Lakeway, TX -- (SBWIRE) -- 02/07/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
The Walt Disney Company(NYSE:DIS) will consider an exit for ESPN from the U.K. due to the losses it has piled up in the region. The company is also struggling to retain the rights to key sporting events which doesn't bode well for the network. The topic came up during the company's FQ1 earnings conference call in which CFO Jay Rasulo highlighted the unprofitability of ESPN in the U.K. Shares of DIS were up 0.42%.
How Should Investors Trade DIS After The Recent Movement? Find Out Here
Cummins Inc.(NYSE:CMI) Q4 earnings: Revenue falls 13% Y/Y driven by weak demand pretty much everywhere. The company has trimmed costs, "however there is uncertainty surrounding the timing and pace of improvement in end markets in 2013." 2013 guidance is for revenues to be flat-to-down 5%, with EBIT of 13-14% of sales (was 13.8% in Q4). Shares of CMI were up 2.55%.
Is CMI A Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here
Ralph Lauren Corp(NYSE:RL) FQ3: The retailer crushed estimates with margins improved and both the retail and wholesale side of the business beating expectations. Consolidated comparable store sales rose 4% with the impact of Superstorm Sandy pinching growth by one to two percentage points. The company raises its full-year outlook after factoring in its better-than-anticipated FQ3, saying revenue will improve by 2% Y/Y. Shares of RL soared 6%.
Is RL a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here
Time Warner (TWX) moved up 4.10% in Wednesday’s session following the company's Q4 earnings report and unveiling of a $4B buyback plan. Gains in Time Warner's networks division has caught the eyes of some analysts with strength at HBO of key interest in the face of streaming competition.
How Should Investors Trade TWX After The Latest Earnings Report? Find Out Here
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