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The Zacks Stocks in the News Blog Highlights: 2016 Election, Wall Street, Gun Stocks, Nvidia, Disney
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For Immediate Release
Chicago, IL—November 11, 2016—Zacks.com looks back on the hottest stories of the week featured in the Stocks in the News blog, where analysts and writers discuss the latest news and events impacting stocks, the financial markets, and the greater investing world.
Here are highlights from this week’s Stocks in the News blog:
When the United States—really, the entire world—came to the realization that Donald Trump would become the 45th president of the United States, investors hastily reacted, sending the Dow down 800 points at one point Tuesday evening. Investors were selling stocks, oil, and currencies like the peso and dollar.
But as the night wore on, the markets made their way back to more comfortable numbers. At about midday Wednesday, the S&P 500 was up 0.68%, the Dow up was up 0.75%, and the Nasdaq was up 0.70%. Gold and silver were in the green, increasing 0.98% and 2.05%, respectively, but crude oil fell about 0.4% to $45.42 a barrel.
On Thursday, shares of gun makers were still slumping after Donald Trump’s stunning presidential victory earlier this week. While many sectors rallied in the wake of the Republican candidate’s win, others, like guns, saw investor hesitation take effect almost immediately.
Both Sturm Ruger & Co. (RGR - Free Report) and Smith & Wesson took huge hits this week, down double digit percentage points. Analysts and investors think that with a Trump presidency, potential gun buyers are more confident in the protection of gun-carry laws, and the desire to rush out and buy a firearm has settled down, leading to a drop in stock price.
Nvidia Corp. (NVDA - Free Report) released its third quarter fiscal 2017 financial results on Thursday, posting GAAP earnings of 83 cents per share and revenues of $2.00 billion, both record numbers for the company. Nvidia also reported record GAAP gross margin at 59% and non-GAAP gross margin at 59.2%.
Looking ahead to Q4, revenue is expected to be $2.10 billion, plus or minus 2%. GAAP and non-GAAP gross margins are expected to be 59% and 59.2%, respectively, plus or minus 50 basis points.
Disney (DIS - Free Report) Misses Earnings and Revenue Estimates, ESPN Sheds Subscribers
Also on Thursday, media giant The Walt Disney Co. (DIS - Free Report) released its fourth quarter earnings results, posting earnings of $1.10 per share and revenue of $13.52 billion.Both its top and bottom line missed estimates.
Media Networks revenue fell 3% to $5.658 billion. This was pushed by a 7% drop in cable networks revenue, which fell to $3.9 billion. The company stayed silent on specific ESPN numbers, but it did mention that a “decline in subscribers” for the channel contributed to lower revenue. Studio Entertainment revenue grew 2% to $1.811 billion, while Parks and Resorts revenue grew 1% to $4.386 billion.
Learn More About Zacks’ Investment Ideas
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus, you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
Interested in personal finance? Zacks’ “Money Sense” e-mail newsletter is designed to bring you strategies and valuable information that can help you take control of your personal finances, as well as how to get the most out of your money. It covers a range of topics, from retirement planning to money management solutions. Subscribe to the free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Stocks in the News Blog Highlights: 2016 Election, Wall Street, Gun Stocks, Nvidia, Disney
For Immediate Release
Chicago, IL—November 11, 2016—Zacks.com looks back on the hottest stories of the week featured in the Stocks in the News blog, where analysts and writers discuss the latest news and events impacting stocks, the financial markets, and the greater investing world.
Here are highlights from this week’s Stocks in the News blog:
Here’s How Wall Street Reacted to Donald Trump’s Victory
When the United States—really, the entire world—came to the realization that Donald Trump would become the 45th president of the United States, investors hastily reacted, sending the Dow down 800 points at one point Tuesday evening. Investors were selling stocks, oil, and currencies like the peso and dollar.
But as the night wore on, the markets made their way back to more comfortable numbers. At about midday Wednesday, the S&P 500 was up 0.68%, the Dow up was up 0.75%, and the Nasdaq was up 0.70%. Gold and silver were in the green, increasing 0.98% and 2.05%, respectively, but crude oil fell about 0.4% to $45.42 a barrel.
Two Days After Trump’s Victory, Gun Stocks are Still Slumping
On Thursday, shares of gun makers were still slumping after Donald Trump’s stunning presidential victory earlier this week. While many sectors rallied in the wake of the Republican candidate’s win, others, like guns, saw investor hesitation take effect almost immediately.
Both Sturm Ruger & Co. (RGR - Free Report) and Smith & Wesson took huge hits this week, down double digit percentage points. Analysts and investors think that with a Trump presidency, potential gun buyers are more confident in the protection of gun-carry laws, and the desire to rush out and buy a firearm has settled down, leading to a drop in stock price.
Nvidia Soars 13% on Record Q3 Earnings, Revenue, Margins
Nvidia Corp. (NVDA - Free Report) released its third quarter fiscal 2017 financial results on Thursday, posting GAAP earnings of 83 cents per share and revenues of $2.00 billion, both record numbers for the company. Nvidia also reported record GAAP gross margin at 59% and non-GAAP gross margin at 59.2%.
Looking ahead to Q4, revenue is expected to be $2.10 billion, plus or minus 2%. GAAP and non-GAAP gross margins are expected to be 59% and 59.2%, respectively, plus or minus 50 basis points.
Disney (DIS - Free Report) Misses Earnings and Revenue Estimates, ESPN Sheds Subscribers
Also on Thursday, media giant The Walt Disney Co. (DIS - Free Report) released its fourth quarter earnings results, posting earnings of $1.10 per share and revenue of $13.52 billion.Both its top and bottom line missed estimates.
Media Networks revenue fell 3% to $5.658 billion. This was pushed by a 7% drop in cable networks revenue, which fell to $3.9 billion. The company stayed silent on specific ESPN numbers, but it did mention that a “decline in subscribers” for the channel contributed to lower revenue. Studio Entertainment revenue grew 2% to $1.811 billion, while Parks and Resorts revenue grew 1% to $4.386 billion.
Learn More About Zacks’ Investment Ideas
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus, you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
Interested in personal finance? Zacks’ “Money Sense” e-mail newsletter is designed to bring you strategies and valuable information that can help you take control of your personal finances, as well as how to get the most out of your money. It covers a range of topics, from retirement planning to money management solutions. Subscribe to the free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.