Release

Today’s Research Reports on Stocks to Watch: Walt Disney Company and AT&T

Disney and AT&T shares entered red territory on Thursday. AT&T revealed some bad news for traders about its third quarter which included an impact of almost $90 million due to the hurricanes and earthquakes in Mexico. Disney also revealed it would be cutting about 200 jobs.

RDI Initiates Coverage on:

The Walt Disney Company
http://www.rdinvesting.com/report/?ticker=DIS

AT&T Inc.
http://www.rdinvesting.com/report/?ticker=T

The Walt Disney Company shares closed down 1.64% on about 11 million shares traded yesterday. According to someone familiar with the situation, the company will be lashing around 200 jobs at its ABC unit as well as other cable networks. The source did say that no job cuts will be at ESPN however. It was also revealed that Disney, along with Universal Pictures, 20th Century Fox, and Warner Bros. Entertainment have launched a movie library app called Movies Anywhere that has over 7,300 films.  The new movie app and website will allow users to buy and store movies from iTunes, Amazon Video, Google Play and Vudu. Users will be able to play the movies across a number of devices. Movies Anywhere General Manager Karin Gilford in a statement through Disney said that viewers will "never have to remember where they purchased a film or which device they can watch it on, because all of their eligible movies will be centralized."

Access RDI’s The Walt Disney Company Research Report at:
http://www.rdinvesting.com/report/?ticker=DIS

AT&T Inc. shares closed down 6.10% on Thursday on nearly 82 million shares traded. It was a gloomy day for the company and its stock after AT&T revealed in a filing that, "devastating hurricanes, as well as earthquakes in Mexico, significantly impacted certain regions of our service area during the third quarter.” According to the company, these damages from these natural disasters will result in an impact on revenue of nearly $90 million and pre-tax earnings by about $210 million for the quarter. The company also said it had lost around 90,000 video subscribers in the U.S. during the quarter, indicating that the cord cutting of traditional TV is continuing. The drop in this quarter is worse than the drop the company saw in the same quarter from a year ago.

Access RDI’s AT&T Inc. Research Report at:
http://www.rdinvesting.com/report/?ticker=T

Our Actionable Research on The Walt Disney Company (NYSE: DIS) and AT&T Inc. (NYSE: T) be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

[email protected]

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.