Key TakeawaysFIFA has granted Netflix the exclusive U.S. broadcasting rights for the 2027 and 2031 Women's World Cups, the first competition to be acquired in full by the streaming giant.FIFA unbundled the Women's World Cup media rights from the men's tournament for the first time. FOX has the rights to the 2026 World Cup, which will be co-hosted by the U.S., Canada, and Mexico.Netflix increasingly is broadcasting live events, including a recent Jake Paul-Mike Tyson boxing match. Netflix's (NFLX) push into ...

Key TakeawaysNovo Nordisk's U.S.-listed shares tumbled over 19% Friday morning after it released data from a new weight loss drug trial.The new drug, CagriSema, led patients to lose 22.7% of their body weight on average, below the company's reported goal of 25%, per Bloomberg.The drug combines semaglutide, the active ingredient in Ozempic and Wegovy, with another ingredient meant to reduce hunger and make patients feel full for longer. Novo Nordisk's (NVO) U.S.-listed shares sank over 19% in premarket tradi ...

Core Insights - FedEx announced plans to spin off its freight business as a separate public company, which has led to a significant increase in its stock price during extended trading, despite a lowered full-year outlook for fiscal 2025 [2][9][10] - The company has lowered its full-year fiscal 2025 outlook due to challenging conditions, particularly weaker demand from business customers, although December volumes have exceeded forecasts [3][9] Stock Performance - FedEx shares have increased by 9% since the beginning of the year, but this performance lags behind the S&P 500's 23% return during the same period [11] - The stock rose nearly 9% to $300 in extended trading following the announcement [11] Technical Analysis - FedEx shares have been trading within an orderly ascending channel since July of the previous year, with key overhead resistance levels identified around $305 and $370, and important support levels near $278 and $255 [5][9][15] - The stock has found buying interest around the 50- and 200-day moving averages, with trading volume reaching its highest level since late September [17] Future Projections - The spinoff is expected to generate up to $20 billion in shareholder value by streamlining operations and merging the Express and Ground units, which could enhance profitability [10] - A target price of $370 has been projected based on the measured move technique, indicating a potential upside of approximately 34% from Thursday's closing price [14]

Core Insights - UnitedHealth shares have been declining since the CEO of its UnitedHealthcare unit was killed in New York City on December 4, contributing to the Dow Jones index's longest losing streak in 50 years [2][3] - The stock has lost 20% since December 4 and 7% since the start of the year, closing at $489.25 after a 2.1% drop on Thursday [3] Technical Analysis - The stock found buying interest around the 200-week moving average, which has historically provided support, with previous rebounds of 41% and 19% following similar price closures [5][6] - Crucial support levels to watch include $460, where buying interest may emerge, and $430, which could be revisited if the stock closes below $460 [7] - Key resistance levels include $550, just above the 50-week moving average, and $610, where investors may look to lock in profits [8][9]

Nike (NKE) shares jumped in extended trading Thursday after the athletic apparel maker topped analysts' estimates with its fiscal second-quarter results, its first since new CEO Elliott Hill took over in October. The sneaker giant reported net income of $1.16 billion on revenue of $12.35 billion, above analysts' estimates of $968 million in net income on revenue of $12.12 billion, per Visible Alpha. Last year, Nike posted a profit of $1.58 billion on $13.39 billion in revenue. "We're taking immediate actio ...

FedEx (FDX) shares jumped in extended trading Thursday after the shipping giant announced plans to spin off its Freight business as a standalone company. The shipping giant said the process to separate its Freight business will start immediately, and likely be completed within the next 18 months. Ahead of the announcement, Citi analysts said last week that spinning off the Freight business into a standalone company could "unlock value" for the business, but suggested the move might not be the best option i ...

Key TakeawaysMicron Technology shares tanked Thursday after the chipmaker warned about near-term demand issues.Bank of America analysts lowered their rating on Micron's stock and cut their price target, while Citi lowered its estimates for Micron's fiscal 2025 and 2026 earnings and revenue.The shares recently traded around their lowest levels since September. Micron Technology (MU) shares sank Thursday after the chipmaker warned about softness in consumer-oriented markets and some analysts lowered their ou ...

Key TakeawaysAmazon warehouse workers and drivers at several locations launched a strike Thursday morning, according to the Teamsters union.Workers planned to picket because Amazon hasn't responded to negotiation attempts, Teamsters said.Amazon said Thursday that the strikes haven't disrupted operations. Amazon workers in several locations launched a strike Thursday morning as their union, Teamsters, said the e-commerce giant has repeatedly refused to negotiate with them. Warehouse workers and drivers based ...

Core Insights - Darden Restaurants shares surged 14% following better-than-expected second-quarter sales and adjusted profit, driven by strong performance at LongHorn Steakhouse [1][6] - The company reported net income of $215.1 million, or $1.82 per share, on revenue of $2.89 billion, surpassing analyst expectations [2] - Adjusted earnings per share (EPS) were $2.03, slightly above the forecast [3] Sales Performance - LongHorn Steakhouse experienced a 7.5% year-over-year increase in same-restaurant sales, exceeding the anticipated 4.3% growth [4] - Olive Garden's same-restaurant sales rose by 2%, while fine dining operations saw a decline of 5.8%, nearly double the expected 3% drop [4] Financial Outlook - Darden raised its fiscal 2025 revenue projection to approximately $12.1 billion, up from the previous range of $11.8 billion to $11.9 billion [5] - The company expects same-restaurant sales growth of 1.5%, narrowed from a previous estimate of 1% to 2%, while maintaining its EPS outlook from continuing operations at $9.40 to $9.60 [5]

Key TakeawaysBlock’s shares were recently higher after dropping yesterday, extending a pullback from early December highs after a steady climb from summer levels. An upgrade from Oppenheimer, which boosted its rating to “outperform” from “perform," and a bullish price target lifted the stock.The analysts cited the expectation of payment value growth at its Square business, an upbeat outlook for profit margins, and its bitcoin mining business as tailwinds for the shares.  Shares of Block rose Thursday mornin ...