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Disney’s disputes make streaming firms tumble


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Last Week’s Highlights

Disney falls amid dispute with Charter

The dispute between Disney and Charter Communications over distribution fees has led to the discontinuation of several channels, including ESPN and ABC, for customers of Charter’s Spectrum cable service. Disney pulled these channels in the middle of coverage of live sporting events, such as the U.S. Open and college soccer. Charter claimed it offered a fair deal, but Disney demanded an excessive increase in programming fees. The main concern centers on ESPN, which does not offer a streaming service and is essential to Charter’s video business. Both companies have expressed a willingness to negotiate, but the financial consequences could be significant for both sides, with Disney considering options such as a direct-to-consumer approach for ESPN. The situation has generated concern among fans and viewers, while other media companies have also experienced stock declines due to the dispute.

Taylor Swift makes AMC shares jump

Taylor Swift’s “Eras” tour film version is making waves, boosting AMC Entertainment’s 4.38% in Friday’s trading session. The film set a new record for AMC, generating $26 million in advance ticket sales in a single day, surpassing the previous record for “Spider-Man: No Way Home.” Due to high demand, AMC plans to add additional time slots for its October 13 premiere. In addition, the premiere of “Equalizer 3” is expected to gross close to $30 million over the weekend. Despite a consensus rating of “moderate sell” by analysts on Wall Street, AMC’s 2023 average stock price target is $21.13 per share, implying a potential upside of more than 61%.

Coming Up This Week

Lululemon raises annual forecasts… again

Lululemon Athletica reported that the third quarter got off to a solid start driven by growth in North America, prompting the yoga apparel maker to raise its annual profit and revenue guidance for the second time. Sales in North America rose 11% in the second quarter, with an increase in sportswear and accessories purchases, and the company also gained market share in the United States. Sales in China experienced a 61% increase, despite some slowdown in growth rates due to global economic uncertainty. Lululemon attributed its success to continued demand for comfortable clothing and new product introductions. The company also increased its gross margins and now forecasts higher annual revenues and profits by 2023.

Dell gains on raising full-year forecasts

Dell Technologies has raised its full-year revenue and profit projections due to the growing influence of artificial intelligence (AI) and stabilizing demand for computer hardware and servers after several months of decline. This is reflected in an 8% increase in the value of the company’s shares in extended trading. The results indicate a possible end to the decline in technology spending, aligning with other positive indicators in the sector. Dell expects demand for its PowerEdge servers and generative AI solutions with Nvidia to continue to rise, driven by AI investments from large technology companies. The revenue and profit projections beat analysts’ estimates, reflecting Dell’s strong market position compared with rival HP Inc., which has cut its forecast due to demand challenges and weakness in China.


On Friday, the S&P 500 closed in positive territory boosted by unemployment data, increasing confidence that interest rate hikes may not occur this month.

However, shares of streaming companies suffered declines due to a rate dispute between Disney and Charter Communications. Meanwhile, Tesla Inc. was the most actively traded stock, down 5% after cutting prices of its Model S and Model X vehicles in the United States.

The S&P 500 ended the week up 0.18% at 4,515.77 points, the Dow Jones was up 0.33%, while the Nasdaq fell slightly by 0.02%.
Raymond James says buy these 2 high-yield dividend stocks.

More Things to Sip On…

Walgreens CEO Brewer abruptly steps down.
Energy sector gains as Russia unveils new supply cut plans.
Cannabis stocks see unexpected shifts as politics rearrange.


An investment in knowledge pays the best interest.

– Benjamin Franklin –

All information provided was collected up to the last business day of the previous week of the release of this NewsFlight. The purpose of NewsFlight is to summarize and make accessible information on a variety of topics within the world of investing and personal finance, and thus cannot be considered formal research or reports. All sources utilized to compile the NewsFlight newsletter are considered trustworthy by the FlexInvest team. FlexInvest is not affiliated with and does not receive remuneration from the news sources used to compile NewsFlight. As well, any images or logos incorporated into the NewsFlight newsletter are not necessarily property of FlexInvest and may solely be included to provide context for the news covered. NewsFlight should not be taken as advice to sell or buy securities or to make any investment. When investing in securities or other financial products, there is always the potential to lose money or asset value. FlexInvest recommends that its users consider their investment objectives and risks before investing. Additionally, any projections or analysis made by authors of NewsFlight cannot be considered as a promise of future trends or returns. Opinions expressed in NewsFlight are not representative of FlexInvest.