Month: February 2023
Disney CEO Bob Iger wastes no time putting turnaround plans in place after a solid quarter
Disney (DIS) reported a stronger-than-expected fiscal 2023 first quarter after the closing bell Wednesday, and Bob Iger struck the right tone on his first conference call since returning as CEO, prioritizing creativity and profitability. Revenue increased about 8% year-over-year, to $23.51 billion, beating analysts’ expectations for $23.37 billion, according to estimates compiled by Refinitiv. Earnings-per-share (EPS) fell 6.6% […]
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Stock futures are slightly higher as investors appraise hottest batch of earnings
Inventory futures rose a little Wednesday evening as traders took in far more big corporate earnings reviews. Futures tied to the Dow Jones Industrial Average rose 63 factors, or .1%. S&P 500 futures additional .1%, and Nasdaq 100 futures gained .2%. Many companies described their quarterly results right after the bell, which includes Disney, MGM, […]
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Emerging markets are finding attention. Morgan Stanley names the ‘highest quality’ shares to participate in it
Rising market stocks are piquing investor desire. “We expect that enhanced customer expending and outbound vacation [from Mainland China] will gain several EMs, particularly in Asia, Africa, and Latin The united states,” Fitch Solutions wrote in a report on Jan. 31. And Christian Nolting, world chief financial investment officer at Deutsche Bank , informed CNBC’s […]
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Will the inventory current market rally final? Analysts share their predictions — and methods
The tide appears to have turned considering the fact that 2022 — marketplaces have been rallying since the start of the 12 months. But traders are wondering how lengthy that will previous. Stocks rallied soon after U.S. Federal Reserve Chairman Jerome Powell claimed the disinflationary procedure has started . And all three big Wall Street […]
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Cramer’s lightning round: Vimeo is not a buy
Vimeo Inc: “I can’t recommend a stock here that is losing money. So I say, no.” Vale SA: “Vale is located in Brazil. And [there is] political risk there. I don’t take political risk on ‘Mad Money.’” Jim Cramer’s Guide to Investing Click here to download Jim Cramer’s Guide to Investing at no cost to help you […]
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Jim Cramer says he’s intrigued by these 10 top-performing S&P 500 stocks
CNBC’s Jim Cramer on Wednesday identified 10 stocks in the S&P 500 that investors should consider grabbing at the right price. “Consider me intrigued, but only if we have a couple more down days like today that give you a better buying opportunity because these stocks have all been overbought,” he said. Here is his […]
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With Bob Iger back at Disney, ‘you don’t need Nelson Peltz,’ says ‘Fast Money’ trader Steve Grasso
Walt Disney CEO Bob Iger wasted no time announcing a major restructuring, as well as thousands of layoffs, in his first earnings since returning to the media conglomerate. That showed activist investor Nelson Peltz may not be needed at Disney, said Steve Grasso, CEO of Grasso Global on CNBC’s ” Fast Money ” Wednesday evening. […]
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Dominion Voting attorney calls out Fox for missing evidence in defamation lawsuit
A person walks past Fox News Headquarters at the News Corporation building on May 03, 2022 in New York City. Alexi Rosenfeld | Getty Images Dominion Voting Systems is calling out Fox News and its parent company, Fox Corp, for failing to turn over evidence, with less than two months before the companies are set […]
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Mattel shares tumble after holiday quarter fails to boost sagging sales
The Mattel company logo is pictured during the inauguration of the expansion of the Montoi plant, in Escobedo, Mexico March 15, 2022. Daniel Becerril | Reuters Barbie-maker Mattel posted fourth-quarter results after market close on Wednesday that came in well below Wall Street’s expectations after holiday sales failed to offset slowing consumer demand. CFO Anthony […]
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Robinhood board approves strategy to obtain again Sam Bankman-Fried’s $578 million stake
Rafael Henrique | Sopa Illustrations or photos | Lightrocket | Getty Visuals The board of directors of Robinhood has authorized a system to get up to 55 million shares purchased by Sam Bankman-Fried final 12 months. The ex-CEO of the now bankrupt crypto exchange FTX at first obtained his stake in May 2022 by way […]
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