Nasdaq Markets

(RTTNews) - Today's Daily Dose brings you news about Akero's near-term catalyst; FDA denying approval to Heron's HTX-011 for the management of postoperative pain and Intercept's OCA for treatment of NASH; Kiniksa's RHAPSODY trial results, PDS Biotechnology's KOL meeting and regu

Not necessarily known as an acquisitive company, lululemon athletica (NASDAQ: LULU) has announced a fresh new asset buy. On Monday, the athleisure wear king announced that it has signed a definitive agreement to purchase MIRROR, a privately held company fitness company. The pric

(RTTNews) - Covia Holdings Corp. (CVIA) said that the company and certain of its U.S. subsidiaries have voluntarily filed petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division.

(RTTNews) - Asian stock markets are in positive territory on Tuesday following the strong gains overnight on Wall Street as investor sentiment was bolstered by upbeat U.S. housing data and hopes of more stimulus measures, which offset worries about the sharp spikes in new corona

Wirecard North America Inc, a unit of German payments company Wirecard AG, on Monday said it has put itself up for sale, days after the troubled parent firm filed for insolvency.

(RTTNews) - Wells Fargo & Co (WFC) plans to cut its dividend in third quarter 2020 from the current level of $0.51 per share, after the Federal Reserve last week set new restrictions on the payouts.

(RTTNews) - lululemon athletica Inc. (LULU) said that it agreed to buy at-home fitness company MIRROR for $500 million.

(RTTNews) - The Federal Aviation Administration or FAA has begun formal test flights of Boeing 737 Max and is evaluating the company's proposed changes to the automated flight control system on the aircraft, the U.S. aviation regulator said in a statement on Monday.

(RTTNews) - Indian shares look set to open higher on Tuesday, tracking firm global cues from other global markets on hopes of economic recovery. A gauge of Chinese manufacturing activity climbed in June, signaling the country's gradual recovery from the coronavirus slump rem

(RTTNews) - The Thai stock market headed south again on Monday, one session after it had ended the two-day slide in which it had stumbled more than 30 points or 2.2 percent. The Stock Exchange of Thailand now rests just beneath the 1,330-point plateau although it's likely to reb

In this episode of Industry Focus: Energy, Nick Sciple and Motley Fool contributor Jason Hall discuss the housing market. They talk about how the housing market has been affected by COVID-19 and what the future might hold for the industry. They also give a breakdown of three hou

(RTTNews) - The Taiwan stock market on Monday ended the seven-day winning streak in which it had accelerated more than 350 points or 3.1 percent. The Taiwan Stock Exchange now rests just above the 11,540-point plateau although it's got a firm lead for Tuesday's trade.

(RTTNews) - The Singapore stock market turned lower again on Monday, one session after it had halted the two-day slide in which it had fallen almost 45 points or 1.8 percent. The Straits Times Index now rests just beneath the 2,575-point plateau although it figures to bounce hig

Disney’s (DIS) plans for a gradual return to normality have been thrown into disarray, as the coronavirus has made it clear it has not left the building yet. The recent spike in cases caused the company to delay the opening of Disneyland in California, which was originally slated for July 17. Walt Disney World in Florida is scheduled to open its doors again on July 11 but that also appears highly unlikely now, considering the host of new COVID-19 cases in the state.

Theme parks aren’t Disney’s only problem. No date has been set yet for the resumption of live movie production, either. What’s more, the highly anticipated release of its summer 2020 blockbuster, Mulan, has been pushed back yet again from July 24 to August 21.

The lack of clarity has led to a reevaluation at investment firm Needham. 5-star analyst Laura Martin noted, "Owing to persistent COVID-19 uncertainties, we lower our FY20 DIS estimates to revenue of $68.1 billion (down 3% year-over-year and 5.5% below our previous estimate), and Adjusted EPS to $1.34 (down 77% year-over-year and 51% below our previous estimate).” 

Looking ahead to August’s FY3Q20 results, Martin expects revenue to decline by 35% year-over-year (13% below her original estimate) to $13.2 billion. Additionally, the analyst thinks adjusted EPS will plunge into the red, forecasting a loss of $0.65 per share. The figure is well below 3Q19’s EPS of $1.35, and lower than Needham’s previous call for EPS of $0.18.

The one bright spot amid all of the anticipated year-over-year contractions is reserved for Disney’s OTT offerings. Based on these products, Martin believes “DIS will be a winner of the ‘streaming wars’.”

The segment boasts three “unique” services - ESPN+, Disney+ and Hulu. These, according to Martin, provide Disney with “the ability to target different market segments and cross promote and bundle with discounts and a much more favorable subscription service than that of streaming leader and rival Netflix.”

To this end, Martin keeps a Hold rating on Disney without suggesting a price target. (To watch Martin’s track record, click here)

The rest of the Street remains cautiously optimistic about Disney. The analyst consensus rates the House of Mouse a Moderate Buy, based on 10 Buys, 11 Holds and 2 Sells. At $121.83, the average price target indicates upside potential of 12% over the coming months. (See Disney stock analysis on TipRanks)

To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

(RTTNews) - The Malaysia stock market on Monday snapped the four-day slide in which it had dropped more than 25 points or 1.6 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,495-point plateau and it may add to its winnings on Tuesday.

The New York Times (NYSE: NYT) announced today that it is breaking off its partnership with Apple (NASDAQ: AAPL) News and will no longer supply the company with articles. Effective Monday, stories from the Times will no longer appear in the curated feed of the Apple News app, ma

In this episode of MarketFoolery, Chris Hill chats with Bill Barker about the latest headlines and earnings reports from Wall Street. A restaurant conglomerate's shares are up despite sales declining. They advise some caution on the housing side, and talk about the spice busines

Investors didn't waste any time getting into the summer-holiday spirit on Wall Street, as Monday featured a solid gain even in the face of rising uncertainty.

(RTTNews) - The South Korea stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had advanced nearly 35 points or 1.7 percent. The KOSPI now rests just beneath the 2,095-point plateau although it figures to recoup m

What happened Shares of Beyond Meat (NASDAQ: BYND) fell 7.1% on Monday after a previously bullish analyst slashed his rating on the plant-based food maker's stock.