Just days after Walt Disney Co (NYSE: DIS) completed a blockbuster media deal for most of the TV and movie studio assets of Twenty-First Century Fox Inc (NYSE: FOXA), ESPN president John Skipper has announced his resignation due to substance addiction.
After three years of disappointment for Twitter Inc (Nasdaq: TWTR) investors, the tide may have finally turned for the company in 2017. Twitter stock jumped more than 8 percent on Monday after J.P. Morgan analyst Doug Anmuth upgraded the stock to “overweight” and named it one of the firm’s best stock ideas for 2018.
Toyota Motor Corp (ADR) (NYSE: TM) has announced a new aggressive electric vehicle initiative that includes rolling out 10 new fully EV models in the early 2020s. Toyota may not be the first to the electric vehicle market, but investors can rest assured that it will be a major player within the next decade.
After being one of the best-performing mega-cap stocks in the market throughout most of the year, Alibaba Group Holding Ltd (NYSE: BABA) stock is down 4.5 percent in the past month. MKM Partners analyst Rob Sanderson says there are three reasons why Alibaba shares have slumped, and investors should ignore all of them and buy BABA anyways.
Tesla Inc (Nasdaq: TSLA) has taken a lot of heat for its ugly balance sheet, its aggressive cash burn and its string of equity fundraising rounds. However, one Wall Street analyst says Tesla has a brighter financial future right around the corner in 2018.
One of the biggest stories on Wall Street this week will be at CSX Corporation (Nasdaq: CSX), where the company is mourning the sudden death of CEO Hunter Harrison.
CSX Corporation (Nasdaq: CSX) stock fell nearly 7 percent Friday after investors were caught off guard by an announcement that CEO Hunter Harrison will be take a medical leave of absence. Harrison was named CEO in March, and investors had high hopes that his turnaround plan would get the company back on the right track.
Costco Wholesale Corporation (Nasdaq: COST) investors aren’t sweating grocery competition from Amazon.com (AMZN). On Thursday, Costco reported double-digit revenue growth and an impressive jump in online sales in its fiscal first quarter.
As expected, the U.S. Federal Communications Commission voted to repeal the net neutrality rules implemented under the Obama administration to prevent internet service providers from limiting customer access to websites and manipulating service speeds. Without the net neutrality regulations in place, companies like Netflix, Inc. (Nasdaq: NFLX) could be forced to pay premium fees to ISPs for…
Famed Tesla Inc (Nasdaq: TSLA) short-seller and founder of Kynikos Associates Jim Chanos is doubling down on his prediction that Tesla stock is a ticking time bomb. In a new interview this week with Bloomberg, Chanos said Tesla will be the “poster child” of the next bear market for U.S. stocks.