Free Republic

Even though the S&P 500 Index has jumped double digits, Disney’s stock is almost at its 5-Year Low. Market opening on Friday, July 21st, saw Disney’s stock at 86.54, nearing its 5-year low of 84.07.This stock price decline is believed to have erased around $16 billion from the company’s market value. Now, there’s speculation that Iger is thinking about selling the company to Apple or at least selling the noncore pieces of the business.

Walt Disney DIS –2.97% stock was nearing a one-year low on Monday morning as the entertainment company’s recent slide continued. Walt Disney stock (ticker: DIS) was down 1.5% to $87.32, while the S&P 500 SPX +0.29% index was up 0.2%. Disney was the second-worst performer in the Dow Jones Industrial Average DJIA +0.19% , which was up 0.1%. Only Verizon Communications VZ –4.85% (VZ), down 3.2%, had fallen more. Disney shares are up just 3.7% from their 52-week closing low of $84.17 on Dec. 28. If the stock falls below $83.83, it would mark Disney’s lowest close since 2014. Shares...

Could Target's woke executives finally be made to pay attention?They might, given that they've been issued legal demands from a shareholder to produce all documents related to its woke transgender agenda.According to America First Legal, a group that is led by Stephen Miller, a former member of the Trump White House:WASHINGTON, D.C. – Today, America First Legal (AFL), on behalf of its client, the National Center for Public Policy Research (NCPPR), served the Target Corporation with a formal demand for the production of corporate books and records, seeking transparency regarding its management’s radical LGBT political agenda that has apparently cost...

Rivian (NASDAQ: RIVN) and two contractors are facing a lawsuit in federal court brought by a Georgia resident who claims muddy runoff from the construction site of Rivian’s future factory has choked streams and ponds downstream in violation of federal environmental law. The filing presents another potential legal hurdle for the EV startup, which has faced stiff resistance from some local residents since announcing plans to build a factory a year and a half ago. The complaint was filed last week in the Middle District of Georgia by Julie Jenkins of Morgan County, who oversees a family trust that sold...

Things have been rocky on the economic front since Silicon Valley Bank collapsed on Friday. Known for its focus on ESG and DEI, the demise of SVB marked the second-largest bank collapse in US history. That has faith in the banking system at levels not seen since 2008. It also has the government bailing out millionaires and billionaires again.Isn’t Joe Biden doing such a great job?But I digress, there’s another man who has found himself at the center of discussions in the midst of all the chaos. That would be Jim Cramer of CNBC. The “Mad Money” host has a...

Kodak stock is up over 300%, higher volatility triggered nearly twenty trading halts today. Kodak shares increased three-fold on Tuesday, and the stock is up over 1,450% approximately this week. At the beginning of the week, Kodak stock was trading at $2.77. Today, it reached a high of $60. Kodak won a government loan to produce ingredients that are used in critical generic medicines to battle the coronavirus. The company secured a $765 million loan under the Defense Production Act. The intention is to speed up the production of the drugs that are short in supply, specifically drugs that are...

Complete Headline: Starbucks sinks after announcing a weaker-than-expected sales forecast and plans to close over 100 stores next year (SBUX) Starbucks shares fell by as much as 5% in after-hours trading Tuesday after the company announced a third-quarter sales forecast that was weaker than analysts had expected. Global same-store sales, at locations open for at least one year, were projected to rise 1%, weaker than the forecast for 2.9% growth according to Bloomberg. Starbucks also announced a number of strategic changes. Notably, as from 2019, it plans to shift its focus for new stores away from areas where it already...

Dick's Sporting Goods took the politically correct route to placate media pushed gun control after the mass murder in Florida. They banned the sale of the popular AR-15 type rifles and said they would refuse to sell rifles to people under 21 years old. Federal law requires that gun dealers not sell rifles and shotguns to people less than 18 years old. It wasn't the first time the controversial chain had put political correctness ahead of stockholders and customer. CEO Edward Stack said he expected to lose sales. From cnn.com: The CEO of Dick's Sporting Goods said he's forging...

General Motors Co. fell to the lowest since its initial public offering in November as rising oil prices dimmed the outlook for truck sales after the largest U.S. automaker’s most profitable year since 1999. GM slid $1.89, or 5.5 percent, to $32.70 at 1:21 p.m. in New York Stock Exchange composite trading. The drop marked the first day GM traded at less than its $33 initial offering price in November. Chief Executive Officer Dan Akerson is speeding the development and introduction of new models, including more fuel- efficient cars that may sell better as gas prices rise. GM used larger...

BP is gushing money faster than its out-of-control well is spewing oil - its stock value dropped an astounding $17 billion yesterday as it faced the prospect of going under water. When BP's Gulf of Mexico drilling rig exploded in a fireball on April 20, its stock sold for $60.48 a share. It closed yesterday at $29.20. That's a mind-numbing $100 billion loss to shareholders in only six weeks. Investors stampeded away from the stock yesterday, with more than five times the usual number of shares trading. When the smoke cleared, BP was down 16 percent, or $5.48, its lowest...