Here's your Investing Action Plan for Friday: what you need to know as an investor for the coming day.
Movie awards don't necessarily translate to box office returns, and film studios are only one component of conglomerates that derive revenue from a variety of sources. But this weekend's Oscars highlight the solid performance of media stocks recently like Disney (DIS) and Viacom (VIAB) as well as those of tech newcomers like Amazon (AMZN) and Netflix (NFLX).
Stocks To Watch
Shares of Disney closed down 0.35% at 109.73 on the stock market today, still within buy range after an early January breakout. Viacom fell 1.5% to 43.86, also still in the zone after clearing an entry earlier this month. Similarly, Amazon remains a buy despite easing 0.4% to 852.19.
Meanwhile, 21st Century Fox (FOXA) finished 0.4% lower at 30.34, dipping back below its 30.52 buy point. CBS (CBS) eased 1.2% to 66.31, slipping back below a 66.98 entry. And U.S.-listed shares of consumer tech giant Sony (SNE), which also has a film studio, ended down 0.2% at 31.24 but still near a 32.32 entry.
Netflix fell 0.8% but remains above buying territory after breaking out in early January. AT&T (T), which is buying Warner Bros. owner Time Warner (TWX), rose 0.9% to 41.95, nearing a 43.13 entry.
Foot Locker
The athletic gear retailer reports Q4 results before the market opens.
Estimates: EPS to grow 14% to $1.32 as revenue climbs 5.6% to $2.12 billion.
Stock: Shares dropped 3.4% to 68.58.
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J.C. Penney
The department store chain reports Q4 results before the open.
Estimates: EPS to jump 56% to 61 cents while revenue dips 0.3% to $3.98 billion.
Stock: Shares fell 2.7% to 6.86.
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