Wednesday, February 7, 2024

Will S&P 500 Hit 5,000 Today? February 7, 2024

Locator: 46759INV.

Intra-day high: 4,999.89.

Talk after the close is all about DIS (Disney): big, big beat, but earnings miss; exclusive interview with Bob Iger on CNBC;

  • raised prices, cut expenses; overseas did very, very well;
  • revenue is flat; how does Iger respond? Blah, blah, blah
  • will partner with Epic / Fortnite: Disney to invest $1.5 billion in Epic games
    • a separate but integrated with Epic
    • this is a big deal

The numbers (DIS):

  • expectations:
    • EPS: 97 cents to $1.02
    • revenue: 23.47 to $24 billion
  • whisper numbers:
    • EPS: $1.07 -- a beat by 10 cents
  • actual report:
    • EPS: $1.22 -- a huge beat
    • revenue: $23.55 billion vs $23.64 billion
  • comments:
    • shares up 4.5% on the news; back to trading over $100; trading at $104
    • dividend increased by 50%

ARM Holddings: reports earnings; after-hours; ARM spikes 13%;

  • top and bottom beat
  • guidance is surpassing expectation
  • one may to ask what company is biggest shareholder / partner with ARM is

Wynn Resorts: beats; holy mackerel, but shareholders still reluctant

  • up over 2% after hours;
  • EPS: $1.91 vs $1.15

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Soft Landing, Hard Landing, Or "Touch and Go"?

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