Disney's stock plummeted by 10% in after-hours trading on Tuesday after the company reported its fiscal fourth-quarter earnings. The company experienced lower-than-expected results, which are primarily pinned on macroeconomic challenges such as the global advertising slowdown as well as the company's streaming losses.
The company's revenue of $20.15 billion fell...
After a rough first half of 2022, it appears there are some brighter days ahead for Netflix. The streamer released its Q3 earnings on Tuesday, beating the Wall Street estimates by a comfortable margin and causing its stock to surge.
Netflix shares closed at $240.86 on Tuesday before seeing a...
Many investors have recently been cautious about the plane maker giant Boeing due to its slumping stock, 35.5% down year to date and the company’s mounting debt. However, investment firm CFRA Research analyst Colin Scarola argues that now is the right time to buy the shares of Boeing as...
Gold experienced gains as the U.S. dollar waivered ahead of the release of U.S. inflation data later this week. The data is expected to have a bearing on the Federal Reserve's monetary policy going forward.
“Gold has once again bounced back after taking support near $1,700/oz, but may struggle with...
Stocks and bonds continued to fall on Thursday as pandemic-induced factory shutdowns in China and hawkish outlooks from central banks deterred investor confidence. Europe's Stoxx 600 and New York's Nasdaq 100 Index both fell by over 1% while Asian shares declined following losses an announcement by chip maker Nvidia...
Lease-to-own retailer The Aaron's Company released its second quarter report at the start of the week, offering a bleak 2022 guidance. The company's stock took a big hit shortly after, diving 25% at one point.
Aaron's adjusted its predictions for 2022 sales and now sees them in the range of...
Netflix stock (NFLX) isn't the hottest commodity these days and it might be even less desirable after it received a downgrade from Goldman Sachs. In a recent note to clients, Goldman's analyst Eric Sheridan said that his team has various concerns related to NFLX while changing the stock's rating...
While the majority of big tech continues to plunge on the stock market, Amazon stock (AMZN) has been surging in the past seven days. It had the best four-day performance in the past two years and was even trending to the best five-day stretch in seven years before taking...
According to Bank of America (BofA) strategists, the "recession shock" is a realistic outcome for the United States due to the deteriorating macro-economic picture in the country. This is a result of the Federal Reserve tightening its monetary policy in an attempt to battle the surging inflation.
Reuters reports that...
The stock of sports betting and daily fantasy sports provider DraftKings continued its free fall this week, prompting its CEO Jason Robins to speak out publicly about the issue. Robins addressed the plummeting stock on Twitter, writing that the investors who sold their DKNG stock will "regret that decision."
"If...