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Brian Williams is close to a deal with Amazon to host an election-night special on Prime Video. These people were granted anonymity to speak freely about private deal talks. AdvertisementThe people close to the deal talks rebuffed the idea that Amazon would build its own news operation, however. Amazon this year turned on ads in Prime Video, gunning for the nearly $70 billion in annual TV ad spending. "It fits in with their interest in disruptions and amassing big audiences," the second person close to the deal talks said.
Persons: Brian Williams, , gunning, Mike Hopkins, Albert Cheng, Hopkins, Jonathan Wald, Williams, Don Lemon, it's, Ted Sarandos, Jon Stewart, Stewart, Apple Organizations: Amazon, NFL, Service, Business, Variety, CNN, Amazon MGM Studios, MSNBC, CAA, NBC News, ABC News, Tech, Netflix, Apple, NBC Locations: LA
Amazon’s election coverage plan engendered lots of TV industry chatter when it was first reported by Puck and Variety over the weekend. The notion of a Big Tech heavyweight distributing its own election night TV show would have been hard to imagine a decade ago. Williams, 65, is a product of broadcast TV who led NBC’s election night coverage in 2008 and 2012. The Amazon election event – which has yet to be named – will be his first major project since signing off MSNBC three years ago. If election night morphs into something like election week, as it did in 2020, it remains to be determined whether Amazon’s live coverage would continue.
Persons: Brian Williams, Williams, Puck, Jeff Bezos, , Amazon, Jonathan Wald Organizations: New, New York CNN, Amazon, Thursday Night, NBC News, MSNBC, Amazon’s, CNN, ABC, CBS, Variety, Netflix, Warner Bros Discovery, Hulu, Disney, Academy of Country, NBA, Big Tech, NBC, Amazon MGM Studios, Networks Locations: New York, Los Angeles, Washington
Deutsche Bank reinstated Dell Technologies as a buy, calling for nearly 14% upside. 7:04 a.m.: Citi says Walmart remains a top pick, hikes price target Walmart is poised for more growth ahead, according to Citi. The firm upgraded the stock to overweight from neutral and raised its price target by $66 to $395. WYNN mountain 2024-08-30 WYNN month to date — Sean Conlon 5:49 a.m.: Deutsche Bank reinstates Dell Technologies as buy The stars are aligning for Dell Technologies , according to Deutsche Bank. Analyst Matt Niknam resumed coverage of the PC maker with a buy rating and a price target of $144, which implies upside of nearly 14%.
Persons: Morgan Stanley, Paul Lejuez, — Sean Conlon, Piper Sandler, Accenture Piper Sandler, Arvind Ramnani, GenAI, Ramnani, Sean Conlon, Bumble, Justin Patterson, Patterson, Stephen Grambling, WYNN's, they've, Matt Niknam, Niknam, DELL, Fred Imbert Organizations: CNBC, Deutsche Bank, Dell Technologies, Wynn Resorts, Citi, Walmart, Accenture, Markets, Wynn, Las, MGM Resorts, Caesars Entertainment, Deutsche Bank reinstates Dell Technologies, DELL, Dell Locations: Grambling, UAE, WYNN
Megan Park’s “My Old Ass” isn’t the first film to ask whether it would be better to have a warning about what life has in store. Maisy Stella and Aubrey Plaza in "My Old Ass." Amazon MGM Studios“When I was writing ‘The Fallout,’ I was just flabbergasted as a millennial who grew up in Canada. Aubrey Plaza, Maisy Stella and director Megan Park attend the New York screening of "My Old Ass" on Sept. 12. Gesturing to Park and Plaza, she said, “When I read the script, I read it as if I was one of you guys looking back on my life.
Persons: Megan Park’s “, Maisy Stella, Aubrey, Stella, Elliott, Jenna Ortega, it’s, , ’ ”, Maddie Ziegler, Kerrice Brooks, Percy Hynes White, Aubrey Plaza, Megan Park, Steven Ferdman, Nashville ”, , ” Stella, who’s, Mike White’s “, they’ve Organizations: Aubrey Plaza, Sundance, NBC News, MGM Studios, Nashville, Plaza, Recreation, ” Plaza, NBC Locations: Ontario, Canada, America, York, , Stella
FanDuel parent Flutter Entertainment will spend $2.6 billion, or 2.3 billion euros, to acquire Italian gambling company Snaitech from Playtech , adding to a string of deals that aim to boost international growth. Italy is a particularly attractive market for Flutter, as it had about 21 billion euros in gross gaming revenue in 2023. It also acquired Italian lottery and gaming operator Sisal in 2022, and just reported record online market share in Italy in the second quarter. Flutter said Snai had almost 10% market share in Italy last year and nearly 300,000 monthly active users. The new business will be renamed Flutter Brazil, and the deal is expected to close in the second quarter of 2025.
Persons: Snai, Peter Jackson Organizations: New York Stock Exchange, CNBC, NSX Group, Group, MGM Resorts, Grupo Globo, Global Locations: Playtech, Brazil, , Italy, Massachusetts, U.S
Minder said some companies face going out of business if they don't pay the ransom. He said organizations might also pay when cybercriminals take sensitive or proprietary information, such as personally identifiable information, and threaten to release it. Both paying and not paying can be riskyLance said that whether to pay ransom is ultimately up to individual companies. The FBI warns against paying ransom to attackers, as there's no guarantee you'll get your data back. Seeking help is crucialLance said that if you encounter ransomware, "don't try to go at it alone without any experience."
Persons: , Mark Lance, Kurtis Minder, Minder, Lance Organizations: FBI, Service, Google, MGM, Boeing, CDK Global, Caesars, GuidePoint, ransomware, IBM, US Securities and Exchange, cybercriminals Locations: Florida, North Carolina
TV shows face a cutthroat new era
  + stars: | 2024-09-12 | by ( Lucia Moses | ) www.businessinsider.com   time to read: +6 min
To hear agents, lawyers, and producers tell it, the Hollywood they're going back to is more risk-averse than ever. Think of the "Suits LA" spinoff of the USA Networks show that was popularized by Netflix, and shows with big stars attached to them. Even big stars are getting slightedThere's an overall feeling that Hollywood has become too risk-averse. But in the meantime, the dearth of shows being ordered will take its toll on Hollywood. "There's just some people who are not going to be able to survive this dark period," a second lawyer said.
Persons: , it's, ProdPro, David Zaslav, Jennifer Salke, bankable, Elle Fanning, Nicole Kidman, David E, Kelley, Bill Dubuque, Comcast's Peacock, Jake Gyllenhaal, Kathy Bates, There's, Jonathan Glickman Organizations: Service, Hollywood, Netflix, USA Networks, Business, Warner Bros . Discovery, Amazon MGM Studios, Apple, Netflix . Media, Disney, CBS, Industry, Producers, Miramax Locations: Hollywood
Recent reports have said that the US is deciding whether to transfer AGM-158 Joint Air-to-Surface Standoff Missiles, or JASSMs, to Ukraine. These high-profile weapons would give Kyiv a significantly farther strike range than any other Western munitions it has in its arsenal. As is, it still restricts the country from using its powerful US-provided tactical ballistic missiles to strike military targets inside Russia. A US Air Force F-16 before releasing a Joint Air-to-Surface Standoff Missile. With that range, JASSMs would also surpass the range of ground-launched US-provided MGM-140 Army Tactical Missile Systems, also known as ATACMS, which have the longest reach of any munition Washington has sent Kyiv so far.
Persons: , Biden, JASSMs, hasn't, Lockheed Martin, they've, Aaron Hill, Mike Torrealday, Vincent Aiello Organizations: Service, Business, Politico, Reuters, Pentagon, DoD, US Air Force, Squadron, Lockheed, MGM, Tactical Missile Systems, Washington, Kyiv, Aaron, West, Former, Ukraine, Navy, Russia Locations: Ukraine, Russia, Kyiv, Britain, France, Russian, Crimean, Washington, Former American
U.S. adults will wager $35 billion this NFL season, according to projections from the American Gaming Association. Since last NFL season, Maine, North Carolina and Vermont have allowed sports betting operators to launch in their states. "The NFL season is our biggest acquisition period of the year," said Christian Genetski, president of FanDuel, the nation's leading sportsbook. Since then, Fanatics Sportsbook acquired PointsBet's U.S. operations and technology, which is now fully integrated. It first launched in November last year, smack in the middle of NFL season.
Persons: Joe Milton III, Kyu Blu Kelly, Scott Taetsch, Churchill, Christian Genetski, FanDuel, It's, Michael Rubin's, Sportsbook, Pavlo Gonchar, Matt King, King, DraftKings, Penn, Jay Snowden, Gabby Jones Organizations: New England Patriots scrambles, Getty, American Gaming Association, National Football League, NFL, International, Caesars, MGM Resorts, New York Stock Exchange, Rush Street Interactive, FanDuel, YouTube, PointsBet's, Lightrocket, CNBC, Penn Entertainment, ESPN Bet, Disney, ESPN, Bloomberg Locations: Landover , Maryland, Maine, North Carolina, Vermont, Florida, Washington, Penn, Entain, New York
Read previewWarning: Major spoilers ahead for "Blink Twice." "Blink Twice," a new psychological thriller cowritten and directed by Zoë Kravitz, is stuffed with twists and turns. Naomi Ackie as Frida and Adria Arjona as Sarah in "Blink Twice." Just as Stan is about to shoot Frida, Sarah hits him in the head with a massive rock and kills him. "Blink Twice" is in theaters now.
Persons: , Zoë Kravitz, Kravitz's, Naomi Ackie, Frida, Slater King, Channing Tatum, Jess, Alia Shawkat, Slater, Sarah, Adria Arjona, MGM Studios Slater, she's, Stacey, Geena Davis, Arjona, Carlos Somonte, Kyle MacLachlan, Camilla, Liz Caribe, Heather, Trew Mullen, Tom, Haley Joel Osment, Heather clobbers Vic, Christian Slater, Cris Costa, Stan, Cody, Simon Rex, MGM Studios Frida, he's, Vic, Lucas, Levon Hawke, there's, It's, Shawkat, Ackie, Rich, who's, they're, Frida King, Tatum, Kravitz, Lenny Kravitz, Lisa Bonet Organizations: Service, King, Tech, Business, MGM Studios, Amazon MGM, King - Tech Locations: Beijing, Hollywood
Read previewDespite what the title may suggest, "It Ends With Us" is just the first chapter in Colleen Hoover's viral BookTok series. "I think there are better people for that one," Baldoni told Entertainment Tonight at the film's New York premiere when asked about the potential for a sequel. AdvertisementBlake Lively as Lily Bloom and Justin Baldoni as Ryle Kincaid in "It Ends With Us." On the prospect of a sequel, Christy Hall, who adapted the novel for the big screen, told Business Insider that the movie rights may have already been snapped up — by someone else. The book sequel picks up immediately after the end of 'It Ends With Us'The sequel, which was published in 2022, picks up immediately after the final scene from "It Ends With Us."
Persons: , Colleen Hoover's, Blake Lively, Justin Baldoni, Baldoni, Blake Lively's, Lily Bloom, Ryle Kincaid, Lively, Christy Hall, Colleen Hoover, Brandon Sklenar, Atlas Corrigan, Jojo Whilden, Colleen, she's, Hall, I'd, Hoover, Lily, Josh, Verity Organizations: Service, Business, Entertainment, Sony Pictures, Rotten, Hollywood, Variety, Amazon MGM Studios Locations: York, Hollywood
"Beast Games" was part of a celebrity-studded slate Amazon presented at its TV upfronts debut in May. Despite being a dominant spender on entertainment content, Prime Video has faced questions about its popularity with viewers. A second Amazon insider said producers were already talking about making a Fyre Fest-like documentary about "Beast Games." Advertisement"All you do is go through worst-case scenarios and work backwards from there," the second Amazon insider said. But Mike Hopkins, SVP of Prime Video and Amazon MGM Studios, is all over the situation, two Amazon insiders said.
Persons: , Jimmy Donaldson, it's, Jennifer Salke, Jimmy, Salke, Donaldson —, Donaldson, Dave Kotinsky, Burger, Donaldson's, Matthew Hiltzik, couldn't, Puck, Mike Hopkins Organizations: Service, YouTube's, Amazon, Amazon MGM Studios, Business, Beast, New York Times, Times, Prime, Ampere Analysis, Reuters Locations: New Jersey, Vegas
YouTube's biggest creator has been embroiled in a string of recent controversies. Donaldson, 26, has generally avoided the controversies that have felled some of his peers during his 12 years online. AdvertisementBut recently, that's begun to change, with fans and video participants speaking out against the star. "It's going to be a mess," said one Amazon insider, who spoke on the condition of anonymity because they were not authorized to speak publicly about the show. Beyond these new controversies, Donaldson has faced further criticism for an old video clip of him making racist and homophobic comments that has recirculated on social media.
Persons: Jimmy Donaldson, . Donaldson, that's, Donaldson, TikTok, Lauren Anderson, Ava Tyson, Tyson, I've, Ava, Jimmy Organizations: Service, YouTube, Business, New York Times, Beast, Amazon, Amazon Prime, AP News, Amazon MGM Studios, MGM Locations: Toronto
With nearly three-fourths of the S & P 500 reporting second-quarter results, the earnings picture for the back half of the year is looking unusually complicated. It's been a 'meh' quarter so far We have the usual beat on bottom-line earnings, but revenue beats are below expectations. Most companies are beating on earnings estimates but are declining to hike full-year guidance beyond the beat. Plenty of complaints about a slowing China consumer A weak China economy has been a significant headwind for a number of global companies this season. Procter & Gamble's China sales tumbled 8% from a year ago as consumer spending slowed.
Persons: It's, Sherwin, Williams, Lockheed Martin, Chipotle, Isaac, CDW, Clorox, – Hershey, Kraft Heinz, Mondelez, General Mills, Smucker, McDonald's, Wendy's, Bob, Wyndham, Mills, Marriott, LVMH, haven't Organizations: GE Aerospace, Hasbro, Lockheed, Verizon, Mattel, IBM, Juniper Networks, Enphase Energy, NXP Semiconductors, Accenture, Oracle, Procter, Gamble, PepsiCo, ConAgra Brands, Bank of America, MGM Resorts, Comcast, Marriott, Airlines, Allegiant, Ryanair, Gamble's, Starbucks, Visa, Nike, Vegas Sands Locations: J.M, Atlantic City, China, Gamble's China, Greater China, Japan, Macao, Marina, Sands, Singapore
Willing to Die for MrBeast (and $5 Million)
  + stars: | 2024-08-02 | by ( Madison Malone Kircher | ) www.nytimes.com   time to read: +1 min
Better known online as MrBeast, Mr. Donaldson, 26, has made a name for himself as a benevolent YouTube star who has racked up hundreds of millions of subscribers for his provocative brand of philanthropy, like the time he paid for 1,000 people to receive cataract surgery. The resulting eight-minute video was hyperbolically titled “1,000 Blind People See for the First Time.”Extravagant prizes have become his calling card. Usually it comes with a dark twist: Once, he offered a man $10,000 a day for each day he was willing to live in a grocery story without leaving. In his most popular video, “$456,000 Squid Game in Real Life!,” 456 people competed in a game show inspired by the dystopian Netflix drama “Squid Game.” (In the Netflix show, down-and-out contestants play deadly versions of children’s games to win $38 million.) Familiar with MrBeast’s content and with the lengths to which those who appear in his videos must go in order to win, many expected outlandish and even potentially risky challenges.
Persons: Jimmy Donaldson, Donaldson Organizations: Netflix, Amazon MGM, Beast
Hershey — Shares were down 7% in the premarket after the chocolate maker posted second-quarter results that missed analyst expectations. Amazon — Stock in the e-commerce giant were roughly 2% higher ahead of second-quarter results after the closing bell on Thursday. Shake Shack — Shares were up nearly 9% in the premarket after the burger restaurant chain posted its second-quarter results. Shake Shack also raised the lower end of its full-year revenue guidance. MGM Resorts — The casino operator declined 3% despite posting second-quarter results that beat expectations.
Persons: LSEG, Michele Buck, Shack, Meta, Teladoc, Ferrari, Robinson, — CNBC's Hakyung Kim, Yun Li, Michelle Fox, Fred Imbert Organizations: Hershey —, Moderna, Holdings, , MGM Resorts, MGM Locations: U.S, Europe
That's why some classic slowdown stocks in the health care and consumer staples sectors are outperforming versus cyclicals. But with Wynn earnings coming up Tuesday, we'd rather be cautious and downgrade our rating. 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 . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Wells, Stanley Black, Wynn, we've, — Wynn, we'd, We'll, Coterra, FactSet, Jim Cramer's, Jim Organizations: CNBC, Treasury, Federal Reserve, Procter, Gamble, Wynn Resorts, MGM Resorts, MGM, Revenue, Vegas, Coterra Energy, Apple, Intel, Club, Linde, Exxon Mobil, Chevron, Jim Cramer's Charitable Locations: Wells Fargo, Las Vegas, Macau, Vegas, China
Read preview"Road House" director Doug Liman said Amazon didn't pay him "a cent" despite 50 million people watching the action movie starring Jake Gyllenhaal on Prime Video. Road House has become Amazon MGM Studios’ most-watched produced film debut ever on a worldwide basis. In it, he said that the studio originally agreed to give "Road House" a traditional theatrical release, but plans changed. "Forget about the effect on the industry — 50 million people saw 'Road House' — I didn't get a cent, Jake Gyllenhaal didn't get a cent, [producer] Joel Silver didn't get a cent. Cases like "Road House" are part of why the writers' and actors' unions went on strike from May to November last year.
Persons: , Doug Liman, Jake Gyllenhaal, Patrick Swayze, Liman, IndieWire, Jake Gyllenhaal didn't, Joel Silver didn't Organizations: Service, Amazon, Apple, Business, Amazon MGM Studios, MGM
However, it topped second-quarter revenue estimates and posted a narrower-than-expected loss for the quarter. Teladoc — The telehealth stock moved more than 4% lower after the company posted weaker-than-expected second-quarter revenue. Air Products and Chemicals — The industrial gases company's stock surged more than 10% after beating Wall Street's earnings expectations. MGM Resorts — The stock declined nearly 14% despite the casino operator surpassing second-quarter earnings expectations. Crocs — The stock shares fell about 2% even though the company surpassed second-quarter earnings and revenue expectations.
Persons: Shack, C.H, Robinson, Teladoc, LSEG, Royce —, Royce, Wall, Meta, Carvana, Crocs, Akash Palkhiwala, , Samantha Subin, Yun Li, Michelle Fox Organizations: LSEG, Moderna, Royce, Air Products, Chemicals, Meta, MGM Resorts, MGM, Arm, Holdings, Qualcomm Locations: LSEG ., U.S
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. 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 . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.
Persons: Jim Cramer, Russell, there's, Jerome Powell, Powell, Eaton, Becton Dickinson, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Club, Nvidia, Federal Reserve, Microsoft, Arm Holdings, Qualcomm, Lam Research, Western, eBay, MGM Resorts, ConocoPhillips, Dominion Energy, Air Products, Chemicals, Jim Cramer's Charitable Locations: Hershey, Biogen
Meta Platforms topped revenue and earnings expectations for the recent quarter, posting earnings of $5.16 per share on $39.07 billion in revenue. Qualcomm posted adjusted earnings of $2.33 per share on $9.39 billion in adjusted revenue. Arm forecast adjusted earnings ranging between 23 cents and 27 cents per share for the fiscal second quarter , while analysts called for 27 cents, per LSEG. Kyndryl Holdings posted revenue of $3.74 billion, falling short of the $3.79 billion expected by analysts surveyed by LSEG. Adjusted earnings topped estimates, while revenue came up short of the $4.53 billion expected by analysts polled by LSEG.
Persons: Teladoc, LSEG, Etsy, Lam, C.H, Robinson, , Alex Harring, Lisa Han, Jesse Pound, Darla Mercado Organizations: Qualcomm, Arm Holdings, Revenue, Cheesecake Factory, eBay, EBay, Western Digital, Lam Research, MGM Resorts, LSEG, Holdings, IBM, Kyndryl Holdings Locations: FactSet
As for Club earnings, we got positive results from life sciences company Danaher and industrial firm Dover. Ford was a major disappointment and its nearly 20% stock drop for the week was the worst performer in the portfolio. In the week ahead, it's going to be another big week of earnings with the four mega-cap names and 10 other Club names set to report. Linde : We're looking for more of the same — steady earnings growth; 6% is the Street estimate. End market commentary will also help us better formulate our view of the economy — and in turn the stock market.
Persons: Russell, Jerome Powell's, Ford, Stanley Black, Decker, We're, we'll, Elliott, we've, We'll, Kraft Heinz, Vita Coco, COCO, Lam, SIRI, WEN, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: Nasdaq, Dow, Communication, Honeywell, YouTube, Procter & Gamble, Devices, Microsoft, Starbucks, GE Healthcare, DuPont, Meta, Apple, Coterra Energy, Linde, Silo AI, Elliott Management, GE HealthCare, Amazon, Apple Intelligence, U.S, Labor, Fed, Networks, Procter, Gamble, PayPal, Pfizer, BP, JetBlue Airways, Merck, Solar Inc, Caesars Entertainment, Electronic Arts, EA, Nation Entertainment, Boeing, Cruise, Mastercard, Teva Pharmaceutical, Hess Corp, Arm Holdings, Qualcomm, Lam Research, Western, eBay, EBAY, MGM Resorts, MGM, ConocoPhillips, Mobileye, Canada Goose Holdings, Hershey, Toyota, Dominion Energy, Air Products & Chemicals, Southern Company, International, Coterra Energy Intel, Coinbase, Booking Holdings, LIN, Exxon Mobil, Chevron, LyondellBasell Industries, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: Dover, Eaton, Amazon, China, destocking, Corning, New York City
On Friday, the tech-heavy S & P 500 and Nasdaq Composite ended the week with losses, down 0.8% and 2.1%, respectively. However, the bulk of Magnificent Seven results is set for release in the week ahead. As it is, all seven of the Magnificent Seven companies closed out the week with losses. FOMC meeting, July jobs report Elsewhere, investors will also be reviewing the latest Federal Reserve interest rate decision set for release on Wednesday. Traders will also get insight into the labor market next week, with the release of the July jobs report on Friday.
Persons: Russell, Ryan Grabinski, John Belton, Tesla, Belton, FactSet, Stanley Black, Decker, Lam, Kraft Heinz, Ingersoll Rand Organizations: Nasdaq, Dow Jones Industrial, Microsoft, Facebook, Apple, Nvidia, 2H, 3Q, Gabelli, Traders, Dallas Fed, Semiconductor, Nation Entertainment, Electronic Arts, Starbucks, Match Group, Caesars Entertainment, Corning, Howmet Aerospace, Procter, Gamble, Pfizer, Merck, Co, PayPal, ADP, Civilian Workers, Chicago PMI, MGM Resorts International, Allstate, Lam Research, eBay, Qualcomm, Western, Cruise Line Holdings, Hess, Boeing, Mobile, Marriott International, GE Healthcare Technologies, Generac Holdings, Mastercard, Labor, PMI, Manufacturing, Intel, Holdings, Motorola Solutions, Technology, Air Products, Chemicals, Jobs, Exxon Mobil, Chevron Locations: Chicago, Albemarle, Kellanova, Hershey, Moderna
CNBC Pro screened FactSet for companies in the broad-market index that are reporting quarterly results next week and could see potential upside. He also raised his target price by $10 to $230, implying shares could gain nearly 28% from Thursday's close. The analyst consensus price target on FactSet suggests shares could rise 11% over the next year, adding to the stock's 9% gain so far this year. Power management company Eaton , now regarded as an artificial intelligence-tied data center play , is also on the earnings docket next week. Other favored stocks that could see a post-earnings bump next week include Mastercard , MGM Resorts International and S & P Global .
Persons: Brian J, Pitz, Michael Rollins, Eaton, FactSet Organizations: Nasdaq, CNBC, BMO Capital, Google, Telecommunications, Mobile, Wednesday, Citi, Power, Mastercard, MGM Resorts International, P Global Locations: Thursday's
If you ask Zaslav, though, the reason Roberts and other potential buyers of media assets aren't interested is because the government has scared them away. Or, perhaps, legacy media companies are simply undesirable assets to own. He extended the life of his previous company, Discovery Communications — and probably his own tenure running a media company — by merging it with AT&T's WarnerMedia in 2022. Without a deal, Discovery would have wallowed as a subscale content provider and owner of declining cable networks. Discovery with another legacy media company, such as Paramount Global , Fox or Disney , or NBCUniversal, if it were spun off from Comcast.
Persons: David Zaslav, David Grogan, Brian Roberts, " Roberts, Comcast's, Roberts, Zaslav, Shari Redstone, Rob Kindler, Paul, Weiss, they've, Kindler, haven't, Morgan Stanley's, Donald Trump's, There's, Joe Biden's, Simon, Simon & Schuster, JD Vance, Lina Khan's, Lina Khan, Biden, Vance, Kamala Harris Organizations: Allen & Company Sun Valley Conference, CNBC Comcast, Warner Bros, Discovery, Allen & Co, Sun, Paramount, Skydance Media, CNBC Redstone, Starz, AMC Networks, Vice Media, Discovery Communications, NBA, Apple, Paramount Global, Fox, Disney, Comcast, CNBC, Google, Scripps Networks Interactive, Time Warner, Scripps, Viacom, CBS, Sky, AMC, IFC, Sundance, Lionsgate, Media, Republican, Democratic, Donald Trump's Department of Justice, Simon &, Random, MGM, Federal Trade, & $ Locations: Sun Valley , Idaho, RemedyFest
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