Summary: Autodesk and Walt Disney stocks rise due to positive news, while AMC Networks and Dycom stocks fall on negative news.
Full articleSummary: Lionsgate has acquired Francis Ford Coppola’s 'Megalopolis' and plans to release it on September 27, 2024. The film, self-funded by Coppola for around $120 million, has garnered mixed reviews but continues to build anticipation due to its polarizing reactions and star-studded cast including Adam Driver and Laurence Fishburne.
Full articleSummary: Memorial Day weekend saw catastrophic box office numbers, particularly affecting theater chains like AMC who saw a 4% increase in shares despite low sales. AMC faced backlash for leaking the Beyonce concert film ahead of schedule.
Full articleSummary: Saudi oil producer's CEO Amin Nasser confirmed as director of Blackrock amidst concerns about connection to Aramco, fossil fuel advocacy, and climate mission misalignment. Shareholder resolutions addressing environmental initiatives at Blackrock faced low support.
Full articleSummary: Sega almost put Nvidia out of business in 1996 by asking them to develop the GPU for the Dreamcast, which led to Nvidia receiving a $5 million investment from Sega that saved them from bankruptcy.
Full articleSummary: High-grade bond sales are on the rise, with companies like BlackRock TCP Capital, Coca-Cola Consolidated, Schlumberger Holdings, Enact Holdings, and others eyeing debt offerings. Peloton to hold $1 billion leveraged loan lender call. Packaging company Amcor also planning dollar and euro offerings.
Full articleSummary: Nvidia received a $5 million investment from Sega in 1996, which helped the company avoid collapse and laid the foundation for its future success in the hardware industry.
Full articleSummary: Apple implementing aggressive discounts on iPhones in China, Micron Technology upgraded by Morgan Stanley and Micron is up 47% YTD, Nvidia preparing for quarterly earnings with price target upgrades, Li Auto reported weaker-than-expected earnings, GameStop and AMC Entertainment fluctuated amid meme-stock trade, Johnson Controls rose as Elliott Management built a $1B stake, Teradyne upgraded by Goldman Sachs citing strong quarter and cyclical recovery expectations.
Full articleSummary: The Dow Jones Industrial Average closed above 40,000 for the first time, S&P 500 and Nasdaq also recorded gains. Reddit surged 10% with partnership news, while GameStop and AMC Entertainment dropped due to announcements of potential stock sales. Markets globally showed mixed movements with hopes of inflation heading in the right direction.
Full articleSummary: Honeywell International Inc. Director sold 28,500 shares of stock removing $5,812,860 from their holdings. Firm last reported higher than expected quarterly earnings. Equities analysts raised target price to $232 per share.
Full articleSummary: The stock market headed to fresh all-time highs with the Dow Jones Industrial Average hitting the historic 40,000 mark fueled by bets on rate cuts. The S&P 500 hovered near 5,320 with Walmart climbing and GameStop and AMC tumbling. Analysts are optimistic about further near-term gains.
Full articleSummary: U.S. stocks retreated from record highs, Dow Jones Industrial Average briefly crossed 40,000 for the first time, resulting in Dow slipping while S&P 500 and Nasdaq also dipping. Deere reported stronger profit but lowered profit forecast leading to a drop in its stock price. Homebuilders and companies like GameStop and AMC Entertainment experienced declines. Walmart reported stronger profit, lifting its stock, indicating positive economy signal. Target and other retailers rose following Walmart's report. Chubb surged after Berkshire Hathaway disclosed ownership stake. Under Armour warned of revenue decline but announced cost-cutting programs. Strong profit reports and hope for Fed interest rate cut boosted U.S. stock indexes to record levels.
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