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Disney Shares Fall on 4Q Revenue Miss

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  • Description

    FBN’s Sandra Smith breaks down the day in the markets.

  • Duration 1:40
  • Date

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This transcript is automatically generated

It's -- -- at the New York Stock Exchange floor.

December I had one of the names and a lot of our viewers of wellness its Disney they ramp from the -- -- -- 22 point -- out.

Yeah they really ignore all the good spirit that its earnings report their theme park business was strong net Eric media networks -- strong their true I was strong.

But revenues missed estimates and they really Rand from this stock today down 6%.

Also by the -- got a downgrade so that.

We got shares is -- all right sandy gotta talk about apple.

Did.

Biggest weekly drop in six months for apple even with today it's down like 5% it's trying to claw back.

It was up about nine -- today but again not enough to wipe out the losses earlier Iraq.

Right it's still up about 35% so far this year but it has taken a huge beating not right around 550 dollars a share.

It used to be over 700 when it hit its high just a little while ago but guess what guys some analysts -- starting to -- its stock looks cheap that PE ratio.

Just twelve Oppenheimer.

Urging its clients abided vaccinated that the selloff is overdone and we have another stock that definitely found its footing and that was zip car up more than 18%.

Today so what do you think about that.

-- -- a better than expected earnings report will be due for a company that guy had not been impressing the street stock up 16%.

I'd get parked -- -- -- in this stock was popular rates and.

All right we'll talk about it stock there's not a pleasant street JC Penney -- they try take pride but they couldn't get their footing get slammed today.

I'm -- -- Linda -- I'm I'm in the C dot JC Penney could be still committed that turnaround plan.

Doesn't seem to be working their same car sales down.

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