finally announced their long-expected merger. The deal, unveiled Tuesday, is a $30 billion, all-stock transaction. The two trading days after the announcement, though, shaved about 11% off the value of both stocks.The downturn in four of the previous five sessions ended Friday with a 1% uptick in CBS and fractional gain for Viacom shares did not erase the 11% downturn since the companies merger announcement — a $3 billion hit on paper.
Two analysts offered bullish takes on ViacomCBS on Thursday and Friday to counter some of the pessimistic views on Wall Street. Jessica Reif Ehrlich of Bank of America Merrill Lynch . “While it is difficult to pinpoint the exact sources of investor concern, we remain confident in the upside case,” Ehrlich wrote in a note to clients.
Alan Gould of Loop Capital cited the combined company’s streaming assets as a key reason for his upbeat view. “We believe the average viewer will take 3-4 OTT services,” he reasoned in a research note. “Netflix and Disney will likely be the top two choices for most consumers, but we believe CBS All Access and its compelling products to be the third or fourth choice and expect Pluto to continue to grow quickly as a free service.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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Four tips to help you start investing in the stock marketThe thought of investing in the stock market can be overwhelming to some people, but it can be a powerful tool to grow your money if you follow a few guidelines. Watch this video to find out the steps you should take to start investing in the stock market. acorns Not to worry. Just short the market when Kudlow opens mouth. acorns acorns Not if the left leaning media need to slant the stock market and scare people into thinking the economy is failing just so that Trump will lose ... sick people in the media when you do this ! FakeNewsMedia
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Trump reportedly held call with major bank CEOs on Wednesday as the stock market plungedPresident Donald Trump reportedly held a call on Wednesday with the CEOs of three major U.S. banks, according to Bloomberg News. Yea. Gotta make sure THEY don’t lose any money. We would hate to see the millions in bonuses shrink. To tell them how he had no path to 270? If he had assembled an economic TEAM with true expertise and the willingness to give him nonpartisan, honest advice, he'd be prepared to address the issues. Heck, he'd have fewer issues to address. Chickens roosting...
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GE CEO Larry Culp bought nearly $2 million worth of the company's stock after fraud accusationEarlier, Madoff whistleblower Harry Markopolos called the conglomerate 'a bigger fraud than Enron.' Big if true 'Market manipulation'? realwillmeade
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