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Activision Blizzard, American Airlines, Netflix: Week-Defining Stocks

Activision Blizzard Ltd

ATVI -0.50%

Microsoftof

MSFT -1.85%

Decided to buy Activision Blizzard Powered up video game stock. Microsoft Inc on Tuesday. Announced that it has acquired Activision Blizzard Inc. for $ 75 billion.

Electronic Arts Ltd,

Ubisoft Entertainment SA and Nintendo Co. Jumped into the outlook for more deals As investors are betting on a rapidly integrating industry. In recent years, as the popularity of games on mobile devices has increased, transactions between video game companies have skyrocketed. Activision surged 26% on Tuesday.

Coles Ltd

KSS -2.60%

Activist investors want more image changes at Coles.The Wall Street Journal was released on Monday by Macellum Advisors GPLLC, which holds an approximately 5% stake in Coles. Encourages the company to make changes This includes board changes and sales considerations. Over the past year, Coles has made many changes, including the resurgence of dividends and the promotion of share repurchases. The company has also invested in a new partnership with cosmetics chain Sephora, renewing more than half of its more than 1,000 stores.The Coles problem arose prior to the pandemic as a department store or mall-based chain. Lost shoppers in e-commerce And other retailers. Coles’ share price rose 4.1% on Tuesday.

Exxon Mobil Ltd

XOM -1.50%

Exxon it is Zero greenhouse gas emissions—But did not promise to reduce emissions from the use of that fuel. Oil giants announced on Tuesday that they would reach their goals by 2050. This target does not cover emissions from consumer use of products such as oil and gas, which make up the majority of the emissions associated with the company.Oil producers are facing increasing pressure from investors Respond to climate change. With Exxon’s announcement, all of the largest oil companies in the West have made so-called Net Zero promises. Exxon’s share price rose 1.7% on Tuesday.

Procter & Gamble Ltd

PG 0.38%

Shoppers are paying For Pampers diapers and Gillette razors. According to the company, prices at Procter & Gamble, a staple home maker, have risen by an average of 3% in the last quarter, with price increases accounting for half of the company’s revenue growth during the period. Inflation in the United States in 2021 reached its fastest pace in nearly 40 years as the pandemic imbalance in supply and demand pushed up prices for everything from used cars to groceries. Additional revenues helped P & G offset soaring raw material, labor, and commodity transportation, as supply chain issues continue to weigh on almost every industry. P & G shares rose 3.4% on Wednesday.

Morgan Stanley

MS -0.97%

Wall Street is trading again.Morgan Stanley Profit increased by 9% In recent quarters, it has been boosted by an increase in investment banking operations in the booming trading market. Other banks also reported the profits of investment banks. However, Morgan Stanley’s equity and fixed income trading revenues fell 6% as the country’s largest banks slowed trading revenues as market volatility subsided. Meanwhile, Wall Street companies are offering larger paydays to attract employees and stay in a tough labor market. Morgan Stanley’s full-year compensation costs increased 18% to $ 24.6 billion. Morgan Stanley’s share price rose 1.8% on Wednesday.

American Airlines Group Ltd

AAL -2.74%

Omicron continues to bring new turmoil to the aviation industry.Even though it’s a holiday trip Helped US airlines generate more revenue At the end of last year, more than in any quarter since the pandemic began, major carriers still lost money amid a surge in Covid-19 cases.

American Airlines,

The world’s largest airlines forecast on Thursday that first-quarter flight volume will be 8% to 10% less than the 2019 comparison period, with full-year flight capacity down 5% from pre-pandemic levels. I’m predicting. .. Still, airline executives said bookings were back as people were planning trips after spring. US stocks fell 3.2% on Thursday.

Netflix Ltd

NFLX -21.79%

Are Netflix Investors Changing Channels?Streaming giant share fell 22% on Friday Netflix reports that subscriber growth is slowing Thursday. The company predicts that the number of subscribers this quarter will increase by 2.5 million from 4 million in the previous year due to intensifying competition and persistent turmoil caused by the pandemic. Netflix also said it plans to add far fewer subscribers this quarter than it did a year ago. The company’s subscriber mistakes were made despite the strong content lineup of movies and television shows this quarter, including the new season of The Witcher and You and the political satire Don’t Look Up.

Write in Francesca Fontana francesca.fontana@wsj.com

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Activision Blizzard, American Airlines, Netflix: Week-Defining Stocks

Source link Activision Blizzard, American Airlines, Netflix: Week-Defining Stocks

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