Even though we're in the middle of March Madness right now, I'm not going to talk about this year's "Cinderella" teams, which come out of nowhere and make it to the Final Four in college basketball.
No... the real "Cinderella" story is happening at U.S. box offices. A simple Disney remake of the classic film managed to gross over $70 million in one weekend earlier this month. There's clearly investment potential in this success.
Let's take a look at Disney's Cinderella story and let its magic bolster our investment profits...
Hot stocks to watch today: Second-quarter earnings, up 10% with three-quarters of S&P 500 companies reporting to date, have handily beat consensus forecasts of 7%, according to FactSet. Revenue, up 5% on average, is also coming in ahead of projections.
Netflix Inc. (Nasdaq: NFLX) announced yesterday (Thursday) that it has gained exclusive streaming rights to an animated "Star Wars" series from Walt Disney Co. (NYSE: DIS).
NFLX stock climbed 1.7% yesterday and reached a record high of $439.35. DIS stock is up 1.7% today.
The sixth season of the series "Star Wars: the Clone Wars" will be available to subscribers in the United States and Canada starting March 7. The first five seasons ran on Time Warner Inc.'s (NYSE: TWX) Cartoon Network.
Netflix also announced that it will have exclusive U.S. streaming rights to Disney movies starting in 2016.
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