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Jeffrey Tiong, founder and CEO of Patsnap, overcame significant self-doubt and challenges to build a successful intellectual property startup, achieving over $100 million in annual revenue. Starting the company at 24, he faced numerous setbacks, including difficulties in securing funding and managing a growing team. Today, Patsnap, backed by major investors like Tencent and SoftBank, aims to democratize patent information to accelerate global innovation.
Jim Cramer highlighted key earnings reports to watch next week, including Home Depot, Disney, and new CPI data. He anticipates positive results from Home Depot and Spotify, while cautioning that a hot CPI could dampen market enthusiasm. Cramer also noted potential surprises from Cisco and CyberArk, and expressed skepticism about Chinese stocks like Alibaba.
Three major films—Universal's "Wicked," Paramount's "Gladiator II," and Disney's "Moana 2"—are set to compete at the box office over the Thanksgiving holiday, each vying for premium screen placements. Analysts predict that while all three will perform well, the distribution of premium large format screens will be crucial, as audiences increasingly prefer immersive viewing experiences. Expectations for opening weekend earnings vary, with "Wicked" potentially reaching up to $150 million, while "Gladiator II" and "Moana 2" are forecasted to earn between $60 million to $100 million.
Meta’s Llama leads corporate generative AI adoption at 38%, followed by Anthropic at 13% and Mistral at 8%. Microsoft’s Copilot is rapidly gaining traction, with 79% of firms using it, though many remain cautious about full deployment due to uncertainties in ROI and infrastructure readiness. Despite this, two-thirds of organizations are increasing AI investments, driven by early value recognition.
Stock futures fell as the Dow Jones Industrial Average ended a three-day winning streak, closing down over 344 points. General Motors raised its 2024 earnings guidance after surpassing estimates, while Disney announced James Gorman as its new chairman and delayed the CEO succession plan to early 2026. Donald Trump's tax proposals could exempt income taxes for 93.2 million Americans but may jeopardize Social Security's funding, while Nike secured a renewed, larger contract as the exclusive uniform provider for the NBA and WNBA for another 12 years.
U.S. markets showed mixed results as rising Treasury yields pressured stocks, with the S&P 500 and Dow Jones falling while the Nasdaq gained. Goldman Sachs forecasts a modest 3% annualized return for the S&P 500 over the next decade, citing high valuations. Meanwhile, Microsoft plans to launch autonomous AI agents for businesses, and Disney is set to search for a new CEO by early 2026.
Netflix continues to thrive in the streaming sector, driven by significant investments in original content and strong international growth. For Q3 2024, the company anticipates revenues of $9.764 billion, a 14% year-over-year increase, and a net income of $2.234 billion. Post-earnings reactions have shown volatility, with notable stock surges following strong earnings in Q3 2022 and Q3 2023, while other quarters experienced more subdued market responses. Investors should remain cautious of this volatility, as positive surprises can lead to short-term gains but may not guarantee long-term confidence.
UBS projects mid-single digit EPS growth for Disney in FY25, anticipating a 7.2% revenue increase and a rise in EBIT to $3.7B for Q4, driven by improved profitability in direct-to-consumer and box office performance. The firm maintains a Buy rating and a $120 price target, citing potential upside from the deconsolidation of India assets and synergies from Hulu.
Disney Enterprises Inc.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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