Market Today: Comcast Secures Macy's Parade Deal, Blue Bird Raises Guidance

GuruFocus06:32

Market Performance The stock market opened the holiday-shortened week on a positive note, buoyed by President-elect Trump's nomination of Scott Bessent for Treasury Secretary. The Dow Jones Industrial...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2486678640?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-26 06:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2486678640","market":"hk","top_or_hot":-1,"title":"Market Today: Comcast Secures Macy's Parade Deal, Blue Bird Raises Guidance","media":"GuruFocus","content":"<div>\n<p>Market Performance The stock market opened the holiday-shortened week on a positive note, buoyed by President-elect Trump's nomination of Scott Bessent for Treasury Secretary. The Dow Jones Industrial...</p>\n\n<a href=\"https://www.gurufocus.com/news/2615521/market-today-comcast-secures-macys-parade-deal-blue-bird-raises-guidance\">Source Link</a>\n\n</div>\n","source":"gurufocus_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Today: Comcast Secures Macy's Parade Deal, Blue Bird Raises Guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Today: Comcast Secures Macy's Parade Deal, Blue Bird Raises Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-26 06:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.gurufocus.com/news/2615521/market-today-comcast-secures-macys-parade-deal-blue-bird-raises-guidance><strong>GuruFocus</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Market Performance The stock market opened the holiday-shortened week on a positive note, buoyed by President-elect Trump's nomination of Scott Bessent for Treasury Secretary. The Dow Jones Industrial...</p>\n\n<a href=\"https://www.gurufocus.com/news/2615521/market-today-comcast-secures-macys-parade-deal-blue-bird-raises-guidance\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SPXU","symbol_name":"三倍做空标普500ETF","start_time":0,"source_url":"https://www.gurufocus.com/news/2615521/market-today-comcast-secures-macys-parade-deal-blue-bird-raises-guidance","article_id":"2486678640","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486678640","pubTimestamp":1732573938,"sourceInfo":{"source_id":"gurufocus_highlight","name":"GuruFocus"},"weMediaInfo":null,"summary":"Market Performance The stock market opened the holiday-shortened week on a positive note, buoyed by President-elect Trump's nomination of Scott Bessent for Treasury Secretary. The Dow Jones Industrial","collect":0,"end_time":0,"defaultTopTitle":"gurufocus.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SPXU":"三倍做空标普500ETF","OEF":"标普100指数ETF-iShares","IE00BDRTCR15.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC A","NVD3.UK":"LS 3X NVIDIA","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","NVDS.UK":"LS -1X NVIDIA","M":"梅西百货","LU2077746001.SGD":"Blackrock ESG Multi-Asset A2 SGD-H","SPY":"标普500ETF","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4532":"文艺复兴科技持仓","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","OEX":"标普100",".SPX":"S&P 500 Index","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","SG9999015341.SGD":"United Income Focus Trust Acc SGD-H","NVD":"GraniteShares 2x Short NVDA Daily ETF","SDS":"两倍做空标普500ETF","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","NVDA":"英伟达","LU0878866978.SGD":"First Eagle Amundi International AHS-QD SGD-H","NVDD":"Direxion Daily NVDA Bear 1X Shares","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1035775433.USD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (USD) INC","BLBD":"Blue Bird Corp","VOO":"Vanguard标普500ETF","NVDS":"Tradr 1.5X Short NVDA Daily ETF","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","CMCSA":"康卡斯特","3NVD.UK":"LS 3X NVIDIA","NVD2.UK":"2X NVIDIA ETP","NVDU":"Direxion Daily NVDA Bull 2X Shares","UPRO":"三倍做多标普500ETF","BK4598":"佩洛西持仓","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","SH":"标普500反向ETF","SNVD.UK":"LS -1X NVIDIA","NVDX":"T-REX 2X LONG NVIDIA DAILY TARGET ETF","2NVD.UK":"2X NVIDIA ETP","IVV":"标普500指数ETF","NVDY":"YIELDMAX NVDA OPTION INCOME STRATEGY ETF","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","SSO":"两倍做多标普500ETF","LU2097344431.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) INC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC"},"translate_title":"今日市场：康卡斯特获得梅西百货游行交易，蓝鸟上调指引","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"M":1,"BLBD":1,"CMCSA":1,"NVDA":1,"VOO":0.9,"SPY":0.9,"NVD":0.6,"NVD2.UK":0.6,"NVD3.UK":0.6,"NVDD":0.6,"NVDS":0.6,"NVDS.UK":0.6,"NVDU":0.6,"NVDX":0.6,"NVDY":0.6,"OEF":0.6,"OEX":0.6,"SDS":0.6,"SH":0.6,"SNVD.UK":0.6,"SPXU":0.6,"SSO":0.6,"UPRO":0.6,"2NVD.UK":0.6,"3NVD.UK":0.6,"ESmain":0.6,"IVV":0.6,".SPX":0.6},"content_text":"Market Performance The stock market opened the holiday-shortened week on a positive note, buoyed by President-elect Trump's nomination of Scott Bessent for Treasury Secretary. The Dow Jones Industrial Average rose by 1.0%, while the Russell 2000 and S&P Mid Cap 400 both gained 1.5%. In contrast, the S&P 500 and Nasdaq Composite saw smaller increases of 0.3% each.Sector Rotation The relative underperformance of the S&P 500 and Nasdaq Composite was due to some rotation out of major stocks with significant gains this year. Notably, NVIDIA (NVDA) decreased by 4.2%, though it remains 174.7% higher for the year. Tesla (TSLA, Financial) also fell by 4.0%, yet it is up 36.3% in 2024.Treasury Secretary Nomination Scott Bessent's nomination is viewed as \"market-friendly\" because of his hedge fund background. This has contributed to a positive sentiment in the equity market. According to The Wall Street Journal, Bessent aims to prioritize the Trump administration's tax-cut proposals.Bond Market Reaction The bond market rallied on optimism that Bessent would focus on tax cuts, reducing the national debt, and cutting the budget deficit to 3% of GDP. He is also expected to advocate for a gradual approach to tariffs to avoid inflation. The 10-year yield dropped 15 basis points to 4.27%, and the 2-year yield fell by ten basis points to 4.27%. The U.S. Treasury successfully auctioned $69 billion in 2-year notes.S&P 500 Sector Performance The broad market rally led nine of the S&P 500 sectors higher, with real estate leading the way at a 1.3% increase, responding to lower rates. The consumer discretionary sector followed, gaining 1.0%. However, the energy sector lagged, dropping 2.0% as oil prices fell due to potential ceasefire news between Israel and Hezbollah. WTI crude futures settled 3.3% lower at $68.93 per barrel.Upcoming Economic Data No significant U.S. economic data was released. Looking ahead, Tuesday's economic calendar will include the September FHFA Housing Price Index and the September S&P Case-Shiller Home Price Index, as well as November's Consumer Confidence and October's New Home Sales figures.Global Market Overview In international markets, Europe saw mixed results with the DAX up 0.5%, the FTSE increasing by 0.4%, and the CAC unchanged. In Asia, the Nikkei rose 1.1%, while the Hang Seng and Shanghai indices fell by 0.4% and 0.1%, respectively.Guru Stock PicksBill Nygren has made the following transactions:Reduce in CBRE by 10.59%Sold out in CSCOAdd in GPN by 94.17%New position in GPCToday's NewsComcast (CMCSA, Financial) is reportedly finalizing a new multi-million dollar deal to broadcast the Macy's (M, Financial) Thanksgiving parade on its network and Peacock streaming service for at least the next decade. The new agreement, expected to start next year, would significantly increase the annual fee from the current $20 million to over $60 million. This deal also includes other Macy's-branded events, such as the July 4 fireworks, with NBCUniversal Media Group Chairman Mark Lazarus playing a key role in the negotiations.Blue Bird Corporation (BLBD, Financial) exceeded expectations with its Q4 Non-GAAP EPS of $0.77 and revenue of $350.2 million, marking a 15.6% year-over-year increase. The company has revised its fiscal 2025 guidance upwards, projecting net revenue between $1.4 and $1.5 billion and adjusted EBITDA between $190 and $210 million. Blue Bird is also optimistic about its long-term profit outlook, aiming for an adjusted EBITDA margin of over 15% on approximately $2 billion in revenue.Shares of Quantum Computing (QUBT, Financial) surged about 13% following a recent order for its photonic chip and the launch of Amazon Web Services' Quantum Embark program. The company's stock has been volatile, experiencing significant gains and losses, but continues to gain momentum with the AWS partnership announcement.Enterprise Products Partners L.P. (EPD, Financial) saw a slight dip of 1.5% after seven consecutive sessions of gains. The stock has risen over 25% this year, aligning with the broader S&P 500 Index. Analysts maintain a positive outlook with a Buy rating, highlighting the company's profitability and momentum.SoFi Technologies (SOFI, Financial) extended its rally, closing 0.64% higher, marking a 14% gain over the past six sessions. The fintech company has raised its full-year guidance for GAAP EPS and adjusted net revenue, outperforming the S&P 500 Index with a 59% increase this year. Wall Street analysts are mixed, with a majority rating the stock as a Hold.Defense contractors are gaining attention as analysts at Bernstein predict a strong defense focus with President-elect Donald Trump's return. Despite concerns over potential cost-cutting by a new Department of Government Efficiency, U.S. defense stocks are expected to benefit from an emphasis on nuclear deterrence and space capabilities.Guardant Health (GH, Financial) shares rose 9.5% after a jury awarded the company $292.5 million in a false advertising lawsuit against Natera (NTRA, Financial). The lawsuit addressed misleading claims made by Natera about Guardant's Reveal oncology test. Natera plans to challenge the jury's decision.Macerich (MAC, Financial) announced an underwritten public offering of 18 million shares to repay a $478 million mortgage loan. The stock fell 1.89% after hours, with the offering expected to provide financial flexibility amid ongoing strategic initiatives.GuruFocus Stock AnalysisNexPoint Diversified Real Estate Trust to Acquire NexPoint Hospitality Trust by Faizan FarooqueSnowflake, Elastic Shares Rise as Wedbush Upgrades AI Outlook by Faizan FarooqueStarbucks Faces Payment and Scheduling Issues After Ransomware Attack on Supplier by Faizan FarooqueGoldman Warns Sectors May Face Hit if US Immigration Slows Next Year by Faizan FarooqueTrump's Return to White House May Boost Defense Stocks, Bernstein Says by Faizan Farooque","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486678640"}