Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Tribune Media (TRCO) tops our list after reports that 21st-Century Fox (FOXA) may team up with private equity firm Blackstone (BX) to bid for Tribune, which owns 42 broadcast TV stations. The reports say the potential bid by Rupert Murdoch’s Fox is aimed partly at stopping a rival offer for Tribune by Sinclair Broadcasting (SBGI), the nation’s largest owner of TV stations.
Sticking with media, we are also watching shares of Twitter (TWTR) this morning. The company has reportedly struck a deal to livestream video news produced by Bloomberg starting this fall. The Wall Street Journal reports the partnership will be announced at an event today by Michael Bloomberg and Twitter CEO Jack Dorsey.
On the earnings front, Dish Network (DISH) dished out an earnings beat but a miss on revenue. Revenue fell nearly 4% from a year ago as the satellite TV provider lost more subscribers than expected in the first quarter.
Netflix (NFLX) is also on investors’ watch list after a hacker or group of hackers known as thedarkoverlord said it stole and leaked the upcoming season of the hit series “Orange is the New Black.” This comes after the streaming service refused to meet a ransom demand. On Twitter, thedarkoverlord also threatened that other networks would have their shows released. “Oh, what fun we’re all going to have,” the hacker(s) said. “We’re not playing any games anymore.”
Caterpillar (CAT) got a bullish mention in Barron’s over the weekend. The paper said the stock could rise another 20% over the next year. Barron’s believes CAT is best positioned to benefit from President Trump’s policies.