Stock Market This Week: Time Warner (NYSE: TWX), Big Banks, the 2014 Fed
By , Money Morning•
Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Cavuto" Friday evening to discuss news moving the stock market this week:
First up: A controversial statement Friday by HBO Chief Executive Officer Richard Plepler about sharing paid content. About 8.5 million of the 114 million HBO and Cinemax subscribers use HBO Go - the networks' online streaming service - and Plepler said he doesn't care about policing HBO Go users who give their passwords to non-subscribers. While the comments angered some investors, Fitz-Gerald tells viewers why Plepler's move means something very exciting for the parent media company Time Warner (NYSE: TWX).
Next, Morgan Stanley's (NYSE: MS) record-brokerage earnings helped beat analysts' estimates on Friday. Earnings per share came in at $0.50 (estimate was $0.45) and revenue reached $8.2 billion (estimate was $8 billion). Do the numbers mean big banks are back, and should investors bet on them? Watch as Fitz-Gerald breaks down the future of big banks in 2014.
Finally, watch to see what Fitz-Gerald predicts for the market in 2014, including what's to come of all that Fed liquidity that's just on the sidelines, ready to hit the markets - and your wallet...