Disney's DirecTV Dispute 📺

Plus, ​​Norfolk Southern's CEO probe.

September 09, 2024

In partnership with

Today is Monday, September 9, 2024.

The Early Bird Index today is 66.89.

New to this newsletter? Sign up here

Disney's DirecTV Dispute 📺

The ongoing dispute between Disney (NYSE: DIS) and DirecTV took another twist on Sunday with the satellite entertainment company getting the Federal government involved.

Details: DirecTV told the U.S. FCC on Sunday that Disney is not negotiating its distribution agreement in good faith and is engaging in anticompetitive behavior.

  • Disney claims it has been negotiating with DirecTV in good faith for weeks.

Background: An ongoing contract fight with Disney has left DirecTV subscribers without popular Disney-owned channels such as ESPN and ABC in September.

Early Bird’s Nest Egg Gains: The ongoing dispute between Disney and DirecTV has had several notable impacts on Disney's business and stock.

  • Disney could face substantial revenue losses. This revenue hit could severely impact Disney's net income.

  • This could all result in downward pressure on Disney's stock due to revenue concerns and uncertainty surrounding the dispute's resolution.

Final Thoughts: Disney is down 3% this year. It will be difficult for the company to turn things around if this dispute continues.

Trade Smarter with these Free, Daily Stock Alerts

It’s never too late to learn how to master the stock market.

You’ll receive daily trade alerts sent directly to your phone and email detailing the hottest stock picks.

The best part? There’s no cost to join!

Expert insights will be at your fingertips instantly.

Notables

Notable Earnings Today: Oracle (NYSE: ORCL), Rubrik (NYSE: RBRK), Calavo Growers (Nasdaq: CVGW), Mission Produce (Nasdaq: AVO), Limoneira (Nasdaq: LMNR), Skillsoft (NYSE: SKIL), Matrix Service Company (Nasdaq: MTRX), Avid Bioservices (Nasdaq: CDMO).

Notable IPOs Today: N/A.

Notable Equity Crowdfunding Campaigns Ending Today: Frost Giant (StartEngine), Island Hop (Honeycomb), Savory Crust (Honeycomb), Moonstone Nutrition (StartEngine).

Notable Economic Events Today: NY Fed 1-Year Consumer Inflation Expectations (11:00 a.m. ET), Consumer Credit (3:00 p.m. ET).

​​Norfolk Southern's CEO Probe

Although Norfolk Southern (NYSE: NSC) is in good shape, a report on Sunday suggested that an internal probe might be growing in the transportation company.

Details: CNBC reported Sunday that Norfolk Southern’s board is reviewing allegations that CEO Alan Shaw engaged in an inappropriate workplace relationship. The company has not responded to the report about the probe, which is still in its early stages.

Background: It’s been an interesting few months for Norfolk Southern, which reported mixed financial results in July and reached a labor agreement in August.

Final Thoughts: Watch the stock price today to see if it reacts to this probe report.

Avalanche’s Recent Surge

The price of the cryptocurrency Avalanche jumped about 5% on Sunday and is now up 7% in the last 30 days.

Details: Technical indicators are signaling a bullish sentiment for Avalanche.

Background: The positive price movement of Avalanche aligns with an overall upward trend in the cryptocurrency market.

Final Thoughts: Despite this recent increase, Avalanche is down about 40% in 2024.

AI for Apple: Apple Looks to AI to End iPhone Slump (Wall Street Journal)

Thank you for reading!

Forward to a friend and tell them to sign up here.

Pick winning stocks: Upgrade to Early Bird Prime

Want more investing tips? Listen to the podcast.

Show Your Support: Buy Me a Coffee.

Questions or comments? Hit reply to reach out.

The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.