On Thursday, Shares of The Walt Disney Company (NYSE:DIS), lost -6.04% to $100.02, following a proclamation that the media landscape has fundamentally changed, and as a result, media companies’ growth is too slow and risk is too great.
In Thursday’s note (which downgraded both Disney and Time Warner to market-perform from out-perform) Juenger said that part of the problem for the likes of Disney, Time Warner and their ilk is that the situation on the TV advertising front is not good — and it’s getting worse. “The U.S. television industry is entering a period of prolonged structural decline caused by the migration of viewers to non-ad-supported platforms,” he wrote.
The Walt Disney Company, together with its auxiliaries, operates as an entertainment company worldwide. The company operates in five segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products, and Interactive.
Shares of Johnson & Johnson (NYSE:JNJ), declined -0.52% to $98.79, during its last trading session.
Johnson & Johnson declared that its Board of Directors has declared a cash dividend for the third quarter of 2015 of $0.75 per share on the company’s common stock. The dividend is payable on September 8, 2015 to shareholders of record at the close of business on August 25, 2015. The ex-dividend date is August 21, 2015.
Johnson & Johnson, together with its auxiliaries, researches and develops, manufactures, and sells various products in the health care field worldwide. It operates in three segments: Consumer, Pharmaceutical, and Medical Devices.
Finally, JetBlue Airways Corporation (NASDAQ:JBLU), ended its last trade with -4.05% loss, and closed at $22.97.
JetBlue Airways Corporation stated its preliminary traffic results for July 2015. Traffic in July raised 8.9 percent from July 2014, on a capacity enhance of 10.4 percent.
Load factor for July 2015 was 87.0 percent, a decrease of 1.3 points from July 2014. JetBlue’s preliminary completion factor was 99.1 percent and its on-time (1) performance was 76.5 percent. JetBlue’s preliminary passenger revenue per accessible seat mile for the month of July rose about one percent year over year.
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2014, the company operated a fleet of 13 Airbus A321 aircrafts, 130 Airbus A320 aircrafts, and 60 EMBRAER 190 aircrafts.
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