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Several companies appear oversold this week and could be due for a rebound after a wild week on Wall Street. Stocks with a 14-day RSI reading below 30 often indicate that it's oversold, with a potential rebound possible ahead for the company's shares. Here are some of the most oversold names: Dexcom is the most oversold stock of the list, with a 14-day RSI of 11.6%. Wells Fargo recently reiterated its overweight rating on Disney and its $136 price target, which implies shares could gain 52.4%. That's driven the stock's RSI to more than 81.
Persons: , Walt Disney, Wells Fargo, we're, Steven Cahall, Wall, Sara Senatore, Senatore, FactSet, LSEG, Myers Squibb, Northrop Organizations: Nasdaq, CNBC, Stock, Entertainment, Walt, Disney, DIS, Media, " Bank of America, Mohawk Industries, RSI, Northrop Grumman, Citizens Financial Group Locations: Bristol
On Tuesday, "Inside Out 2" surpassed $1.46 billion in global ticket sales, making it the highest-grossing animated feature of all time, usurping another Disney title, "Frozen II." The record-breaking box office for "Inside Out 2" comes after a series of theatrical hits and misses from the company, especially from its animated releases. In particular, Pixar has suffered at the box office in the wake of the Covid-19 pandemic. Of note, Disney does not consider its 2019 "The Lion King" to be an animated feature despite nearly the entire film being computer animated. Otherwise, it would be the highest-grossing animated feature, as it collected more than $1.6 billion during its theatrical run.
Persons: Amy Poehler, Maya Hawke, Joy Organizations: Disney, Pixar, Walt Disney Animation Locations: Disney, Japan
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The S & P 500 edged slightly higher Tuesday as investors awaited quarterly earnings releases after the close from influential tech companies. This follows CNBC-parent Comcast's quarterly earnings on Tuesday, which missed revenue estimates due to weakness in theme parks and film studios. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, Danaher, that's, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Dow Jones, Google, YouTube, NFL, Walt Disney, Club, Disney
Thousands of Disneyland workers vote to authorize a strike
  + stars: | 2024-07-20 | by ( ) www.cnbc.com   time to read: +1 min
People walk toward an entrance to Disneyland on April 24, 2023 in Anaheim, California. Four unions representing more than 14,000 workers at Disney's theme parks and resort properties in Southern California announced late Friday that members have voted to authorize a strike, citing alleged unfair labor practices during contract negotiations. The thousands of workers at Disneyland, Disney California Adventure, the Downtown Disney retail district and Disney-owned hotels authorized a walkout, the unions announced. If a strike does occur, it would be the first at Disneyland in 40 years. The unions said there was "a 99% membership vote in favor of authorizing their Disney Workers Rising bargaining committee to call for an unfair labor practice strike."
Organizations: Disney, Downtown Disney, Disneyland, Disney Workers, Disney Workers Rising, Walt Disney Company Locations: Anaheim , California, Southern California, Disney California
Carol Burnett shares time capsule tribute to Bob Newhart
  + stars: | 2024-07-19 | by ( Dan Heching | ) edition.cnn.com   time to read: +7 min
Sid Avery/MPTV/Reuters Newhart poses as an addled accountant at an adding machine for a promotional photo of "The Bob Newhart Show." Allan Grant/The LIFE Picture Collection/Getty Images Newhart appears in a supermarket sketch during an episode of "The Bob Newhart Show" in 1961. Herb Ball/NBCU Photo Bank/Getty Images Newhart performs on the set of "The Bob Newhart Show." CBS/Getty Images Newhart counsels a clown about his problems in a 1972 episode of "The Bob Newhart Show." Walt Disney Television/Getty Images Newhart takes direction from Dick Martin, right, during a scene for "The Bob Newhart Show" in 1977.
Persons: Bob Newhart, Carol Burnett, , Bob, ” Burnett, Newhart, Jon Favreau, “ Bob Newhart, ” Favreau, , Johnny Galecki, Mayim Bialik, ” Bob Newhart, Alex Welsh, Nat, King, Cole, Frank Sinatra, Harry Belafonte, Michael Ochs, Ed Sullivan, Sid Avery, MPTV, Reuters Newhart, Allan Grant, Herb Ball, Julian Wasser, Norman Fell, Johnny Carson, Frank Carroll, Bob Hartley, Ed McMahon, Suzanne Pleshette, Emily, Gene Wilder, Dick Martin, Ginnie, Robert, Timothy, Jennifer, Courtney, Ron Galella, Dick Loudon, Will Ferrell, Spencer Green, Conan O'Brien, Paul Drinkwater, NBCU, Bill Nye, Monty Brinton, Scott Kirkland, Emma McIntyre, ” Newhart, Paul Feig, ” Feig Organizations: CNN, New York Times, Michael Ochs Archives, CBS, Reuters, Bank, Getty, Paramount Pictures, NBCU, Hulton, Bettmann, Walt Disney Television, Everett, Academy of Television Arts & Sciences, Newhart, Hollywood Locations: , Los Angeles, Chicago, Cypress Gardens , Florida, Vermont
CNN —Angel City FC (ACFC) will become the most valuable women’s professional sports team in the world, the club announced Wednesday. Angel City FC plays in the National Women’s Soccer League (NWSL) – the top division of women’s soccer in the US. “ACFC and these incredible athletes have already had a tremendous impact on the NWSL, women’s soccer, and the Los Angeles community. “With this investment of resources and capital, we hope to accelerate the growth of the Club and the NWSL. There are 56 NWSL players on Olympic rosters – including Angel City FC defender and New Zealand captain Ali Riley.
Persons: Bob Iger, ACFC, Bay, “ ACFC, Angel City, , Jessica Berman, ” Berman, Willow, Bob, , Ali Riley Organizations: CNN, Angel City FC, USC Annenberg School for Communication, Journalism, Walt Disney Company, National Women’s Soccer League, Club, NWSL, of Governors, New Zealand Locations: Willow, Los Angeles, Willow Bay, Paris
Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Costco : While Costco gets nearly 7% of its sales from China, Jim said it's unlikely its business would be threatened by geopolitics given the company's popularity in the country. Constellation Brands : There's no doubt that the Modelo and Corona parent is a less attractive stock under Trump compared with Biden. 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.
Persons: Jim Cramer's, Jim, Donald Trump, Abbott's, Reckitt Benckiser, we're, there's, it's, Biden, Dupont, Trump, Walt Disney, Nelson Peltz, Jim said, Estee Lauder, Eaton, Honeywell's, Washington that's, Eli Lilly, Roche, Eli Lilly's, Lilly, Sen, J.D, Vance of, Morgan Stanley, ChatGPT, chipmaker, Laxman Narasimhan, Stanley Black, Decker, rightsizing, Wells, Wynn, he's, Jim Cramer, Brendan McDermid Organizations: Jim Cramer's Charitable Trust, CNBC, Trump, Abbott Laboratories, AMD, Broadcom, VMWare, Costco, Coterra Energy, White, Bloomberg, Federal, Motors, Ford, GE Healthcare, Big Tech, Honeywell, Air Products, Linde, Meta, Microsoft, Investors, OpenAI, Republican, Palo Alto Networks, Palo, Procter & Gamble, Biden, Constellation Brands, Modelo, The, TJX, Wynn Resorts, Club, Jim Cramer's Charitable, Traders, New York Stock Exchange Locations: China, Dover, U.S, Washington, Vance of Ohio, Meta, Taiwan, Israel, Gaza, Corona, Wells Fargo, Macau, New York City
Bob Iger is now a controlling owner of the Los Angeles-based Angel City FC. Iger and his wife, Willow Bay, reached a deal with the soccer franchise worth $250 million. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBob Iger and Willow Bay are the new majority owners of Angel City FC. The deal makes Angel City FC the most valuable women's sports team in the world, and the couple plan to invest an extra $50 million into the club.
Persons: Bob Iger, Willow, Organizations: Los, Angel City FC, Iger, Service, Walt Disney Co, USC Annenberg School for Communication, Journalism, Business Locations: Los Angeles, Willow Bay, Willow
Willow Bay and Bob Iger will take a controlling stake in Angel City Football Club, the world's most valuable women's professional sports team. On Wednesday, Angel City of the National Women's Soccer League announced the couple had agreed to an investment of an undisclosed amount that values the team at $250 million. The club said Bay and Iger will invest an additional $50 million in the club's future growth. Bay will serve on and have full control of the Angel City FC board, the team said. Last year, Angel City FC generated the highest revenue of any women's team in the world.
Persons: Bob Iger, Willow Organizations: Walt Disney Co, Allen & Company Sun Valley Conference, Angel City Football Club, National Women's Soccer League, Angel City FC, ACFC Locations: Sun Valley , Idaho, Willow, Angel City
Joe Biden is still standing, refusing to bow out — he reiterated that once again in a lengthy and mostly successful news conference on Thursday night. Some may view it as selfish and irresponsible. Some may even see it as dangerous. But I see it as remarkable. Despite sending a clear message — in his recent flurry of interviews and rallies, in his stalwart address this week to members of the NATO alliance and in his letter on Monday to congressional Democrats, in which he assured them that “I wouldn’t be running again if I did not absolutely believe I was the best person to beat Donald Trump in 2024” — there’s still a slow drumbeat from luminaries, donors and elected officials trying to write Biden’s political obituary.
Persons: Joe Biden, , Donald Trump, Ari Emanuel, Rahm Emanuel, Biden “, Stephen King, ” Abigail Disney, Walt Disney, , Biden Organizations: NATO Locations: Japan
CNN —Shelley Duvall, best known for her roles in “The Shining” and several acclaimed Robert Altman films, has died, according to reports, citing a family spokesperson and her longtime partner. Duvall died in her sleep at their home in Blanco, Texas of complications of diabetes, Dan Gilroy, her life partner of more than 30 years, told The Hollywood Reporter. She returned to screens and in 2023 for the horror film “The Forrest Hills.”“I wanted to act again. And then this guy kept calling, and so I wound up doing it,” Duvall quipped in her interview with the Times. “If you ever do a horror film, other horror films are going to come to you, no matter what you do.”
Persons: CNN — Shelley Duvall, Robert Altman, Duvall, Dan Gilroy, ” Gilroy, Shelley, , Jack Nicholson, Robin Williams, Altman, “ Brewster, ” Shelley Duvall, Warner, Shutterstock Duvall, Hall ”, “ McCabe, Miller, Shelley Duvall, Williams, , Phil, Walt, hadn’t, it’s, Gilroy, ” Duvall Organizations: CNN, Hollywood, Warner Bros, Hawk Films, , Cannes, Boca Raton, Walt Disney, Paramount, New York Times, Times Locations: Blanco , Texas, , Texas, Forrest
Tokyo Disneyland's owner, Oriental Land, will invest $2 billion to bring Disney cruises to Japan. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTokyo Disneyland's owner is doubling down on the Disney magic with a new investment in cruises. Oriental Land, which owns and operates Disney Resorts in Tokyo, said on Tuesday it will invest $2 billion to launch Disney cruises in Japan.
Persons: Organizations: Disney, Service, Disney Resorts, Walt Disney Company, Business Locations: Tokyo, Oriental, Japan
Read previewPresident Joe Biden canceled an early evening meeting with the German chancellor Olaf Scholz at the last minute because he had to go to bed, according to a report by The Wall Street Journal. According to the report, the chancellor and his aides were surprised by Biden's absence and Blinken's appearance. Related storiesThe Journal report said that the White House has consistently reduced Biden's daily schedule and shielded him from impromptu meetings. AdvertisementBoth CNN and The New York Times have reported that Biden told governors he needed to get more sleep and stop holding events after 8 p.m. The White House has not responded to these claims.
Persons: , Joe Biden, Olaf Scholz, Antony Blinken, Biden, Axios, Donald Trump, ABC's George Stephanopolous, Abigail Disney, Walt Disney's grandniece Organizations: Service, Wall Street, Business, State Department, White, CNN, The New York Times, Democratic, Senate Foreign Relations, Trump, Alliance, Biden Locations: Germany, Ukraine, China, Russia, Washington
President Joe Biden is facing an uprising from some his own party's wealthy donors, including an heiress to the Disney family fortune, who say they will no longer fund the Democratic Party until Biden drops out of the presidential race following his disastrous debate performance. The president has said he has no plans to withdraw from the race, despite calls for him to do so. "I intend to stop any contributions to the party unless and until they replace Biden at the top of the ticket. Disney pointed to Vice President Kamala Harris as a solid alternative to Biden, arguing she'd be able to defeat Trump. Jurvetson is among the top 50 donors this cycle across the country, donating over $5 million to Democrats, according to OpenSecrets.
Persons: Joe Biden, Donald Trump's, Disney, Biden, Abigail Disney, Roy O, Donald Trump, Lloyd Doggett, Jane Fonda, Kamala Harris, she'd, quibbling, Gideon Stein, he's, Stein, I've, Karla Jurvetson, Jurvetson Organizations: U.S, Supreme, Republican, White, Democratic Party, Walt Disney Company, CNBC, Trump, New York Times, Sienna, Representatives, Disney, Biden, Democratic, FEC Locations: Washington , U.S, Texas
Amy Poehler and Maya Hawke voice Joy and Anxiety, respectively, in Disney and Pixar's "Inside Out 2." The animated feature has tallied $1.014 billion worldwide as of Sunday, making it the highest-grossing film of 2024 and the first film since Warner Bros.′ "Barbie" to top $1 billion at the global box office. A once prolifically successful studio, Pixar has suffered at the box office in the wake of the pandemic. As a result, before "Inside Out 2," no Disney animated feature from Pixar or its Walt Disney Animation studio had generated more than $480 million at the global box office since 2019. "Inside Out 2" has also showcased how vital the family audience is to the box office.
Persons: Amy Poehler, Maya Hawke, Joy, Disney's, Michael O'Leary, Mario Organizations: Warner Bros, National Association of Theatre, Pixar, Disney, Walt Disney Animation, Mario Bros, Comcast, CNBC Locations: Disney, EntTelligence, NBCUniversal
Here's a rapid-fire update on all 33 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Best Buy : Jim said Best Buy's pullback in recent days has created a buying opportunity in the electronics retailer. Salesforce : The stock has in recent weeks clawed back some of its post-earnings plunge , even before Thursday's 6% surge. Wynn Resorts : Wynn is another stock in the portfolio that, it's become increasingly clear, trades based on its exposure to China. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer's, Jim, Wall, Abbott, Johnson, We're, haven't, it's, Walt Disney, Estee Lauder, levered, Eli Lilly, Lilly, Morgan Stanley, Goldman Sachs, OpenAI, Jensen Huang, Nikesh Arora's, Stanley Black, Decker, TJX, We've, Wells, Charlie Scharf poaches, Wynn, Jim Cramer, Michael M Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Abbott Laboratories, Prime, Web, Broadcom, VMWare, Costco Wholesale, Costco, Coterra Energy, DuPont, Walt, Disney, Nvidia, Ford Motor, Ford, Blue, Motors, GE Healthcare, GE, Management, Honeywell, Linde, Microsoft, Palo Alto Networks, Procter & Gamble, Constellation Brands, Modelo, Corona, Fed, TJX, JPMorgan, Wynn Resorts, Wynn, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: China, Covid, Dover, Eaton, Palo Alto, U.S, Wells Fargo, Las Vegas
Disney World is replacing its Genie+ service and individual Lightning Lane entry pass. Guests can use the Lightning Lane Multi Pass and Lightning Lane Single Pass starting July 24. AdvertisementWalt Disney World will allow guests to make ride reservations a week in advance — but there's a catch. "Walt Disney World will introduce new, simpler names to provide more clarity for everyone," a press release published Tuesday read. "Disney Genie+ service will become Lightning Lane Multi Pass, while individual Lightning Lane will now be known as Lightning Lane Single Pass."
Persons: Lightning, Lane, Organizations: Disney, Service, Walt Disney, Disney Parks Blog, Lightning, Business Locations: Florida
Here are the stocks making headlines before Wall Street's opening bell on Tuesday. SolarEdge Technologies — The green energy stock fell more than 17% after announcing a new debt offering. SolarEdge said it will offer $300 million worth of convertible notes, due 2029. Pool Corp — Shares sank 12.4% after the wholesale pool supplies distributor revised full-year earnings guidance postmarket Monday. Enerpac Tool Group — The industrial supplies stock fell more than 9% after reporting sales declined year over year in the fiscal third quarter.
Persons: Wall, SolarEdge, Raymond James, Walt Disney — Goldman Sachs, , Alex Harring, Michelle Fox Theobald, Sarah Min Organizations: SolarEdge Technologies, Leslie's Inc, JPMorgan, Penn Entertainment, Disney, Microsoft, Xbox, Airbus — Locations: Singapore, France
Disney picked up an endorsement from a top Wall Street firm — but Jim Cramer said the analysts' reasons to buy are not enough to drive the stock higher. Goldman Sachs initiated coverage of Disney with a buy rating and $125-per-share price target, implying more than 22% upside from where the stock closed Monday. In addition to recommending Disney, analysts started coverage of Fox and Comcast , the parent company of CNBC, with buy ratings. The firm sees Disney as the best-positioned rival to streaming leader Netflix and predicted steady progress on profitability ahead. A sign welcomes visitors near an entrance to Walt Disney World on February 01, 2024, in Orlando, Florida.
Persons: Jim Cramer, Goldman Sachs, Jim, Goldman, Nelson Peltz's, we're, Bob Iger's, We're, hasn't, Jim Cramer's, Joe Raedle Organizations: Disney, ESPN, , Fox, Comcast, CNBC, Hulu, Sports, Entertainment, Netflix, Walt Disney World, Getty Locations: Orlando , Florida
Netflix wants to be Disney when it grows up
  + stars: | 2024-06-24 | by ( Lauren Edmonds | ) www.businessinsider.com   time to read: +6 min
The company will unveil its first Netflix House venues in 2025 at two US-based malls: King of Prussia and Galleria Dallas. "We've launched more than 50 experiences in 25 cities, and Netflix House represents the next generation of our distinctive offerings. At a 2019 conference, former Disney CEO Reed Hastings said that Netflix admired Disney. Advertisement"Think of Hollywood Studios," McCoy said, referring to the Walt Disney World theme park. Netflix House and then Netflix World?
Persons: , of Prussia, We've, Marian Lee, Joe Burbank, Reed Hastings, playbook, Steinberg, Ericka McCoy, there's, King of Prussia, McCoy, Matt Voda, Voda, it's Organizations: Service, Netflix, Galleria Dallas, Business, Walt Disney Company, Walt Disney, Orlando Sentinel, Tribune, Getty, Disney, Zeta Global, . Orlando Sentinel, Sears, Hollywood Studios, Hollywood Studios . Orlando Sentinel, OptiMine Locations: California, Magic, Florida, Lycoming Mall, Pennsylvania
Disney and Pixar's "Inside Out 2" could be the first film since Warner Bros.' "Barbie" to top $1 billion at the global box office. "Inside Out 2" has yet to open in Japan, which contributed nearly $33 million to the $850.5 million global total of the first film in 2015. Before "Inside Out 2," no Disney animated feature from Pixar or Walt Disney Animation had generated more than $480 million at the global box office since 2019. "'Inside Out 2's' performance is the culmination of many things," said Shawn Robbins, founder and owner of Box Office Theory. Last year, that audience came out in droves for Universal's "The Super Mario Bros. Movie," which generated more than $1.36 billion at the global box office.
Persons: Phyllis Smith, Amy Poehler, Paul Dergarabedian, Shawn Robbins, Mario, Robbins, NBCUniversal Organizations: Disney, Warner Bros, Pixar, Walt Disney Animation, Force, Mario Bros, Comcast, CNBC Locations: Japan, NBCUniversal
Dividend payouts hit a record high during the first quarter of 2024. Below are 14 names with the highest yields among buy-rated stocks, according to TipRanks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Amid rising profits, US companies paid a record $164.3 billion in dividends to shareholders in the first quarter, according to the Janus Henderson Global Dividend Index. And there's more to come: S&P 500 companies are forecast to increase dividend payments by 6% this year, a step up from the 5.1% growth last year, according to S&P Dow Jones Indices.
Persons: , you've, Janus Henderson, Walt Disney, Dow Organizations: Service, Meta, Mobile, Dow Jones, Business
For a Story on Disney, a Writer Tests New Waters
  + stars: | 2024-06-19 | by ( Brooks Barnes | ) www.nytimes.com   time to read: +1 min
Times Insider explains who we are and what we do and delivers behind-the-scenes insights into how our journalism comes together. I suppose I qualify as a Disney Adult, the pejorative term for grown-ups who visit Disney theme parks without children in tow. Disney has 12 theme parks and two water parks around the world, and I’ve been to all of them. I was at Walt Disney World in Florida when the theme park reopened in July 2020 after closing for four months during the coronavirus pandemic. And this month, when Disney World began testing its newest ride, Tiana’s Bayou Adventure, I was on it.
Persons: I’ve, Mickey Mouse Organizations: Disney, Walt Disney Locations: Florida, California, Turkey
Business Insider spoke with former Disney World employees about their favorite places to eat on the property. AdvertisementFlame Tree Barbecue at Animal Kingdom is a must-tryFor former Magic Kingdom employee Kaitlyn Cahalen, Flame Tree Barbecue is the main Animal Kingdom restaurant she frequents. Jenna ClarkIf you're traveling to Disney World with picky eaters, Roundup Rodeo BBQ in Toy Story Land at Hollywood Studios can be a lifesaver. AdvertisementKalyn Breisch, a former Disney College Program participant who worked at Epcot, told Business Insider that she can be picky. First, because it's always delicious, and second because it reminds me of very happy memories of when my parents came to Disney World."
Persons: , Kaitlyn Cahalen, Jenna Clark, Kalyn, Le Cellier, Josie Maida Aguirre, Matt Stroshane, Walt, Joyce Wingate Boyden, Wingate Boyden, Breisch, Brown, Carly Caramanna, Hollywood Brown Organizations: Service, Business, Disney, Magic, Kingdom, Hollywood Studios, Disney College, Epcot, Disney World, Walt Disney, Vine, Hollywood Brown Derby, Brown Derby, Hollywood Locations: Animal Kingdom, Canada, Magic, California
CNN —Two employees are suing the Walt Disney Company, saying the company moved their jobs from California to Florida, only for Disney to cancel the project and move them back, hurting them financially and emotionally. But in May 2023, after CEO Bob Iger returned, the company canceled the $1 billion Lake Nona office complex amid a legal and political battle with Republican Gov. The plaintiffs, Maria De La Cruz and George Fong, both work for Disney’s product design division. The complaint alleges that Disney misrepresented and concealed its true plans for the Lake Nona project, hurting – financially and otherwise – at least 250 employees who had made the move from California to Florida. De La Cruz, Mr. Fong and many others dutifully moved to Florida because they love their jobs, they love the people they work with, and they love Disney,” Attorney Jason Lohr said.
Persons: They’re, Bob Chapek, Bob Iger, Ron DeSantis, Maria De La Cruz, George Fong, De La Cruz, Fong, Lohr Ripamonti, Disney, , Disney “, De, Ms, Jason Lohr Organizations: CNN, Walt Disney Company, Disney, Republican Gov, Lohr, Superior Court of, Lake, Florida Locations: California, Florida, Nona, Superior Court of Los Angeles, De La, Southern California, Central Florida
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