IMAX Partners Again With Warner Bros., Analysts Look At Discounters: Consumer Business Recap
IMAX Corporation (NASDAQ:IMAX) and Warner Bros. Pictures (NYSE:TWC) reported on Thursday that they will release as many as 20 Warner Bros. films in the immersive IMAX Experience® during the next three years, extending their core partnership that started in 2003. The deal will continue to set the global box office power of Warner Bros.’ tent-pole film business up with the global popularity of The IMAX Experience, supplying the studio with an additional and differentiated platform which reliably delivers the most positive experience in cinema and strong returns for studios and exhibitors.
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Wal-Mart Stores (NYSE:WMT) might be seeing a rough patch currently with its recent weak guidance, and its worrying about customers still being impacted by economic factors, but Mike Murphy at Rosecliff Capital and The Reformed Broker author Josh Brown have different takes on the retailer. For one thing, Murphy observed that, “If we go over the fiscal cliff discount retailers will do well,” and that Wal-Mart has also repaired pricing and merchandising errors in its domestic stores. Meanwhile, trader Stephanie Link is impressed by Target Corporation’s (NYSE:TGT) reported quarterly earnings which exceeded analysts’ predictions, as the company brought in shoppers with a wider variety of food products along with 5-percent discounts for its cardholders. However, at the same time, she prefers Dollar Tree (NASDAQ:DLTR), which she believes holds the greater value.
Investing Insights: Target Earnings: Profitability Streak Remains Alive.