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☆ Here's how analysts say to trade Disney ahead of its earnings announcement
▼ + stars: | 2023-08-09 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

DIS YTD mountain Disney shares' YTD performance Ahead of the company's quarterly release, several Wall Street analysts have lowered their performance forecasts. The new price target suggests shares could rally 45% from Tuesday's close. He cut his price target to $105 from $110. Finally, Deutsche Bank analyst Bryan Kraft lowered his price target, citing lower advertising revenue and underperformance at the box office. His new price target is $120, down from $131.

Persons: Wednesday's, Goldman Sachs, Goldman, Brett Feldman, John Hodulik, Vijay Jayant, Morgan Stanley, Benjamin Swinburne, Bryan Kraft, Kraft, — CNBC's Michael Bloom Organizations: Disney, Investors, Penn Entertainment, ESPN, ESPN Bet, Disney World's, UBS, Hollywood, Deutsche Bank, Kraft Locations: Tuesday's

☆ 'Barbenheimer' can boost Cinemark shares more than 35% from here, Morgan Stanley says
▼ + stars: | 2023-08-07 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Despite the overhang of the Hollywood labor strikes, "a significant bull case remains" for Cinemark , according to Morgan Stanley. Analyst Benjamin Swinburne raised his price target on shares to $24 to $22, suggesting 36.9% upside from Friday's close. This is based on further box office growth in '24, but '24 attendance at just ~70% of '19 levels which we see as potentially conservative. "Strikes-aside, studios continue to build back production and we expect increased film supply from both traditional and streaming studios over the next few years. The analyst added that Cinemark is "uniquely positioned" to benefit from the North American box office recovery owing to a combination of factors, including its conservative balance sheet pre-Covid.

Persons: Morgan Stanley, Oppenheimer, Benjamin Swinburne, Swinburne, Universal, —, Michael Bloom Organizations: Hollywood, Media, Entertainment, Warner Bros, American, US, Universal Studios, CNBC

☆ Stocks making the biggest moves midday: Tesla, Berkshire Hathaway, PayPal, Cinemark and more
▼ + stars: | 2023-08-07 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The company earned €168 million in revenue, while analysts polled by Refinitiv expected €672 million. The company reported adjusted net income and revenue that beat expectations for the second quarter. Viatris reported revenue of $3.92 billion, while analysts polled by StreetAccount called for $3.86 billion. PayPal – PayPal stock climbed 2% after launching its first stablecoin, PayPal USD, backed by the U.S. dollar on Monday. Analysts polled by FactSet are forecasting an adjusted 5 cents per share on $534.2 million in sales.

Persons: Tesla, Zach Kirkhorn, Vaibhav Taneja, Taneja, BioNTech, Refinitiv, Tyson, Berkshire Hathaway, Warren, StreetAccount, Andrew Mok, Sovos, Campbell, Sovos Brands, Campbell Soup, Morgan Stanley, Benjamin Swinburne, Oppenheimer, Yun Li, Alex Harring, Samantha Subin Organizations: Refinitiv, Berkshire, Warren, UBS, Sovos, PayPal, U.S, FactSet Locations: Gruenheide, Germany, BioNTech –, stablecoins, U.S

☆ Barbie is everywhere this summer. Here are the stocks that can benefit from the highly anticipated film
▼ + stars: | 2023-07-21 | by ( Alex Harring | ) www.cnbc.com time to read: +8 min

But can the same be said for Mattel shares? Mattel stock is up more about 19% on a year to date basis after a mixed start to the year. Into the Barbie release, the stock reflects the growing buzz. Mattel shares moved from $17.59 on June 1 to breaking into the $20 range for the first time since February. Though Barbie is not a typical film in the space given its adult audience, Jefferies analyst Andrew Uerkwitz said, it can still help Mattel sales incrementally.

Persons: Gordon Haskett, Don Bilson, Greta Gerwig, Margot Robbie, Ryan Gosling, Bilson, Goldman Sachs, Stephen Laszczyk, Davidson, Linda Bolton Weiser, Bolton Weiser, Barbie, Brett Feldman, Jefferies, Andrew Uerkwitz, Roth, David Bellinger, Bellinger, Mario, Morgan Stanley, Benjamin Swinburne, ramped, Oppenheimer, Laszczyk, David Karnovsky, Karnovsky, — CNBC's Michael Bloom Organizations: Mattel, Warner Bros, Lions, Lions Gate, Hasbro, MAT, Analysts, Universal Pictures, Mario Bros, Hollywood, JPMorgan, CNBC, Alliance, Television Producers, Guild of America Locations: 2H23

☆ Sports moves could greatly impact the streaming wars, says Morgan Stanley's Benjamin Swinburne
▼ + stars: | 2023-06-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSports moves could greatly impact the streaming wars, says Morgan Stanley's Benjamin SwinburneBenjamin Swinburne, Morgan Stanley managing director and head of U.S. media research, joins 'Power Lunch' to discuss how sports offer the most attractive value and more.

Persons: Morgan Stanley's Benjamin Swinburne Benjamin Swinburne, Morgan Stanley Organizations: Sports

☆ Earth's neighboring star Betelgeuse unexpectedly got 50% brighter —part of a weird process that will end in the dying star going supernova
▼ + stars: | 2023-05-26 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +5 min

This dying red giant had only recently mysteriously dimmed its shine after an enormous explosion. It is expected to explode into a supernova visible from Earth, though likely not for thousands of years. The red giant — a star not far from death — is now shining about 50% brighter than it usually would, scientists said. Scientists are keeping a close eye on Betelgeuse, as this red giant is a dying star that is close to turning supernova. Betelgeuse could burst into a supernova visible from Earth — one dayA pre-supernova star, called a Wolf-Rayet star, 15,000 light-years away in the constellation Sagittarius.

☆ East Timor heads to the polls in parliamentary election
▼ + stars: | 2023-05-21 | by ( ) www.reuters.com time to read: +2 min

[1/3] East Timor's then-Prime Minister Mari Alkatiri stands during his swearing-in ceremony in Dili, East Timor, September 15, 2017. REUTERS/Lirio Da FonsecaJAKARTA, May 21 (Reuters) - East Timorese voters headed to the polls on Sunday in a parliamentary election that analysts said would likely see two resistance-era figures battle to be prime minister. Sunday's poll is the country's fifth parliamentary election since East Timor gained full independence in 2002 following decades-long occupation by Indonesia. East Timor has in recent years grappled with diversifying its oil- and gas-dependent economy. Leach said the victory of Jose Ramos Horta in last year's presidential election was seen as paving a way for CNRT's return to power.

☆ Streaming doesn't have a demand problem; it's a cost one, says Morgan Stanley's Benjamin Swinburne
▼ + stars: | 2023-05-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStreaming doesn't have a demand problem; it's a cost one, says Morgan Stanley's Benjamin SwinburneBenjamin Swinburne, Morgan Stanley head of U.S. media research, joins 'The Exchange' to discuss the future of streaming.

☆ Morgan Stanley reveals its top picks ahead of earnings, including this movie theater chain
▼ + stars: | 2023-04-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

He is doubling down on shares of the movie theater chain ahead of earnings in early May. "Films outside the Top 10 in box office revenues saw a ~100% increase YoY and contributed ~28% of 1Q overall box office," Swinburne wrote. Morgan Stanley said it likes stocks that can "deliver above-peer, and above consensus/market expectations long-term organic sales growth," and Church & Dwight fits the bill. … recent weeks, we have fielded concerns around WSC's ability to remain resilient in an environment where investors are increasingly discounting near-term earnings upside. … Films outside the Top 10 in box office revenues saw a ~100% increase YoY and contributed ~28% of 1Q overall box office."

☆ Morgan Stanley's guide for tech investors playing the end of this bear market — and the start of the next bull
▼ + stars: | 2023-03-07 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Tech (and media and telecom) investors should start preparing their buy lists now ahead of a bear market low, Morgan Stanley said. Given this, the strategist offered an investment guide for the period before, during and after the stock market trough. Netflix was among the names Morgan Stanley recommended for the period prior to the market bottom. Meanwhile, after the bear market low, Morgan Stanley said cyclicals, lower quality and value names have the most "impressive outperformance." Meanwhile, for investors trading through the trough and into the bull market, names such as Salesforce and Microsoft are buying opportunities, Morgan Stanley said.

☆ Galaxies spotted by Webb telescope rewrite understanding of early universe
▼ + stars: | 2023-02-22 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

These galaxies, one of which appears to have a mass rivaling our Milky Way but 30 times more densely packed, seem to differ in fundamental ways from those populating the universe today. "The leading theory is that an ocean of dark matter filled the early universe after the Big Bang," Labbe said. "This dark matter - we don't know what it is actually is - started out really smooth, with only the tiniest of ripples. These ripples grew over time due to gravity and eventually the dark matter started to collect in concentrated clumps, dragging hydrogen gas along for the ride. "Their explosion set off the chain of events that formed subsequent generations of stars," Labbe said.

☆ Analysts praise Disney's cost-cutting plan, say focus on profitability is 'restoring the magic'
▼ + stars: | 2023-02-09 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The cost-saving initiatives unveiled by Disney on Wednesday give analysts another reason to remain bullish on the media giant. The commentary from analysts comes after the company on Wednesday revealed plans to cut 7,000 jobs and slash $5.5 billion in costs . "Bob Iger laid out a plan for cost cuts, content and streaming rationalization and ultimately improved profitability," said Wells Fargo's Steven Cahall in a Wednesday note to clients. "An execution story is a cleaner catalyst path, and the shares should track higher on confidence + estimates." "Bob Iger has a long, strong track record which provides confidence he will manage this transition for DIS," she said.

☆ Morgan Stanley says Disney can surge 35% as a strong consumer drives park revenue
▼ + stars: | 2023-02-06 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Shares for Disney could see big gains going forward, according to Morgan Stanley. He also noted that his bull case scenario is now in play after the stock's hot start to 2023. "After a 25% appreciation in shares YTD, we focus on the bull case from here: In our view, the recent appreciation in shares reflects two recent shifts in sentiment. Morgan Stanley has a bull case price target of $150 per share on Disney, which implies upside of 36.1% from Friday's close. Disney shares were down nearly 1% during the premarket Monday.

[1/2] People walk along the South Bank with the Houses of Parliament in the distance, in London, Britain, January 17, 2023. Some hires need vetting by the Financial Conduct Authority (FCA) and the Bank of England (BoE). Britain introduced the accountability rules in 2016 in response to public anger that so few individuals were punished over taxpayers having to bail out banks in the 2007-2008 financial crisis. Regulators sought to reassure that the rules would not be used to put "heads on sticks" and discourage people from taking on senior roles. Reporting by Iain Withers and Huw Jones, editing by Sinead Cruise and Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

☆ Here's what analysts think about Netflix's CEO change
▼ + stars: | 2023-01-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Reed Hastings' departure as co-CEO does little to change how analysts view Netflix , or the company's ability to accomplish its long-term strategies, analysts say. The streaming giant announced Thursday that founder Reed Hastings would give up his role after more than two decades and serve as executive chairman. The move came along with quarterly results that fell short of earnings estimates but showed subscriber numbers that far surpassed expectations . "The company's focus, in our view, has always been an underappreciated differentiator and we expect that focus to remain under new leadership." Despite the title change and a step back from day-to-day operations, analysts anticipate that Hastings will continue to be involved in longer-term decision-making.

☆ It's important to consider how currency impacts Netflix revenues, says Morgan Stanley's Swinburne
▼ + stars: | 2023-01-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's important to consider how currency impacts Netflix revenues, says Morgan Stanley's SwinburneBenjamin Swinburne, Morgan Stanley managing director and head of U.S. media research, joins 'The Exchange' to discuss profits from the Netflix ad-tier, the implications of its crackdown on account sharing and what to expect from the company's Q4 earnings report.

☆ Morgan Stanley sees these names rebounding after heavy tax-loss selling at the end of 2022
▼ + stars: | 2023-01-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

With a new year underway, there's an opportunity to scoop up some names that investors sold to save on taxes in 2022, according to Morgan Stanley. In fact, Morgan Stanley fielded more inquiries on tax-loss selling strategies in 2022 than in any other year, analyst Todd Castagno wrote in a note Friday. Morgan Stanley looked for those popular stocks that have derated but may be repurchased once the tax loss is realized. Plug Power has the most upside to Morgan Stanley's price target — a whopping 288%. Morgan Stanley named the solar energy company a top pick after the Inflation Reduction Act was signed into law in August.

☆ These S&P 500 stocks are expected to post the biggest gains in the new year
▼ + stars: | 2022-12-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

While there's still time for stocks to turn around for the month, hopes for an end-of-year "Santa Claus rally" have fizzled out. However, analysts see the potential for big gains in some stocks despite the potential volatility ahead. Each of the 15 stocks below has at least about 50% upside to the average analyst price target. Discovery each have more than 100% potential upside, according to the target calculated by FactSet. The stock has upside potential of 51% from its current average price target.

☆ This unusual media stock is a top 2023 play from Morgan Stanley because of growing F1 popularity
▼ + stars: | 2022-12-19 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Shares of Formula One-parent company Liberty Media can go nearly 30% higher on the rising popularity of the auto racing sport, according to Morgan Stanley. Analyst Benjamin Swinburne named the media and entertainment stock one of his top overweight-rated ideas for 2023, saying it can outperform even as growing recessionary challenges are expected to challenge the broader industry. Its primary revenue drivers (over 80% of revenues) are driven by contracted media rights, race promotion fees, and sponsorship contracts all with multi-year renewal cycles," Swinburne wrote Monday. The analyst cited the growing popularity of Formula One in the U.S., which he expects will result in higher revenue growth over the long term. EBITDA (OpCo level) to CAGR midteens through '25 as F1 realizes margin expansion under the terms of its current Concorde Agreement," Swinburne wrote.

☆ AT 2022cmc: Rare cosmic event beamed light at Earth from 8.5 billion light-years away
▼ + stars: | 2022-11-30 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

But the rare cosmic event actually occurred 8.5 billion light years away from Earth, when the universe was just a third of its current age — and it has created more questions than answers. This graphic shows how a tidal disruption event might look in space. Carl Knox/OzGrav/Swinburne University of TechnologyWhen a star is torn apart by a black hole’s gravitational tidal forces, it’s known as a tidal disruption event. Observing more events like this could reveal how black holes launch such powerful jets across space, according to the researchers. “Scientists can use AT 2022cmc as a model for what to look for and find more disruptive events from distant black holes.”

☆ These favored stocks are down by more than 20% and are poised to pop soon, says Morgan Stanley
▼ + stars: | 2022-11-26 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Morgan Stanley highlighted stocks that may be good contenders that are "ripe for repurchase" after investors have realized their tax losses. Morgan Stanley's Brian Nowak cut his price target on Alphabet last month to $125 from $135. Meanwhile, Disney , which whiffed on Wall Street's expectations for top and bottom lines , is also on Morgan Stanley's list. Advanced Micro Devices also caught Morgan Stanley's attention. Shares have taken a beating in 2022, toppling over by 47%, but Morgan Stanley remains positive.

☆ Analysts cheer Iger's return to Disney; MoffettNathanson upgrades and sees 30% upside
▼ + stars: | 2022-11-21 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Wall Street analysts broadly approved of Bob Iger's return to Disney . MoffettNathanson's Michael Nathanson upgraded Disney to outperform from market perform, and raised his price target, on the news of Iger's return. His $120 price target represents roughly 30.7% upside from Friday's closing price of $91.80. Iger's return comes less than a year after Bob Chapek took the reins as chief executive. Meanwhile, Wells Fargo's Steven Cahall said Iger's return is a "positive surprise," as it is viewed by investors as a catalyst for the stock.

☆ Why analysts say Netflix's third-quarter results signal the start of a 'narrative defining period'
▼ + stars: | 2022-10-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Netflix 's subscriber turnaround in the third quarter signaled to many that the streaming giant's troubles are behind it. But some analysts warn the company isn't out of the woods just yet and the stock is entering a defining period. The streaming giant on Tuesday reported subscriber growth of roughly 2.4 million, topping expectations set by analysts, after back-to-back quarters of subscriber losses. That said, Morgan Stanley's Benjamin Swinburne wrote in a note to clients that the stock is overstating Netflix's outlook ahead. But without a boost in the pace of streaming growth, he sees difficulty for Netflix to surpass 10% growth in the foreseeable future.

☆ These stocks have fallen back below their pre-Covid levels and are cheap
▼ + stars: | 2022-09-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

The tumultuous market has provided an opportunity to grab some of analysts' favorite stocks on the cheap. After the two-month Covid bear market in 2020, stocks rallied back to new highs before entering another bear market earlier this year. They are also names that are loved by analysts: they have at least 10% upside to the average price target and at least 60% of analysts rate them a buy. More than 70% of the analysts covering each name rate them a buy and the stocks have more than 35% upside to their average price targets, according to FactSet. Meta , down nearly 33% from the market's pre-Covid peak, is currently trading at a 39% discount and has 48% upside to the average analyst price target, according to FactSet.

☆ Fact Check-Recommendation for social media ID requirements in Australia is from 2021 and has not been implemented
▼ + stars: | 2021-01-05 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

Australia has not implemented “social credit” to access social media platforms, contrary to claims online. Social media users making this claim misrepresent a broadcast that dates to April 2021 about a proposal made by a parliamentary committee looking to reduce “technology-facilitated abuse”. Reuters found no evidence that the recommendation, which proposed requiring a form of identification in order to open a social media account, has been implemented. The Department for Social Services and the House of Representatives Standing Committee on Social Policy and Legal Affairs did not immediately respond to Reuters’ requests for comment. The circulating news video dates to April 2021 and describes a proposal by a committee of the Australian parliament looking into domestic and sexual abuse to require identification to access social media.

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