It’s time to get off the sidelines when it comes to Walt Disney , according to Redburn Atlantic. The investment firm upgraded shares of the entertainment giant to buy and hiked its price target to $147 from $100. The updated forecast signals 32% upside for the stock. Shares of Disney ended 2024 with a 23% gain. The stock ticked slightly higher in premarket trading after the upgrade. DIS 1Y mountain DIS 1Y chart Analyst Hamilton Faber thinks the company is approaching a major inflection point. With Disney’s structural issues waning, he eventually expects the stock to trade at a 10%…
Author: usaeverydaylife
Imagine you could turn back the clock and put money into Nvidia when Jensen Huang was first dreaming up the chipmaker at a Denny’s in Silicon Valley. Or into Facebook before Mark Zuckerberg found a way to generate revenue from all the eyeballs on his social network. You’d be extremely rich. But for every Nvidia or Facebook, there are many more flameouts. Some hardly get off the ground, while others raise money at lofty valuations before vanishing into obscurity. And sometimes there’s lots of drama. It’s as much a part of the fabric of Silicon Valley as the enigmatic billionaire founders, though…
U.S. President-elect Donald Trump gestures as he makes remarks at Mar-a-Lago in Palm Beach, Florida, U.S. Jan. 7, 2025.Carlos Barria | ReutersPresident-elect Donald Trump warned Tuesday that “all hell will break out in the Middle East” if Hamas does not release the hostages it is holding in Gaza by the time he is inaugurated on Jan. 20.”And it will not be good for Hamas and it will not be good frankly for anyone,” Trump said at a press conference at his Mar-a-Lago club in Palm Beach, Florida.”We want to get back those hostages for Israel and for us,” Trump said.”You…
This photo illustration created Jan. 7, 2025, shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo.Drew Angerer | Afp | Getty ImagesMeta employees took to their internal forum on Tuesday, criticizing the company’s decision to end third-party fact-checking on its services two weeks before President-elect Donald Trump’s inauguration.Company employees voiced their concern after Joel Kaplan, Meta’s new chief global affairs officer and former White House deputy chief of staff under former President George W. Bush, announced the content policy changes on Workplace, the in-house communications tool. “We’re optimistic that these changes help us return…
Frank Vatrano’s three-year, $18 million contract extension with the Anaheim Ducks on Sunday highlighted a little-known salary deferral device in the NHL Collective Bargaining Agreement. Vatrano will be paid $3 million per season through the 2027-28 campaign, with the remaining $9 million paid out over 10 years starting in 2035.By 2035, Vatrano can move out of California and avoid the state’s high income tax. The Ducks, meanwhile, benefit because Vatrano’s extension will only cost $4.57 million against the cap instead of the $6 million annual average value for which they’d normally be on the hook.This salary deferral tool is one…
The man widely called the true winner of Venezuela’s tainted presidential election said on Tuesday that his son-in-law had been kidnapped by hooded men in Caracas, the capital.Edmundo González said that his son-in-law, Rafael Tudares, was walking Mr. González’s grandchildren to school when he was “intercepted” by hooded men dressed in black, and taken away in a gold van.“At this time he is missing,” he wrote on X.The reported kidnapping comes one day after Mr. González met at the White House with President Biden, whose administration recognizes Mr. González as president-elect, in an effort to put international pressure on President…
Utilities surged in 2024 as investors sought a way to play the burgeoning artificial intelligence trend, but attractive opportunities still exist for those willing to do the legwork, according to Morningstar energy and utilities strategist Travis Miller. The utilities sector climbed nearly 20% last year, led by the likes of Vistra Corp . and Constellation Energy as investors viewed both companies as standing at the forefront of powering data centers and artificial intelligence. Vistra soared nearly 260% in 2024, while Constellation leapt more than 90%. Talen Energy is also among the big beneficiaries of the AI and data center trend.…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market update: Stocks are lower on Tuesday afternoon, but off their worst levels of the session. The market started the day on a higher note, buoyed by strength in the semiconductor sector and shrugging off a rare downgrade to sell of Apple . But things turned lower right at 10 a.m. ET when interest rates soared after a string of better-than-expected economic data. What the market keyed on was the higher-than-expected…
U.S. President-elect Donald Trump makes remarks at Mar-a-Lago in Palm Beach, Florida, U.S. Jan. 7, 2025.Carlos Barria | ReutersPresident-elect Donald Trump on Tuesday declined to rule out using the U.S. military to take control of the Panama Canal and Greenland, expanding on a spate of recent remarks he has made about acquiring more territory for the United States during his second term.”We need them for economic security,” Trump said of both the Central American trade route and the autonomous territory of Denmark, during a lengthy press conference at his Florida home, Mar-a-Lago.A reporter asked Trump if he could assure the…
The “wild card” name suggests the unknown or an unpredictable factor, but the NFL’s wild-card weekend is anything but when it comes to viewership.Last year’s wild-card weekend (six games) averaged 31.4 million viewers, the NFL’s most-watched opening postseason weekend since 2016 (which was four games). The most-watched window of wild-card weekend last year was a matchup between the mega-viewership powers Green Bay Packers and Dallas Cowboys on Fox. That game, won by Green Bay in a rout, drew 40.2 million viewers airing in the 4:30 p.m. ET Sunday window.What will this year’s wild-card games bring as far as interest? We…
