Fox Stock Surges After Stronger-Than-Expected Results, Powered by Tubi, Sports
26 minutes ago
Fox reported. Investors decided.
Shares of Fox Corp. (FOX) jumped 6.5% Thursday after the media giant reported better-than-expected fiscal 2026 first-quarter results.
Fox posted adjusted earnings of $1.51 per share on revenue that increased 5% year-over-year to $3.74 billion. Analysts polled by Visible Alpha had expected $1.08 and $3.57 billion, respectively.
The company said that its “Tubi AVOD service, stronger news pricing and higher sports pricing and ratings led by the NFL” led to advertising gains of 6%, despite lower political advertising revenue.
“We are delivering for audiences with continued engagement growth across the portfolio which underpins the robust advertising demand we are seeing across sports, news, entertainment and Tubi,” Fox CEO Lachlan Murdoch said.
Including today’s sharp gains, Fox shares have added more than a quarter of their value this year.
Boeing Stock Again Leads Dow Decliners
1 hr 33 min ago
For a second straight day, Boeing is the worst-performing stock in the Dow Jones Industrial Average.
Boeing (BA) shares fell 3.3% to lead blue-chip decliners early Thursday, a day after the plane maker posted weaker-than-expected profit and a $4.9 billion charge “associated with updated 777X certification timing.”
Despite the two-day fall, shares of Boeing are up about 17% this year, above the roughly 12% gain in the Dow.
TradingView
Eli Lilly Stock Surges as Drugmaker Lifts Outlook Following Robust Mounjaro, Zepbound Sales
3 hr 11 min ago
Strong sales of Eli Lilly’s blockbuster weight-loss treatments Mounjaro and Zepbound are powering its shares Thursday morning.
Eli Lilly (LLY) stock surged 4% in premarket trading after the maker of diabetes treatment Mounjaro and obesity drug Zepbound lifted its full-year outlook following stronger-than-expected third-quarter results.
The Indianapolis-based firm reported adjusted earnings of $7.02 per share on revenue that soared 54% year-over-year to $17.60 billion. Analysts surveyed by Visible Alpha had expected $5.91 and $16.06 billion, respectively.
Mounjaro sales more than doubled to $6.52 billion, topping projections of $5.41 billion. Sales of Zepbound skyrocketed nearly tripled to $3.59 billion, while analysts had estimated $3.37 billion.
As a result, Lilly raised its full-year revenue guidance to a range of $63.0 billion to $63.5 billion from the prior $60 billion to $62 billion, and its adjusted EPS outlook to $23.00 to $23.70 from $21.75 to $23.00.
Eli Lilly shares entered Thursday up just 5% year-to-date, trailing the benchmark S&P 500’s 17% advance.
TradingView
Chipotle Stock Sinks on Comparable-Restaurant Sales Outlook Cut as Young Customers Visit Less Often
3 hr 42 min ago
Young customers are making fewer visits to Chipotle.
Shares of Chipotle Mexican Grill (CMG) sank 17% in premarket trading Thursday, a day after the fast-casual chain cut its comparable-restaurant sales outlook as it said inflation is taking a toll.
The Newport Beach, Calif.-based company reported third-quarter revenue of $3.00 billion, up 7.5% year-over-year but below the $3.06 billion consensus estimate of analysts polled by Visible Alpha. Adjusted earnings of $0.29 per share matched expectations.
Chipotle now sees full-year comparable-restaurant sales down “in the low-single-digit range” versus its July forecast of “about flat” comparable sales. “We continue to see persistent macroeconomic pressures,” CEO Scott Boatwright said in the earnings release.
On a later call with analysts Wednesday, Boatwright said that Chipotle is seeing a “significant pullback” from customers 25 to 34 years old who make less than $100,000 a year. “We’re losing them to grocery and food at home,” he said. “And so, that consumer is under pressure. It is one of our core consumer cohorts. And so, they feel the pinch and we feel the pullback from them as well.”
Chipotle shares entered Thursday having lost about a third of their value this year.
TradingView
How the Federal Reserve Could Inflate or Pop an AI Bubble
4 hr 7 min ago
Concerns about an AI bubble have some on Wall Street warily eyeing Silicon Valley, but others say they’re looking in the wrong direction. Washington, D.C.—specifically the Eccles Building, where the Federal Open Market Committee sets monetary policy—is where the fate of an AI bubble may be decided, they say.
“I think you’re going to have a very hard time popping a bubble when the Fed is cutting rates,” said Jeff deGraaf, Chair and Head of Technical Research at Renaissance Macro Research, on a recent episode of the firm’s weekly Youtube series. The Dotcom bubble, the U.S. housing bubble, and the Japanese bubble of the late 1980s all popped either while or shortly after central banks hiked rates, according to deGraaf.
Al Drago / Bloomberg via Getty Images
Artificial intelligence has propelled stocks to record highs this year, but recent developments have raised some red flags. A series of circular deals by the likes of AI bellwethers Nvidia (NVDA) and OpenAI have drawn comparisons to the vendor financing agreements that fueled bubbles in the 1990s. The Magnificent Seven account for 35% of the S&P 500, evidence of an increasingly concentrated stock market. And the benchmark index’s price-to-earnings ratio isn’t far off the Dotcom Bubble’s peak.
“I think it’s early,” DeGraaf said of a potential AI bubble, evidence of which he argued doesn’t appear to be “rampant” yet. Though, he warned, “you could have [a] world play out where the economy softens, the Fed is forced to get more aggressive, and the market absolutely goes into the stratosphere because they’re looking at the liquidity. And I think that’s a big disconnect that people don’t appreciate.”
Read the full article here.
Stock Futures Point Lower After Trump-Xi Meeting, Powell Warning, Big Tech Results
4 hr 23 min ago
Futures tied to the Dow Jones Industrial Average were down 0.3%.
TradingView
S&P 500 futures were 0.1% lower.
TradingView
Nasdaq 100 futures also were down 0.1%.
TradingView