4:05 a.m. May 17, 2021
The 100th MarketBriefSarah Levy, CEO of Betterment, discusses retail investing, Bitcoin and the future of fintech. Additionally, Liz Ann Sonders, chief investment strategist for Charles Schwab, on mounting inflation fears. Plus, Barron's Carleton English previews major retail earnings.
3:15 a.m. Nov. 27, 2020
- By Tonya Garcia
American Eagle says digital and full-price sales offset lower mall traffic American Eagle is making plans to shutter stores, which could get them out of low-performing mallsMall staple American Eagle Outfitters Inc. said traffic was a challenge during the third quarter, but digital sales and full-price purchases drove better-than-expected results.
2:49 a.m. Nov. 13, 2020
- By Tomi Kilgore
Disney, Cisco stocks would add nearly 60 points to the Dow's priceShares of earnings reporters Walt Disney Co. and Cisco Systems Inc. are rallying Friday, to provide a nice 57-point boost to the Dow Jones Industrial Average's price. Cisco's stock is rallying 7.2% to pace all the Dow's premarket gainers, after the networking company reported late Thursday , and provided an outlook that was above expectations. The implied price gain would add about 18points to the Dow's price. Disney's stock was the second-biggest Dow gainer, rising 4.3%, after reporting late Thursday on revenue that fell less than forecast. The implied price gain would add about 39 points to the Dow. Meanwhile, Dow futures surged 225 points, or 0.8%.
8:20 a.m. Nov. 12, 2020
- By Tomi Kilgore
Disney stock option traders prepped for post-earnings move that is 50% greater than usualTraders of Walt Disney Co. stock options are prepping for a much-bigger-than-expected one-day post-earnings move on Friday, according to analysts at Options Research & Technology Services (ORATS). Disney is scheduled to report fiscal fourth-quarter results after Thursday's closing bell, with analysts surveyed by FactSet expecting, on average, the company to swing to a per-share loss of 71 cents on revenue that fall 15.5% to $14.15 billion. ORATS said an options "straddle," a volatility play that involves the simultaneous buying of bullish call and bearish put options with at-the-money strike prices expiring Friday, is priced for a $5.42 move in either direction on Friday. That's 51% greater than the average one-day move of $3.59 after the past 12 earnings reports, according to ORATS. That means the stock would have to move more than $5.42, or 4.0% based on current prices, in either direction for a straddle buyer to make money. The day after the past 12 earnings reports, the stock has declined eight times and gained four times. The stock, which was down 0.7% in afternoon trading, has slipped 5.4% year to date, while the Dow Jones Industrial Average has gained 2.6%.
1:14 p.m. Oct. 30, 2020
- By Philip van Doorn
These are the worst-performing stocks in October as Big Tech slumps The information technology sector fell over 5% for the month, the biggest drop for any industryThe information technology sector fell over 5% for the month, the biggest drop for any industry.
1:39 p.m. Sept. 21, 2020
- By Sunny Oh
Dow ends more than 500 points lower but S&P 500 avoids correction in wild Wall Street session S&P 500 manages to close out a volatile Monday above 3,222.76, which would have marked a correction for the broad-market indexU.S. stocks suffer a sharp selloff on Wednesday but avoid a much uglier loss for the main benchmarks, as investors contend with the COVID-19 trajectory in Europe and a lack of progress toward another round of fiscal stimulus out of Washington.
8:11 a.m. Aug. 8, 2020
- By Jon Swartz
Disney shakes up streaming approach after losing nearly $5 billion due to pandemic Company will release ‘Mulan’ for pay-per-view on Disney+ in areas where theaters are not open, and launch a new international streaming offering as other businesses flail because of COVID-19Walt Disney Co. is doubling down on streaming after reporting a quarterly loss of nearly $5 billion Tuesday amid a pandemic that has all but paralyzed its theme parks, live productions and cruise line.
2:14 a.m. Aug. 6, 2020
- By Jeremy C. Owens
Disney has ‘built a big enough life raft’ with streaming changes, analysts say as stock enjoys best day in months Disney shares gain 8.8% in best day since March after earnings include news of new approach for ‘Mulan,’ international streaming optionWalt Disney Co.’s shares spiked to gains of 10% and more Wednesday, after analysts focused more on the media titan’s new plans for streaming than financial results that were destroyed by the COVID-19 pandemic.
7:24 a.m. Aug. 5, 2020
- By Emily Bary
Disney stock surges 10% as new streaming push prompts pair of upgradesWalt Disney Co.'s plans to get more aggressive with streaming as the pandemic hammers other areas of the media conglomerate helped earn the stock an upgrade from Guggenheim analyst Michael Morris after the company's . The stock is up more than 10% in Wednesday trading. Morris raised his rating on Disney shares to buy from neutral and upped his price target to $140 from $123 after Disney said it would launch a new streaming service overseas under the "Star" brand and release live-action "Mulan" as a direct-to-consumer option on Sept. 4 given disruptions to the traditional theater model due to COVID-19. "Using Disney assets to accelerate a push into DTC will likely be well received by investors," Morris said in his Wednesday morning note to clients. "Bottom line, as we head toward an investor day (in the coming months), we expect the burden of proof to be on why Disney will not be a secular streaming winner rather than justifying the company's ability to deliver on investor expectations." He saw hints in the company's language that may have signaled "a broader willingness to pursue additional opportunities" in streaming down the road, in his view. Credit Suisse analyst Douglas Mitchelson also upgraded the stock to outperform from neutral. "Overall, with new CEO Mr. Bob Chapek now indicating an "innovative and bold" further pivot to streaming, we expect Disney shares to be even more aggressively positioned as a streaming growth story (where investors have limited investment vehicles), and eventual COVID recovery play," he wrote. Disney shares have gained 27% so far this year as the S&P 500 has risen 16%.
12:56 p.m. Aug. 4, 2020
- By Jeremy C. Owens
Disney to release 'Mulan' on Disney+, launch new streaming offering Walt Disney Co. plans to sell access to its long delayed "Mulan" live-action movie through Disney+ for $29.99, a new approach to that streaming service, and will launch a new international streaming offering under the Star brand. After the stock languished in after-hours trading following the release of third-quarter earnings, shares jumped to gains of nearly 5% after the twin announcements. Chief Executive Bob Chapek announced the new approaches in a conference call Tuesday afternoon related to Disney's fiscal third-quarter earnings report, which . Disney+ has been used as a subscription service that consumers pay for monthly, but Disney plans to offer a pay-per-view version of "Mulan" through the service as of Sept. 4 in most territories that have access to Disney+. Disney will charge $29.99 to view the movie in the U.S., but that price could vary slightly in other countries, and Disney will launch the movie in theaters where they are open, Chapek said. Chapek also said Disney will launch a new streaming service under the Star brand after the success of Disney+, which has surpassed 60 million subscribers. "Mirroring the strategy we successfully pursued with Disney+, the offering will be rooted in content we own from the prolific and critically acclaimed production engines and libraries of ABC Studios, Fox television, FX, freeform, 20th Century studios and Searchlight," Chapek said. "In many markets, the offering will be fully integrated into our established Disney+ platform from both a marketing and a technology perspective and it will be distributed under the Star brand which has been successfully utilized by the company for other general entertainment platform launches, particularly with Disney+ Hotstar in India."
4:35 a.m. Aug. 4, 2020
- By Jeremy C. Owens
Virgin Galactic plans to sell more stock after reporting no quarterly revenue; shares fall Space-tourism company worth $5 billion says it entered into deposit agreements with a dozen new customers, plans to sell more than 20 million fresh sharesVirgin Galactic Holdings Inc. reported no revenue in the second quarter and has collected less than $200,000 in 2020, as its valuation topped $5 billion and the company prepares to take tourists into space.
3:55 a.m. Aug. 4, 2020
- By Jon Swartz
Disney+ was the only plus for Disney as coronavirus slammed other businesses Disney in the age of COVID-19: With theme parks, movie production and live sports shut down, Disney’s new streaming service becomes even more important Disney in the age of COVID-19: With theme parks, movie production and live sports shut down, Disney’s new streaming service becomes even more importantPerhaps no company faces a greater existential financial crisis in the age of COVID-19 than Walt Disney Co., a legendary company built on social interaction that may find its newest business offers the most immediate relief.
12:23 p.m. Aug. 2, 2020
- By Emily Bary
After Big Tech helped earnings look better, here comes Disney and Uber Earnings Watch: Boost from Alphabet, Amazon, Apple and Facebook makes numbers look better, but they are still on course for worst decline in more than a decade Big Tech made corporate finance during the COVID-19 pandemic look a bit better, but we are still headed for the worst earnings season in more than a decade as the Walt Disney Co. prepares to discuss its financial performance.