Disney’s ‘Monsters’ Hits Milestone, AT&T Preps Aio for Rollout, and 3 More Hot Stocks
Walt Disney Co. (NYSE:DIS): Disney’s Monsters University film broke the $700 million threshold for global box office receipts as the Pixar movie continues to show popularity in varied markets. It’s the fourth Pixar film to make it to that milestone, and it’s expected to surpass Toy Story 3 to become the studio’s biggest release in China. Moreover, it reinforces the fact that animation features still draw some serious demand.
AT&T (NYSE:T): AT&T is intending to roll out its contract-free Aio Wireless service nationally next month after its pilot run in 11 major markets, mostly in Florida. Its plans vary from $40 to $70 per month. Although AT&T already operates the GoPhone brand, AllThingsD notes that “with Aio, [AT&T] is aiming to establish a more fully separate brand identity.”
Nasdaq OMX (NASDAQ:NDAQ): The three-hour trading blackout on the Nasdaq exchange last week was caused by a software bug and other technology issues according to the exchange, which took responsibility for the issue. ”Our performance is unacceptable to our members, issuers and the investing public,” the exchange said in a statement. CEO Robert Greifeld specifically said that he’s not blaming the NYSE’s Arca system for what’s now being called the “flash freeze.”
Radian Group Inc. (NYSE:RDN): Shares are up as Radian works out a deal with Freddie Mac over 25,760 loans delinquent as of December 31, 2011, capping Radian’s exposure to this group at $840 million. The mortgage company has already paid $370 million, paying about $255 million to Freddie upon the agreement, while another $205 million has been stowed in a collateral account to cover any further losses.
Staples Inc. (NASDAQ:SPLS): JPMorgan’s downgrade of Staples to Neutral from Overweight has sent shares trading downward as more reports pointing to a soft Back-to-School season are released. JPMorgan has a $15 price target for the stock, just above the $14 or so that the stock is trading at currently.