Disney and 2 DJIA Stocks Exploding Higher, Dow Up Over 2%
The Dow Jones Industrial Average (NYSEARCA:DIA) is up 2.08% and stands at 1,265.47. Today’s Dow winners are listed below.
The Walt Disney Company (NYSE:DIS): CEO Robert Iger states it’s been “a great year financially and strategically, demonstrating the strength of our brands and businesses with record revenue, net income and earnings per share.” Unit breakdowns from Disney’s FQ4 report: Media Networks $4.8B in revenue, up 9%; Parks and Resorts, and Consumer products are up 11% and 12% respectively. Parks and Resorts are at $3.13B, and Consumer Products are at $816M Studio Entertainment, $1.46B, down 8%. Interactive Media, $223M, up 19%. Shares are +1.9%.
International Machines Business Corp. (NYSE:IBM): A reported deal between General Motors (NYSE:GM) and Google (NASDAQ:GOOG) to use Google Apps to power email and internal documents exposes IBM’s ability to re-sign corporate Lotus Notes accounts. Though industry insiders say Lotus’s big trump card is its ability to run on-premise, the tide seems to be shifting with the U.S. government and now GM opting to give cloud-based solutions a whirl. Shares of IBM are also +1.9%.
Don’t Miss: Starbucks: Watch out Jamba Juice.