Business
Disney board’s decision to replace Bob Chapek with Bob Iger makes everyone look bad
Bob Iger Stephen Desaulniers | CNBC The Disney board’s decision to swap out Bob Chapek for Bob Iger as the company’s CEO may be the right one for the company’s future. But the process to get to this choice makes everyone involved look less than stellar. No sudden CEO change is easy, but the specifics […]
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Analysts cheer Iger’s return to Disney; MoffettNathanson upgrades and sees 30% upside
Wall Street analysts broadly approved of Bob Iger’s return to Disney . Iger was reappointed as chief executive officer, effective immediately, after his successor, Bob Chapek, faced criticism for his handling of the company. Disney shares rose 8% in premarket trading Monday. They’re off 40% this year. As a whole, analysts welcomed the CEO change, […]
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Disney board reached out to Iger on Friday following concerns over earnings
Disney’s board reached out to Bob Iger on Friday, without any other serious candidates in mind to replace Bob Chapek as CEO, CNBC’s David Faber reported Monday, citing sources. The board’s outreach to Iger and discussion to replace Chapek came after surging concerns crested following Disney’s most recent quarterly earnings report, according to Faber’s sources. […]
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Barclays downgrades Williams-Sonoma and RH, warns of a weak housing cycle ahead
A weak housing cycle will hurt home furnishing retailers Williams-Sonoma and RH , according to Barclays. Analyst Adrienne Yih downgraded both stocks to equal weight from overweight. She also slashed her price targets on Williams-Sonoma and RH. “We are downgrading both WSM and RH on a weakening housing cycle that we believe will have a […]
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Bob Iger is back. He’s the steady hand that Disney needs as CEO to get it back on track
Bob Chapek is out as chief executive of Disney (DIS), the company said late Sunday, a leadership shakeup that nearly two weeks ago we began to champion as necessary to get the entertainment giant back on track. We’re pleased to see Bob Iger is returning to the CEO role nearly three years after he vacated […]
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This self-driving car technology stock can jump more than 25%, Goldman Sachs says
Investors should consider buying shares of Mobileye Global, a company developing autonomous driving technology for cars, Goldman Sachs said. Analyst Mark Delaney initiated coverage of Mobileye Global with a buy rating, saying the maker of technology for self-driving cars can gain market share in a competitive market. The analyst’s 12-month price target of $36 implies […]
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‘This is such an obvious opportunity’: New Goodwill store goes live online with a Picasso print, designer handbags and other treasures
Whether consumers are looking to save or are hunting for a buried treasure, the resale business is booming. During the Covid pandemic, secondhand stores such as eBay, the RealReal and ThredUp thrived online. related investing news Holiday shoppers aren’t in a rush. What that means for retail stocks So-called recommerce grew nearly 15% in 2021 — […]
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Goldman Sachs upgrades this new shoe stock, predicts 65% upside as more on Wall Street get on board
Shares of On Holding can surge more than 65% as more people on Wall Street get on board with the Swiss footwear sneaker company, according to Goldman Sachs. Analyst Richard Edwards upgraded shares to buy from neutral, but lowered his target price, saying investors can expect “rapid growth” from the footwear company on the strength […]
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5 things to know before the stock market opens Monday
Heritage turkeys make rapid gurgling sound at Elmwood Stock Farm ahead of the Thanksgiving holiday in Georgetown, Kentucky, November 16, 2021. Amira Karaoud | Reuters Here are the most important news items that investors need to start their trading day: 1. Time to talk turkey Happy Thanksgiving Week. We may have a shortened trading schedule, […]
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Disney shares rise after Iger replaces Chapek as CEO
Disney World celebrated its 50th anniversary in April 2022. Aaronp/bauer-griffin | Gc Images | Getty Images Shares of Disney popped in premarket trade Monday, the morning after the company announced it had replaced CEO Bob Chapek with Bob Iger. Disney stock rose about 9% on Monday morning. As of Friday’s close, the company’s shares had […]
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