The Street was disappointed by lower-than-expected revenues from Disney’s earnings report on Wednesday, but investors should care more about the company’s multiple, said David Bank, media analyst for RBC Capital Markets. Read More
I sat down with Disney CEO Bob Iger immediately following the company’s earnings beat—the company reported 80 cents of earnings per share, compared to the 72 cents Wall Street projected. Read More
The slow progress in Greece’s debt talks will hang over markets Wednesday, as investors also watch one of the last big blasts of the quarter’s earnings news. Read More
Fed Chairman Ben Bernanke is likely to repeat his case Tuesday for a long period of low rates, and he’ll keep markets guessing about whether the Fed will do more quantitative easing. Read More
You might be wondering why Bank of America puts are so active today, especially in the May expiry. Do options traders doubt the rally in the banks? Do they view BofA’s prospects as less than rosy? Plausible explanations for sure, but perhaps a simpler reason exists: Friday’s Options Action. Read More
“There’s no fear in this market right now. They’ve absolutely crushed volatility,” one options trader said. In the week ahead, traders will be watching testimony from Bernanke and earnings from Coke, Disney & more. Read More
The Academy Awards may give News Corp. the most-needed revenue following an abysmal year at the box office through increased viewership of its two best picture-nominated films — “The Descendants” and “Tree of Life.” Read More