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Market participants are looking for a fourth-straight “up” week today, as the final trading day sees futures up across all major American indexes. It does not appear equities trading is factoring in anything like a tax bill failure to passage, regardless of headlines concerning Florida Senator Marco Rubio to the contrary.
21st Century Fox (FOXA - Free Report) looks to have a good start to the weekend, with not only a $52.4 billion buyout deal on the table from Disney (DIS - Free Report) but a new Star Wars movie, “Star Wars: The Last Jedi,” hitting theatres today around the world. Some calculate this — reportedly the most favorably-reviewed Star Wars epic since “The Empire Strikes Back” — to be one of the strongest grossing films of all time, right out of the gate.
The film, budgeted at an ungodly $200 million, also looks to foster a gigantic merchandising industry, which may bring a cool $3 billion in Star Wars-related products alone. And because the Disney deal is unlikely to take place soon — the companies themselves self-imposed a 12-18 month span — Fox shareholders should reap the rewards in the meantime.
Escape to Earnings Island
Each quarter, there is a strange bit of business where a few key names in the S&P 500 report quarterly earnings — outside the heavy traffic of “official” earnings season — and yesterday after the closing bell was one of those days:
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Image: Bigstock
Escape to Earnings Island
Friday, December 15, 2017
Market participants are looking for a fourth-straight “up” week today, as the final trading day sees futures up across all major American indexes. It does not appear equities trading is factoring in anything like a tax bill failure to passage, regardless of headlines concerning Florida Senator Marco Rubio to the contrary.
21st Century Fox (FOXA - Free Report) looks to have a good start to the weekend, with not only a $52.4 billion buyout deal on the table from Disney (DIS - Free Report) but a new Star Wars movie, “Star Wars: The Last Jedi,” hitting theatres today around the world. Some calculate this — reportedly the most favorably-reviewed Star Wars epic since “The Empire Strikes Back” — to be one of the strongest grossing films of all time, right out of the gate.
The film, budgeted at an ungodly $200 million, also looks to foster a gigantic merchandising industry, which may bring a cool $3 billion in Star Wars-related products alone. And because the Disney deal is unlikely to take place soon — the companies themselves self-imposed a 12-18 month span — Fox shareholders should reap the rewards in the meantime.
Escape to Earnings Island
Each quarter, there is a strange bit of business where a few key names in the S&P 500 report quarterly earnings — outside the heavy traffic of “official” earnings season — and yesterday after the closing bell was one of those days:
Although Oracle (ORCL - Free Report) beat earnings in its fiscal Q2 2018, weaker-than-expected results from its cloud business has helped sell off Oracle shares in the pre-market roughly 5% at this hour. For more info on ORCL’s earnings release, click here.
Zacks Rank #2 (Buy)-rated Adobe Systems (ADBE - Free Report) beat estimates and raised guidance, on strength in its Digital Media Solutions business, which rose 29% year over year. For more info on ADBE’s earnings release, click here.
Costco’s (COST - Free Report) fiscal Q1 2018 kicked off the new term on the right foot, topping earnings estimates by a penny on better-than-expected sales in the quarter. Revenues grew more than 13% year over year. For more info on COST’s earnings release, click here.
Mark Vickery
Senior Editor
Questions or comments about this article and/or its author? Click here>>
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While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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