My top 10 things to watch Thursday, Feb. 8 Disney quarter and outlook are better than expected. Bigger dividend: 50% increase to 45 cents per share. Guidance calls for full-year fiscal 2024 adjusted earnings per share to grow by at least 20% over 2023. The Club stock jumps nearly 7%. Disney is looking for double-digit profit margins in streaming and cost cuts, but I don’t know if it can do it. New CFO Hugh Johnston, used to be at PepsiCo , talks about a “sense of urgency” which is, I think, entirely activist investor Nelson Peltz, who is fighting for board seats. Looking ahead, big Disney movies are coming to theaters: sequels to “Deadpool,” set for July, and “Moana,” set for November. Taylor Swift’s “Eras Tour” concert film finds its streaming home at Disney+, available in March. Signups could be big. Disney also invests $1.5 billion Fortnite maker Epic Games. Wall Street is headed for a mixed open after the S & P 500 closed just shy of 5,000 on Wednesday. Another record close. The Dow also finished at another closing high. The Nasdaq ended the session Wednesday less than 2% away from its November 2021 record close. Club name Wynn Resorts is firing on all cylinders. Remarkable quarter: Las Vegas best and Macao now doing incredibly well and could be even better. This weekend is expected to be huge, with the Super Bowl in Vegas. Both Vegas and Macao can benefit from celebrations around the Chinese New Year. The stock gets a well-deserved 3%-plus bump. Shares of Wynn are cheap on a valuation basis, considering the company is operating at improved levels of profitability and all operating regions are strong or getting stronger. Plus, the upside is expected from the Wynn Al Marjan project, which broke ground this year, in United Arab Emirates. PayPal will take longer than we thought. No turnaround plan in sight. The stock is down roughly 9% after lower-than-expected guidance. Arm Holdings is crushing it in cloud, smartphones and personal computer. Internet-of-things…
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