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Semiconductor Stocks Gain; AMD Rises 5.2%; TSMC up 3%

06-12

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Redstone’s National Amusements Ends Deal Talks With Skydance

06-01

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Post-Bell | Dow Has Best Daily Gain for Year; Dell Sinks 18%; Gap Soars 29%

03-26

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3%","url":"https://stock-news.laohu8.com/highlight/detail?id=1169526110","media":"Tiger Newspress","summary":"Semiconductor stocks gained in premarket trading. Nvidia rose 1%; TSMC rose 2%; Arm rose 0.9%; Micron rose 0.6%; Intel rose 0.4%.$Taiwan Semiconductor Manufacturing(TSM)$’s second-quarter sales were b","content":"<html><head></head><body><p>Semiconductor stocks gained in Wednesday trading. AMD rose 5.2%; TSMC rose 3%; Micron rose 2.7%; Arm rose 2.1%; Nvidia rose 1.7%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d18f8b1ec5cf9f00b7b9930cb0e65a4d\" tg-width=\"395\" tg-height=\"269\"/></p><p>Shares of <strong><a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices</a></strong> rallied Wednesday after the chip maker moved to advance its artificial-intelligence strategy by purchasing what it called Europe’s largest private AI lab.</p><p>The California-based company said it was buying Finland-based Silo AI in a cash deal valued at $665 million.</p><p><strong><a href=\"https://laohu8.com/S/TSM\">Taiwan Semiconductor Manufacturing</a></strong>’s second-quarter sales were buoyed by the AI boom that’s fueling data center investment worldwide.</p><p>The sole supplier of Nvidia Corp. and Apple Inc.’s most advanced chips said revenue for June came to NT$207.9 billion. That means 40% growth in the June quarter to NT$673.5 billion, versus the average projection for a 35.5% rise.</p><p style=\"text-align: start;\">The Wednesday sales figure comes days after the world’s largest contract chipmaker briefly reached a $1 trillion market capitalization on a tide of investment into artificial intelligence-related data centers and devices. Businesses around the world are racing to buy up hardware such as Nvidia chips to build up AI-supporting infrastructure. That’s prompted Wall Street brokerages to lift their price targets for TSMC, citing the chipmaker’s potential move to charge customers more in 2025 to elevate earnings further.</p><p>The AI chip orders have helped make up for lackluster smartphone sales, which are only just emerging from a trough. Apple remains Hsinchu-based TSMC’s biggest customer.</p><p>On Tuesday, KeyBanc analyst John Vinh reiterated his Overweight rating on <strong><a href=\"https://laohu8.com/S/NVDA\">NVIDIA Corp</a></strong> stock and raised his price target to $180 from $130, citing strong demand for the highest-end server model of its new Blackwell GPU product line.</p><p>“We expect GB200 NVL72 to represent the mainstream configuration in 2025,” he wrote. “Feedback this past quarter indicates demand for the GB200 next year is greater than what we had initially heard last quarter and could support over $200 billion in data center revenue in 2025.”</p><p>That $200 billion would be significantly ahead of the current $140 billion Wall Street consensus for Nvidia’s data center revenue next year, according to FactSet.</p></body></html>","collect":0,"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>Semiconductor Stocks Gain; AMD Rises 5.2%; TSMC up 3%</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\">\nSemiconductor Stocks Gain; AMD Rises 5.2%; TSMC up 3%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-07-10 22:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Semiconductor stocks gained in Wednesday trading. AMD rose 5.2%; TSMC rose 3%; Micron rose 2.7%; Arm rose 2.1%; Nvidia rose 1.7%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d18f8b1ec5cf9f00b7b9930cb0e65a4d\" tg-width=\"395\" tg-height=\"269\"/></p><p>Shares of <strong><a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices</a></strong> rallied Wednesday after the chip maker moved to advance its artificial-intelligence strategy by purchasing what it called Europe’s largest private AI lab.</p><p>The California-based company said it was buying Finland-based Silo AI in a cash deal valued at $665 million.</p><p><strong><a href=\"https://laohu8.com/S/TSM\">Taiwan Semiconductor Manufacturing</a></strong>’s second-quarter sales were buoyed by the AI boom that’s fueling data center investment worldwide.</p><p>The sole supplier of Nvidia Corp. and Apple Inc.’s most advanced chips said revenue for June came to NT$207.9 billion. That means 40% growth in the June quarter to NT$673.5 billion, versus the average projection for a 35.5% rise.</p><p style=\"text-align: start;\">The Wednesday sales figure comes days after the world’s largest contract chipmaker briefly reached a $1 trillion market capitalization on a tide of investment into artificial intelligence-related data centers and devices. Businesses around the world are racing to buy up hardware such as Nvidia chips to build up AI-supporting infrastructure. That’s prompted Wall Street brokerages to lift their price targets for TSMC, citing the chipmaker’s potential move to charge customers more in 2025 to elevate earnings further.</p><p>The AI chip orders have helped make up for lackluster smartphone sales, which are only just emerging from a trough. Apple remains Hsinchu-based TSMC’s biggest customer.</p><p>On Tuesday, KeyBanc analyst John Vinh reiterated his Overweight rating on <strong><a href=\"https://laohu8.com/S/NVDA\">NVIDIA Corp</a></strong> stock and raised his price target to $180 from $130, citing strong demand for the highest-end server model of its new Blackwell GPU product line.</p><p>“We expect GB200 NVL72 to represent the mainstream configuration in 2025,” he wrote. “Feedback this past quarter indicates demand for the GB200 next year is greater than what we had initially heard last quarter and could support over $200 billion in data center revenue in 2025.”</p><p>That $200 billion would be significantly ahead of the current $140 billion Wall Street consensus for Nvidia’s data center revenue next year, according to FactSet.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KLAC":"科磊","QCOM":"高通","MU":"美光科技","TSM":"台积电","NVDA":"英伟达","AMD":"美国超微公司","WDC":"西部数据","LRCX":"拉姆研究","SMCI":"超微电脑"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169526110","content_text":"Semiconductor stocks gained in Wednesday trading. AMD rose 5.2%; TSMC rose 3%; Micron rose 2.7%; Arm rose 2.1%; Nvidia rose 1.7%.Shares of Advanced Micro Devices rallied Wednesday after the chip maker moved to advance its artificial-intelligence strategy by purchasing what it called Europe’s largest private AI lab.The California-based company said it was buying Finland-based Silo AI in a cash deal valued at $665 million.Taiwan Semiconductor Manufacturing’s second-quarter sales were buoyed by the AI boom that’s fueling data center investment worldwide.The sole supplier of Nvidia Corp. and Apple Inc.’s most advanced chips said revenue for June came to NT$207.9 billion. That means 40% growth in the June quarter to NT$673.5 billion, versus the average projection for a 35.5% rise.The Wednesday sales figure comes days after the world’s largest contract chipmaker briefly reached a $1 trillion market capitalization on a tide of investment into artificial intelligence-related data centers and devices. Businesses around the world are racing to buy up hardware such as Nvidia chips to build up AI-supporting infrastructure. That’s prompted Wall Street brokerages to lift their price targets for TSMC, citing the chipmaker’s potential move to charge customers more in 2025 to elevate earnings further.The AI chip orders have helped make up for lackluster smartphone sales, which are only just emerging from a trough. Apple remains Hsinchu-based TSMC’s biggest customer.On Tuesday, KeyBanc analyst John Vinh reiterated his Overweight rating on NVIDIA Corp stock and raised his price target to $180 from $130, citing strong demand for the highest-end server model of its new Blackwell GPU product line.“We expect GB200 NVL72 to represent the mainstream configuration in 2025,” he wrote. “Feedback this past quarter indicates demand for the GB200 next year is greater than what we had initially heard last quarter and could support over $200 billion in data center revenue in 2025.”That $200 billion would be significantly ahead of the current $140 billion Wall Street consensus for Nvidia’s data center revenue next year, according to FactSet.","news_type":1},"isVote":1,"tweetType":1,"viewCount":103,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":316035676340296,"gmtCreate":1718182220378,"gmtModify":1718184056174,"author":{"id":"4173394945368122","authorId":"4173394945368122","name":"Rainbow Ang","avatar":"https://community-static.tradeup.com/news/eaba3467e91db7620d59de833515dc93","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4173394945368122","authorIdStr":"4173394945368122"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/316035676340296","repostId":"1102585642","repostType":4,"repost":{"id":"1102585642","kind":"news","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1718182063,"share":"https://ttm.financial/m/news/1102585642?lang=&edition=fundamental","pubTime":"2024-06-12 16:47","market":"us","language":"en","title":"Redstone’s National Amusements Ends Deal Talks With Skydance","url":"https://stock-news.laohu8.com/highlight/detail?id=1102585642","media":"Dow Jones","summary":"Shari Redstone isn’t ready to get out of the entertainment business just yet.The media heiress has ended discussions to sell her controlling stake in Paramount Global to Skydance Media and merge the t","content":"<html><head></head><body><p>Paramount Global shares down 2% premarket after Shari Redstone kills potential merger with Skydance.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/451c7f2ba3ece3bfd7db52e771008ce0\" tg-width=\"462\" tg-height=\"385\"/></p><p>Shari Redstone isn’t ready to get out of the entertainment business just yet.</p><p style=\"text-align: start;\">The media heiress has ended discussions to sell her controlling stake in Paramount Global to Skydance Media and merge the two companies, drawing to a close months of negotiations in one of the messiest deal dramas to play out in recent years.</p><p>National Amusements, the Redstone family company that controls Paramount, said the parties had not been able to reach a deal that would have given Skydance the keys to one of Hollywood’s most storied brands. The statement confirmed news first reported by The Wall Street Journal.</p><p>Redstone’s decision marks a stunning about-face, after she advocated behind the scenes for months for a deal with Skydance. She billed its backers—including CEO David Ellison—as the best stewards for Paramount, owner of the namesake film studio, broadcaster CBS and cable channels such as MTV and Nickelodeon. </p><p>In the end, Redstone had a change of heart, as trust frayed between the two sides. Redstone will now likely pursue a sale of just National Amusements, without trying to merge Paramount into another company, people close to her said. </p><p>A spokeswoman for Skydance had no comment.</p><p>Paramount shares fell about 8% Tuesday after the Journal’s report that the deal talks had ended.</p><p>The deal saga was tumultuous. An earlier bid by Skydance had infuriated many shareholders because it was seen as more beneficial to Redstone than other stakeholders. As Redstone and Skydance pressed forward, Paramount parted ways with its CEO and four of its directors. Other potential bidders emerged, either for Paramount itself or for National Amusements, which also owns a movie-theater chain.</p><p style=\"text-align: start;\">Skydance sweetened its offer last month, providing a way for nonvoting Paramount shareholders to cash out at a premium. Under Skydance’s proposed deal, the production company would have bought National Amusements for around $1.7 billion in cash and would have provided $4.5 billion to buy out a certain number of Paramount’s nonvoting shares and non-Redstone voting shares. Skydance also would have injected $1.5 billion onto Paramount’s balance sheet, which it could use to pay down debt<strong>.</strong></p><p style=\"text-align: start;\">Paramount would then merge with Skydance in a stock deal, subject to review by a committee of Paramount directors. The committee recently approved the economic terms of the proposed merger but continued to negotiate with Skydance about other deal points. </p><p style=\"text-align: start;\">One issue was whether the deal should require approval from a majority of non-Redstone shareholders. National Amusements was supportive of such a vote, the Journal reported. Skydance had said such a vote was a nonstarter, said people familiar with the matter.</p><p style=\"text-align: start;\">Redstone rejected the deal before the committee was scheduled to vote on the merger Tuesday afternoon, people familiar with the sequence of events said. The committee said it was told by National Amusements on Tuesday, “that it did not have an agreement on a deal with Skydance Media and didn’t anticipate a path forward on this transaction.”</p><p style=\"text-align: start;\">The merger would have brought together Paramount franchises such as “Transformers” and “A Quiet Place” with Skydance’s popular titles like Amazon’s “Tom Clancy’s Jack Ryan.” Paramount partnered with Skydance on a number of titles including “Top Gun: Maverick.” </p><p style=\"text-align: start;\">NAI said it was “grateful to Skydance for their months of work in pursuing this potential transaction and looks forward to the ongoing, successful production collaboration between Paramount and Skydance.”</p><p>In April, after Chief Executive Bob Bakish stepped down, Paramount named an “office of the CEO” made up of three of its divisional heads to lead the company. The three CEOs earlier this month presented a plan to cut $500 million in annual costs, explore joint ventures for Paramount+ and explore asset sales.</p><p style=\"text-align: start;\">In its statement, NAI said it supports their work as well as the board’s work to “explore opportunities to drive value creation for all Paramount shareholders.”</p><p style=\"text-align: start;\">Redstone took center stage at Paramount when she inherited the media empire forged by her father, the media mogul Sumner Redstone. She merged the two companies he controlled, Viacom and CBS, to form what became Paramount Global. </p><p>Paramount, famous for films like “Titanic,” “Indiana Jones” and “The Godfather,” is confronting a variety of challenges across its businesses. Cord-cutting has shrunk its TV business, home to BET and Comedy Central, which drives the majority of the company’s profits. A yearslong foray into streaming has proved costly, even though Paramount+ is adding subscribers. And consumers are increasingly opting to watch movies at home, rather than going to theaters.</p><p style=\"text-align: start;\">Paramount’s value has plummeted on Redstone’s watch. She held out hope that a big buyer—potentially a tech giant—might emerge and buy the whole company, but that didn’t happen.</p><p style=\"text-align: start;\">Redstone began contemplating a sale of the business last year, feeling the pinch of the business’s decline when management cut the dividend that had supplied her family income for years. She told people close to her that she wanted to spend more time fighting antisemitism in the wake of the Oct. 7 attacks on Israel.</p><p style=\"text-align: start;\">Earlier this month, private-equity firm Apollo Global Management and Sony Pictures submitted a $26 billion nonbinding offer for Paramount.</p><p style=\"text-align: start;\">NAI also has received interest from two potential parties—an investor consortium led by Hollywood producer Steven Paul, as well as from media executive Edgar Bronfman Jr., backed by private-equity firm Bain Capital, the Journal first reported. </p></body></html>","collect":0,"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>Redstone’s National Amusements Ends Deal Talks With Skydance</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\">\nRedstone’s National Amusements Ends Deal Talks With Skydance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-06-12 16:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Paramount Global shares down 2% premarket after Shari Redstone kills potential merger with Skydance.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/451c7f2ba3ece3bfd7db52e771008ce0\" tg-width=\"462\" tg-height=\"385\"/></p><p>Shari Redstone isn’t ready to get out of the entertainment business just yet.</p><p style=\"text-align: start;\">The media heiress has ended discussions to sell her controlling stake in Paramount Global to Skydance Media and merge the two companies, drawing to a close months of negotiations in one of the messiest deal dramas to play out in recent years.</p><p>National Amusements, the Redstone family company that controls Paramount, said the parties had not been able to reach a deal that would have given Skydance the keys to one of Hollywood’s most storied brands. The statement confirmed news first reported by The Wall Street Journal.</p><p>Redstone’s decision marks a stunning about-face, after she advocated behind the scenes for months for a deal with Skydance. She billed its backers—including CEO David Ellison—as the best stewards for Paramount, owner of the namesake film studio, broadcaster CBS and cable channels such as MTV and Nickelodeon. </p><p>In the end, Redstone had a change of heart, as trust frayed between the two sides. Redstone will now likely pursue a sale of just National Amusements, without trying to merge Paramount into another company, people close to her said. </p><p>A spokeswoman for Skydance had no comment.</p><p>Paramount shares fell about 8% Tuesday after the Journal’s report that the deal talks had ended.</p><p>The deal saga was tumultuous. An earlier bid by Skydance had infuriated many shareholders because it was seen as more beneficial to Redstone than other stakeholders. As Redstone and Skydance pressed forward, Paramount parted ways with its CEO and four of its directors. Other potential bidders emerged, either for Paramount itself or for National Amusements, which also owns a movie-theater chain.</p><p style=\"text-align: start;\">Skydance sweetened its offer last month, providing a way for nonvoting Paramount shareholders to cash out at a premium. Under Skydance’s proposed deal, the production company would have bought National Amusements for around $1.7 billion in cash and would have provided $4.5 billion to buy out a certain number of Paramount’s nonvoting shares and non-Redstone voting shares. Skydance also would have injected $1.5 billion onto Paramount’s balance sheet, which it could use to pay down debt<strong>.</strong></p><p style=\"text-align: start;\">Paramount would then merge with Skydance in a stock deal, subject to review by a committee of Paramount directors. The committee recently approved the economic terms of the proposed merger but continued to negotiate with Skydance about other deal points. </p><p style=\"text-align: start;\">One issue was whether the deal should require approval from a majority of non-Redstone shareholders. National Amusements was supportive of such a vote, the Journal reported. Skydance had said such a vote was a nonstarter, said people familiar with the matter.</p><p style=\"text-align: start;\">Redstone rejected the deal before the committee was scheduled to vote on the merger Tuesday afternoon, people familiar with the sequence of events said. The committee said it was told by National Amusements on Tuesday, “that it did not have an agreement on a deal with Skydance Media and didn’t anticipate a path forward on this transaction.”</p><p style=\"text-align: start;\">The merger would have brought together Paramount franchises such as “Transformers” and “A Quiet Place” with Skydance’s popular titles like Amazon’s “Tom Clancy’s Jack Ryan.” Paramount partnered with Skydance on a number of titles including “Top Gun: Maverick.” </p><p style=\"text-align: start;\">NAI said it was “grateful to Skydance for their months of work in pursuing this potential transaction and looks forward to the ongoing, successful production collaboration between Paramount and Skydance.”</p><p>In April, after Chief Executive Bob Bakish stepped down, Paramount named an “office of the CEO” made up of three of its divisional heads to lead the company. The three CEOs earlier this month presented a plan to cut $500 million in annual costs, explore joint ventures for Paramount+ and explore asset sales.</p><p style=\"text-align: start;\">In its statement, NAI said it supports their work as well as the board’s work to “explore opportunities to drive value creation for all Paramount shareholders.”</p><p style=\"text-align: start;\">Redstone took center stage at Paramount when she inherited the media empire forged by her father, the media mogul Sumner Redstone. She merged the two companies he controlled, Viacom and CBS, to form what became Paramount Global. </p><p>Paramount, famous for films like “Titanic,” “Indiana Jones” and “The Godfather,” is confronting a variety of challenges across its businesses. Cord-cutting has shrunk its TV business, home to BET and Comedy Central, which drives the majority of the company’s profits. A yearslong foray into streaming has proved costly, even though Paramount+ is adding subscribers. And consumers are increasingly opting to watch movies at home, rather than going to theaters.</p><p style=\"text-align: start;\">Paramount’s value has plummeted on Redstone’s watch. She held out hope that a big buyer—potentially a tech giant—might emerge and buy the whole company, but that didn’t happen.</p><p style=\"text-align: start;\">Redstone began contemplating a sale of the business last year, feeling the pinch of the business’s decline when management cut the dividend that had supplied her family income for years. She told people close to her that she wanted to spend more time fighting antisemitism in the wake of the Oct. 7 attacks on Israel.</p><p style=\"text-align: start;\">Earlier this month, private-equity firm Apollo Global Management and Sony Pictures submitted a $26 billion nonbinding offer for Paramount.</p><p style=\"text-align: start;\">NAI also has received interest from two potential parties—an investor consortium led by Hollywood producer Steven Paul, as well as from media executive Edgar Bronfman Jr., backed by private-equity firm Bain Capital, the Journal first reported. </p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PARA":"Paramount Global"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102585642","content_text":"Paramount Global shares down 2% premarket after Shari Redstone kills potential merger with Skydance.Shari Redstone isn’t ready to get out of the entertainment business just yet.The media heiress has ended discussions to sell her controlling stake in Paramount Global to Skydance Media and merge the two companies, drawing to a close months of negotiations in one of the messiest deal dramas to play out in recent years.National Amusements, the Redstone family company that controls Paramount, said the parties had not been able to reach a deal that would have given Skydance the keys to one of Hollywood’s most storied brands. The statement confirmed news first reported by The Wall Street Journal.Redstone’s decision marks a stunning about-face, after she advocated behind the scenes for months for a deal with Skydance. She billed its backers—including CEO David Ellison—as the best stewards for Paramount, owner of the namesake film studio, broadcaster CBS and cable channels such as MTV and Nickelodeon. In the end, Redstone had a change of heart, as trust frayed between the two sides. Redstone will now likely pursue a sale of just National Amusements, without trying to merge Paramount into another company, people close to her said. A spokeswoman for Skydance had no comment.Paramount shares fell about 8% Tuesday after the Journal’s report that the deal talks had ended.The deal saga was tumultuous. An earlier bid by Skydance had infuriated many shareholders because it was seen as more beneficial to Redstone than other stakeholders. As Redstone and Skydance pressed forward, Paramount parted ways with its CEO and four of its directors. Other potential bidders emerged, either for Paramount itself or for National Amusements, which also owns a movie-theater chain.Skydance sweetened its offer last month, providing a way for nonvoting Paramount shareholders to cash out at a premium. Under Skydance’s proposed deal, the production company would have bought National Amusements for around $1.7 billion in cash and would have provided $4.5 billion to buy out a certain number of Paramount’s nonvoting shares and non-Redstone voting shares. Skydance also would have injected $1.5 billion onto Paramount’s balance sheet, which it could use to pay down debt.Paramount would then merge with Skydance in a stock deal, subject to review by a committee of Paramount directors. The committee recently approved the economic terms of the proposed merger but continued to negotiate with Skydance about other deal points. One issue was whether the deal should require approval from a majority of non-Redstone shareholders. National Amusements was supportive of such a vote, the Journal reported. Skydance had said such a vote was a nonstarter, said people familiar with the matter.Redstone rejected the deal before the committee was scheduled to vote on the merger Tuesday afternoon, people familiar with the sequence of events said. The committee said it was told by National Amusements on Tuesday, “that it did not have an agreement on a deal with Skydance Media and didn’t anticipate a path forward on this transaction.”The merger would have brought together Paramount franchises such as “Transformers” and “A Quiet Place” with Skydance’s popular titles like Amazon’s “Tom Clancy’s Jack Ryan.” Paramount partnered with Skydance on a number of titles including “Top Gun: Maverick.” NAI said it was “grateful to Skydance for their months of work in pursuing this potential transaction and looks forward to the ongoing, successful production collaboration between Paramount and Skydance.”In April, after Chief Executive Bob Bakish stepped down, Paramount named an “office of the CEO” made up of three of its divisional heads to lead the company. The three CEOs earlier this month presented a plan to cut $500 million in annual costs, explore joint ventures for Paramount+ and explore asset sales.In its statement, NAI said it supports their work as well as the board’s work to “explore opportunities to drive value creation for all Paramount shareholders.”Redstone took center stage at Paramount when she inherited the media empire forged by her father, the media mogul Sumner Redstone. She merged the two companies he controlled, Viacom and CBS, to form what became Paramount Global. Paramount, famous for films like “Titanic,” “Indiana Jones” and “The Godfather,” is confronting a variety of challenges across its businesses. Cord-cutting has shrunk its TV business, home to BET and Comedy Central, which drives the majority of the company’s profits. A yearslong foray into streaming has proved costly, even though Paramount+ is adding subscribers. And consumers are increasingly opting to watch movies at home, rather than going to theaters.Paramount’s value has plummeted on Redstone’s watch. She held out hope that a big buyer—potentially a tech giant—might emerge and buy the whole company, but that didn’t happen.Redstone began contemplating a sale of the business last year, feeling the pinch of the business’s decline when management cut the dividend that had supplied her family income for years. She told people close to her that she wanted to spend more time fighting antisemitism in the wake of the Oct. 7 attacks on Israel.Earlier this month, private-equity firm Apollo Global Management and Sony Pictures submitted a $26 billion nonbinding offer for Paramount.NAI also has received interest from two potential parties—an investor consortium led by Hollywood producer Steven Paul, as well as from media executive Edgar Bronfman Jr., backed by private-equity firm Bain Capital, the Journal first reported.","news_type":1},"isVote":1,"tweetType":1,"viewCount":149,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312010875920488,"gmtCreate":1717200264124,"gmtModify":1717208162942,"author":{"id":"4173394945368122","authorId":"4173394945368122","name":"Rainbow Ang","avatar":"https://community-static.tradeup.com/news/eaba3467e91db7620d59de833515dc93","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4173394945368122","authorIdStr":"4173394945368122"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/312010875920488","repostId":"1180614337","repostType":2,"repost":{"id":"1180614337","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1717196511,"share":"https://ttm.financial/m/news/1180614337?lang=&edition=fundamental","pubTime":"2024-06-01 07:01","market":"us","language":"en","title":"Post-Bell | Dow Has Best Daily Gain for Year; Dell Sinks 18%; Gap Soars 29%","url":"https://stock-news.laohu8.com/highlight/detail?id=1180614337","media":"Tiger Newspress","summary":"The Dow and S&P 500 ended higher on Friday and the Dow registered its biggest daily percentage gain since November 2023 as month-end repositioning drove a late sharp rally, with all three major indexe","content":"<html><head></head><body><p>The Dow and S&amp;P 500 ended higher on Friday and the Dow registered its biggest daily percentage gain since November 2023 as month-end repositioning drove a late sharp rally, with all three major indexes posting strong gains for May.</p><h2 id=\"id_966889051\">Market Snapshot</h2><p>The S&amp;P 500 gained 42.03 points, or 0.80%, to end at 5,277.51, while the Nasdaq Composite lost 2.06 points, or 0.01%, to 16,735.02. The Dow Jones Industrial Average rose 574.84 points, or 1.51%, to 38,686.32.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/05008169f76bcec6c95e71eb82aff1c8\" title=\"\" tg-width=\"942\" tg-height=\"150\"/></p><h2 id=\"id_215835447\">Market Movers</h2><p><a href=\"https://laohu8.com/S/DELL\">Dell Technologies</a> reported better-than-expected first-quarter revenue, boosted by both strong demand for servers powered by artificial intelligence and improvement in the commercial personal-computers business. The stock, however, sank 18% after the company discussed emerging pressure on margins.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/DJT\">Trump Media &amp; Technology Group</a>, the operator of Donald Trump’s social-media company Truth Social, dropped 5.3% after the former U.S. president was found guilty on all 34 counts of falsifying business records in a hush-money trial.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/MDB\">MongoDB</a> fell 24% after the data service provider issued disappointing guidance for the second quarter and fiscal year. CEO Dev Ittycheria said the company was off to a slower-than-expected start to the year for both new customer wins and for consumption growth, a development he said will have “downstream impact for the remainder of fiscal 2025.”</p><p style=\"text-align: start;\">First-quarter revenue at <a href=\"https://laohu8.com/S/AMBA\">Ambarella</a> fell 12% from a year earlier, but the stock jumped 21% after CEO Fermi Wang said the chip company was “seeing early signs for the proliferation of AI inferencing at the network edge, and the breadth of our customer engagements is consistent with this, which should create a foundation of multiple applications for revenue growth.”</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/S\">SentinelOne</a> declined 13% after the cybersecurity company reduced its revenue outlook for the fiscal year to a range of $808 million to $815 million, from previous guidance of $812 million to $818 million.</p><p style=\"text-align: start;\">Cybersecurity company <a href=\"https://laohu8.com/S/ZS\">Zscaler</a> reported better-than-expected first-quarter revenue of $553.2 million, rising from $482.3 million a year earlier, and calculated billings that jumped 30% to $628 million, beating calls for $584 million. Adjusted earnings in the period were 88 cents a share—better than the 66 cents expected by analysts. Zscaler’s forecast for the fourth quarter also topped estimates. Shares gained 8.5%.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/MRVL\">Marvell Technology</a> posted first-quarter revenue of $1.16 billion, down 12% from a year earlier, but higher than estimates of $1.15 billion. Revenue at the chip maker was helped by stronger-than-expected AI demand. Adjusted earnings in the period were 24 cents a share, matching Wall Street expectations. Marvell expects revenue in the current second quarter of $1.25 billion, plus or minus 5%. Analysts had been anticipating $1.22 billion. But the stock closed down10% as other parts of Marvell’s business were pressured.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/CZR\">Caesars Entertainment</a> rose nearly 12% after Bloomberg, citing people familiar with the matter, reported that Carl Icahn has built a sizable position in the casino company.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/GPS\">Gap</a> soared 29% after first-quarter earnings at the retailer of 41 cents a share smashed estimates of 14 cents, revenue rose 3% to $3.4 billion, and same-store sales jumped 3%, a notable improvement from a year-earlier decline of 4% and better than analysts’ projections for an increase of 1.1%. Gap also raised its outlook for the fiscal year ending in February.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/JWN\">Nordstrom</a> reported a wider-than-expected first-quarter loss but shares of the retailer climbed 5% higher. Sales in the period of $3.34 billion rose from $3.18 billion a year earlier and beat estimates of $3.19 billion. </p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/PD\">PagerDuty</a> posted mixed first-quarter results, though billings were better than expected. The software company’s chief financial officer, Howard Wilson said that annual recurring revenue in the quarter stabilized at 10%. PagerDuty continues to expect some modest acceleration by that measure in the back half of the fiscal year. The stock finished up 5.7%.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/VFC\">VF Corp.</a>, which owns clothing brands The North Face, Vans, and Timberland, rose 7.6% after naming Michelle “Sun” Choe global brands president of Vans. Choe previously served as Lululemon’s  chief product officer.</p><h2 id=\"id_3378142872\">Market News</h2><h3 id=\"id_3215285400\">Fed’s Favored Inflation Gauge Cools, Spending Unexpectedly Drops</h3><p>The Federal Reserve’s preferred measure of underlying US inflation moderated in April and consumers dialed back their spending, supporting plans for an eventual reduction in interest rates.</p><p style=\"text-align: start;\">The so-called core personal consumption expenditures price index, which strips out the volatile food and energy components, increased 0.2% from the prior month. That marked the smallest advance of the year, according to Bureau of Economic Analysis data out Friday.</p><h3 id=\"id_3216303141\">Fitch Lowers Boeing 2024 Aircraft Delivery, Cash Flow Forecasts</h3><p>Fitch Ratings lowered its 2024 forecasts for Boeing&#39;s aircraft delivery and free cash flow on Friday as the planemaker grapples with investigations and slumping production of its strongest-selling jet.</p><p>&#34;The delivery forecasts were affected by the Civil Aviation Administration of China&#39;s (CAAC) decision to restrict certain aircraft model deliveries to Chinese customers while it requests additional documentation regarding voice recorder and battery information,&#34; Fitch said.</p></body></html>","collect":0,"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>Post-Bell | Dow Has Best Daily Gain for Year; Dell Sinks 18%; Gap Soars 29%</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\">\nPost-Bell | Dow Has Best Daily Gain for Year; Dell Sinks 18%; Gap Soars 29%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-06-01 07:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The Dow and S&amp;P 500 ended higher on Friday and the Dow registered its biggest daily percentage gain since November 2023 as month-end repositioning drove a late sharp rally, with all three major indexes posting strong gains for May.</p><h2 id=\"id_966889051\">Market Snapshot</h2><p>The S&amp;P 500 gained 42.03 points, or 0.80%, to end at 5,277.51, while the Nasdaq Composite lost 2.06 points, or 0.01%, to 16,735.02. The Dow Jones Industrial Average rose 574.84 points, or 1.51%, to 38,686.32.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/05008169f76bcec6c95e71eb82aff1c8\" title=\"\" tg-width=\"942\" tg-height=\"150\"/></p><h2 id=\"id_215835447\">Market Movers</h2><p><a href=\"https://laohu8.com/S/DELL\">Dell Technologies</a> reported better-than-expected first-quarter revenue, boosted by both strong demand for servers powered by artificial intelligence and improvement in the commercial personal-computers business. The stock, however, sank 18% after the company discussed emerging pressure on margins.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/DJT\">Trump Media &amp; Technology Group</a>, the operator of Donald Trump’s social-media company Truth Social, dropped 5.3% after the former U.S. president was found guilty on all 34 counts of falsifying business records in a hush-money trial.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/MDB\">MongoDB</a> fell 24% after the data service provider issued disappointing guidance for the second quarter and fiscal year. CEO Dev Ittycheria said the company was off to a slower-than-expected start to the year for both new customer wins and for consumption growth, a development he said will have “downstream impact for the remainder of fiscal 2025.”</p><p style=\"text-align: start;\">First-quarter revenue at <a href=\"https://laohu8.com/S/AMBA\">Ambarella</a> fell 12% from a year earlier, but the stock jumped 21% after CEO Fermi Wang said the chip company was “seeing early signs for the proliferation of AI inferencing at the network edge, and the breadth of our customer engagements is consistent with this, which should create a foundation of multiple applications for revenue growth.”</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/S\">SentinelOne</a> declined 13% after the cybersecurity company reduced its revenue outlook for the fiscal year to a range of $808 million to $815 million, from previous guidance of $812 million to $818 million.</p><p style=\"text-align: start;\">Cybersecurity company <a href=\"https://laohu8.com/S/ZS\">Zscaler</a> reported better-than-expected first-quarter revenue of $553.2 million, rising from $482.3 million a year earlier, and calculated billings that jumped 30% to $628 million, beating calls for $584 million. Adjusted earnings in the period were 88 cents a share—better than the 66 cents expected by analysts. Zscaler’s forecast for the fourth quarter also topped estimates. Shares gained 8.5%.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/MRVL\">Marvell Technology</a> posted first-quarter revenue of $1.16 billion, down 12% from a year earlier, but higher than estimates of $1.15 billion. Revenue at the chip maker was helped by stronger-than-expected AI demand. Adjusted earnings in the period were 24 cents a share, matching Wall Street expectations. Marvell expects revenue in the current second quarter of $1.25 billion, plus or minus 5%. Analysts had been anticipating $1.22 billion. But the stock closed down10% as other parts of Marvell’s business were pressured.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/CZR\">Caesars Entertainment</a> rose nearly 12% after Bloomberg, citing people familiar with the matter, reported that Carl Icahn has built a sizable position in the casino company.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/GPS\">Gap</a> soared 29% after first-quarter earnings at the retailer of 41 cents a share smashed estimates of 14 cents, revenue rose 3% to $3.4 billion, and same-store sales jumped 3%, a notable improvement from a year-earlier decline of 4% and better than analysts’ projections for an increase of 1.1%. Gap also raised its outlook for the fiscal year ending in February.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/JWN\">Nordstrom</a> reported a wider-than-expected first-quarter loss but shares of the retailer climbed 5% higher. Sales in the period of $3.34 billion rose from $3.18 billion a year earlier and beat estimates of $3.19 billion. </p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/PD\">PagerDuty</a> posted mixed first-quarter results, though billings were better than expected. The software company’s chief financial officer, Howard Wilson said that annual recurring revenue in the quarter stabilized at 10%. PagerDuty continues to expect some modest acceleration by that measure in the back half of the fiscal year. The stock finished up 5.7%.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/VFC\">VF Corp.</a>, which owns clothing brands The North Face, Vans, and Timberland, rose 7.6% after naming Michelle “Sun” Choe global brands president of Vans. Choe previously served as Lululemon’s  chief product officer.</p><h2 id=\"id_3378142872\">Market News</h2><h3 id=\"id_3215285400\">Fed’s Favored Inflation Gauge Cools, Spending Unexpectedly Drops</h3><p>The Federal Reserve’s preferred measure of underlying US inflation moderated in April and consumers dialed back their spending, supporting plans for an eventual reduction in interest rates.</p><p style=\"text-align: start;\">The so-called core personal consumption expenditures price index, which strips out the volatile food and energy components, increased 0.2% from the prior month. That marked the smallest advance of the year, according to Bureau of Economic Analysis data out Friday.</p><h3 id=\"id_3216303141\">Fitch Lowers Boeing 2024 Aircraft Delivery, Cash Flow Forecasts</h3><p>Fitch Ratings lowered its 2024 forecasts for Boeing&#39;s aircraft delivery and free cash flow on Friday as the planemaker grapples with investigations and slumping production of its strongest-selling jet.</p><p>&#34;The delivery forecasts were affected by the Civil Aviation Administration of China&#39;s (CAAC) decision to restrict certain aircraft model deliveries to Chinese customers while it requests additional documentation regarding voice recorder and battery information,&#34; Fitch said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180614337","content_text":"The Dow and S&P 500 ended higher on Friday and the Dow registered its biggest daily percentage gain since November 2023 as month-end repositioning drove a late sharp rally, with all three major indexes posting strong gains for May.Market SnapshotThe S&P 500 gained 42.03 points, or 0.80%, to end at 5,277.51, while the Nasdaq Composite lost 2.06 points, or 0.01%, to 16,735.02. The Dow Jones Industrial Average rose 574.84 points, or 1.51%, to 38,686.32.Market MoversDell Technologies reported better-than-expected first-quarter revenue, boosted by both strong demand for servers powered by artificial intelligence and improvement in the commercial personal-computers business. The stock, however, sank 18% after the company discussed emerging pressure on margins.Trump Media & Technology Group, the operator of Donald Trump’s social-media company Truth Social, dropped 5.3% after the former U.S. president was found guilty on all 34 counts of falsifying business records in a hush-money trial.MongoDB fell 24% after the data service provider issued disappointing guidance for the second quarter and fiscal year. CEO Dev Ittycheria said the company was off to a slower-than-expected start to the year for both new customer wins and for consumption growth, a development he said will have “downstream impact for the remainder of fiscal 2025.”First-quarter revenue at Ambarella fell 12% from a year earlier, but the stock jumped 21% after CEO Fermi Wang said the chip company was “seeing early signs for the proliferation of AI inferencing at the network edge, and the breadth of our customer engagements is consistent with this, which should create a foundation of multiple applications for revenue growth.”SentinelOne declined 13% after the cybersecurity company reduced its revenue outlook for the fiscal year to a range of $808 million to $815 million, from previous guidance of $812 million to $818 million.Cybersecurity company Zscaler reported better-than-expected first-quarter revenue of $553.2 million, rising from $482.3 million a year earlier, and calculated billings that jumped 30% to $628 million, beating calls for $584 million. Adjusted earnings in the period were 88 cents a share—better than the 66 cents expected by analysts. Zscaler’s forecast for the fourth quarter also topped estimates. Shares gained 8.5%.Marvell Technology posted first-quarter revenue of $1.16 billion, down 12% from a year earlier, but higher than estimates of $1.15 billion. Revenue at the chip maker was helped by stronger-than-expected AI demand. Adjusted earnings in the period were 24 cents a share, matching Wall Street expectations. Marvell expects revenue in the current second quarter of $1.25 billion, plus or minus 5%. Analysts had been anticipating $1.22 billion. But the stock closed down10% as other parts of Marvell’s business were pressured.Caesars Entertainment rose nearly 12% after Bloomberg, citing people familiar with the matter, reported that Carl Icahn has built a sizable position in the casino company.Gap soared 29% after first-quarter earnings at the retailer of 41 cents a share smashed estimates of 14 cents, revenue rose 3% to $3.4 billion, and same-store sales jumped 3%, a notable improvement from a year-earlier decline of 4% and better than analysts’ projections for an increase of 1.1%. Gap also raised its outlook for the fiscal year ending in February.Nordstrom reported a wider-than-expected first-quarter loss but shares of the retailer climbed 5% higher. Sales in the period of $3.34 billion rose from $3.18 billion a year earlier and beat estimates of $3.19 billion. PagerDuty posted mixed first-quarter results, though billings were better than expected. The software company’s chief financial officer, Howard Wilson said that annual recurring revenue in the quarter stabilized at 10%. PagerDuty continues to expect some modest acceleration by that measure in the back half of the fiscal year. The stock finished up 5.7%.VF Corp., which owns clothing brands The North Face, Vans, and Timberland, rose 7.6% after naming Michelle “Sun” Choe global brands president of Vans. Choe previously served as Lululemon’s  chief product officer.Market NewsFed’s Favored Inflation Gauge Cools, Spending Unexpectedly DropsThe Federal Reserve’s preferred measure of underlying US inflation moderated in April and consumers dialed back their spending, supporting plans for an eventual reduction in interest rates.The so-called core personal consumption expenditures price index, which strips out the volatile food and energy components, increased 0.2% from the prior month. That marked the smallest advance of the year, according to Bureau of Economic Analysis data out Friday.Fitch Lowers Boeing 2024 Aircraft Delivery, Cash Flow ForecastsFitch Ratings lowered its 2024 forecasts for Boeing's aircraft delivery and free cash flow on Friday as the planemaker grapples with investigations and slumping production of its strongest-selling jet.\"The delivery forecasts were affected by the Civil Aviation Administration of China's (CAAC) decision to restrict certain aircraft model deliveries to Chinese customers while it requests additional documentation regarding voice recorder and battery information,\" Fitch said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":288199211847704,"gmtCreate":1711383823091,"gmtModify":1711384716564,"author":{"id":"4173394945368122","authorId":"4173394945368122","name":"Rainbow Ang","avatar":"https://community-static.tradeup.com/news/eaba3467e91db7620d59de833515dc93","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4173394945368122","authorIdStr":"4173394945368122"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/288199211847704","repostId":"1169618188","repostType":2,"isVote":1,"tweetType":1,"viewCount":208,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":288199211847704,"gmtCreate":1711383823091,"gmtModify":1711384716564,"author":{"id":"4173394945368122","authorId":"4173394945368122","name":"Rainbow Ang","avatar":"https://community-static.tradeup.com/news/eaba3467e91db7620d59de833515dc93","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4173394945368122","authorIdStr":"4173394945368122"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/288199211847704","repostId":"1169618188","repostType":2,"repost":{"id":"1169618188","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1711380600,"share":"https://ttm.financial/m/news/1169618188?lang=&edition=fundamental","pubTime":"2024-03-25 23:30","market":"us","language":"en","title":"Top Calls on Wall Street: Nvidia, Apple, Tesla, Super Micro Computer, Netflix, Disney and More","url":"https://stock-news.laohu8.com/highlight/detail?id=1169618188","media":"Tiger Newspress","summary":"Here are Monday’s biggest calls on Wall Street:UBS reiterates Apple as neutralUBS said its survey checks on Apple’s iPhone show “more consumption of Services but [the] rate of change [is] slowing.”“Ke","content":"<html><head></head><body><p>Here are Monday’s biggest calls on Wall Street:</p><h2 id=\"id_1698039178\" style=\"text-align: start;\">UBS reiterates Apple as neutral</h2><p>UBS said its survey checks on Apple’s iPhone show “more consumption of Services but [the] rate of change [is] slowing.”</p><p>“Key takeaways include: 1) iPhone retention rate in the US is 79%, down 400 bps from last year. In China, iPhone retention rate is 49%, up from 44% last year. 2) The average age of the iPhone installed base ex China is over 34 months, vs 31 months in the prior survey likely driven by soft global sell-through over the past 12 mos.”</p><h2 id=\"id_803153609\" style=\"text-align: start;\">Bank of America reiterates Nvidia as buy</h2><p>Bank of America said Nvidia is one of the firm’s picks for its best-of-breed second-quarter list.</p><p>“BoB stocks have strong management, balance sheets, EPS growth, cash flow; the highest quality companies generate the best relative returns long term and protect against volatility short term.</p><h2 id=\"id_2396212171\" style=\"text-align: start;\">Morgan Stanley reiterates Tesla as overweight</h2><p>Morgan Stanley said it’s standing by its overweight rating on the stock.</p><p>“We know it’s very hard to imagine today… but we eventually expect to potentially see a load of new product coming out of Tesla and expect the stock to eventually price this in well ahead of their respective launches.”</p><h2 id=\"id_1889383398\" style=\"text-align: start;\">Bank of America reiterates Amazon &amp; Meta as buy</h2><p>Bank of America said it’s standing by its buy rating on Meta and Amazon after a series of meetings with hedge-fund clients.</p><p>“We thought sentiment on Big-3 Internet stocks was most positive on Meta, very positive on Amazon, and most cautious on Alphabet.”</p><h2 id=\"id_3665407443\" style=\"text-align: start;\">Mizuho downgrades Tesla, Rivian and Nio to neutral from buy</h2><p>Mizuho downgraded several EV companies due to concerns about slowing EV demand.</p><p>“While we remain constructive on the broader EV landscape with the LT trend to electrification, near-term EV demand and tightening liquidity are creating challenges into 2025E. We are therefore downgrading TSLA, RIVN and NIO to Neutral, while maintaining GM/ALV at Buy.”</p><h2 id=\"id_2531676368\" style=\"text-align: start;\">Citi reiterates Netflix as neutral</h2><p>Citi raised its price target on Netflix to $660 per share from $555.</p><p>“Looking ahead, we expect the firm to continue to see healthy sub growth and see scope for consensus subscriber estimates to move higher.”</p><h2 id=\"id_3141223053\" style=\"text-align: start;\">JPMorgan initiates Super Micro Computer as overweight</h2><p>JPMorgan said Super Micro Computer is at the “forefront” of the AI revolution.</p><p>“AI Revolution Through Rich Compute; Initiate at OW with PT of $1,150.”</p><h2 id=\"id_1129437782\" style=\"text-align: start;\">Barclays upgrades Disney to overweight from equal weight</h2><p>Barclays said in its upgrade of Disney that it sees a “narrative reset.”</p><p>“The recent narrative reset is likely to be followed by positive estimate revisions, which is still early in the cycle and should further support valuation.”</p><h2 id=\"id_2767184189\" style=\"text-align: start;\">Morgan Stanley reiterates Adobe as overweight</h2><p>Morgan Stanley said it’s standing by its overweight rating on the stock.</p><p>“The investment thesis for Adobe builds on a premise ‘the whole is more valuable than the sum of its parts’, specifically in enabling GenAI capabilities. However, more disclosure would help to garner confidence from investors that the equation is valid and competitive threats are overstated.”</p><h2 id=\"id_35263615\" style=\"text-align: start;\">Wells Fargo reiterates Citi as overweight</h2><p>Wells Fargo raised its price target on Citi to $80 per share from $70.</p><p>“We increase our PT to $80.”</p><h2 id=\"id_4063656954\" style=\"text-align: start;\">Argus downgrades McDonald’s to hold from buy</h2><p>Argus downgraded McDonald’s on concerns about slowing traffic.</p><p>“Downgrading to HOLD on prospects for weak customer traffic.”</p></body></html>","collect":0,"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>Top Calls on Wall Street: Nvidia, Apple, Tesla, Super Micro Computer, Netflix, Disney and More</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\">\nTop Calls on Wall Street: Nvidia, Apple, Tesla, Super Micro Computer, Netflix, Disney and More\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-03-25 23:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Here are Monday’s biggest calls on Wall Street:</p><h2 id=\"id_1698039178\" style=\"text-align: start;\">UBS reiterates Apple as neutral</h2><p>UBS said its survey checks on Apple’s iPhone show “more consumption of Services but [the] rate of change [is] slowing.”</p><p>“Key takeaways include: 1) iPhone retention rate in the US is 79%, down 400 bps from last year. In China, iPhone retention rate is 49%, up from 44% last year. 2) The average age of the iPhone installed base ex China is over 34 months, vs 31 months in the prior survey likely driven by soft global sell-through over the past 12 mos.”</p><h2 id=\"id_803153609\" style=\"text-align: start;\">Bank of America reiterates Nvidia as buy</h2><p>Bank of America said Nvidia is one of the firm’s picks for its best-of-breed second-quarter list.</p><p>“BoB stocks have strong management, balance sheets, EPS growth, cash flow; the highest quality companies generate the best relative returns long term and protect against volatility short term.</p><h2 id=\"id_2396212171\" style=\"text-align: start;\">Morgan Stanley reiterates Tesla as overweight</h2><p>Morgan Stanley said it’s standing by its overweight rating on the stock.</p><p>“We know it’s very hard to imagine today… but we eventually expect to potentially see a load of new product coming out of Tesla and expect the stock to eventually price this in well ahead of their respective launches.”</p><h2 id=\"id_1889383398\" style=\"text-align: start;\">Bank of America reiterates Amazon &amp; Meta as buy</h2><p>Bank of America said it’s standing by its buy rating on Meta and Amazon after a series of meetings with hedge-fund clients.</p><p>“We thought sentiment on Big-3 Internet stocks was most positive on Meta, very positive on Amazon, and most cautious on Alphabet.”</p><h2 id=\"id_3665407443\" style=\"text-align: start;\">Mizuho downgrades Tesla, Rivian and Nio to neutral from buy</h2><p>Mizuho downgraded several EV companies due to concerns about slowing EV demand.</p><p>“While we remain constructive on the broader EV landscape with the LT trend to electrification, near-term EV demand and tightening liquidity are creating challenges into 2025E. We are therefore downgrading TSLA, RIVN and NIO to Neutral, while maintaining GM/ALV at Buy.”</p><h2 id=\"id_2531676368\" style=\"text-align: start;\">Citi reiterates Netflix as neutral</h2><p>Citi raised its price target on Netflix to $660 per share from $555.</p><p>“Looking ahead, we expect the firm to continue to see healthy sub growth and see scope for consensus subscriber estimates to move higher.”</p><h2 id=\"id_3141223053\" style=\"text-align: start;\">JPMorgan initiates Super Micro Computer as overweight</h2><p>JPMorgan said Super Micro Computer is at the “forefront” of the AI revolution.</p><p>“AI Revolution Through Rich Compute; Initiate at OW with PT of $1,150.”</p><h2 id=\"id_1129437782\" style=\"text-align: start;\">Barclays upgrades Disney to overweight from equal weight</h2><p>Barclays said in its upgrade of Disney that it sees a “narrative reset.”</p><p>“The recent narrative reset is likely to be followed by positive estimate revisions, which is still early in the cycle and should further support valuation.”</p><h2 id=\"id_2767184189\" style=\"text-align: start;\">Morgan Stanley reiterates Adobe as overweight</h2><p>Morgan Stanley said it’s standing by its overweight rating on the stock.</p><p>“The investment thesis for Adobe builds on a premise ‘the whole is more valuable than the sum of its parts’, specifically in enabling GenAI capabilities. However, more disclosure would help to garner confidence from investors that the equation is valid and competitive threats are overstated.”</p><h2 id=\"id_35263615\" style=\"text-align: start;\">Wells Fargo reiterates Citi as overweight</h2><p>Wells Fargo raised its price target on Citi to $80 per share from $70.</p><p>“We increase our PT to $80.”</p><h2 id=\"id_4063656954\" style=\"text-align: start;\">Argus downgrades McDonald’s to hold from buy</h2><p>Argus downgraded McDonald’s on concerns about slowing traffic.</p><p>“Downgrading to HOLD on prospects for weak customer traffic.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","AAPL":"苹果","NVDA":"英伟达","NFLX":"奈飞","NIO":"蔚来","META":"Meta Platforms, Inc.","MCD":"麦当劳","DIS":"迪士尼","SMCI":"超微电脑","TSLA":"特斯拉","ADBE":"Adobe","AMZN":"亚马逊"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169618188","content_text":"Here are Monday’s biggest calls on Wall Street:UBS reiterates Apple as neutralUBS said its survey checks on Apple’s iPhone show “more consumption of Services but [the] rate of change [is] slowing.”“Key takeaways include: 1) iPhone retention rate in the US is 79%, down 400 bps from last year. In China, iPhone retention rate is 49%, up from 44% last year. 2) The average age of the iPhone installed base ex China is over 34 months, vs 31 months in the prior survey likely driven by soft global sell-through over the past 12 mos.”Bank of America reiterates Nvidia as buyBank of America said Nvidia is one of the firm’s picks for its best-of-breed second-quarter list.“BoB stocks have strong management, balance sheets, EPS growth, cash flow; the highest quality companies generate the best relative returns long term and protect against volatility short term.Morgan Stanley reiterates Tesla as overweightMorgan Stanley said it’s standing by its overweight rating on the stock.“We know it’s very hard to imagine today… but we eventually expect to potentially see a load of new product coming out of Tesla and expect the stock to eventually price this in well ahead of their respective launches.”Bank of America reiterates Amazon & Meta as buyBank of America said it’s standing by its buy rating on Meta and Amazon after a series of meetings with hedge-fund clients.“We thought sentiment on Big-3 Internet stocks was most positive on Meta, very positive on Amazon, and most cautious on Alphabet.”Mizuho downgrades Tesla, Rivian and Nio to neutral from buyMizuho downgraded several EV companies due to concerns about slowing EV demand.“While we remain constructive on the broader EV landscape with the LT trend to electrification, near-term EV demand and tightening liquidity are creating challenges into 2025E. We are therefore downgrading TSLA, RIVN and NIO to Neutral, while maintaining GM/ALV at Buy.”Citi reiterates Netflix as neutralCiti raised its price target on Netflix to $660 per share from $555.“Looking ahead, we expect the firm to continue to see healthy sub growth and see scope for consensus subscriber estimates to move higher.”JPMorgan initiates Super Micro Computer as overweightJPMorgan said Super Micro Computer is at the “forefront” of the AI revolution.“AI Revolution Through Rich Compute; Initiate at OW with PT of $1,150.”Barclays upgrades Disney to overweight from equal weightBarclays said in its upgrade of Disney that it sees a “narrative reset.”“The recent narrative reset is likely to be followed by positive estimate revisions, which is still early in the cycle and should further support valuation.”Morgan Stanley reiterates Adobe as overweightMorgan Stanley said it’s standing by its overweight rating on the stock.“The investment thesis for Adobe builds on a premise ‘the whole is more valuable than the sum of its parts’, specifically in enabling GenAI capabilities. However, more disclosure would help to garner confidence from investors that the equation is valid and competitive threats are overstated.”Wells Fargo reiterates Citi as overweightWells Fargo raised its price target on Citi to $80 per share from $70.“We increase our PT to $80.”Argus downgrades McDonald’s to hold from buyArgus downgraded McDonald’s on concerns about slowing traffic.“Downgrading to HOLD on prospects for weak customer traffic.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":208,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312010875920488,"gmtCreate":1717200264124,"gmtModify":1717208162942,"author":{"id":"4173394945368122","authorId":"4173394945368122","name":"Rainbow Ang","avatar":"https://community-static.tradeup.com/news/eaba3467e91db7620d59de833515dc93","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4173394945368122","authorIdStr":"4173394945368122"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/312010875920488","repostId":"1180614337","repostType":2,"repost":{"id":"1180614337","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1717196511,"share":"https://ttm.financial/m/news/1180614337?lang=&edition=fundamental","pubTime":"2024-06-01 07:01","market":"us","language":"en","title":"Post-Bell | Dow Has Best Daily Gain for Year; Dell Sinks 18%; Gap Soars 29%","url":"https://stock-news.laohu8.com/highlight/detail?id=1180614337","media":"Tiger Newspress","summary":"The Dow and S&P 500 ended higher on Friday and the Dow registered its biggest daily percentage gain since November 2023 as month-end repositioning drove a late sharp rally, with all three major indexe","content":"<html><head></head><body><p>The Dow and S&amp;P 500 ended higher on Friday and the Dow registered its biggest daily percentage gain since November 2023 as month-end repositioning drove a late sharp rally, with all three major indexes posting strong gains for May.</p><h2 id=\"id_966889051\">Market Snapshot</h2><p>The S&amp;P 500 gained 42.03 points, or 0.80%, to end at 5,277.51, while the Nasdaq Composite lost 2.06 points, or 0.01%, to 16,735.02. The Dow Jones Industrial Average rose 574.84 points, or 1.51%, to 38,686.32.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/05008169f76bcec6c95e71eb82aff1c8\" title=\"\" tg-width=\"942\" tg-height=\"150\"/></p><h2 id=\"id_215835447\">Market Movers</h2><p><a href=\"https://laohu8.com/S/DELL\">Dell Technologies</a> reported better-than-expected first-quarter revenue, boosted by both strong demand for servers powered by artificial intelligence and improvement in the commercial personal-computers business. The stock, however, sank 18% after the company discussed emerging pressure on margins.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/DJT\">Trump Media &amp; Technology Group</a>, the operator of Donald Trump’s social-media company Truth Social, dropped 5.3% after the former U.S. president was found guilty on all 34 counts of falsifying business records in a hush-money trial.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/MDB\">MongoDB</a> fell 24% after the data service provider issued disappointing guidance for the second quarter and fiscal year. CEO Dev Ittycheria said the company was off to a slower-than-expected start to the year for both new customer wins and for consumption growth, a development he said will have “downstream impact for the remainder of fiscal 2025.”</p><p style=\"text-align: start;\">First-quarter revenue at <a href=\"https://laohu8.com/S/AMBA\">Ambarella</a> fell 12% from a year earlier, but the stock jumped 21% after CEO Fermi Wang said the chip company was “seeing early signs for the proliferation of AI inferencing at the network edge, and the breadth of our customer engagements is consistent with this, which should create a foundation of multiple applications for revenue growth.”</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/S\">SentinelOne</a> declined 13% after the cybersecurity company reduced its revenue outlook for the fiscal year to a range of $808 million to $815 million, from previous guidance of $812 million to $818 million.</p><p style=\"text-align: start;\">Cybersecurity company <a href=\"https://laohu8.com/S/ZS\">Zscaler</a> reported better-than-expected first-quarter revenue of $553.2 million, rising from $482.3 million a year earlier, and calculated billings that jumped 30% to $628 million, beating calls for $584 million. Adjusted earnings in the period were 88 cents a share—better than the 66 cents expected by analysts. Zscaler’s forecast for the fourth quarter also topped estimates. Shares gained 8.5%.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/MRVL\">Marvell Technology</a> posted first-quarter revenue of $1.16 billion, down 12% from a year earlier, but higher than estimates of $1.15 billion. Revenue at the chip maker was helped by stronger-than-expected AI demand. Adjusted earnings in the period were 24 cents a share, matching Wall Street expectations. Marvell expects revenue in the current second quarter of $1.25 billion, plus or minus 5%. Analysts had been anticipating $1.22 billion. But the stock closed down10% as other parts of Marvell’s business were pressured.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/CZR\">Caesars Entertainment</a> rose nearly 12% after Bloomberg, citing people familiar with the matter, reported that Carl Icahn has built a sizable position in the casino company.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/GPS\">Gap</a> soared 29% after first-quarter earnings at the retailer of 41 cents a share smashed estimates of 14 cents, revenue rose 3% to $3.4 billion, and same-store sales jumped 3%, a notable improvement from a year-earlier decline of 4% and better than analysts’ projections for an increase of 1.1%. Gap also raised its outlook for the fiscal year ending in February.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/JWN\">Nordstrom</a> reported a wider-than-expected first-quarter loss but shares of the retailer climbed 5% higher. Sales in the period of $3.34 billion rose from $3.18 billion a year earlier and beat estimates of $3.19 billion. </p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/PD\">PagerDuty</a> posted mixed first-quarter results, though billings were better than expected. The software company’s chief financial officer, Howard Wilson said that annual recurring revenue in the quarter stabilized at 10%. PagerDuty continues to expect some modest acceleration by that measure in the back half of the fiscal year. The stock finished up 5.7%.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/VFC\">VF Corp.</a>, which owns clothing brands The North Face, Vans, and Timberland, rose 7.6% after naming Michelle “Sun” Choe global brands president of Vans. Choe previously served as Lululemon’s  chief product officer.</p><h2 id=\"id_3378142872\">Market News</h2><h3 id=\"id_3215285400\">Fed’s Favored Inflation Gauge Cools, Spending Unexpectedly Drops</h3><p>The Federal Reserve’s preferred measure of underlying US inflation moderated in April and consumers dialed back their spending, supporting plans for an eventual reduction in interest rates.</p><p style=\"text-align: start;\">The so-called core personal consumption expenditures price index, which strips out the volatile food and energy components, increased 0.2% from the prior month. That marked the smallest advance of the year, according to Bureau of Economic Analysis data out Friday.</p><h3 id=\"id_3216303141\">Fitch Lowers Boeing 2024 Aircraft Delivery, Cash Flow Forecasts</h3><p>Fitch Ratings lowered its 2024 forecasts for Boeing&#39;s aircraft delivery and free cash flow on Friday as the planemaker grapples with investigations and slumping production of its strongest-selling jet.</p><p>&#34;The delivery forecasts were affected by the Civil Aviation Administration of China&#39;s (CAAC) decision to restrict certain aircraft model deliveries to Chinese customers while it requests additional documentation regarding voice recorder and battery information,&#34; Fitch said.</p></body></html>","collect":0,"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>Post-Bell | Dow Has Best Daily Gain for Year; Dell Sinks 18%; Gap Soars 29%</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\">\nPost-Bell | Dow Has Best Daily Gain for Year; Dell Sinks 18%; Gap Soars 29%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-06-01 07:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The Dow and S&amp;P 500 ended higher on Friday and the Dow registered its biggest daily percentage gain since November 2023 as month-end repositioning drove a late sharp rally, with all three major indexes posting strong gains for May.</p><h2 id=\"id_966889051\">Market Snapshot</h2><p>The S&amp;P 500 gained 42.03 points, or 0.80%, to end at 5,277.51, while the Nasdaq Composite lost 2.06 points, or 0.01%, to 16,735.02. The Dow Jones Industrial Average rose 574.84 points, or 1.51%, to 38,686.32.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/05008169f76bcec6c95e71eb82aff1c8\" title=\"\" tg-width=\"942\" tg-height=\"150\"/></p><h2 id=\"id_215835447\">Market Movers</h2><p><a href=\"https://laohu8.com/S/DELL\">Dell Technologies</a> reported better-than-expected first-quarter revenue, boosted by both strong demand for servers powered by artificial intelligence and improvement in the commercial personal-computers business. The stock, however, sank 18% after the company discussed emerging pressure on margins.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/DJT\">Trump Media &amp; Technology Group</a>, the operator of Donald Trump’s social-media company Truth Social, dropped 5.3% after the former U.S. president was found guilty on all 34 counts of falsifying business records in a hush-money trial.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/MDB\">MongoDB</a> fell 24% after the data service provider issued disappointing guidance for the second quarter and fiscal year. CEO Dev Ittycheria said the company was off to a slower-than-expected start to the year for both new customer wins and for consumption growth, a development he said will have “downstream impact for the remainder of fiscal 2025.”</p><p style=\"text-align: start;\">First-quarter revenue at <a href=\"https://laohu8.com/S/AMBA\">Ambarella</a> fell 12% from a year earlier, but the stock jumped 21% after CEO Fermi Wang said the chip company was “seeing early signs for the proliferation of AI inferencing at the network edge, and the breadth of our customer engagements is consistent with this, which should create a foundation of multiple applications for revenue growth.”</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/S\">SentinelOne</a> declined 13% after the cybersecurity company reduced its revenue outlook for the fiscal year to a range of $808 million to $815 million, from previous guidance of $812 million to $818 million.</p><p style=\"text-align: start;\">Cybersecurity company <a href=\"https://laohu8.com/S/ZS\">Zscaler</a> reported better-than-expected first-quarter revenue of $553.2 million, rising from $482.3 million a year earlier, and calculated billings that jumped 30% to $628 million, beating calls for $584 million. Adjusted earnings in the period were 88 cents a share—better than the 66 cents expected by analysts. Zscaler’s forecast for the fourth quarter also topped estimates. Shares gained 8.5%.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/MRVL\">Marvell Technology</a> posted first-quarter revenue of $1.16 billion, down 12% from a year earlier, but higher than estimates of $1.15 billion. Revenue at the chip maker was helped by stronger-than-expected AI demand. Adjusted earnings in the period were 24 cents a share, matching Wall Street expectations. Marvell expects revenue in the current second quarter of $1.25 billion, plus or minus 5%. Analysts had been anticipating $1.22 billion. But the stock closed down10% as other parts of Marvell’s business were pressured.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/CZR\">Caesars Entertainment</a> rose nearly 12% after Bloomberg, citing people familiar with the matter, reported that Carl Icahn has built a sizable position in the casino company.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/GPS\">Gap</a> soared 29% after first-quarter earnings at the retailer of 41 cents a share smashed estimates of 14 cents, revenue rose 3% to $3.4 billion, and same-store sales jumped 3%, a notable improvement from a year-earlier decline of 4% and better than analysts’ projections for an increase of 1.1%. Gap also raised its outlook for the fiscal year ending in February.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/JWN\">Nordstrom</a> reported a wider-than-expected first-quarter loss but shares of the retailer climbed 5% higher. Sales in the period of $3.34 billion rose from $3.18 billion a year earlier and beat estimates of $3.19 billion. </p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/PD\">PagerDuty</a> posted mixed first-quarter results, though billings were better than expected. The software company’s chief financial officer, Howard Wilson said that annual recurring revenue in the quarter stabilized at 10%. PagerDuty continues to expect some modest acceleration by that measure in the back half of the fiscal year. The stock finished up 5.7%.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/VFC\">VF Corp.</a>, which owns clothing brands The North Face, Vans, and Timberland, rose 7.6% after naming Michelle “Sun” Choe global brands president of Vans. Choe previously served as Lululemon’s  chief product officer.</p><h2 id=\"id_3378142872\">Market News</h2><h3 id=\"id_3215285400\">Fed’s Favored Inflation Gauge Cools, Spending Unexpectedly Drops</h3><p>The Federal Reserve’s preferred measure of underlying US inflation moderated in April and consumers dialed back their spending, supporting plans for an eventual reduction in interest rates.</p><p style=\"text-align: start;\">The so-called core personal consumption expenditures price index, which strips out the volatile food and energy components, increased 0.2% from the prior month. That marked the smallest advance of the year, according to Bureau of Economic Analysis data out Friday.</p><h3 id=\"id_3216303141\">Fitch Lowers Boeing 2024 Aircraft Delivery, Cash Flow Forecasts</h3><p>Fitch Ratings lowered its 2024 forecasts for Boeing&#39;s aircraft delivery and free cash flow on Friday as the planemaker grapples with investigations and slumping production of its strongest-selling jet.</p><p>&#34;The delivery forecasts were affected by the Civil Aviation Administration of China&#39;s (CAAC) decision to restrict certain aircraft model deliveries to Chinese customers while it requests additional documentation regarding voice recorder and battery information,&#34; Fitch said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180614337","content_text":"The Dow and S&P 500 ended higher on Friday and the Dow registered its biggest daily percentage gain since November 2023 as month-end repositioning drove a late sharp rally, with all three major indexes posting strong gains for May.Market SnapshotThe S&P 500 gained 42.03 points, or 0.80%, to end at 5,277.51, while the Nasdaq Composite lost 2.06 points, or 0.01%, to 16,735.02. The Dow Jones Industrial Average rose 574.84 points, or 1.51%, to 38,686.32.Market MoversDell Technologies reported better-than-expected first-quarter revenue, boosted by both strong demand for servers powered by artificial intelligence and improvement in the commercial personal-computers business. The stock, however, sank 18% after the company discussed emerging pressure on margins.Trump Media & Technology Group, the operator of Donald Trump’s social-media company Truth Social, dropped 5.3% after the former U.S. president was found guilty on all 34 counts of falsifying business records in a hush-money trial.MongoDB fell 24% after the data service provider issued disappointing guidance for the second quarter and fiscal year. CEO Dev Ittycheria said the company was off to a slower-than-expected start to the year for both new customer wins and for consumption growth, a development he said will have “downstream impact for the remainder of fiscal 2025.”First-quarter revenue at Ambarella fell 12% from a year earlier, but the stock jumped 21% after CEO Fermi Wang said the chip company was “seeing early signs for the proliferation of AI inferencing at the network edge, and the breadth of our customer engagements is consistent with this, which should create a foundation of multiple applications for revenue growth.”SentinelOne declined 13% after the cybersecurity company reduced its revenue outlook for the fiscal year to a range of $808 million to $815 million, from previous guidance of $812 million to $818 million.Cybersecurity company Zscaler reported better-than-expected first-quarter revenue of $553.2 million, rising from $482.3 million a year earlier, and calculated billings that jumped 30% to $628 million, beating calls for $584 million. Adjusted earnings in the period were 88 cents a share—better than the 66 cents expected by analysts. Zscaler’s forecast for the fourth quarter also topped estimates. Shares gained 8.5%.Marvell Technology posted first-quarter revenue of $1.16 billion, down 12% from a year earlier, but higher than estimates of $1.15 billion. Revenue at the chip maker was helped by stronger-than-expected AI demand. Adjusted earnings in the period were 24 cents a share, matching Wall Street expectations. Marvell expects revenue in the current second quarter of $1.25 billion, plus or minus 5%. Analysts had been anticipating $1.22 billion. But the stock closed down10% as other parts of Marvell’s business were pressured.Caesars Entertainment rose nearly 12% after Bloomberg, citing people familiar with the matter, reported that Carl Icahn has built a sizable position in the casino company.Gap soared 29% after first-quarter earnings at the retailer of 41 cents a share smashed estimates of 14 cents, revenue rose 3% to $3.4 billion, and same-store sales jumped 3%, a notable improvement from a year-earlier decline of 4% and better than analysts’ projections for an increase of 1.1%. Gap also raised its outlook for the fiscal year ending in February.Nordstrom reported a wider-than-expected first-quarter loss but shares of the retailer climbed 5% higher. Sales in the period of $3.34 billion rose from $3.18 billion a year earlier and beat estimates of $3.19 billion. PagerDuty posted mixed first-quarter results, though billings were better than expected. The software company’s chief financial officer, Howard Wilson said that annual recurring revenue in the quarter stabilized at 10%. PagerDuty continues to expect some modest acceleration by that measure in the back half of the fiscal year. The stock finished up 5.7%.VF Corp., which owns clothing brands The North Face, Vans, and Timberland, rose 7.6% after naming Michelle “Sun” Choe global brands president of Vans. Choe previously served as Lululemon’s  chief product officer.Market NewsFed’s Favored Inflation Gauge Cools, Spending Unexpectedly DropsThe Federal Reserve’s preferred measure of underlying US inflation moderated in April and consumers dialed back their spending, supporting plans for an eventual reduction in interest rates.The so-called core personal consumption expenditures price index, which strips out the volatile food and energy components, increased 0.2% from the prior month. That marked the smallest advance of the year, according to Bureau of Economic Analysis data out Friday.Fitch Lowers Boeing 2024 Aircraft Delivery, Cash Flow ForecastsFitch Ratings lowered its 2024 forecasts for Boeing's aircraft delivery and free cash flow on Friday as the planemaker grapples with investigations and slumping production of its strongest-selling jet.\"The delivery forecasts were affected by the Civil Aviation Administration of China's (CAAC) decision to restrict certain aircraft model deliveries to Chinese customers while it requests additional documentation regarding voice recorder and battery information,\" Fitch said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326029411762344,"gmtCreate":1720621192190,"gmtModify":1720621233592,"author":{"id":"4173394945368122","authorId":"4173394945368122","name":"Rainbow Ang","avatar":"https://community-static.tradeup.com/news/eaba3467e91db7620d59de833515dc93","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4173394945368122","authorIdStr":"4173394945368122"},"themes":[],"htmlText":"Y","listText":"Y","text":"Y","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/326029411762344","repostId":"1169526110","repostType":2,"repost":{"id":"1169526110","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1720620880,"share":"https://ttm.financial/m/news/1169526110?lang=&edition=fundamental","pubTime":"2024-07-10 22:14","market":"us","language":"en","title":"Semiconductor Stocks Gain; AMD Rises 5.2%; TSMC up 3%","url":"https://stock-news.laohu8.com/highlight/detail?id=1169526110","media":"Tiger Newspress","summary":"Semiconductor stocks gained in premarket trading. Nvidia rose 1%; TSMC rose 2%; Arm rose 0.9%; Micron rose 0.6%; Intel rose 0.4%.$Taiwan Semiconductor Manufacturing(TSM)$’s second-quarter sales were b","content":"<html><head></head><body><p>Semiconductor stocks gained in Wednesday trading. AMD rose 5.2%; TSMC rose 3%; Micron rose 2.7%; Arm rose 2.1%; Nvidia rose 1.7%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d18f8b1ec5cf9f00b7b9930cb0e65a4d\" tg-width=\"395\" tg-height=\"269\"/></p><p>Shares of <strong><a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices</a></strong> rallied Wednesday after the chip maker moved to advance its artificial-intelligence strategy by purchasing what it called Europe’s largest private AI lab.</p><p>The California-based company said it was buying Finland-based Silo AI in a cash deal valued at $665 million.</p><p><strong><a href=\"https://laohu8.com/S/TSM\">Taiwan Semiconductor Manufacturing</a></strong>’s second-quarter sales were buoyed by the AI boom that’s fueling data center investment worldwide.</p><p>The sole supplier of Nvidia Corp. and Apple Inc.’s most advanced chips said revenue for June came to NT$207.9 billion. That means 40% growth in the June quarter to NT$673.5 billion, versus the average projection for a 35.5% rise.</p><p style=\"text-align: start;\">The Wednesday sales figure comes days after the world’s largest contract chipmaker briefly reached a $1 trillion market capitalization on a tide of investment into artificial intelligence-related data centers and devices. Businesses around the world are racing to buy up hardware such as Nvidia chips to build up AI-supporting infrastructure. That’s prompted Wall Street brokerages to lift their price targets for TSMC, citing the chipmaker’s potential move to charge customers more in 2025 to elevate earnings further.</p><p>The AI chip orders have helped make up for lackluster smartphone sales, which are only just emerging from a trough. Apple remains Hsinchu-based TSMC’s biggest customer.</p><p>On Tuesday, KeyBanc analyst John Vinh reiterated his Overweight rating on <strong><a href=\"https://laohu8.com/S/NVDA\">NVIDIA Corp</a></strong> stock and raised his price target to $180 from $130, citing strong demand for the highest-end server model of its new Blackwell GPU product line.</p><p>“We expect GB200 NVL72 to represent the mainstream configuration in 2025,” he wrote. “Feedback this past quarter indicates demand for the GB200 next year is greater than what we had initially heard last quarter and could support over $200 billion in data center revenue in 2025.”</p><p>That $200 billion would be significantly ahead of the current $140 billion Wall Street consensus for Nvidia’s data center revenue next year, according to FactSet.</p></body></html>","collect":0,"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>Semiconductor Stocks Gain; AMD Rises 5.2%; TSMC up 3%</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\">\nSemiconductor Stocks Gain; AMD Rises 5.2%; TSMC up 3%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-07-10 22:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Semiconductor stocks gained in Wednesday trading. AMD rose 5.2%; TSMC rose 3%; Micron rose 2.7%; Arm rose 2.1%; Nvidia rose 1.7%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d18f8b1ec5cf9f00b7b9930cb0e65a4d\" tg-width=\"395\" tg-height=\"269\"/></p><p>Shares of <strong><a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices</a></strong> rallied Wednesday after the chip maker moved to advance its artificial-intelligence strategy by purchasing what it called Europe’s largest private AI lab.</p><p>The California-based company said it was buying Finland-based Silo AI in a cash deal valued at $665 million.</p><p><strong><a href=\"https://laohu8.com/S/TSM\">Taiwan Semiconductor Manufacturing</a></strong>’s second-quarter sales were buoyed by the AI boom that’s fueling data center investment worldwide.</p><p>The sole supplier of Nvidia Corp. and Apple Inc.’s most advanced chips said revenue for June came to NT$207.9 billion. That means 40% growth in the June quarter to NT$673.5 billion, versus the average projection for a 35.5% rise.</p><p style=\"text-align: start;\">The Wednesday sales figure comes days after the world’s largest contract chipmaker briefly reached a $1 trillion market capitalization on a tide of investment into artificial intelligence-related data centers and devices. Businesses around the world are racing to buy up hardware such as Nvidia chips to build up AI-supporting infrastructure. That’s prompted Wall Street brokerages to lift their price targets for TSMC, citing the chipmaker’s potential move to charge customers more in 2025 to elevate earnings further.</p><p>The AI chip orders have helped make up for lackluster smartphone sales, which are only just emerging from a trough. Apple remains Hsinchu-based TSMC’s biggest customer.</p><p>On Tuesday, KeyBanc analyst John Vinh reiterated his Overweight rating on <strong><a href=\"https://laohu8.com/S/NVDA\">NVIDIA Corp</a></strong> stock and raised his price target to $180 from $130, citing strong demand for the highest-end server model of its new Blackwell GPU product line.</p><p>“We expect GB200 NVL72 to represent the mainstream configuration in 2025,” he wrote. “Feedback this past quarter indicates demand for the GB200 next year is greater than what we had initially heard last quarter and could support over $200 billion in data center revenue in 2025.”</p><p>That $200 billion would be significantly ahead of the current $140 billion Wall Street consensus for Nvidia’s data center revenue next year, according to FactSet.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KLAC":"科磊","QCOM":"高通","MU":"美光科技","TSM":"台积电","NVDA":"英伟达","AMD":"美国超微公司","WDC":"西部数据","LRCX":"拉姆研究","SMCI":"超微电脑"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169526110","content_text":"Semiconductor stocks gained in Wednesday trading. AMD rose 5.2%; TSMC rose 3%; Micron rose 2.7%; Arm rose 2.1%; Nvidia rose 1.7%.Shares of Advanced Micro Devices rallied Wednesday after the chip maker moved to advance its artificial-intelligence strategy by purchasing what it called Europe’s largest private AI lab.The California-based company said it was buying Finland-based Silo AI in a cash deal valued at $665 million.Taiwan Semiconductor Manufacturing’s second-quarter sales were buoyed by the AI boom that’s fueling data center investment worldwide.The sole supplier of Nvidia Corp. and Apple Inc.’s most advanced chips said revenue for June came to NT$207.9 billion. That means 40% growth in the June quarter to NT$673.5 billion, versus the average projection for a 35.5% rise.The Wednesday sales figure comes days after the world’s largest contract chipmaker briefly reached a $1 trillion market capitalization on a tide of investment into artificial intelligence-related data centers and devices. Businesses around the world are racing to buy up hardware such as Nvidia chips to build up AI-supporting infrastructure. That’s prompted Wall Street brokerages to lift their price targets for TSMC, citing the chipmaker’s potential move to charge customers more in 2025 to elevate earnings further.The AI chip orders have helped make up for lackluster smartphone sales, which are only just emerging from a trough. Apple remains Hsinchu-based TSMC’s biggest customer.On Tuesday, KeyBanc analyst John Vinh reiterated his Overweight rating on NVIDIA Corp stock and raised his price target to $180 from $130, citing strong demand for the highest-end server model of its new Blackwell GPU product line.“We expect GB200 NVL72 to represent the mainstream configuration in 2025,” he wrote. “Feedback this past quarter indicates demand for the GB200 next year is greater than what we had initially heard last quarter and could support over $200 billion in data center revenue in 2025.”That $200 billion would be significantly ahead of the current $140 billion Wall Street consensus for Nvidia’s data center revenue next year, according to FactSet.","news_type":1},"isVote":1,"tweetType":1,"viewCount":103,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":316035676340296,"gmtCreate":1718182220378,"gmtModify":1718184056174,"author":{"id":"4173394945368122","authorId":"4173394945368122","name":"Rainbow Ang","avatar":"https://community-static.tradeup.com/news/eaba3467e91db7620d59de833515dc93","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4173394945368122","authorIdStr":"4173394945368122"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/316035676340296","repostId":"1102585642","repostType":4,"repost":{"id":"1102585642","kind":"news","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1718182063,"share":"https://ttm.financial/m/news/1102585642?lang=&edition=fundamental","pubTime":"2024-06-12 16:47","market":"us","language":"en","title":"Redstone’s National Amusements Ends Deal Talks With Skydance","url":"https://stock-news.laohu8.com/highlight/detail?id=1102585642","media":"Dow Jones","summary":"Shari Redstone isn’t ready to get out of the entertainment business just yet.The media heiress has ended discussions to sell her controlling stake in Paramount Global to Skydance Media and merge the t","content":"<html><head></head><body><p>Paramount Global shares down 2% premarket after Shari Redstone kills potential merger with Skydance.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/451c7f2ba3ece3bfd7db52e771008ce0\" tg-width=\"462\" tg-height=\"385\"/></p><p>Shari Redstone isn’t ready to get out of the entertainment business just yet.</p><p style=\"text-align: start;\">The media heiress has ended discussions to sell her controlling stake in Paramount Global to Skydance Media and merge the two companies, drawing to a close months of negotiations in one of the messiest deal dramas to play out in recent years.</p><p>National Amusements, the Redstone family company that controls Paramount, said the parties had not been able to reach a deal that would have given Skydance the keys to one of Hollywood’s most storied brands. The statement confirmed news first reported by The Wall Street Journal.</p><p>Redstone’s decision marks a stunning about-face, after she advocated behind the scenes for months for a deal with Skydance. She billed its backers—including CEO David Ellison—as the best stewards for Paramount, owner of the namesake film studio, broadcaster CBS and cable channels such as MTV and Nickelodeon. </p><p>In the end, Redstone had a change of heart, as trust frayed between the two sides. Redstone will now likely pursue a sale of just National Amusements, without trying to merge Paramount into another company, people close to her said. </p><p>A spokeswoman for Skydance had no comment.</p><p>Paramount shares fell about 8% Tuesday after the Journal’s report that the deal talks had ended.</p><p>The deal saga was tumultuous. An earlier bid by Skydance had infuriated many shareholders because it was seen as more beneficial to Redstone than other stakeholders. As Redstone and Skydance pressed forward, Paramount parted ways with its CEO and four of its directors. Other potential bidders emerged, either for Paramount itself or for National Amusements, which also owns a movie-theater chain.</p><p style=\"text-align: start;\">Skydance sweetened its offer last month, providing a way for nonvoting Paramount shareholders to cash out at a premium. Under Skydance’s proposed deal, the production company would have bought National Amusements for around $1.7 billion in cash and would have provided $4.5 billion to buy out a certain number of Paramount’s nonvoting shares and non-Redstone voting shares. Skydance also would have injected $1.5 billion onto Paramount’s balance sheet, which it could use to pay down debt<strong>.</strong></p><p style=\"text-align: start;\">Paramount would then merge with Skydance in a stock deal, subject to review by a committee of Paramount directors. The committee recently approved the economic terms of the proposed merger but continued to negotiate with Skydance about other deal points. </p><p style=\"text-align: start;\">One issue was whether the deal should require approval from a majority of non-Redstone shareholders. National Amusements was supportive of such a vote, the Journal reported. Skydance had said such a vote was a nonstarter, said people familiar with the matter.</p><p style=\"text-align: start;\">Redstone rejected the deal before the committee was scheduled to vote on the merger Tuesday afternoon, people familiar with the sequence of events said. The committee said it was told by National Amusements on Tuesday, “that it did not have an agreement on a deal with Skydance Media and didn’t anticipate a path forward on this transaction.”</p><p style=\"text-align: start;\">The merger would have brought together Paramount franchises such as “Transformers” and “A Quiet Place” with Skydance’s popular titles like Amazon’s “Tom Clancy’s Jack Ryan.” Paramount partnered with Skydance on a number of titles including “Top Gun: Maverick.” </p><p style=\"text-align: start;\">NAI said it was “grateful to Skydance for their months of work in pursuing this potential transaction and looks forward to the ongoing, successful production collaboration between Paramount and Skydance.”</p><p>In April, after Chief Executive Bob Bakish stepped down, Paramount named an “office of the CEO” made up of three of its divisional heads to lead the company. The three CEOs earlier this month presented a plan to cut $500 million in annual costs, explore joint ventures for Paramount+ and explore asset sales.</p><p style=\"text-align: start;\">In its statement, NAI said it supports their work as well as the board’s work to “explore opportunities to drive value creation for all Paramount shareholders.”</p><p style=\"text-align: start;\">Redstone took center stage at Paramount when she inherited the media empire forged by her father, the media mogul Sumner Redstone. She merged the two companies he controlled, Viacom and CBS, to form what became Paramount Global. </p><p>Paramount, famous for films like “Titanic,” “Indiana Jones” and “The Godfather,” is confronting a variety of challenges across its businesses. Cord-cutting has shrunk its TV business, home to BET and Comedy Central, which drives the majority of the company’s profits. A yearslong foray into streaming has proved costly, even though Paramount+ is adding subscribers. And consumers are increasingly opting to watch movies at home, rather than going to theaters.</p><p style=\"text-align: start;\">Paramount’s value has plummeted on Redstone’s watch. She held out hope that a big buyer—potentially a tech giant—might emerge and buy the whole company, but that didn’t happen.</p><p style=\"text-align: start;\">Redstone began contemplating a sale of the business last year, feeling the pinch of the business’s decline when management cut the dividend that had supplied her family income for years. She told people close to her that she wanted to spend more time fighting antisemitism in the wake of the Oct. 7 attacks on Israel.</p><p style=\"text-align: start;\">Earlier this month, private-equity firm Apollo Global Management and Sony Pictures submitted a $26 billion nonbinding offer for Paramount.</p><p style=\"text-align: start;\">NAI also has received interest from two potential parties—an investor consortium led by Hollywood producer Steven Paul, as well as from media executive Edgar Bronfman Jr., backed by private-equity firm Bain Capital, the Journal first reported. </p></body></html>","collect":0,"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>Redstone’s National Amusements Ends Deal Talks With Skydance</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\">\nRedstone’s National Amusements Ends Deal Talks With Skydance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-06-12 16:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Paramount Global shares down 2% premarket after Shari Redstone kills potential merger with Skydance.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/451c7f2ba3ece3bfd7db52e771008ce0\" tg-width=\"462\" tg-height=\"385\"/></p><p>Shari Redstone isn’t ready to get out of the entertainment business just yet.</p><p style=\"text-align: start;\">The media heiress has ended discussions to sell her controlling stake in Paramount Global to Skydance Media and merge the two companies, drawing to a close months of negotiations in one of the messiest deal dramas to play out in recent years.</p><p>National Amusements, the Redstone family company that controls Paramount, said the parties had not been able to reach a deal that would have given Skydance the keys to one of Hollywood’s most storied brands. The statement confirmed news first reported by The Wall Street Journal.</p><p>Redstone’s decision marks a stunning about-face, after she advocated behind the scenes for months for a deal with Skydance. She billed its backers—including CEO David Ellison—as the best stewards for Paramount, owner of the namesake film studio, broadcaster CBS and cable channels such as MTV and Nickelodeon. </p><p>In the end, Redstone had a change of heart, as trust frayed between the two sides. Redstone will now likely pursue a sale of just National Amusements, without trying to merge Paramount into another company, people close to her said. </p><p>A spokeswoman for Skydance had no comment.</p><p>Paramount shares fell about 8% Tuesday after the Journal’s report that the deal talks had ended.</p><p>The deal saga was tumultuous. An earlier bid by Skydance had infuriated many shareholders because it was seen as more beneficial to Redstone than other stakeholders. As Redstone and Skydance pressed forward, Paramount parted ways with its CEO and four of its directors. Other potential bidders emerged, either for Paramount itself or for National Amusements, which also owns a movie-theater chain.</p><p style=\"text-align: start;\">Skydance sweetened its offer last month, providing a way for nonvoting Paramount shareholders to cash out at a premium. Under Skydance’s proposed deal, the production company would have bought National Amusements for around $1.7 billion in cash and would have provided $4.5 billion to buy out a certain number of Paramount’s nonvoting shares and non-Redstone voting shares. Skydance also would have injected $1.5 billion onto Paramount’s balance sheet, which it could use to pay down debt<strong>.</strong></p><p style=\"text-align: start;\">Paramount would then merge with Skydance in a stock deal, subject to review by a committee of Paramount directors. The committee recently approved the economic terms of the proposed merger but continued to negotiate with Skydance about other deal points. </p><p style=\"text-align: start;\">One issue was whether the deal should require approval from a majority of non-Redstone shareholders. National Amusements was supportive of such a vote, the Journal reported. Skydance had said such a vote was a nonstarter, said people familiar with the matter.</p><p style=\"text-align: start;\">Redstone rejected the deal before the committee was scheduled to vote on the merger Tuesday afternoon, people familiar with the sequence of events said. The committee said it was told by National Amusements on Tuesday, “that it did not have an agreement on a deal with Skydance Media and didn’t anticipate a path forward on this transaction.”</p><p style=\"text-align: start;\">The merger would have brought together Paramount franchises such as “Transformers” and “A Quiet Place” with Skydance’s popular titles like Amazon’s “Tom Clancy’s Jack Ryan.” Paramount partnered with Skydance on a number of titles including “Top Gun: Maverick.” </p><p style=\"text-align: start;\">NAI said it was “grateful to Skydance for their months of work in pursuing this potential transaction and looks forward to the ongoing, successful production collaboration between Paramount and Skydance.”</p><p>In April, after Chief Executive Bob Bakish stepped down, Paramount named an “office of the CEO” made up of three of its divisional heads to lead the company. The three CEOs earlier this month presented a plan to cut $500 million in annual costs, explore joint ventures for Paramount+ and explore asset sales.</p><p style=\"text-align: start;\">In its statement, NAI said it supports their work as well as the board’s work to “explore opportunities to drive value creation for all Paramount shareholders.”</p><p style=\"text-align: start;\">Redstone took center stage at Paramount when she inherited the media empire forged by her father, the media mogul Sumner Redstone. She merged the two companies he controlled, Viacom and CBS, to form what became Paramount Global. </p><p>Paramount, famous for films like “Titanic,” “Indiana Jones” and “The Godfather,” is confronting a variety of challenges across its businesses. Cord-cutting has shrunk its TV business, home to BET and Comedy Central, which drives the majority of the company’s profits. A yearslong foray into streaming has proved costly, even though Paramount+ is adding subscribers. And consumers are increasingly opting to watch movies at home, rather than going to theaters.</p><p style=\"text-align: start;\">Paramount’s value has plummeted on Redstone’s watch. She held out hope that a big buyer—potentially a tech giant—might emerge and buy the whole company, but that didn’t happen.</p><p style=\"text-align: start;\">Redstone began contemplating a sale of the business last year, feeling the pinch of the business’s decline when management cut the dividend that had supplied her family income for years. She told people close to her that she wanted to spend more time fighting antisemitism in the wake of the Oct. 7 attacks on Israel.</p><p style=\"text-align: start;\">Earlier this month, private-equity firm Apollo Global Management and Sony Pictures submitted a $26 billion nonbinding offer for Paramount.</p><p style=\"text-align: start;\">NAI also has received interest from two potential parties—an investor consortium led by Hollywood producer Steven Paul, as well as from media executive Edgar Bronfman Jr., backed by private-equity firm Bain Capital, the Journal first reported. </p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PARA":"Paramount Global"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102585642","content_text":"Paramount Global shares down 2% premarket after Shari Redstone kills potential merger with Skydance.Shari Redstone isn’t ready to get out of the entertainment business just yet.The media heiress has ended discussions to sell her controlling stake in Paramount Global to Skydance Media and merge the two companies, drawing to a close months of negotiations in one of the messiest deal dramas to play out in recent years.National Amusements, the Redstone family company that controls Paramount, said the parties had not been able to reach a deal that would have given Skydance the keys to one of Hollywood’s most storied brands. The statement confirmed news first reported by The Wall Street Journal.Redstone’s decision marks a stunning about-face, after she advocated behind the scenes for months for a deal with Skydance. She billed its backers—including CEO David Ellison—as the best stewards for Paramount, owner of the namesake film studio, broadcaster CBS and cable channels such as MTV and Nickelodeon. In the end, Redstone had a change of heart, as trust frayed between the two sides. Redstone will now likely pursue a sale of just National Amusements, without trying to merge Paramount into another company, people close to her said. A spokeswoman for Skydance had no comment.Paramount shares fell about 8% Tuesday after the Journal’s report that the deal talks had ended.The deal saga was tumultuous. An earlier bid by Skydance had infuriated many shareholders because it was seen as more beneficial to Redstone than other stakeholders. As Redstone and Skydance pressed forward, Paramount parted ways with its CEO and four of its directors. Other potential bidders emerged, either for Paramount itself or for National Amusements, which also owns a movie-theater chain.Skydance sweetened its offer last month, providing a way for nonvoting Paramount shareholders to cash out at a premium. Under Skydance’s proposed deal, the production company would have bought National Amusements for around $1.7 billion in cash and would have provided $4.5 billion to buy out a certain number of Paramount’s nonvoting shares and non-Redstone voting shares. Skydance also would have injected $1.5 billion onto Paramount’s balance sheet, which it could use to pay down debt.Paramount would then merge with Skydance in a stock deal, subject to review by a committee of Paramount directors. The committee recently approved the economic terms of the proposed merger but continued to negotiate with Skydance about other deal points. One issue was whether the deal should require approval from a majority of non-Redstone shareholders. National Amusements was supportive of such a vote, the Journal reported. Skydance had said such a vote was a nonstarter, said people familiar with the matter.Redstone rejected the deal before the committee was scheduled to vote on the merger Tuesday afternoon, people familiar with the sequence of events said. The committee said it was told by National Amusements on Tuesday, “that it did not have an agreement on a deal with Skydance Media and didn’t anticipate a path forward on this transaction.”The merger would have brought together Paramount franchises such as “Transformers” and “A Quiet Place” with Skydance’s popular titles like Amazon’s “Tom Clancy’s Jack Ryan.” Paramount partnered with Skydance on a number of titles including “Top Gun: Maverick.” NAI said it was “grateful to Skydance for their months of work in pursuing this potential transaction and looks forward to the ongoing, successful production collaboration between Paramount and Skydance.”In April, after Chief Executive Bob Bakish stepped down, Paramount named an “office of the CEO” made up of three of its divisional heads to lead the company. The three CEOs earlier this month presented a plan to cut $500 million in annual costs, explore joint ventures for Paramount+ and explore asset sales.In its statement, NAI said it supports their work as well as the board’s work to “explore opportunities to drive value creation for all Paramount shareholders.”Redstone took center stage at Paramount when she inherited the media empire forged by her father, the media mogul Sumner Redstone. She merged the two companies he controlled, Viacom and CBS, to form what became Paramount Global. Paramount, famous for films like “Titanic,” “Indiana Jones” and “The Godfather,” is confronting a variety of challenges across its businesses. Cord-cutting has shrunk its TV business, home to BET and Comedy Central, which drives the majority of the company’s profits. A yearslong foray into streaming has proved costly, even though Paramount+ is adding subscribers. And consumers are increasingly opting to watch movies at home, rather than going to theaters.Paramount’s value has plummeted on Redstone’s watch. She held out hope that a big buyer—potentially a tech giant—might emerge and buy the whole company, but that didn’t happen.Redstone began contemplating a sale of the business last year, feeling the pinch of the business’s decline when management cut the dividend that had supplied her family income for years. She told people close to her that she wanted to spend more time fighting antisemitism in the wake of the Oct. 7 attacks on Israel.Earlier this month, private-equity firm Apollo Global Management and Sony Pictures submitted a $26 billion nonbinding offer for Paramount.NAI also has received interest from two potential parties—an investor consortium led by Hollywood producer Steven Paul, as well as from media executive Edgar Bronfman Jr., backed by private-equity firm Bain Capital, the Journal first reported.","news_type":1},"isVote":1,"tweetType":1,"viewCount":149,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}