The big news on Wall Street Monday morning is a pair of market-moving merger and acquisition headlines. Discovery Communications Inc. (NASDAQ: DISCA) announced a buyout of Scripps Networks Interactive, Inc. (SNI) for $14.6 billion.
Tobacco stocks got smoked after the FDA caught investors off guard by announcing a new initiative aimed at reducing tobacco-related disease and death in the U.S.
Oil giants Chevron Corp. (NYSE: CVX) and Exxon Mobil Corp. (NYSE: XOM) reported mixed earnings on Friday morning as the lull in the global oil market persisted throughout the second quarter.
Starbucks Corporation (NASDAQ: SBUX) failed to wow Wall Street on Thursday when the company reported in-line earnings and a slight revenue miss in its fiscal third quarter. As Starbucks continues to fine-tune its mobile ordering system, it is also making moves to increase its presence in China.
Twitter Inc (ticker: TWTR) investors were hoping that the company’s surprise jump in users in the first quarter was a sign the company was entering a new stage of growth. On Thursday, those investors were sorely disappointed.
This week is a big news week for auto investors. Now that General Motors Co. (ticker: GM) and Ford Motor Co. (F) have reported mixed second-quarter earnings, investors are focusing their attention on Tesla Inc (TSLA) ahead of its Model 3 media event on Friday and its earnings report on Aug. 2.
Ford Motor Co. (ticker: F) topped Wall Street expectations with $2 billion in profit in the second quarter and raised its full-year guidance on Wednesday morning. However, shares dipped more than 2.3 percent in early trading as investors remain cautious on the U.S. auto giant in a softening auto market.
Apple, Inc. (ticker: AAPL), the world’s most valuable public company, is set to report its third-quarter earnings on Aug. 1 after the market close. While forward guidance is always important for investors, Apple’s guidance ahead of its highly-anticipated iPhone 8 launch will likely overshadow its third quarter numbers.
General Motors Co. (ticker: GM) stock traded slightly higher on Tuesday morning after the company reported declining revenue and profits in the second quarter. While GM beat analyst expectations on earnings, the company still faces an uncertain future in a softening auto market.
Walt Disney Co (ticker: DIS) stock has lagged the Standard and Poor’s 500 index so far in 2017 as the company struggles to adapt to a changing television market.