As broader markets look to finish the first half of 2024 with a bang and perhaps returns well into the double-digit percentages, questions linger. What could be in store in the latter half? Truly, stocks have become markedly more expensive in recent months. Still, outstanding quarterly reports, optimism over generative AI’s productivity-boosting capabilities, and higher hopes for lower rates more than warrant recent appreciation for most names. Further, just because the market is feeling quite good again do ...

It has been about a month since the last earnings report for Walt Disney (DIS) . Shares have lost about 3.7% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Disney due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Disney Q2 Earnings Beat Estimates, Revenues Rise Y/Y ...

In what seems like an end to a legal fight between Florida’s Republican Governor Ron DeSantis and Walt Disney (NYSE: DIS), the famous entertainment company is set to invest around $17 billion in building its 5th theme park in Florida.Disney has agreed to donate up to 100 acres of its Disney World property for district-managed infrastructure projects, award at least half its construction contracts to Florida-based companies, and spend at least $10 million on affordable housing in central Everglade State.This ...

Colin Anderson Productions pty ltd/DigitalVision via Getty ImagesThe Walt Disney Company (NYSE:DIS) has had major success in recent quarters in fundamentally improving the trajectory of its direct-to-consumer business, with the company achieving a milestone in Q1'24: it grew its DTC segment to operating profitability for the first time. The Streaming platform also announced that it was accelerating its capital returns including both a $3.0B stock buyback as well as an increased dividend which is set to ...

After years of acrimony between Disney and Florida Gov. Ron DeSantis, the two sides are working on a new development agreement that would provide assurances and guardrails for the Bob Iger-run behemoth as it plans to expand near Orlando. In exchange, the State of Florida would see up to $17 billion in investment from Disney over “the next ten to twenty years.” It also sets the stage for a fifth park at the resort. While the cessation of hostilities is good for all involved, the monetary commitment from Dis ...

Months after Disney and Florida Gov. Ron DeSantis ended their bitter legal fight, the two sides are poised to agree on a $17 billion deal that opens the door to a fifth major theme park at Walt Disney World.The five DeSantis-appointed supervisors who oversee the Disney World district voted Wednesday to give initial approval to a new development agreement that both sides had agreed to negotiate after a March settlement ended their state court lawsuits against each other.A second vote was required for final a ...

Major theme park additions and a film that could breathe new life into Disney's animation studio have the potential to make this month promising for shareholders.There's no June swoon for Walt Disney (DIS -0.21%) this year. The media giant is keeping busy with a major theatrical release and bar-raising theme park experiences.With Disney shares sliding in back-to-back months, the catalysts are there to bring back the bullishness. The arrival of new attractions in Japan and Florida comes just as the peak summ ...

Billionaire Nelson Peltz is no longer an investor in Disney.Peltz fought a pricey proxy battle with Disney CEO Bob Iger over its board but lost.He's now sold all his Disney shares, which marks the likely end of the power struggle. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “Sign Up”, you a ...

An activist reportedly moves on from the media giant.They don't call them activist investors for nothing. Trian Partners' Nelson Peltz has reportedly sold his entire stake in Walt Disney (DIS 0.76%), sources have told Barron's, CNBC, and other financial outlets. Peltz unloaded his more than 32 million shares at "close to $120 a share," according to the unnamed source. It's a price point that Disney stock hasn't traded at since April 4, the day after his bid to take over two seats in the media giant's boardr ...

Nelson Peltz’s Trian Asset Management has sold its stake in The Walt Disney Co. (NYSE:DIS) stock.Peltz lost his effort to get himself and former Disney executive Jay Rasulo elected to the board following a proxy battle in April. Peltz reportedly sold his stake at $120 per share, making a $1 billion profit. Disney was due to open this morning at $100.90 per share, with a market capitalization of about $184 billion. The proxy battle cost Peltz about $25 million, and Disney spent $40 million.What Now, Mouse?Pe ...