Beware! 7 Blue-Chip Stocks Waving Massive Red Flags Right Now.
Wednesday, 20 September 2023, 20:05:14
Sometimes, even blue-chip stocks can generate substantial losses. Disney (NYSE: DIS ), for example, plummeted as consumers ditched cable television. Top retail stocks took a hit as they lost market share to online competitors. Others, like Netflix (NASDAQ: NFLX ) and Tesla (NASDAQ: TSLA ) pulled back because valuations became far too rich. Whatever the case may be, it’s important to stay on top of your blue-chip investments, especially if they’re waving massive red flags. In fact, here are seven more examples of top blue-chip stocks to sell. Blue-Chip Stocks to Sell: Booking Holdings (BKNG) Source: Denys Prykhodov / Shutterstock.com There are signs the leisure travel boom is at its end, which is a negative for Booking Holdings (NASDAQ: BKNG ), America’s largest online travel agency. For example, Wyndham Hotel (NYSE: WH ) recently noted that in late July, growth in the demand for its hotels had dropped in the U.S. last quarter, while its profits had fallen. In addition, as I noted in a previous column , “two discount airlines: Spirit Airlines (NYSE: SAVE ) and Frontier recently warned that Q3 revenues were trending below their previous expectations.
— InvestorPlace
Comcast Announces $250,000 Grant to Fund Digital Navigators at 26 Chicago Public Library Branches, Plans to Donate 1,000 Laptops to 10 City Non-profits | CMCSA Stock News
Tuesday, 19 September 2023, 22:10:00
National and local Comcast leaders joined Chicago Mayor Brandon Johnson and Chicago Public Library Commissioner Chris Brown
— Stock Titan
Disney falls after doubling park spending to $60 billion
Tuesday, 19 September 2023, 17:14:55
Walt Disney Co. plans to nearly double investment in its parks and resorts segment to $60 billion over the next ten years.
The world’s largest theme-park operator said it has over 1,000 acres of land it could develop and cited the increased profits it has seen over past years from investing in rides, cruise ships and other attractions tied to its movies and characters, according to a filing Tuesday.
Disney said it has seen record growth in customer spending at the parks over the past two years, and a significant decrease in the number of tickets it sells at a discount, compared with before the pandemic.
The market reacted negatively to the news, however, with Disney shares down 3.25% to $82.26 as of 10:15 a.m. in New York.
The company is hosting a three-day series of events for Wall Street analysts at its Walt Disney World resort.
The program, which began Monday, includes tours of the theme parks as well as of its newest cruise ship, the Disney Wish.
— The Peninsula Qatar
Comcast: Might Just Be The Surprise Portfolio Must-Have In Its Sector
Monday, 18 September 2023, 20:07:35
Comcast”s parks and entertainment segment is expanding, with the opening of Epic Universal next year. Read more to see a detailed analysis on CMCSA stock.
— Seeking Alpha
Comcast Promotes Meena Soleiman to Senior Vice President Technical Operations and Engineering of Comcast Cable’s Northeast Division
Monday, 18 September 2023, 18:00:00
Comcast announced it has promoted Meena Soleiman to Senior Vice President of Technical Operations and Engineering for Comcast Cable’s Northeast Division. Soleiman will oversee technical operations, engineering, and the residential and commercial construction teams across 14 northeastern states from Maine through Virginia and the District of Columbia. Soleiman will be instrumental as Comcast continues
— Wallstreet:Online
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