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WWE Plunges After Sales Forecast Uncovers Dismal Fan Engagement

(Bloomberg) — World Wrestling Entertainment Corp. posted fourth-quarter results and a sales forecast that missed Wall Street projections, and management warned that initiatives to drive growth and monetization of its content are “subject to considerable uncertainty.” The stock plunged 18% in early trading.The company, which pre-announced 2019 earnings at the low end of estimates, recently ousted two of its top executives in a shake-up. Long-time board member Frank Riddick was named interim chief financial officer in January, reporting to WWE Chairman and Chief Executive Officer Vince McMahon.See more details here.Key InsightsRevenue in 2019 was hurt by lower live event ticket …read more […]

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3 Tech Stocks With 100% Wall Street Support

Investors want growth. Specifically, they want growth-oriented stocks that will increase returns in their portfolios. But finding those is the trick, isn’t it? We can’t just look into a crystal ball and see the winner – we have to look into the data, and find out which stocks it’s pointing out.Some stocks fall into a special category – Wall Street’s analysts are in unanimous agreement about them. And when that unanimous agreement falls on the Buy side, investors know that this particular name is something special.How special? We’ve delved into the TipRanks database to find out. Using the Stock Screener …read more […]