Breaking News
Get 40% Off 0
Is NVDA a 🟢 buy or 🔴 sell? Unlock Now

Disney's Quarter, Pot Stocks, Bumble IPO: 3 Things to Watch

Published Feb 10, 2021 04:04PM ET Updated Feb 10, 2021 04:11PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
GM
+1.16%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DIS
-1.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
GME
0.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
WEED
-3.74%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
APHA
0.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
CGC
-3.71%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Liz Moyer

Investing.com --  The Dow eked out a record close on Wednesday as Fed Chairman Jerome Powell tried to deflect inflation worries.

In a speech, the central bank chief said rising prices after the pandemic are not likely to be sustained, and that it was important to maintain the status quo on policy. 

Earnings continued to roll in mostly positive but some companies spoke about near-term challenges. General Motors Company (NYSE:GM), for example, had a better-than-expected fourth quarter but said a chip shortage affecting the whole industry could cost it $1.5 billion to $2 billion this year. Its shares fell in reaction.

The Senate’s second trial of former President Donald Trump, the only to be impeached twice while in office, continued as House managers outlined their case for conviction. 

Here are three things that could affect markets tomorrow:

1. Disney earnings

The happiest place on Earth wasn’t too happy last year, as Covid-19 forced it to close its theme parks. The movie business wasn’t so hot, either, with theaters also shut to new runs. Walt Disney Company (NYSE:DIS) solve that problem with its Disney+ streaming service, which got a big leg up with people stuck at home.

Some analysts have sounded more bullish on Disney, saying the vaccines and economic recovery will result in a boost to revenue and profit. For the fourth quarter, analysts tracked by Investing.com forecast Disney to report EPS of 33 cents on revenue of $15.9 billion.

2. Pot stocks

Cannabis is the hot topic this week in the markets, with stocks of Tilray, Canopy Growth (NASDAQ:CGC) Corp (TSX:WEED), Aphria Inc (TSX:APHA) all higher.  Reports say Tilray Inc (NASDAQ:TLRY) is now a subject of talk among the same Reddit group that boosted shares of GameStop Corp (NYSE:GME).

The Canadian pot company struck a deal this week to distribute medical marijuana in the U.K. and is also poised for growth abroad. Cannabis stocks also are getting a boost from the expectation that Democrats will push for legalization in the U.S. 

3. A dating app debut

Just in time for Valentine’s day, the dating app Bumble is geared up for its initial public offering after raising its range to $37 to $39 from $28 to $30 in a deal that could reach $1.7 billion. What else is new? Practically every recent IPO has seen a big bump on the first day of trading.

Bumble’s twist is that it allows women to make the first move and otherwise have power in their relationships. It also offers connections to platonic friends and business contacts. 

Disney's Quarter, Pot Stocks, Bumble IPO: 3 Things to Watch
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email