FINWIRES · TerminalLIVE
FINWIRES

$FOXA

18 stories mentioning FOXA

Every FINWIRES story that references FOXA, newest first.

Sectors

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.7%.In corporate news, Fox (FOXA, FOX) agreed to acquire Roku (ROKU) in a cash-and-stock deal that values the TV streaming platform at about $22 billion. Roku shares declined 1.5%, and Fox Class A and Class B shares fell 16% and 15% respectively.The request by Amazon's (AMZN) Whole Foods for a review of the January 2025 vote by workers at a Philadelphia store location to unionize was denied Monday by the US National Labor Relations Board. Amazon shares were up 3.1%.Anheuser-Busch InBev (BUD) plans to invest over $20 million in its St. Louis and Arnold, Missouri, operations. Anheuser-Busch shares were down 1.5%.China's market regulator has ordered Walmart-owned (WMT) Sam's Club to strengthen food safety controls across its supply chain following the discovery of food safety issues, Reuters reported. The report said the State Administration for Market Regulation held talks with a Sam's Club executive and instructed the retailer to eliminate risks and safeguard consumer food safety. Walmart shares were decreasing 0.3%.

$AMZN$BUD$FOX$FOXA$ROKU$WMT
Update: Equity Markets Rally Intraday, Oil Tumbles Following US-Iran Deal
US Markets

Update: Equity Markets Rally Intraday, Oil Tumbles Following US-Iran Deal

(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday, while oil prices sank as markets cheered an agreement between Washington and Iran to end their war and reopen the crucial Strait of Hormuz.The Nasdaq Composite was up 3.1% at 26,677.8 after midday Monday, while the S&P 500 rose 1.9% to 7,569.3. The Dow Jones Industrial Average gained 1.3% to 51,878.1. Most sectors were in the green, led by technology's 3.3% advance, while energy saw the steepest drop.On Sunday, US President Donald Trump said that a deal with Iran was "complete" and that he authorized the immediate removal of the US naval blockade of Iranian ports. In a separate social media post, Trump said the Strait of Hormuz will reopen for mine removal upon the signing of the peace agreement, scheduled for Friday in Switzerland.The strait has been effectively shut since the end of February, when the US and Israel launched joint strikes on Iran.West Texas Intermediate crude oil was down 5.3% at $80.41 a barrel intraday Monday, while Brent fell 4.9% to $83.02."The market driver is an alleged peace framework between the US and Iran that does have the advantage of getting oil flowing through the Strait of Hormuz, at least for now," Scotiabank said in a note.Separately, Rystad Energy said the US-Iran peace framework has lifted sentiment, but it will take time for oil supply to improve meaningfully.US Treasury yields were lower intraday, with the two-year rate down 2.5 basis points at 4.06% and the 10-year rate falling 1.5 basis points to 4.47%.The Federal Reserve is scheduled to kick-off its two-day monetary policy meeting Tuesday. Policymakers are widely expected to leave their benchmark lending rate unchanged Wednesday, which would mark their fourth consecutive pause, according to the CME FedWatch tool.The central bank's so-called "dot plot" may signal no interest rate cuts until 2028, said UBS Securities, which flagged the possibility of a tighter monetary policy amid the energy price shock stemming from the Middle East conflict."We have been saying since early March the energy price increase and potential supply disruptions (amid the Iran war) widened the potential outcomes for the future path of the funds rate, including rate hikes," UBS said in a note.In economic news, US industrial production increased less than estimated in May as nondurable manufacturing fell, while mining output increased, Fed data showed.US homebuilder confidence declined this month as rising material costs and high mortgage rates stoked affordability concerns, the National Association of Home Builders and Wells Fargo said."Costly and inefficient regulatory policy is clearly impeding the ability of builders to increase the housing supply," NAHB Chief Economist Robert Dietz said. "Easing permitting bottlenecks, density limits and inefficient zoning rules would help reduce costs and support the housing growth the nation needs."SpaceX (SPCX) was up 14% intraday, after the Elon Musk-led company finished its trading debut on Friday up 19%.Certain other big tech names were also higher intraday Monday, with Nvidia (NVDA) up 3.5%, among the best performers on the Dow. Microsoft (MSFT) rose 2.3%.In company news, Fox (FOX, FOXA) agreed to acquire Roku (ROKU) in a cash-and-stock deal that values the TV streaming platform at about $22 billion, creating a media and technology entity with one of the largest streaming businesses in the US.Fox's class A and B shares were down 16% and 15%, respectively, the worst performers on the S&P 500, while Roku fell 1.8%.Payoneer (PAYO) agreed to be acquired by Canada's Nuvei in an all-cash transaction valued at about $2.75 billion, creating a global platform for local and cross-border commerce. Payoneer shares were up 4.1%.Accenture (ACN), Jabil (JBL) and Kroger (KR) are scheduled to report their latest quarterly financial results later this week, along with others.US markets will be closed Friday for the Juneteenth National Independence Day holiday.Gold was up 2.9% at $4,360.80 per troy ounce, while silver climbed 3.6% to $70.42 per ounce.

Dow JonesNasdaq CompositeS&P 500$ACN$FOX$FOXA$JBL$KR$MSFT$NVDA$PAYO$ROKU$SPCX
Wire

Top Midday Decliners

Elicio Therapeutics (ELTX) said Monday its Phase 2 clinical study evaluating the experimental pancreatic cancer therapy ELI-002 7p failed to meet the pre-specified primary endpoint of disease-free survival.Shares sank 72% after a surge in intraday trading volume to over 7.10 million from a daily average of about 131,000.Comtech Telecommunications (CMTL) agreed to sell most of its Satellite and Space Communications segment to Gilat Satellite Networks (GILT) for $157.5 million, the companies said in separate statements Monday.Shares of Comtech Telecommunications plummeted 43% as intraday trading volume climbed to more than 3.72 million, versus a daily average of about 297,000.Fox (FOX, FOXA) agreed to acquire Roku (ROKU) in a cash-and-stock deal that values the TV streaming platform at about $22 billion, creating a media and technology entity with one of the largest streaming businesses in the US.Fox shares dropped 16%, with intraday trading volume rising to more than 4.48 million from the stock's daily average of about 1.33 million.Price: $4.09, Change: $-10.77, Percent Change: -72.49%

$CMTL$ELTX$FOX$FOXA$GILT
Asia Markets

Update: US Equity Indexes Soar, Crude Oil Sinks as Interim Deal Agreed to End Iran War

(Updates with index/price moves, macroeconomic data, and political/company news from the first paragraph.)US equity indexes jumped while crude oil and government bond yields slumped after the US and Iran reached a framework agreement to end the war in the Middle East.The Nasdaq Composite surged 3% to 26,669.5, with the S&P 500 up 1.9% to 7,571.2, and the Dow Jones Industrial Average higher by 1.4% to 51,920.8 after midday Monday. Technology, communication services, and consumer discretionary led the gainers, while energy was the standout decliner.Iran's Supreme National Security Council confirmed on Sunday that a memorandum of understanding had been reached, with military operations on all fronts set to cease immediately. No text of the MoU has been released, and the duo has offered conflicting accounts of what will follow a signing ceremony in Switzerland on Friday, CNN reported.The peace deal will end the US blockade of Iranian ports and reopen the Strait of Hormuz, according to multiple media reports. Iran's Foreign Ministry spokesman, Esmail Baghaei, said the ceasefire in Lebanon - one of Iran's preconditions for a negotiated settlement - has been observed in the memorandum of understanding, Al Jazeera reported.Israel's defense minister said Monday that the country wouldn't withdraw from land seized in Lebanon, where Israel is fighting the Iranian-backed Hezbollah militant group, according to a report from the Associated Press.If Iran abides by its commitments to reopen the Strait of Hormuz and not develop a nuclear weapon, then it will be "reinvited into the world economy," and US sanctions in the region will be loosened, a Stifel note cited US Vice President JD Vance as saying on CNBC on Monday.Crude oil futures slumped. Front-month global benchmark North Sea Brent slumped 4.3% to $80.61 per barrel, and US West Texas Intermediate slid 4.1% to $83.28 per barrel."Whether prices, currently around $13 above pre-war levels, can fall further will depend on several factors, including the pace at which commercial and strategic stockpiles are replenished, how quickly shut-in production can be brought back online, and the extent of any lasting demand destruction caused by a prolonged period of elevated energy prices," Saxo Bank said in a note.Most US Treasury yields fell, with the 10-year down 1.6 basis points to 4.47% and the two-year lower by 2.5 basis points to 4.06%.In precious metals, gold futures jumped 2.8% to $4,355.51, while silver futures climbed 3.3% to $70.22.In company news, Fox (FOX, FOXA) agreed to acquire Roku (ROKU) in a cash-and-stock deal that values the TV streaming platform at about $22 billion, creating a media and technology entity with one of the largest streaming businesses in the US. Shares of Fox slumped 16%, the worst performer on the S&P 500 and the Nasdaq.In economic news, industrial production rose by 0.1% in May, compared with expectations for a larger 0.3% increase in a Bloomberg-compiled survey, and following an upwardly revised 0.9% increase in April.The National Association of Home Builders' monthly housing market index fell to 35 in June from a revised 37 in May, compared with expectations for a 37 print in a Bloomberg-compiled poll. The index was still above 32, as reported a year earlier.The New York Federal Reserve's Empire State manufacturing index fell to 5.7 in June from 19.6 in May, compared with a smaller expected decrease to 13.5 in a survey compiled by Bloomberg. The Empire State index is the first manufacturing sector reading for June and suggests a slower pace of expansion.

Dow JonesNasdaq CompositeS&P 500$FOX$FOXA$ROKU
Sectors

Sector Update: Consumer Stocks Mixed Monday Afternoon

Consumer stocks were mixed Monday 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 1.9%.In corporate news, Fox (FOXA, FOX) agreed to acquire Roku (ROKU) in a cash-and-stock deal that values the TV streaming platform at about $22 billion. Roku shares declined 0.9%, and Fox Class A and Class B shares fell 16% and 15% respectively.Anheuser-Busch InBev (BUD) plans to invest over $20 million in its St. Louis and Arnold, Missouri, operations. Anheuser-Busch shares were down 1%.China's market regulator has ordered Walmart-owned (WMT) Sam's Club to strengthen food safety controls across its supply chain following the discovery of food safety issues, Reuters reported. The report said the State Administration for Market Regulation held talks with a Sam's Club executive and instructed the retailer to eliminate risks and safeguard consumer food safety. Walmart shares were decreasing 0.2%.

$BUD$FOX$FOXA$ROKU$WMT
Sectors

Sector Update: Consumer

Consumer stocks were mixed Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.9%.In corporate news, Fox (FOXA, FOX) agreed to acquire Roku (ROKU) in a cash-and-stock deal that values the TV streaming platform at about $22 billion. Roku shares declined 0.7%, and Fox Class A and Class B shares fell 16% and 15% respectively.

$FOX$FOXA$ROKU
Wire

Barclays Adjusts Price Target on Fox to $60 From $67, Maintains Equalweight Rating

Fox (FOXA) has an average rating of overweight and mean price target of $71.87, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $54.94, Change: $-10.91, Percent Change: -16.57%

$FOX$FOXA
Fox to Buy Roku in $22 Billion Cash-Stock Deal
US Markets

Fox to Buy Roku in $22 Billion Cash-Stock Deal

Fox (FOX, FOXA) agreed to acquire Roku (ROKU) in a cash-and-stock deal that values the TV streaming platform at about $22 billion, creating a media and technology entity with one of the largest streaming businesses in the US.Fox will pay $160 per Roku's share, comprised of $96 in cash and 0.9693 of the media company's class A shares, the companies said in a joint statement on Monday.Roku's shares declined 2.2% intraday, while Fox's class A and B stock plunged 18% and 17%, respectively.Roku serves more than 100 million global streaming households through its streaming players, TVs and The Roku Channel. The combined company is expected to become the third largest entity in US television by share of viewing, the companies said. Fox owns the Tubi streaming service."This combination will transform the scope of our company into high-growth verticals and yield a step change in our overall growth profile," Fox Chief Executive Lachlan Murdoch said.The acquisition offers Fox "a wider entry" into the high-growth connected TV segment, especially advertising and streaming subscriptions, the company said. It boosts the media giant's long-term growth and accelerates its digital strategy.Fox anticipates the deal to generate run-rate cost synergies of $400 million, with revenue upside."The combination with Fox is an extraordinary opportunity to accelerate our vision, scale faster and innovate more aggressively for viewers, partners and advertisers," Roku CEO Anthony Wood said. "This transaction offers a significant premium to Roku shareholders while also providing them with the opportunity to participate in the compelling future upside of the combined company."The transaction, which requires approval from both companies' shareholders and clearance from US and non-US regulators, is expected to complete in the first half of next year. Wood and certain trusts and entities that collectively holding a majority of the voting power at Roku, have agreed to vote in favor of the deal.Following completion, Fox shareholders are expected to own about 73% of the combined company, with Roku's investors holding the remaining 27% stake. Wood is set to have an "ongoing role" at the combined company.At the end of April, Roku reported first-quarter net income of $0.57 a share, swinging from a loss of $0.19 the year before. Overall revenue improved 22% to $1.25 billion. At the time, the company said it expected revenue of $5.5 billion for 2026.Last month, Fox recorded a surprise increase in fiscal third-quarter earnings, while its revenue topped estimates amid distribution growth.

$FOX$FOXA$ROKU
Wire

Seaport Global Securities Adjusts Fox Price Target to $72 From $71, Maintains Buy Rating

Seaport Global Securities Adjusts Fox Price Target to $72 From $71, Maintains Buy Rating

$FOX$FOXA
Wire

Fox Outperformed in Fiscal Q3 Given Sports and News Focus, UBS Says

Fox's (FOXA) fiscal Q3 results outperformed as the company continues to benefit from its sports and news focus, but the NFL renewal remains an overhang on the stock, UBS Securities said in a note emailed Tuesday.Cable distribution revenue grew 5.5% in fiscal Q3, and UBS expects growth of 4.7% in fiscal Q4 amid stable linear trends and continued year-over-year boost from the launch of FOX One, according to the note.UBS estimates nearly 3 million subscribers by fiscal 2030, in line with management's prior commentary for low- to mid-single-digit millions of subscribers over 3 to 4 years, according to the note.The brokerage expects corporate losses to remain high in fiscal Q4 due to the FOX One investment, driving losses up about $180 million for the full fiscal year. However, it expects improvement in fiscal 2027 and beyond, according to the note.UBS expects a sizable working capital headwind from the World Cup in fiscal 2026. It now estimates free cash flow of $1.6 billion for fiscal 2026 and $3.5 billion for fiscal 2027, versus the prior estimates of $1.47 billion and $3.43 billion, respectively.UBS kept a buy rating on Fox with a price target of $78.Price: $66.29, Change: $-1.43, Percent Change: -2.11%

$FOXA
Wire

Seaport Global Lifts Price Target on Fox to $71 From $64, Maintains Buy Rating

Fox (FOX) has an average rating of overweight and mean price target of $70.80, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $60.09, Change: $-1.09, Percent Change: -1.78%

$FOX$FOXA
S&P 500, Nasdaq Reach New Peaks as Traders Track US-Iran Conflict
US Markets

S&P 500, Nasdaq Reach New Peaks as Traders Track US-Iran Conflict

The S&P 500 and the Nasdaq Composite hit fresh highs on Monday as traders continued to track developments in the Middle East that sent oil prices rising.The S&P 500 rose 0.2% to 7,412.8, while the Nasdaq added 0.1% to 26,274.1 -- both logging new closing highs. The Dow Jones Industrial Average climbed 0.2% to 49,704.5.Six of the 11 sectors ended in the green, led by energy, while communication services saw biggest drop.West Texas Intermediate crude was last up 3% to $98.25 a barrel, while Brent advanced 2.9% to $104.23.US President Donald Trump on Sunday rejected Iran's counteroffer to end the war, extending uncertainty around oil flows through the Strait of Hormuz.The US-Iran ceasefire is on "massive life support" and "unbelievably weak," news outlets reported Monday, citing Trump.Iran's proposal, delivered via mediator Pakistan, sought an immediate end to hostilities, the lifting of the US naval blockade of its ports and assurances against further aggression, BBC News reported, citing Iran's semi-official Tasnim news agency.Trump is scheduled to arrive in China Wednesday for a high-stakes state visit, with talks set to take place Thursday and Friday."The US will want China to use its influence with Tehran, especially because China is a major buyer of Iranian oil," Saxo Bank Chief Investment Strategist Charu Chanana said in a report Monday. "China, meanwhile, wants energy security and stable shipping lanes, but it is unlikely to appear as if it is acting under US instruction."US Treasury yields were higher, with the 10-year rate up 5.6 basis points at 4.42% and the two-year rate rising 6.7 basis points to 3.96%.Some 89% of S&P 500 companies have reported quarterly results in the latest cycle, with earnings up about 25% from a year earlier and revenue rising 10%, Oppenheimer Asset Management said in a note. Ahead of the earnings season, FactSet put expected earnings growth at 12.6% year over year."Notwithstanding the recent powerful rallies in stocks driven by earnings growth and better than expected US economic data over the past week, challenges remain to finding resolution to the conflict in the Middle East," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said.Cisco Systems (CSCO) and Applied Materials (AMAT) are among the major names scheduled to report this week.Nvidia (NVDA) rose 2%, among the best performers on the Dow, while Qualcomm (QCOM) jumped 8.4%, among the biggest gainers on the S&P 500.Lumentum (LITE) shares surged nearly 17%, the top gainer on the S&P 500, after the company said it is set to join the Nasdaq-100 index, effective May 18.Trade Desk (TTD) shares slumped 6.8%, among the worst performers on the S&P 500, after HSBC downgraded the stock to reduce from hold while adjusting its price target to $20 from $31.Fox (FOX, FOXA) reported a surprise increase in quarterly earnings, while the media company's revenue topped estimates amid distribution growth. Fox's class A and B shares rose 7.6% and 8.1%, respectively.In economic news, US existing home sales increased less than projected in April, data from the National Association of Realtors showed."Despite mixed macroeconomic signals -- including a record-high stock market and historically low consumer confidence -- home sales were modestly boosted by the continued improvement in housing affordability," NAR Chief Economist Lawrence Yun said.Gold was last up 0.3% at $4,744.50 per troy ounce, while silver jumped 7.1% to $86.61 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMAT$CSCO$FOX$FOXA$LITE$NVDA$QCOM$TTD
Sectors

Sector Update: Consumer Stocks Decline Late Afternoon

Consumer stocks fell late Monday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) declining 1.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.6%.In corporate news, General Motors (GM) plans to cut hundreds of jobs in its information technology department in an effort to reduce costs, Bloomberg reported. The cuts will impact around 500 to 600 workers, the report said. GM shares were down 4.6%.Texas Attorney General Ken Paxton said Monday he has sued Netflix (NFLX) for allegedly spying on Texans by collecting users' data without their consent or knowledge. Netflix shares fell 2.6%.Walt Disney's (DIS) ABC network has been the victim of "sustained, coordinated" censorship by the Trump administration, Federal Communications Commissioner Anna Gomez said in a letter to Disney CEO Josh D'Amaro, The Wall Street Journal reported. Disney shares were down 3.2%.Fox (FOXA, FOX) reported a surprise increase in quarterly earnings on Monday, while the media company's revenue topped estimates amid distribution growth. Its Class A shares rose 7.7%, and the Class B shares climbed 8.3%.

$DIS$FOX$FOXA$GM$NFLX
Wire

Goldman Sachs Raises Fox Price Target to $81 From $75

Fox (FOX, FOXA) has an average rating of overweight and mean price target of $69.38, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $60.10, Change: $+3.50, Percent Change: +6.18%

$FOX$FOXA
Sectors

Sector Update: Consumer Stocks Decline Monday Afternoon

Consumer stocks fell Monday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) declining 1.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) dropping 0.7%.In corporate news, Texas Attorney General Ken Paxton said Monday he has sued Netflix (NFLX) for allegedly spying on Texans by collecting users' data without their consent or knowledge. Netflix shares fell 2.4%.Walt Disney's (DIS) ABC network has been the victim of "sustained, coordinated" censorship by the Trump administration, Federal Communications Commissioner Anna Gomez said in a letter to Disney CEO Josh D'Amaro, The Wall Street Journal reported. Disney shares were down 3%.Fox (FOX, FOXA) reported a surprise increase in quarterly earnings on Monday, while the media company's revenue topped estimates amid distribution growth. Its Class A shares rose 4%, and the Class B shares climbed 4.4%.

$DIS$FOX$FOXA$NFLX
Fox Posts Surprise Quarterly Earnings Growth Amid Distribution Revenue Strength
US Markets

Fox Posts Surprise Quarterly Earnings Growth Amid Distribution Revenue Strength

Fox (FOX, FOXA) reported a surprise increase in quarterly earnings on Monday, while the media company's revenue topped estimates amid distribution growth.Adjusted per-share earnings for the fiscal third quarter ended March 31 quarter rose to $1.32 from $1.10 a year earlier. Analysts in a FactSet survey expected a drop to $1. Revenue fell $3.99 billion from $4.37 billion, but exceeded the consensus estimate of $3.78 billion.Fox's class A and B shares were up 3.6% each in Monday trade.Distribution revenue grew 3% to $2.11 billion amid gains in the cable network programming segment.The results reflected "strong core top-line delivery from ongoing advertising trends and distribution revenue growth," Chief Executive Lachlan Murdoch said during an earnings call, according to a FactSet transcript.Advertising revenue fell to $1.56 billion from last year's $2.04 billion, which included the Super Bowl broadcast. However, an additional National Football League Wild Card game and growth in streaming platform Tubi helped buoy ad sales."Excluding the Super Bowl impact, advertising revenue would have grown double digits driven by strength across the company," Murdoch said. "And that momentum continues into our fiscal fourth quarter. The strength of these trends is most evident at Fox News, which achieved its highest third-quarter advertising revenue ever."By segment, cable network programming revenue increased to $1.74 billion from $1.64 billion. Television revenue fell to $2.2 billion from $2.7 billion."Television distribution revenue was down 1%, which continues to be in-line with our expectation for TV distribution revenue to be about flat for the full year before returning to growth in fiscal 2027," Chief Financial Officer Steve Tomsic said on the call.Price: $58.94, Change: $+2.34, Percent Change: +4.13%

$FOX$FOXA
Research

Research Alert: Fox Corporation Reports Earnings And Revenue Beat

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:FOXA delivered solid Q3 FY 26 (Jun.) results with adjusted EPS of $1.32 vs. $1.10 prior year, beating consensus by $0.35. Revenue of $3.99B beat the $3.81B consensus estimate. Adjusted EBITDA rose to $954M from $856M, led by operational discipline and cost management across segments. We continue to see strong sports and news franchises providing pricing power and audience engagement, with NFL content delivering higher ratings and advertising demand, indicating margin expansion potential. FOXA will deliver the FIFA World Cup in the U.S. with an expanded 104-match schedule over five weeks, providing significant exposure opportunity. Tubi revenue grew a healthy 23% in Q3, building on nearly 100M monthly active users who will engage with World Cup content. We think operating leverage opportunities demonstrate EBITDA growth outpacing revenue growth in both segments. FOXA repurchased $100M in shares in Q3 and maintains a strong balance sheet with $3.6B cash and $6.61B in total debt outstanding as of March 31, 2026.

$FOXA
Stocks Down Pre-Bell as US Rejects Iran's Response to Peace Plan; Investors Await Key Inflation Data
US Markets

Stocks Down Pre-Bell as US Rejects Iran's Response to Peace Plan; Investors Await Key Inflation Data

The benchmark US stock measures were pointing lower before the opening bell Monday as the US rejected Iran's response to its proposal to end their war in the Middle East, while traders await key inflation data later in the week.The S&P 500 and the Nasdaq edged down 0.1% each in premarket activity, while the Dow Jones Industrial Average was slightly in the red. The indexes finished Friday trading in the green, with the S&P 500 and the Nasdaq logging new closing highs.Iran formally sent a response to the latest US peace proposal, outlining its own demands and leaving key gaps between the two sides, The Wall Street Journal reported Sunday. Tehran's response didn't resolve Washington's demand for commitments on its nuclear program and stockpile of highly enriched uranium, according to the report."I have just read the response from Iran's so-called 'representatives,'" President Donald Trump said in a social media post on Sunday. "I don't like it - totally unacceptable!"Iran has reportedly insisted on compensation for war damages, control over the crucial Strait of Hormuz, lifting all sanctions on it and the release of frozen assets.Israeli Prime Minister Benjamin Netanyahu reportedly said in a recent interview with CBS that the war with Iran is not over. "There is still enrichment sites that have to be dismantled, there's still proxies that Iran supports, there are ballistic missiles that they still want to produce ... there's work to be done," Netanyahu said.West Texas Intermediate crude oil increased 2.5% to $97.79 a barrel before the open, while Brent advanced 2.4% to $103.72.Treasury yields were trending upwards in premarket action, with the two-year rate rising 2.9 basis points to 3.92% and the 10-year rate gaining 2.6 basis points to 4.39%.The consumer price index for April is scheduled to be released on Tuesday, followed by data on wholesale prices for the same month on Wednesday. Last month's retail sales report is due on Thursday.Last week, government data showed that the US economy added more jobs than expected in April, while the unemployment rate remained unchanged.For the Federal Reserve, the hiring momentum further shifts the focus to inflation, keeping it on the sidelines for now, "and raising the possibility of future rate hikes," Stifel Chief Economist Lindsey Piegza said in a report e-mailed toon Friday.Consumer sentiment continued to fall in May as cost pressures tied to the Middle East conflict sent the measure tumbling to fresh lows, a survey by the University of Michigan showed Friday.Monday's thin economic calendar has the existing home sales report for April at 10 am ET.Constellation Energy (CEG), Circle Internet (CRCL), Fox (FOX, FOXA), Mosaic (MOS) and Monday.com (MNDY) are slated to report their latest financial results before the bell, among others.Shares of Micron Technology (MU) rose 2.6% pre-bell after closing Friday's trading session up 16%. Hims & Hers Health (HIMS) added 4.5% after the stock closed 10% higher in the previous session. Intel (INTC) climbed 5.5%.Gold declined 1.3% to $4,671 per troy ounce, while bitcoin slipped 0.5% to $81,015.

Dow JonesNasdaq CompositeS&P 500$CEG$CRCL$FOX$FOXA$HIMS$INTC$MNDY$MOS$MU