FINWIRES · TerminalLIVE
FINWIRES

$DIS

50 stories mentioning DIS

Every FINWIRES story that references DIS, newest first.

International

S&P 500, Nasdaq Hit Records as Iran Steps Closer to Peace Deal, AMD's Q1 Results Fire Up Chipmakers

US equity indexes rose after midday Wednesday, with the S&P 500 and the Nasdaq Composite scaling new highs as Iran closed in on a peace deal and Advanced Micro Devices' (AMD) Q1 results sparked a rally in semiconductors.The Nasdaq traded 1.6% higher at 25,737.8 after touching a record 25,741.14 intraday. The S&P 500 was up 1.2% to 7,342.9 after hitting an all-time high of 7,348.35 earlier in the session. The Dow Jones Industrial Average advanced 1.1% to 49,818.9.Communication services, industrials, materials, and technology led the gainers, while energy was the steepest decliner in midday trading.The White House is close to agreeing on a one-page memorandum of understanding to end the war with Iran and set a framework for more detailed negotiations about Tehran's nuclear ambitions, Axios reported, citing two US officials and two other sources briefed on the issue. While nothing is final yet, the sources said this was the closest the duo has been to an agreement since the war began.Washington's MoU, if Iran accepts it, will lead to a gradual reopening of the Strait of Hormuz and lifting of the American blockade on Iranian ports, a person familiar with the matter told Bloomberg. Meanwhile, President Donald Trump warned Iran that "bombing starts" again if a deal is not reached, according to multiple media reports.West Texas Intermediate crude oil futures sank 6.8% to $95.47, and Brent crude futures plunged 7.9% to $101.97.US Treasury yields fell, with the 10-year down 6.2 basis points to 4.35%, extending its retreat from the highest in about a month. Two-year yield slumped 6.9 basis points to 3.87%.In precious metals, gold futures advanced 2.8% to $4,697.9, and silver futures surged 5.4% to $77.59.In company news, Advanced Micro Devices (AMD) shares surged nearly 17%, among the top gainers on the S&P 500 and the Nasdaq, after the chipmaker overnight posted stronger-than-expected fiscal Q1 results and issued an upbeat Q2 revenue outlook.Out of the 10 top performers in a category for companies with a market capitalization of more than $200 billion, over half were from the semiconductor industry, according to data compiled by Finviz. AMD's results reinforced growing confidence in the accelerating demand for artificial intelligence-related products and services.Walt Disney's (DIS) fiscal Q2 results beat estimates amid revenue gains across all business operations, and the media and entertainment giant reiterated expectations that growth will accelerate in H2. Shares jumped 6.7%, the Dow's top gainer.In economic news, employment in the US private sector grew at its fastest pace in more than a year in April, ADP data showed Wednesday, ahead of nonfarm payrolls due later in the week. Private jobs grew by 109,000, representing the fastest growth pace since January 2025, the payrolls processing firm said. The consensus was for 120,000 in a Bloomberg-compiled survey. The March print was revised down to 61,000 from 62,000.

Dow JonesNasdaq CompositeS&P 500$AMD$DIS
Sectors

Sector Update: Consumer Stocks Mixed in Afternoon Trading

Consumer stocks were mixed Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.5%.In corporate news, Walt Disney's (DIS) fiscal Q2 results came in ahead of market estimates amid revenue gains across all business operations, while the media and entertainment giant reiterated its expectations for growth to accelerate in H2. Its shares climbed 6.6%.Uber (UBER) on Wednesday issued a bookings growth outlook that surpassed Wall Street's estimates, while the ride-hailing company's Q1 profit grew year-on-year. Uber shares popped 7.5%.Sony Group's (SONY) Sony Music is nearing a deal to acquire a music catalog including works by artists such as Justin Bieber and Neil Young from Blackstone (BX), Bloomberg reported. Sony is in discussions to acquire Recognition Music through a joint venture with Singaporean sovereign wealth fund GIC, which will pay from $3.5 billion to $4 billion, the report said. Sony Group shares added 2.9%.

$DIS$SONY$UBER
Sectors

Sector Update: Consumer

Consumer stocks were mixed Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.4%.In corporate news, Walt Disney's (DIS) fiscal Q2 results came in ahead of market estimates amid revenue gains across all business operations, while the media and entertainment giant reiterated its expectations for growth to accelerate in H2. Its shares climbed 6.6%.

$DIS
Wire

Top Midday Stories: AMD Q1 Earnings, Q2 Guidance Top Estimates; Nvidia, Corning Enter Multiyear Commercial and Technology Partnership

All three major US stock indexes were up over 1% in late-morning trading Wednesday, as investors showed optimism that the US and Iran were nearing an agreement to end the war.In company news, Advanced Micro Devices (AMD) reported Q1 adjusted earnings late Tuesday of $1.37 per diluted share, up from $0.96 a year earlier and above the FactSet consensus analyst estimate of $1.29. First-quarter revenue was $10.25 billion, up from $7.44 billion a year ago and above the FactSet consensus of $9.90 billion. For Q2, the company said it expects revenue of $11.2 billion, plus or minus $300 million, above the FactSet consensus of $10.54 billion. AMD shares were up 17.7% around midday.Nvidia (NVDA) and Corning (GLW) said Wednesday they have entered a multiyear commercial and technology partnership to expand US manufacturing of advanced optical connectivity technology to power AI infrastructure. Under the partnership, Corning will increase its US-based optical technology production capacity by 10x and expand its US fiber production capacity by over 50%, the companies said. In connection with the partnership, Corning said Wednesday in an SEC filing that it sold a warrant to Nvidia to buy up to 15 million shares of its common stock at an exercise price of $180.00 per share. Nvidia also acquired a pre-funded warrant to buy up to 3 million shares of common stock at an exercise price of $0.0001 per share, for an aggregate purchase price of $500 million, Corning said. Nvidia shares were up 5.2%, while Corning shares were up 13.8%.Uber Technologies (UBER) reported Q1 non-GAAP earnings Wednesday of $0.72 per share, up from $0.50 a year earlier and above the FactSet consensus of $0.69. First-quarter revenue was $13.2 billion, up from $11.53 billion a year ago and compared to the FactSet consensus of $13.28 billion. For Q2, Uber said it expects non-GAAP EPS of $0.78 to $0.82, compared to the FactSet consensus of $0.79. The company said it expects Q2 gross bookings of $56.25 billion to $57.75 billion, above the FactSet consensus of $56.17 billion. Uber shares were up 8.2%.Walt Disney (DIS) reported fiscal Q2 adjusted earnings Wednesday of $1.57 per diluted share, up from $1.45 a year earlier and above the FactSet consensus estimate of $1.49. Fiscal Q2 revenue was $25.17 billion, up from $23.62 billion a year ago and above the FactSet consensus of $24.87 billion. For fiscal 2026, the company said it expects adjusted EPS growth of about 12%, excluding the impact of the 53rd week. Disney shares were up more than 6%.IBM (IBM) said Wednesday it is working with Oracle (ORCL) to bring the power of its watsonx to Oracle Cloud Infrastructure, or OCI, in hopes of fueling "multi-agentic, AI-driven productivity and efficiency across the enterprise." Watsonx Orchestrate Ai agent offerings will be available on OCI in July, the company said. IBM shares were down 0.9%, while Oracle shares were up 1.9%.Price: $416.71, Change: $+61.45, Percent Change: +17.30%

$AMD$DIS$GLW$IBM$NVDA$ORCL$UBER
Research

Research Alert: CFRA Upgrades To Buy From Hold On Shares Of The Walt Disney Company

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target by $15 to $130 using a wider equity risk premium and a forward TEV/EBITDA of 10.8x, below the three-year historical average at 12.2x or the five-year average at 19.1x. We increase our FY 26 (Sep) EPS estimate by $0.10 to $6.80 and FY 27's by $0.10 to $7.40 on projected revenue of $101.65B and $105.2B. We believe concerns about driving organic revenue growth and wider margins may ease following the solid results and outlook reported today. We believe DIS can generate wider margins from a combination of efficiency gains from capital investments across the businesses and disciplined spending on sports rights and entertainment (theatrical film). We are positive on the new CEO leadership, which we think will energize the company and lead it to embrace advanced technologies to fuel long-term growth and productivity. Management is focused on delivering profitable growth with margin expansion. We are confident DIS can deliver on this baseline plan with upside should macroeconomic conditions remain favorable.

$DIS
US Markets

Walt Disney Quarterly Results Beat Estimates; Reiterates Expectations for Growth Acceleration

Walt Disney's (DIS) fiscal second-quarter results came in ahead of market estimates amid revenue gains across all business operations, while the media and entertainment giant reiterated its expectations for growth to accelerate in the second half.The company on Wednesday reported adjusted earnings of $1.57 per share for the quarter ended March 28, up from $1.45 the year before, topping the FactSet-polled consensus of $1.49. Revenue improved 7% to $25.17 billion, surpassing the Street's view for $24.87 billion.The stock rose 4.2% in the most recent premarket activity."We remain focused on executing our long-term growth strategy," Chief Executive Josh D'Amaro and Chief Financial Officer Hugh Johnston said in prepared remarks. "Our creative and operational momentum drove strong quarterly results, and we continue to expect growth to accelerate in the second half of the fiscal year."D'Amaro assumed the CEO role in March, succeeding Robert Iger, who will remain as a senior adviser and board member until the end of the year.For fiscal 2026, the media and entertainment giant anticipates adjusted EPS to grow by 12%, excluding the impact of the 53rd week, and 16% when including that week. It previously projected the metric to rise by double digits. For fiscal 2027, Disney reiterated its guidance for double-digit adjusted EPS growth.The current average analyst estimate on FactSet is for non-GAAP EPS of $6.63 and $7.35 for fiscal 2026 and 2027.For the second quarter, revenue in the entertainment division climbed 10% to $11.72 billion, amid a revenue gain of 13% in subscription video-on-demand services, driven by "improved monetization" following last year's rate adjustments and volume growth, according to D'Amaro and Johnston. Subscription and affiliate fees inclined 14%.Experiences revenue moved 7% higher to $9.49 billion, with global guests, which aggregates domestic and international parks attendance along with passenger cruise days, up 2% on a yearly basis, D'Amaro and Johnston said. Domestic and international parks and experiences grew 6% and 11%, respectively, to $6.92 billion and $1.6 billion, while consumer products sales inclined 3% to $974 million.Attendance at domestic parks ticked down 1% on a sequential basis, "reflecting, in part, continued softness in international visitation," according to D'Amaro and Johnston.The company is beginning to lap attendance headwinds faced in domestic parks over the past year, the executives noted. "While we acknowledge the potential impact of heightened global macro uncertainty on consumers, we are encouraged by current demand and expect year-over-year attendance at our domestic parks in (the third quarter) to show improvement compared to (second-quarter) results," they added.Disney's sports division ticked up to $4.61 billion from $4.53 billion in the prior-year quarter. For the ongoing three-month period, the company expects the segment's operating income to decline by about 14% on an annual basis. The metric was down 5% in the second quarter.

$DIS
Asia Markets

Potential Middle East Peace Agreement, Oil Price Declines Drive US Equity Futures Higher Pre-Bell

US equity futures were higher pre-bell Wednesday as oil prices slipped and a peace agreement between the US and Iran was reportedly close to being finalized.Dow Jones Industrial Average futures were 0.9% higher, S&P 500 futures were up 0.8%, and Nasdaq futures were 1.3% higher.The White House believes it is nearing an agreement with Iran on a one-page memorandum of understanding to end the conflict and establish a framework for more detailed nuclear negotiations, according to an Axios report, citing two US officials and two other sources briefed on the issue.In a post on Truth Social, President Donald Trump said he had paused "Project Freedom," a military operation to escort ships through the Strait of Hormuz, to see if an agreement with Iran can be signed.Traders kept an eye on the latest round of earnings, with AMD (AMD) reporting stronger-than-expected fiscal Q1 results and issuing an upbeat Q2 revenue outlook. Walt Disney (DIS) posted higher fiscal Q2 adjusted earnings and revenue that also surpassed analysts' estimates.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 6.9% at $102.28 per barrel and US West Texas Intermediate crude 7.7% lower at $94.45 per barrel.ADP's national employment report showed that private-sector employment increased by 109,000 in April, compared with expectations for a 120,000 gain in a survey compiled by Bloomberg.Federal Reserve St. Louis President Alberto Musalem is slated to speak at 9:30 am, and Chicago President Austan Goolsbee speaks at 1 pm ET.In other world markets, Japan's Nikkei was closed due to a public holiday. Hong Kong's Hang Seng ended 1.2% higher and China's Shanghai Composite finished 1.2% higher. Meanwhile, the UK's FTSE 100 was up 2.2%, and Germany's DAX index was 1.8% higher in Europe's early afternoon session.In equities, AMD and Disney shares rose 16% and 5.5%, respectively, after the companies reported their latest quarterly financial results. Alphabet (GOOG, GOOGL) stock was up 1.7% after the company's Google Cloud secured a $200 billion commitment from Anthropic for computing capacity and processors, according to a report from The Information citing a person with knowledge of the matter.On the losing side, Arista Networks (ANET) stock was down 9.1% despite the company posting higher Q1 non-GAAP earnings and revenue. Exxon Mobil (XOM) and Chevron (CVX) shares were down 3.6% and 3.7%, respectively, as energy majors saw stock price declines amid the dip in oil prices.

Dow JonesNasdaq CompositeS&P 500$AMD$ANET$CVX$DIS$GOOG$GOOGL$XOM
Research

Research Alert: Disney Delivers Solid Q2 Beat With Streaming Turnaround And Experiences Growth

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:DIS reported Q2 FY 26 (Sep.) adjusted EPS of $1.57 vs. $1.45 prior year (+8%) and beat consensus estimates, with total segment operating income rising to $4.6B from $4.41B (+4%). Entertainment SVOD delivered $582M operating income (+88%) with 10.6% margin, while Experiences achieved record revenue of $9.5B (+7%) and operating income of $2.6B (+5%), though Sports segment faced headwinds with operating income declining 5% due to higher programming costs. A new CEO brings greater focus on technology investments and better integration across business segments, in our opinion. Management provided positive FY 26 guidance targeting 12% adjusted EPS growth, Disney+ operating margin of 10%, and at least $8B in share repurchases. We think the Experiences segment will drive future growth with the $60B 10-year capital investment plan for cruise fleet expansion and theme park attractions, while we expect content investment cycle to create FY 26 margin pressure as Entertainment commits to billion-dollar theatrical releases.

$DIS
Japan

Oil Prices Slip, Potential Middle East Peace Agreement Drives US Equity Futures Higher Pre-Bell

US equity futures were higher pre-bell Wednesday as oil prices slipped and a peace agreement between the US and Iran was reportedly close to being finalized.Dow Jones Industrial Average futures were 1.1% higher, S&P 500 futures were up 0.9%, and Nasdaq futures were 1.6% higher.The White House believes it is nearing an agreement with Iran on a one-page memorandum of understanding to end the conflict and establish a framework for more detailed nuclear negotiations, according to an Axios report, citing two US officials and two other sources briefed on the issue.In a post on Truth Social, President Donald Trump said he had paused "Project Freedom," a military operation to escort ships through the Strait of Hormuz, to see if an agreement with Iran can be signed.Traders kept an eye on the latest round of earnings, with AMD (AMD) reporting stronger-than-expected fiscal Q1 results and issuing an upbeat Q2 revenue outlook. Walt Disney (DIS) posted higher fiscal Q2 adjusted earnings and revenue that also surpassed analysts' estimates.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 11.1% at $98.74 per barrel and US West Texas Intermediate crude 10.9% lower at $91.41 per barrel.The national employment report for April from ADP, expected at 8:15 am ET, is seen showing an increase of 120,000 from 62,000 in the prior month, according to estimates compiled by Bloomberg. The Treasury Refunding quarterly announcement is expected at 8:30 am.Federal Reserve St. Louis President Alberto Musalem is slated to speak at 9:30 am, and Chicago President Austan Goolsbee speaks at 1 pm ET.

Dow JonesNasdaq CompositeS&P 500$AMD$DIS
US Markets

Stocks Rise Pre-Bell, Oil Prices Fall After Report Says US, Iran Nearing Peace Agreement

The main US stock measures were pointing higher in Wednesday's premarket activity, while oil prices declined after a media report said the US and Iran are nearing a potential agreement to end their conflict.The S&P 500 and the Dow Jones Industrial Average rose 0.7% each before the opening bell, while the Nasdaq advanced 1.2%. The indexes finished the previous trading session in the green, with the S&P 500 and the Nasdaq closing with new highs.Washington is nearing an agreement with Tehran on a one-page memorandum of understanding to end their conflict in the Middle East and establish a framework for more detailed nuclear negotiations, Axios reported Wednesday, citing two US officials and two other sources familiar with the matter.In a social media post on Tuesday, President Donald Trump said the US is temporarily pausing "Project Freedom," its effort to guide neutral ships locked up in the Strait of Hormuz out of the crucial waterway. Trump noted that the US blockade on Iranian ports will remain in effect.US Defense Secretary Pete Hegseth reportedly said Tuesday that the ceasefire agreement with Iran remained intact despite recently renewed tensions in the Gulf region.West Texas Intermediate crude oil dropped 9.3% to $92.88 a barrel in premarket action, while Brent fell 8.3% to $100.77.Treasury yields slipped before the open, with the two-year rate retreating 7.3 basis points to 3.87% and the 10-year rate off 6.8 basis points to 4.35%.Walt Disney (DIS), Uber Technologies (UBER), CVS Health (CVS), Marriott International (MAR), Johnson Controls International (JCI), Restaurant Brands International (QSR), Kraft Heinz (KHC) and Performance Food Group (PFGC) are some of the major companies scheduled to report their latest financial results before the bell, among others.Arm Holdings (ARM), Applovin (APP), DoorDash (DASH) and Warner Bros. Discovery (WBD) post earnings after the markets close.Shares of Advanced Micro Devices (AMD) jumped 18% pre-bell after the chipmaker reported stronger-than-expected first-quarter results. Novo Nordisk's (NVO) US-listed stock climbed 7.5% as the Danish pharmaceutical giant issued an improved full-year sales outlook. Arista Networks (ANET) declined 8.1% after it issued a downbeat second-quarter revenue outlook.Wednesday's economic calendar has the weekly mortgage applications bulletin at 7 am ET, followed by the ADP Employment report for April at 8:15 am. The weekly EIA domestic petroleum inventories report is out at 10:30 am.Federal Reserve Bank of St. Louis President Alberto Musalem is slated to speak at 9:30 am, while Chicago Fed President Austan Goolsbee speaks at 1 pm.Gold increased 3.1% to $4,710 per troy ounce, while bitcoin moved up 0.8% to $82,210.

Dow JonesNasdaq CompositeS&P 500$AMD$ANET$APP$ARM$CVS$DASH$DIS$JCI$KHC$MAR$NVO$PFGC$QSR$UBER$WBD
US Markets

S&P 500, Nasdaq Retreat From Record, Oil Jumps Amid Renewed US-Iran Tensions

The S&P 500 and the Nasdaq retreated from record highs as oil prices jumped amid signs that the Middle East conflict could intensify again.The S&P 500 lost 0.4% to close at 7,200.8, while the Nasdaq fell 0.2% to 25,067.8. The Dow Jones Industrial Average ended 1.1% lower at 48,941.9. Barring energy, all sectors were in the red, led by materials.Brent crude jumped 5.3% to $113.87 per barrel, while West Texas Intermediate crude rose 3.1% to $105.12.The US military destroyed six Iranian boats in the Strait of Hormuz on Monday after Tehran attacked US Navy ships and commercial vessels, CNN reported, citing Admiral Brad Cooper, the head of the US Central Command.A senior Iranian military official disputed that claim, Fox News reported, citing Iranian media. US President Donald Trump told news agency that Iran will be "blown off the face of the Earth" if they attack US vessels that support Trump's initiative to escort commercial ships through the Strait of HormuzTehran fired missiles and drones at the United Arab Emirates, the UAE's Defense Ministry said in a post on X earlier in the day.Two US-flagged vessels passed through the strait, the Central Command said Monday, denying claims from Iran that a US ship had been hit. Iran's Islamic Revolutionary Guard Corps said no commercial vessels or oil tankers had transited the narrow waterway, CNN reported.Meanwhile, the Israeli military reportedly issued an evacuation order for 10 villages in southern Lebanon.The broader conflict paused following two separate ceasefires; one between Washington and Tehran and the other involving Israel and Lebanon. However, a framework for a permanent truce is yet to be reached.The cumulative supply disruption due to the conflict has now reached an estimated 600 million barrels by early May, Wells Fargo Investment Institute said in a note."Absent a reopening of the strait within the next several weeks, the global oil market, in our view, is likely to enter a period of explicit demand rationing within the current quarter," Wells Fargo Investment Institute Chief Investment Officer Darrell Cronk said. "Rationing on the order of four million to five million barrels per day would be required within weeks to rebalance the system, with a typical 30-day lag before flow disruptions fully translate into end-market shortages."US Treasury yields were higher, with the 10-year rate up 6.3 basis points at 4.44% and the two-year rate rising 6.6 basis points to 3.96%."Notwithstanding the recent powerful rallies in stocks, challenges remain to finding resolution for the conflict and in our view persist as a potential negative overhang to market performance with news flow from the Middle East, the price of oil, and supply chain disruptions adding to inflation risks near term," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said in a report. "That said, stock prices in the US continue to reflect in our view an appreciation for the fundamentals that matter most for revenue and profit growth."On the monetary policy front, New York Fed President John Williams said Monday that the Middle East conflict could keep inflation elevated for some time.Switching to quarterly results, S&P 500 companies' earnings and revenue growth accelerated compared with figures from a week ago, Oppenheimer Asset Management said Monday.Advanced Micro Devices (AMD), Disney (DIS), Uber Technologies (UBER), Shopify (SHOP), Pfizer (PFE) and McDonald's (MCD) are among major companies that are scheduled to release quarterly financials this week.Traders will be looking ahead to fresh labor market data later this week, beginning with the Job Openings and Labor Turnover Survey for March on Tuesday, followed by the ADP employment report for April on Wednesday. The Challenger Job Cut report and the government's nonfarm payrolls data, both for last month, are scheduled to be released on Thursday and Friday, respectively."Focus shifts from Big Tech to consumer-facing earnings and macro validation," Saxo Bank said in a report. "US earnings from Disney, Airbnb (ABNB), and McDonald's will test demand resilience, while the US jobs report will determine whether strong growth can sustain current equity levels."In company-specific news, Tyson Foods' (TSN) shares jumped 8%, the best performer on the S&P 500. The meat producer's fiscal second-quarter results surpassed Wall Street's expectations, lifted by price and volume gains in the chicken and prepared foods segments.Norwegian Cruise Line (NCLH) lowered its full-year earnings outlook on Monday amid higher fuel costs and weak consumer demand due to the Middle East conflict, while the cruise operator's first-quarter revenue fell short of market estimates. The stock fell 8.6%, among the worst performers on the S&P 500.EBay (EBAY) shares advanced 5.1%, among the best performers on the S&P 500, after video game retailer GameStop (GME) proposed to acquire the e-commerce company in a cash-and-stock deal worth about $55.5 billion. Shares of GME slumped 10%.Gold fell 2.6% to $4,524.40 per troy ounce, while silver declined 4% to $73.42 per ounce.

Dow JonesNasdaq CompositeS&P 500$ABNB$AMD$DIS$EBAY$GME$MCD$NCLH$PFE$SHOP$UBER
US Markets

Equities Fall Intraday, Oil Prices Climb as Traders Monitor Middle East Developments

US benchmark equity indexes were lower intraday and oil prices jumped as fighting in the Iran war flared up again.The Dow Jones Industrial Average was down 1% at 49,011.4 after midday Monday, while the S&P 500 lost 0.5% to 7,196.7. The Nasdaq Composite fell 0.3% to 25,038.8. The Nasdaq and the S&P 500 reached new peaks in the previous session.Barring energy, all sectors were in the red, led by materials.Brent crude jumped 6.1% to $114.79 per barrel, while West Texas Intermediate crude rose 4% to $106.13.The US military destroyed six Iranian boats in the Strait of Hormuz on Monday after Tehran attacked US Navy ships and commercial vessels, CNN reported, citing Admiral Brad Cooper, the head of the US Central Command.Tehran fired missiles and drones at the United Arab Emirates, the UAE's Defence Ministry said in a post on X earlier in the day.US President Donald Trump's initiative to escort commercial ships through the Strait of Hormuz began on Monday. Two US-flagged vessels passed through the strait, the Central Command said Monday, after denying claims from Iran that a US ship had been hit.Iran's Islamic Revolutionary Guard Corps said no commercial vessels or oil tankers had transited the narrow waterway, CNN reported.Meanwhile, the Israeli military reportedly issued an evacuation order for 10 villages in southern Lebanon."Notwithstanding the recent powerful rallies in stocks, challenges remain to finding resolution for the conflict and in our view persist as a potential negative overhang to market performance with news flow from the Middle East, the price of oil, and supply chain disruptions adding to inflation risks near term," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said in a report. "That said, stock prices in the US continue to reflect in our view an appreciation for the fundamentals that matter most for revenue and profit growth."S&P 500 companies' quarterly earnings and revenue growth accelerated compared with figures from a week ago, Oppenheimer Asset Management said Monday.In company news, Norwegian Cruise Line (NCLH) lowered its full-year earnings outlook on Monday amid higher fuel costs and weak consumer demand due to the Middle East conflict, while the cruise operator's first-quarter revenue fell short of market estimates. The stock was down 8.9% intraday, the second-worst performer on the S&P 500.EBay (EBAY) shares were up 5.6%, among the best performers on the S&P 500, after video game retailer GameStop (GME) proposed to acquire the e-commerce company in a cash-and-stock deal worth about $55.5 billion. Shares of GME slumped 7.7%.Palantir Technologies (PLTR), Advanced Micro Devices (AMD), Disney (DIS), Uber Technologies (UBER), Shopify (SHOP), Pfizer (PFE) and McDonald's (MCD) are among major companies that are scheduled to release quarterly financials this week.Traders will be looking ahead to fresh labor market data later this week, beginning with the Job Openings and Labor Turnover Survey for March on Tuesday, followed by the ADP employment report for April on Wednesday. The Challenger Job Cut report and the government's nonfarm payrolls data, both for last month, are scheduled to be released on Thursday and Friday, respectively."Focus shifts from Big Tech to consumer-facing earnings and macro validation," Saxo Bank said in a report. "US earnings from Disney, Airbnb (ABNB), and McDonald's will test demand resilience, while the US jobs report will determine whether strong growth can sustain current equity levels."US Treasury yields were higher intraday, with the 10-year rate up seven basis points at 4.45% and the two-year rate rising 8.5 basis points to 3.98%.Gold fell 2.2% to $4,540.50 per troy ounce, while silver declined 3.7% to $73.62 per ounce.

Dow JonesNasdaq CompositeS&P 500$ABNB$AMD$DIS$EBAY$GME$MCD$NCLH$PFE$PLTR$SHOP$UBER
US Markets

S&P 500 Companies' Quarterly Profit, Revenue Growth Accelerates, Oppenheimer Says

S&P 500 companies' quarterly earnings and revenue growth accelerated compared with figures from a week ago, Oppenheimer Asset Management said Monday.Some 63% of companies in the benchmark equity index have reported results in the latest cycle, with earnings up 28% from a year earlier and revenue growing 11%. Last week's report by the brokerage showed profit and revenue growth at about 25% and 10%, based on financials reported by 28% of the index constituents.Ahead of the reporting season, FactSet put expected earnings growth at 12.6% from a year earlier, according to Oppenheimer.Of the companies that have reported results so far, 81% have exceeded analyst estimates, Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said.Among sectors, communication services and consumer discretionary outperformed in terms of earnings, with profits up by more than 50% each year over year. Technology led the chart for revenue growth, with a 22% increase, followed by communication services' 16% jump.This will be another busy week for corporate earnings, with Palantir Technologies (PLTR), Advanced Micro Devices (AMD), Disney (DIS), Uber Technologies (UBER) and McDonald's (MCD) due to post their financials.On Friday, the S&P 500 and the Nasdaq Composite reached new all-time closing highs.President Donald Trump has launched "Project Freedom" to escort commercial ships through the Strait of Hormuz. Two US-flagged vessels passed through the strait, the US Central Command said Monday, after denying claims from Iran that a US ship had been hit."Notwithstanding the recent powerful rallies in stocks, challenges remain to finding resolution for the conflict and in our view persist as a potential negative overhang to market performance with news flow from the Middle East, the price of oil, and supply chain disruptions adding to inflation risks near term," Stoltzfus said. "That said, stock prices in the US continue to reflect in our view an appreciation for the fundamentals that matter most for revenue and profit growth."Price: $148.03, Change: $+3.96, Percent Change: +2.75%

$AMD$DIS$MCD$PLTR$UBER
US Markets

Stocks Mostly Down Pre-Bell as Traders Assess Middle East Developments, Await Fresh Labor Data

The benchmark US stock measures were mostly pointing lower before the opening bell Monday as investors assess the latest developments in the Middle East involving the Strait of Hormuz and await fresh labor market data later in the week.The S&P 500 fell 0.1% and the Dow Jones Industrial Average declined 0.3% in premarket activity, while the Nasdaq was slightly in the green. The S&P 500 and the Nasdaq closed Friday's trading session with new record highs, while the Dow finished in the red.In a social media post on Sunday, President Donald Trump said the US will start guiding some neutral ships "locked up" in the Strait of Hormuz out of the crucial waterway. The initiative, dubbed "Project Freedom," is scheduled to begin on Monday, Trump said."These are ships from areas of the world that are not in any way involved with that which is currently taking place in the Middle East," according to Trump. "If, in any way, this humanitarian process is interfered with, that interference will, unfortunately, have to be dealt with forcefully."US Central Command said Sunday it will provide military support to restore commercial shipping through the strait, including the use of guided-missile destroyers.Iran's Fars news agency said two missiles hit a US warship in the Strait of Hormuz, Reuters reported Monday. US Central Command reportedly said that no US navy ships had been struck.Iran reportedly said Sunday it's reviewing a response from Washington to its latest offer for a peace deal, CNBC reported, citing Iranian state media. Tehran had reportedly sent an updated proposal to the US through Pakistani mediators.West Texas Intermediate crude oil climbed 4.7% to $106.76 a barrel before the open, while Brent advanced 4.8% to $113.37.Investors will be looking ahead to fresh labor market data later this week, beginning with the Job Openings and Labor Turnover Survey for March on Tuesday, followed by the ADP employment report for April on Wednesday. The Challenger Job Cut report and the government's nonfarm payrolls data, both for last month, are scheduled to be released on Thursday and Friday, respectively.Treasury yields were moving higher in premarket action, with the two-year rate inclining 3.9 basis points to 3.93% and the 10-year rate gaining 3 basis points to 4.41%.Federal Reserve Bank of New York President John Williams is slated to speak at 12:50 pm ET.Several major companies are expected to release their latest financial results this week, including Advanced Micro Devices (AMD), Walt Disney (DIS), McDonald's (MCD), Uber Technologies (UBER), Shopify (SHOP) and Pfizer (PFE).Palantir Technologies (PLTR) is set to announce its earnings after the markets close, while Tyson Foods (TSN) posts its results before the bell, among others.Shares of eBay (EBAY) jumped 10% pre-bell after video game retailer GameStop (GME) said it has sent a proposal to acquire the e-commerce company in a deal worth about $55.5 billion. Nebius' (NBIS) US-listed stock increased 2.5%.Gold fell 1.9% to $4,555 per troy ounce, while bitcoin nudged up 0.3% to $79,000.

Dow JonesNasdaq CompositeS&P 500$AMD$DIS$EBAY$GME$MCD$NBIS$PFE$PLTR$SHOP$TSN$UBER
Japan

Update: US Equity Investors to Focus This Week on Risk of Iran Ceasefire Falling Apart, Earnings, Nonfarm Payrolls

(Updates to add more information on the headline)US equity investors will look out for Iran ending its ceasefire agreement with Washington if the US military escorts ships stranded in the Strait of Hormuz, while focusing on mega-cap quarterly earnings and labor market data this week.* An Iranian official warned the US will be attacked if it tries to approach or enter the Strait of Hormuz, after President Donald Trump said the US military will begin guiding stranded ships through the chokepoint on Monday, CNN reported. US Central Command said it would support the effort with 15,000 military personnel, more than 100 land and sea-based aircraft, warships, and drones, Reuters reported.* Concurrently, Trump reported "very positive discussions" with Iran, according to CNN. The Iranian Foreign Ministry is reviewing the US' reply to Tehran's latest peace proposal, CNN reported, citing the ministry.* Meanwhile, West Texas Intermediate crude oil futures rose 1.3% to $103.27, and Brent crude futures climbed 1.3% to $109.62 early Monday. Most US Treasury yields also advanced, with the 10-year up two basis points to 4.4% and the two-year higher by 2.3 basis points to 3.91%.* Quarterly earnings due this week include Palantir Technologies (PLTR), Advanced Micro Devices (AMD), Arista Networks (ANET), Arm Holdings (ARM), Uber Technologies (UBER), Applovin (APP), Shell (SHEL), McDonald's (MCD), and Walt Disney (DIS).* Macroeconomic data due this week include nonfarm payrolls, JOLTS job openings, ADP private payrolls, Challenger job cuts, ISM services PMI, and the University of Michigan's preliminary consumer sentiment and inflation expectations.* Europe will respond should Trump follow through on his threat to raise tariffs on cars and trucks from the European Union to 25%, Eurogroup President Kyriakos Pierrakakis told Bloomberg. "The number one choice is always dialogue," he said. "If there is a deviation from what we have agreed upon, obviously all options are on the table and all choices will be on the table."

Dow JonesNasdaq CompositeS&P 500$AMD$ANET$ARM$DIS$MCD$PLTR$SHEL$UBER
Asia Markets

US Equity Investors to Focus on Risk of Iran Ceasefire Falling Apart, Quarterly Earnings, Nonfarm Payrolls

US equity investors will look out for Iran ending its ceasefire agreement with Washington if the US military escorts ships stranded in the Strait of Hormuz, while focusing on mega-cap quarterly earnings and labor market data this week.* An Iranian official warned the US will be attacked if it tries to approach or enter the Strait of Hormuz, after President Donald Trump said the US military will begin guiding stranded ships through the chokepoint on Monday, CNN reported. US Central Command said it would support the effort with 15,000 military personnel, more than 100 land and sea-based aircraft, warships, and drones, Reuters reported.* Concurrently, Trump reported "very positive discussions" with Iran, according to CNN. The Iranian Foreign Ministry is reviewing the US' reply to Tehran's latest peace proposal, CNN reported, citing the ministry.* Meanwhile, West Texas Intermediate crude oil futures rose 1.3% to $103.27, and Brent crude futures climbed 1.3% to $109.62 early Monday. Most US Treasury yields also advanced, with the 10-year up two basis points to 4.4% and the two-year higher by 2.3 basis points to 3.91%.* Quarterly earnings due this week include Palantir Technologies (PLTR), Advanced Micro Devices (AMD), Arista Networks (ANET), Arm Holdings (ARM), Uber Technologies (UBER), Applovin (APP), Shell (SHEL), McDonald's (MCD), and Walt Disney (DIS).* Macroeconomic data due this week include nonfarm payrolls, JOLTS job openings, ADP private payrolls, Challenger job cuts, ISM services PMI, and the University of Michigan's preliminary consumer sentiment and inflation expectations.* Europe will respond should Trump follow through on his threat to raise tariffs on cars and trucks from the European Union to 25%, Eurogroup President Kyriakos Pierrakakis told Bloomberg. "The number one choice is always dialogue," he said. "If there is a deviation from what we have agreed upon, obviously all options are on the table and all choices will be on the table."

Dow JonesNasdaq CompositeS&P 500$AMD$ANET$ARM$DIS$MCD$PLTR$SHEL$UBER
Wire

Live Entertainment Poised to Capture Value in AI-Driven Content Surge, Morgan Stanley Says

Generative artificial intelligence is likely to commoditize content while live experiences, especially sports, are set to capture attention and generate the most value, Morgan Stanley said in a note emailed Friday.The firm sees Formula One (FWONK), TKO Group (TKO), Live Nation Entertainment (LYV), Walt Disney (DIS) and Sphere Entertainment (SPHR) as particularly resilient, "anti-fragile" entertainment assets in an AI-driven world.In a more fragmented and distracted world, "nothing captures viewer attention more than sports and live events, which carry urgency, unpredictability, and a sense of communal participation that reflect and shape the culture," the firm said, adding that these events' scarcity gives them stronger monetization and pricing power.The firm said Live Nation and Sphere Entertainment are the clearest examples of this trend. Disney's Parks and Resorts use well-known global intellectual property to create in-person experiences with strong pricing power. Formula One and TKO Group provide exposure to highly strategic trophy assets, with strong cash flows and attractive entry points, according to the note.Morgan Stanley adjusted price targets on Liberty Formula One from $120 to $117, Sphere Entertainment from $135 to $158, and TKO Group from $215 to $225, while TKO was also upgraded from equalweight to overweight. Paramount Skydance (PSKY) was upgraded from underweight to overweight and its price target was raised from $11 to $14.Price: $103.82, Change: $+0.07, Percent Change: +0.07%

$DIS$FWONK$LYV$PSKY$SPHR$TKO
Wire

CW Network, ESPN Team Up to Stream CW Sports Events

The CW Network and ESPN said Wednesday they are teaming up to make the ESPN App the exclusive streaming home for all CW Sports live events, including live coverage of college football and men's and women's basketball from the ACC.All CW Sports will broadcast live on The CW Network as well as stream live on the ESPN App for fans with an ESPN Unlimited subscription plan, according to the statement.The service is expected to be launched in summer 2026, it said. The CW is 81% owned by Nexstar Media Group (NXST).Price: $204.10, Change: $-0.10, Percent Change: -0.05%

$DIS$NXST
Wire

FCC Tells 8 Disney-Owned Stations to File Early License Renewal

FCC Tells 8 Disney-Owned Stations to File Early License Renewal

$DIS
Sectors

Sector Update: Consumer Stocks Mixed Tuesday Afternoon

Consumer stocks were mixed Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.7%.Redbook US same-store sales rose by 7.7% from a year earlier in the week ended April 25 after a 6.7% year-over-year increase in the previous week, with sales benefitting from an extra selling day this year compared with last year due to the timing of Easter.In corporate news, Coca-Cola (KO) lifted its full-year earnings growth outlook on Tuesday as the beverages giant posted fiscal Q1 results above market expectations amid pricing and volume gains. Its shares jumped past 5%.General Motors (GM) raised its full-year earnings outlook and trimmed its tariff hit forecast on Tuesday, as the automaker reported an unexpected year-over-year increase in its Q1 bottom line. GM shares added 0.2%.Walt Disney's (DIS) broadcast licenses may be headed for review by the US Federal Communications Commission, Semafor reported Tuesday. Disney shares were down 0.6%.Copa's (CPA) Copa Airlines reached a $13.5 billion deal with Boeing (BA) to incorporate up to 60 of the airplane maker's 737 Max jets over the next eight years, Reuters reported. Copa shares shed 0.6%.

$CPA$DIS$GM$KO

Showing 21-40 of 50