Breaking Down Disney's Investor Event, Amazon's Headlines and Bed Bath & Beyond Earnings
Jim Cramer is out Thursday, but Jeff Marks--senior portfolio analyst for Jim Cramer's Action Alerts Plus--is joining Cramer Live in his place.
Disney's Investor Event Walt Disney is set shake up the streaming world with its long-awaited competitor to Netflix .
The media giant is scheduled to preview Disney+ at an investor day Thursday, making it the newest entrant into an increasingly crowded market for streaming services.
Netflix is the dominant player, at 139 million subscribers as of its last earnings report, while Apple aims to leverage its installed base of 1.4 billion in Apple TV channels and TV+, its recently announced a la carte streaming services.
AT&T's WarnerMedia also is expected to launch its own service this year, and, of course, Amazon Prime Video has been folded into its Prime subscriptions for years.
Real Money's Kevin Curran will also join to speak about Real Money's Stock of the Day, Disney.
Bed Bath & Beyond's Earnings Bed Bath & Beyond reported fourth-quarter earnings that topped analysts' expectations.
Adjusted earnings in the quarter were $1.20 a share on revenue of $3.31 billion.
The loss for the period was $1.92 a share.
Wall Street was expecting the company to earn an adjusted $1.12 a share on revenue of $3.33 billion.
For the fiscal year, the company posted a loss of $137.2 million - its first ever yearly loss - as sales declined 2.6%.
Comparable-store sales fell 1.4% in the quarter vs.
Analysts' expectations of a decline around 1.3%.
The company now expects fiscal 2019 earnings of between $2.11 and $2.20 a share, excluding certain charges.
Analysts polled by FactSet had forecast Bed Bath & Beyond to earn $1.80 a share in the fiscal year.
Jim Cramer: Bed Bath & Beyond Needs a Big Change After Abysmal Quarter Lots of Amazon's Headlines Jeff Bezos published his annual letter to Amazon shareholders Thursday and in it he had a message for the online retailing giant's rivals: "Match our employee benefits and our $15 minimum wage" and even beat it.
Amazon raised its minimum wage to $15 an hour for all full-time, part-time, temporary and seasonal employees across the U.S. in October.
The wage increase affected more than 250,000 Amazon employees and 100,000 seasonal employees.
Bezos wants his competitors to follow suit and even top Amazon's pay raise.
Marks will be speaking to TheStreet's Katherine Ross over on the members-only Action Alerts Plus daily video to break down what investors need to know about Amazon.
Disney's Investor Day Has Analysts All Aflutter Like Tinker Bell Watch Jim Cramer's Daily NYSE Show and Replays Below