Today’s Research Reports on Stocks to Watch: Walt Disney and Intel
Disney shares were in the red on Tuesday after traders seemed concerned that the company’s plans to acquire Sky Plc. from Twenty-First Century Fox may be thwarted after Comcast put its own bid in for the company. Shares of Intel sailed higher after analyst Christopher Danely of Citi Research upgraded the stock to “top pick.”RDI Initiates Coverage on: The Walt Disney Company
https://rdinvesting.com/news/?ticker=DIS Intel Corporation
https://rdinvesting.com/news/?ticker=INTC The Walt Disney’s shares closed down 4.50% on nearly 14.2 million shares traded yesterday. Shares of the stock were in the red after it was reported that U.S. cable giant Comcast Corp. had put in a bid to acquire Sky Plc. Walt Disney Co. and Twenty-First Century Fox had plans to seize the company and with Comcast’s all cash bid being higher than the 10.75 pounds that Murdoch’s Fox had agreed to pay for, it had traders concerned. Disney had agreed to buy Sky from Fox as well as other assets in a separate $52 billion follow-up deal. In separate news it was also announced that McDonald’s USA and Disney have a promotion partnership for the former’s Happy Meal. This is the first promotion partnership since ending their previous relationship in 2006. The new multi-year, non-exclusive agreement will start in June with promotions that include Disney movie-themed Happy Meal toys, for "Incredibles 2." It will then be followed in the fall by "Ralph Breaks the Internet: Wreck-It Ralph 2." Access RDI’s The Walt Disney Company Research Report at:
https://rdinvesting.com/news/?ticker=DIS Intel’s shares closed up 1.63% on about 43 million shares traded. The stock soared to a new high of $50.90 during intra-day trading after the company received an optimistic note from a Citi Research analyst. Analyst Christopher Danely of the firm wrote in a note to clients, entitled, "Intel—More Conviction on Recent Upgrade to Buy, Moving to Top Pick," — "We believe Intel is the only semiconductor stock with both poor sentiment and substantial upside to consensus estimates. As a result, we are moving Intel from #3 to #1 in our company rankings." The company has reiterated a "buy" rating on the stock along with it becoming a "top pick" of the firm. He also wrote, "The enterprise end market drove upside to Intel in 4Q17 and we believe it will be sustainable in 2018 driven by the improving economy and increased spending from tax reform." He gave the stock a $58 price target. Shares of the stock has gained almost 36% in last one year. Access RDI’s Intel Corporation Research Report at:
https://rdinvesting.com/news/?ticker=INTC Our Actionable Research on The Walt Disney Company (NYSE: DIS) and Intel Corporation (NASDAQ: INTC) can 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.