46 min listen
Eye of the Iger, Arm’s Blowout Quarter, Nearing S&P 5,000 2/8/24
Eye of the Iger, Arm’s Blowout Quarter, Nearing S&P 5,000 2/8/24
ratings:
Length:
42 minutes
Released:
Feb 8, 2024
Format:
Podcast episode
Description
Carl Quintanilla, Jim Cramer and David Faber began the hour by breaking down Disney’s magical quarter. The stock surged after the company beat quarterly earnings estimates and raised its guidance as it saw progress in efforts to cut costs. Disney also announced that it will take a $1.5 billion stake in Fortnite studio Epic Games and launch its flagship ESPN streaming service in fall 2025. The anchors then shifted to another earnings mover, Arm Holdings; shares of the chip designer surged after beating analyst estimates and providing a strong profit forecast, saying AI boosted sales for the company. Also in the mix: the desk discussed the market action as the S&P inched closer to 5,000. Squawk on the Street Disclaimer
Released:
Feb 8, 2024
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 09/11/2019: Quote: Boneheads. The President attacks Federal Reserve Chairman Jay Powell and the Fed. Plus, Elizabeth Warren takes on Wall Street. Why she says she’s approving Carl Quintanilla, Jim Cramer and David Faber’s message. by Squawk on the Street