Paramount Global
Amazon’s ‘Thursday Night time Football’ begins a new era of streaming for the NFL
Patrick Mahomes #15 of the Kansas City Chiefs Jamie Squire | Getty Images Sport | Getty Visuals To the pleasure and frustration of soccer enthusiasts throughout the United States, the period of Nationwide Soccer League video games showing exclusively on a streaming provider is on us. Amazon Prime Video clip is the property for “Thursday […]
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Disney’s earnings could define how the media industry views streaming’s future
A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021. Bloomberg | Bloomberg | Getty Images Disney will put a stamp on how the media industry views streaming’s growth potential — at least for the time being — when it […]
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Stocks making the biggest moves midday: Lyft, Carvana, Warner Bros. Discovery, DraftKings
Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama / Getty Images Check out the companies making […]
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Sell Paramount as macro challenges mount, JPMorgan says
It’s time to sell shares of Paramount , as investors can expect greater macro challenges ahead for the legacy media company, according to JPMorgan. “Today we downgrade Paramount to Underweight from Neutral with a $25 price target due to softer DTC revenue and higher losses this year, as well as an expectation of weakening EBITDA […]
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Stocks making the biggest moves premarket: Eli Lilly, Cigna, Restaurant Brands and more
Take a look at some of the biggest movers in the premarket: Eli Lilly (LLY) – The drug maker’s stock fell 3.6% in the premarket after it missed estimates with its quarterly results and cut its full-year forecast. Lilly’s performance during the quarter was impacted by lower prices for insulin and falling sales of its […]
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WWE at crossroads as Vince McMahon’s retirement and scandals heighten sale speculation
World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 Ethan Miller | Getty Images Entertainment | Getty Images World Wrestling Entertainment’s annual report for 2021 lists a risk factor specifically about the […]
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Stocks making the biggest moves midday: Walmart, Shopify, 3M, General Electric and more
Vehicles pass a Walmart store in Torrance, California, on Sunday, May 15, 2022. Bing Guan | Bloomberg | Getty Images Check out the companies making headlines in midday trading Tuesday. Walmart – Shares of Walmart slid more than 7% after the company cut its quarterly and full-year outlook, saying that inflation is shifting consumer spending […]
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Stocks making the biggest moves midday: Snap, American Express, Verizon, Seagate and more
Signage for Snap Inc., parent company of Snapchat, adorns the front of the New York Stock Exchange, March 2, 2017 in New York City. Getty Images Check out the companies making headlines in midday trading. American Express — Shares of the credit card company climbed 2.9% as growth in travel and entertainment spending helped American […]
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MoffetNathanson downgrades Paramount, citing lower ad spend ahead of potential recession
MoffetNathanson on Friday downgraded shares of Paramount Global to underperform and slashed its price target to $18 per share from $30, citing growing risk of lower advertising spend going forward. “Despite the continued momentum at Paramount+, we downgrade PARA as the growing risk of lower advertising puts additional pressure on the company’s ability to grow […]
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Stocks making the biggest moves in the premarket: Goldman Sachs, Synchrony Financial, Coinbase and more
Take a look at some of the biggest movers in the premarket: Goldman Sachs (GS) – Goldman gained 2.6% in premarket trading, following upbeat profit and revenue. Second-quarter earnings came in at $7.73 per share, compared to a consensus estimate of $6.58 a share. Goldman’s profit dropped from a year ago, however, as the pace […]
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