nasdaqpara
PARA stock drop bodes poorly for other streaming businesses as dividend cut reflects fundamental challenges ahead Amid another soft session on Wall Street Thursday, Paramount Global (NASDAQ:PARA) incurred the brunt of the volatility, with PARA stock cratering to the tune of over 28% against the prior session. Primarily, Paramount delivered disappointing results with its first quarter of 2023 earnings report, casting a dark cloud over the Hollywood machinery already beset by a writer’s strike. In particular, investors question the viability of streaming businesses. On the top line, the mass-med...
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Comcast is an asset bonanza with 51% broadband footprint in the U.S.Comcast loses cable TV customers, but gains on the broadband, streaming and advertising businessShares are trading at historic lows of 9X forward earnings with 3.33% dividend yieldGlobal media and communications company Comcast (NASDAQ:CMCSA) stock is down (-37%) on the year and testing its pandemic lows. Despite the cord cutting trend that is killing its legacy cable video tv business losing (-521,000) customers in Q2 2022, the Company is still showing strong profits. Q2 2022 hedge fund letters, conferences and more Find A Qu...
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In hisDaily Market Notes report to investors, while commenting on semiconductor stocks, Louis Navellier wrote: Finally an across-the-board rally. Stock futures surged overnight, with the S&P rising from Monday’s close of 4,008 to 4,086 and only giving back a little before the market opened as Shanghai announces “zero Covid”. The VIX has been dropping since Friday morning from 34 and is now below 27 which lends support from options trading. This strength is despite rising oil prices with WTI now north of $112/bbl and natural gas well above $8/mcf. Q1 2022 hedge fund letters, conferences and mor...
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