This week, which stocks lagged or dragged? Weekly Winners column keeps up with market trends, helping Tigers sort out the week's hottest sectors, stock winners and important news.
Below are top 10 S&P 500 stock gainers for the week ended Nov. 15:
Disney Earnings Beat as Streaming Profit Tops Estimates
Walt Disney on Thursday reported fiscal fourth quarter earnings per share and revenue that topped Wall Street estimates as its direct-to-consumer business built on recent momentum and swung to a profit.
The company reported Q4 adjusted earnings of $1.14 per share, above the $1.10 analysts polled by Bloomberg had expected and higher than the $0.82 Disney reported in the prior-year period.
Palantir’s Stock Rises After Company Announces Transfer of Stock Exchange Listing to Nasdaq
Palantir Technologies Inc. said Thursday that it plans to switch its listing to the Nasdaq from the New York Stock Exchange, a change that the company expects to take effect on Nov. 26.
The move positions Palantir for more index eligibility, as Palantir anticipates meeting the requirements for the Nasdaq 100 index, which is made up of the largest non-financial companies listed on the exchange. The company had a $149.83 billion market capitalization as of Friday’s close.
Coach parent Tapestry pulls $8.5 bln bid for Capri after FTC roadblock
Tapestry is terminating its $8.5 billion deal to buy Michael Kors-owner Capri following a legal hurdle, the companies said on Thursday, ending their effort to create a U.S. luxury giant to compete with major European players.
The deal would have brought six brands under one roof: Tapestry's Coach, Kate Spade and Stuart Weitzman; and Capri's Versace, Jimmy Choo and Michael Kors. But regulators sued to block the deal earlier this year, citing anti-competition concerns.