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There's one large-cap stock that investors should look into right now, according to Rob Luna, chief investment strategist at asset management firm Surevest. That's Disney , which just saw the surprising return of Bob Iger as CEO , ousting Bob Chapek. "Bob Iger is arguably probably the best CEO of the last two decades — what he's done with Disney. Still, Luna says, "with Iger back, I anticipate this stock will be back on track very soon." 'Best in breed' small-cap stocks Though Luna's Disney pick is a large-cap stock, his general advice for investors is to move from big names to smaller ones.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBob Iger is going to face tough choices at Disney, says Michael NathansonMichael Nathanson, MoffettNathanson founding partner and senior research analyst, joins CNBC's 'Squawk Box' to react to Bob Iger's return to Disney as CEO.
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.
Former Disney CEO Bob Iger is back in his old job, in a move that shocked the media world. From cost cuts to streaming to a solid future succession plan, here's what they hope the CEO will tackle. Following the stunning announcement late Sunday night that former Disney CEO Bob Iger would be returning to his old job, the happiest place on earth might actually be Wall Street. "What I like about Bob Iger is Bob Iger has always been direct, he's been honest, he's been willing to make tough choices," Michael Nathanson, a senior research analyst and co-founder of the firm, said in a CNBC interview on Monday. Are you a Disney insider with insight to share about Bob Iger's return?
Iger has committed to serve two years as CEO and agreed to help the board develop his eventual replacement, according to Disney. The Club's take Iger will be the steady hand Disney needs in this critical moment. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Bob Iger, CEO, The Walt Disney Company Scott Mlyn | CNBC
Can Bob Iger fix Disney?
  + stars: | 2022-11-21 | by ( Frank Pallotta | ) edition.cnn.com   time to read: +8 min
But If anyone can bring back the magic to the Walt Disney Company, the company believes Bob Iger may be uniquely qualified to do it. StreamingIn a shocking move, Bob Iger is returning as Disney's CEO. Disney’s streaming service — which includes ESPN+, Hulu and most importantly, Disney+ — had been the most vital part of the company’s vast media kingdom. In its statement reintroducing Iger as CEO, Disney said he was “uniquely situated to lead the company through this pivotal period.”Iger was instrumental in forming the modern Disney. With the media industry in turmoil, Disney hope Iger is up to the tall task of righting its ship.
Disney plans to freeze hiring and cut jobs, memo shows
  + stars: | 2022-11-12 | by ( ) edition.cnn.com   time to read: +3 min
Disney (DIS) is planning to freeze hiring and cut some jobs as it strives to move the Disney (DIS)+ streaming service to profitability against a backdrop of economic uncertainty, according to a memo seen by Reuters on Friday. Chief Executive Bob Chapek sent the memo to Disney’s leaders, saying the company is instituting a targeted hiring freeze and anticipates “some small staff reductions” as it looks to manage costs. Disney has said the fast-growing service added 12 million subscribers in its fiscal fourth quarter but reported an operating loss of nearly $1.5 billion. The company said Disney+ would become profitable in fiscal 2024, with losses having peaked in the quarter. Meta said this week it would cut more than 11,000 jobs, or 13% of its workforce to rein in costs.
Disney plans to freeze hiring and cut some jobs, memo shows
  + stars: | 2022-11-11 | by ( ) www.reuters.com   time to read: +3 min
Nov 11 (Reuters) - Walt Disney Co (DIS.N) is planning to freeze hiring and cut some jobs as it strives to move the Disney+ streaming service to profitability against a backdrop of economic uncertainty, according to a memo seen by Reuters on Friday. Chief Executive Bob Chapek sent the memo to Disney's leaders, saying the company is instituting a targeted hiring freeze and anticipates "some small staff reductions" as it looks to manage costs. Disney has said the fast-growing service added 12 million subscribers in its fiscal fourth quarter but reported an operating loss of nearly $1.5 billion. The company said Disney+ would become profitable in fiscal 2024, with losses having peaked in the quarter. Meta Platforms (META.O) said this week it would cut more than 11,000 jobs, or 13% of its workforce to rein in costs.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with MoffettNathanson's Michael NathansonMichael Nathanson, MoffettNathanson, joins 'TechCheck' to discuss why he was wrong in his estimates for Disney's quarterly earnings, whether Nathanson is calling for peak streaming losses and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCord-cutting and streaming losses came in worse than expected for Disney, says MoffettNathanson's Michael NathansonMichael Nathanson of MoffettNathanson joins 'TechCheck' to discuss why he was so wrong in his estimates for Disney's quarterly earnings, if Nathanson is calling for peak streaming losses and more.
Media experts say forays into ad-based streaming will influence content strategy at Netflix and Disney+. Netflix and Disney+ are readying services with ads to expand their appeal and revenue opportunities amid softening subscriber growth. Netflix's move to add advertising — a reversal of its longtime stance against ads — has been the subject of widespread research. Ultimately, experts predicted, it will take at least a year or two for the influence of advertisers to be felt in the streamers' content mix. Do you work for an entertainment company like Netflix or Disney+?
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe economy is clearly slowing, says MoffettNathanson's Michael NathansonMichael Nathanson, MoffettNathanson founding partner and senior research analyst, joins CNBC's 'Squawk Box' to break down what Alphabet and Microsoft earnings mean for the U.S. economy.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with MoffettNathanson founding partner Michael NathansonMichael Nathanson, MoffettNathanson founding partner and senior research analyst, joins CNBC's 'Squawk Box' to break down what Alphabet and Microsoft earnings mean for the U.S. economy. Nathanson also breaks down how a decline in advertising spending could impact streamers like Netflix and Disney. "Clearly, the economy is slowing," Nathanson tells CNBC.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSocial and video stocks are going to suffer and that's been the story all year, says MoffettNathanson's Michael NathansonMichael Nathanson, MoffettNathanson co-founder and senior managing director, joins 'TechCheck' to discuss whether advertising agencies are seeing clients cutting back on spending, how the discussion needs to go regarding cost cutting and more.
Investors raise skepticism about Netflix's new ad tier
  + stars: | 2022-10-19 | 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 EmailInvestors raise skepticism about Netflix's new ad tierMichael Nathanson, founding partner at Moffett-Nathanson and Barton Crockett, media analyst at Rosenblatt Securities, join 'Squawk on the Street' to discuss concerns around Netflix users downgrading plans, limitations to the Netflix model compared to Disney, and prospects for media earnings.
Netflix is rolling out an ad-supported tier later this year for a reported $7-$9 a month. But some analysts expect the ad tier to cannibalize existing subscribers, particularly in the US and Canada. Netflix's decision to build a cheaper ad tier for its service marks a reversal from the company's longtime stance against advertising. It came as the streamer's stock has tanked, subscriber growth in the key North American market has slowed substantially, layoffs have shaken morale, and Netflix's creative decision-making has become more "fear based," according to insiders. MoffettNathanson isn't the only firm that expects the new ad-supported tier to cannibalize existing subscribers, particularly in the US and Canada.
Media experts say forays into ad-based streaming will influence content strategies at Netflix and Disney+. Netflix and Disney+ are readying services with ads to expand their appeal and revenue opportunities amid softening subscriber growth. Hollywood should pay close attention to what this may mean for selling shows and movies to the entertainment industry's dominant players. Ultimately, experts predicted, it will take at least a year or two for the influence of advertisers to be felt in the streamers' content mix. Do you work for an entertainment company like Netflix or Disney+?
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