Text size Disney has set itself the goal of boosting the Disney+ subscriber base to between 230 million and 260 million accounts by the end of its fiscal 2024. Dreamstime Walt Disney stock jumped after the media and entertainment giant reported better-than-expected earnings and subscriber growth. The company also said Wednesday evening it would raise …
Shares of Bed Bath & Beyond Inc. tumbled Tuesday, putting them in danger of their first decline in two weeks, after Baird analyst Justin Kleber suggested investors sell, saying the latest “meme stock frenzy” comes despite continued liquidity concerns. Baird’s Kleber turned bearish on the home goods retailer after its stock BBBY, -14.20% soared 39.8% …
As the risk of a recession draws nearer, Citi group has produced a screen of 30 stocks to help investors find opportunities during the second half of 2022. Stocks have rebounded in recent weeks with major indexes up by double digits from their June lows. The S&P 500 has risen about 10% since the end …
10 Stocks That Should Shine in a 2023 Recession: Citi Read More »
We are a day away from data that could prove a turning point for markets. If Wednesday’s CPI doesn’t reveal some slowing in prices, expectations will rise for a bigger Fed rate hike in September, possibly knocking stocks. But if it swings the other way, especially after surprisingly good jobs data, the view that things …
Upstart Holdings Inc. shares fell after the company delivered a lower-than-expected revenue forecast for the current quarter, but its chief executive expressed confidence in the performance and value of artificial-intelligence-driven lending. Since Upstart UPST, +9.02% offered preliminary second-quarter results a month ago that fell shy of expectations, the key issue headed into the company’s official …
Upstart stock drops after earnings, but CEO says he’s ‘confident’ in value of AI lending Read More »
Netflix Inc. bounced back. Can Walt Disney Co.’s streaming service continue to grow despite a warning from Chief Financial Officer Christine McCarthy in May of increased costs amid macroeconomic hurdles? Disney DIS, -0.90%, like nearly every tech giant, has navigated choppy economic times that have led others to shave operating expenses and reduce revenue forecasts. …
Shares of Hyzon Motors Inc. were suffering a record plunge toward a record low Friday, after the maker of fuel cell-powered trucks disclosed a “myriad of issues,” including accounting regularities that will cause it to miss the filing deadline for second-quarter results. That prompted a number of analysts to back away from their bullish stances, …
Anyone who bought PayPal Holdings stock last summer may be ruing the day. Despite popping a bit this past week, the shares, at $97, are still off 68% from their highs around $308. Memories of the stock’s skid in February, when it fell 35% over two days, may still be uncomfortably fresh in investors’ minds. …
Buy PayPal Stock. The Battered Payments Company Is Starting to Perk Up. Read More »
Text size Former Twitter CEO Jack Dorsey leads Block. Marco Bello/AFP via Getty Images Block’s stock price has wobbled in the wake of the fintech company’s second-quarter earnings, but there remain multiple reasons to be upbeat, according to analysts. Founded and led by former Twitter (ticker: TWTR) CEO Jack Dorsey, shares in Block ( SQ …
Block Stock Wobbles After Earnings. Why Analysts Are Upbeat. Read More »
AMC Entertainment Holdings Inc. took Wall Street by surprise with the announcement of its “APE” special dividend after market close on Thursday. This, of course, is a company that is no stranger to bold moves, as evidenced by the movie theater chain’s $27.9 million investment in gold and silver miner Hycroft Mining Holding Corp. HYMC, …
AMC takes aim at massive debt burden with ‘APE’ special dividend Read More »
