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Today, the top stocks to watch (Wednesday, Feb. 8, 2017) include two media and entertainment companies as well as a financial management solutions company.
Earnings reports have been and will continue to be the big reason markets move today. Another thing to look for is companies revising expectations of earnings ahead of their scheduled announcements.
Here are the three top stocks to watch today and why they're today's top movers...
Top Stocks to Watch Today No. 3: Time Warner Inc. (NYSE: TWX)
Time Warner Inc. (NYSE: TWX) beat analysts' earnings expectations for the quarter.
Time Warner stock is up over 1% in early morning trading after announcing the positive earnings report at 8:00 a.m.
The company posted earnings per share (EPS) of $1.25 while expectations were set at $1.19. Last year, Time Warner had an EPS of $1.06. Earnings growth year over year is 13.5%.
Revenue growth was 11.4% over last year to $7.89 billion.
TWX stock is trading at $96.22 for a loss of 0.3% year to date (YTD).
Top Stocks to Watch Today No. 2: Walt Disney Co. (NYSE: DIS)
Walt Disney Co. (NYSE: DIS) gained in early morning trading despite lower than expected earnings.
Disney stock is up 0.5% in early morning trading after current CEO Bob Iger announced that he is open to staying on as the company's CEO after his contract expires next year.
Iger was set to retire in June 2018 when his contract expired. The potential successor left last year, throwing that plan into question.
Disney is likely looking outside of itself for CEO candidates as none are apparent within the company.
Iger is open to staying on until a successor can be found, but is ultimately leaving the decision of extending his contract up to the board.
DIS stock is currently trading at $109.00 for a YTD gain of 4.6%.
Top Stocks to Watch Today No. 1: Intuit Inc. (Nasdaq: INTU)
Intuit Inc. (Nasdaq: INTU) revised fiscal year Q2 guidance after a slow start to tax season.
Intuit stock is down almost 5% in early morning trading. The company is showing tax return filings through its Turbo Tax software are down 29%. This is slightly better than the over 30% decrease in early filings that the IRS has reported.
The company expects that revenue lost for Q2 will be made up in Q3 since early tax returns are down across the board. This has allowed Intuit to hold its full-year EPS and revenue projections steady at $4.30 to $4.40 and $5 billion to $5.1 billion, respectively.
INTU stock is trading at $117.48 for a YTD gain of 2.5%.
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- Nasdaq: Time Warner Posts Better Than Expected Earnings Report
- LA Times: Disney CEO Considering Staying on After Contract Expiration
- Seeking Alpha: Intuit Cautious About Q2 Earnings
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