The Walt Disney Company’s better-than-expected earnings and upcoming streaming service have Wall Street glowing as the longtime media giant enters a whole new world of content delivery. The shares rose 1.4 percent in premarket trading Friday, set to add to their 8 percent gain so far this year. Though analysts were impressed with Disney’s studio
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Activision Blizzard shares plunged 10 percent in after-hours trading after reporting its third straight quarterly decline in monthly active users. The video game company, which owns the Call of Duty and World of Warcraft franchises, reported 345 million monthly active users, down from 352 million in the previous quarter. The video game company reported 52
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J.P. Morgan cut its 12-month price target on General Electric to just $6 a share on Friday, the lowest on Wall Street. “The outcome of GE results was worse than expected on almost all fronts,” J.P. Morgan’s Stephen Tusa said of the company’s third quarter earnings. “While liquidity is certainly debatable, we believe this is
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Amazon’s next big move could be taking on the giants of the delivery industry, RBC Capital Markets’ Mark Mahaney told CNBC on Thursday. “There’s another investment cycle coming, and I bet you it’s around shipping and them actually coming out and directly competing with FedEx and UPS,” the lead internet analyst said on “Power Lunch.”
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Check out the companies making headlines after the bell: Yelp stock plunged 27 percent in the extended session after the company missed revenue expectations for the third quarter and also provided weak guidance. The company reported $241 million in revenue, while analysts were expecting $245 million. The company cited a slowdown in advertising account growth
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D.R. Horton, the largest U.S. homebuilder, said on Thursday rising home prices and higher mortgage rates were weighing on demand, particularly for expensive homes. Mortgage rates are hovering over 5 percent for the first time in several years, raising concerns about a slowdown in the housing industry, even as the broader U.S. economy expands at
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With Congress now split between Democrats and Republicans, consumer-related legislation is likely to be caught in the crosshairs. “You shouldn’t expect much coming out of Washington that will directly affect your personal finances,” said Ric Edelman, the chairman of financial education and client experience at Edelman Financial Engines. At stake are regulations around lending, student
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Amazon has long been dubbed Wall Street’s king of retail, but not this year. Shares of online marketplace Etsy have soared 145 percent in 2018, nearly triple Amazon’s gains. Etsy stock soared 24 percent Wednesday following its quarterly earnings report. The company raised its annual revenue forecast after reporting it benefited from raising fees it
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Qualcomm beat analysts’ expectations for fourth-quarter revenue and profit on Wednesday, helped by demand from Chinese smartphone makers targeting emerging markets and a newer licensing model for its wireless technology that has soothed relations with some big customers. Shares of the company rose 1.5 percent in extended trading on Wednesday. Qualcomm is the world’s biggest
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Michael Kors recorded weaker sales at retail stores in Europe during the quarter ended September, causing the high-end handbag maker to report lower revenue than Wall Street was expecting. Kors said on Wednesday net income attributable to the company fell to $137.6 million or 91 cents per shares in the three months ended Sept. 29,
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CNBC’s Jim Cramer is such a passionate supporter of the stock of Apple that, sometimes, even he knows it’s worth getting a second opinion. So, on Tuesday, he got technician Carolyn Boroden’s take. After inspecting Apple’s charts, Boroden, who runs FibonacciQueen.com and is Cramer’s colleague at RealMoney.com, came out “cautiously optimistic” on the stock’s near-term
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