Entertainment Earnings, More Record Highs
Thursday brought another record close for the Dow, S&P 500, and the Dow transport, and two big names out with quarterly results after the bell.
Walt Disney (NYSE:DIS) posting earnings per share in line with estimates - revenues coming in slightly better than expected. Still, the stock was down slightly in after hours
The entertainment giant is expected to release its newest star wars film ‘The Force Awakens" around December of next year, and also announced it would begin direction on ‘Toy Story 4’ in 2017.
Zynga (NYSE:ZNGA) was a big winner in after-hours trading after beating revenue estimates and posting EPS in-line with expectations. The game company also reaffirmed its full year outlook.
Meanwhile, Nike terminated its contract with Minnesota Vikings running back Adrian Peterson after he pleaded no contest related to domestic child abuse
If you're wondering how to play this post-election market - then listen up:
I was joined by two Washington insiders who shared their top ideas on how you can profit from the GOP win. Greg Valliere of the Potomac Research Group told me you should ditch the alternative energy sector - and instead pile into the defensive plays which will soar under the new congress.
AOL shares were up more than 175% in the past three years – the company’s CEO and chairman Tim Armstrong joined me to talk about the growth of AOL- owned Huffington Post and its digital channel "Huff Post Live." When questioned on a potential Yahoo- AOL merger rumor ... Armstrong neither confirmed nor denied the possibility.
Friday, we'll be watching the October jobs report - economists are expecting the unemployment rate to stay at 5.9%.