Coinbase, Carnival, Lions Gate: Trending tickers
Coinbase (COIN) gained approval to offer crypto exchange services in France, prompting JMP Securities to dub the company the "Amazon of Crypto" as its international footprint expands.
Carnival Corporation (CCL) received an upgrade from CFRA, shifting the cruise line operator from Buy to Hold after better-than-expected quarterly earnings provided optimism.
Lions Gate Entertainment (LGF-B) announced plans to spin off its Lionsgate studio division into a new publicly traded company. The studio business, responsible for content like The Hunger Games, is valued at approximately $4.6 billion.
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Video Transcript
BRAD SMITH: Let's take a look at how things are shaping up right now. The Santa Claus rally is coming to town, all three major indexes higher as the Fed's favorite inflation gauge core PCE shows prices continue to cool in November.
SEANA SMITH: And taking a look at some of those individual names Coinbase having a pretty good couple of days, JMP Securities in a note this morning calling Coinbase the Amazon of crypto, and nearly doubling its price target on the stock. Now, this comes a day after the company got the green light to operate in France.
BRAD SMITH: And Carnival stock got some wind in its sails this morning-- Do they still use sales on those? --after getting an upgrade from CFRA, boosted to buy from hold on better than expected earnings, the positive sentiment pushing the stock up to a 52 week high.
SEANA SMITH: And Lionsgate class B shares surging on news that the company is planning to launch a Lionsgate Studios as a separately publicly traded company here, spinning it off from the STARZ TV network and streaming division. Now the deal is with Screaming Eagle Acquisition Corp, and values the studio business at $4.6 billion. it is expected to close in the spring of next year.
