Orlando, FL -- (SBWIRE) -- 09/24/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On The Walt Disney Company (NYSE:DIS), Nokia Corporation (ADR)(NYSE:NOK).
The Walt Disney Company (NYSE:DIS) shares dropped 0.40% to $64.75. The company on Sept. 21 said it will end its partnership with “Pirates of the Caribbean” producer Jerry Bruckheimer as the company looks to rein in film costs and focus on movies from Pixar, Marvel and Lucasfilm Ltd. The first-look deal with Bruckheimer, one of the best-known action producers in Hollywood, won’t be renewed when it expires in 2014, Burbank, California-based Disney said in a statement. They will continue to work together on projects including the fifth “Pirates of the Caribbean.”
Additionally,ISI Group analyst Vijay Jayant initiated coverage on The Walt Disney Company on Sept. 11 with a Neutral rating and $68.00 price target.
Moreover, the company will increase its share buybacks to $6 billion to $8 billion in fiscal 2014, Chief Financial Officer Jay Rasulo told investors on Sept. 12. In recent years, Disney has been buying back about $4 billion in shares annually, Rasulo said at a Bank of America Merrill Lynch conference. He said Disney can boost the buybacks while maintaining its credit rating. The company may borrow some cash "to provide capital at the tail end of that plan," he said. The company's fiscal year begins in October.
Are investors worried about the recent updates with DIS? Find out with a free trend analysis HERE
Nokia Corporation (ADR)(NYSE:NOK) shares jumped 1.37% to $6.67. When Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) struck a deal to sell its devices division to Microsoft, the company actually contacted Finland’s prime minister about it. That shows just how important the company is to the Finnish economy. The Wall Street Journal’s Juhana Rossi spoke with Finnish Prime Minister Jyrki Katainen about the conversation he had with Nokia Chairman Risto Siilasmaa.
Additionally, the company has on September 6, 2013 received a flagging notification in accordance with Chapter 9, section 5 of the Finnish Securities Markets Act from Microsoft Corporation (NASDAQ:MSFT). As announced on September 3, 2013 Microsoft has made available to Nokia EUR 1.5 billion financing in the form of convertible bonds to be issued by Nokia. Each tranche is of nominal value of EUR 500 million maturing in 2018 (“2018 Bond”), in 2019 (“2019 Bond”) and in 2020 (“2020 Bond”), respectively.
Is NOK going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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