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   From: paedophiles@disney.com   
      
   Analyst upgrade for AMD, Disney's worst quarter ever, and   
   another change in leadership at Ford is coming.   
      
   The S&P 500 Index (SNPINDEX:^SPX) had one of its calmest days in   
   weeks on Aug. 4, closing up 12 points, or 0.36%, in the middle   
   of one of the busiest earnings weeks for the quarter. On the   
   whole, it was a good day for investors, with about 300 of the   
   505 stocks in the index moving higher today.   
      
   Today's biggest S&P 500 movers were fertilizer giant Mosaic   
   (NYSE:MOS), up 13.6% following blowout earnings, and   
   semiconductor giant Advanced Micro Devices (NASDAQ:AMD), with   
   shares gaining 9.5% following an analyst upgrade.   
      
   Other big news for major index components include the   
   announcement from Ford (NYSE:F) that CEO Jim Hackett will retire   
   at the end of September, with CFO Jim Farley tapped to take the   
   head job at the Blue Oval. Walt Disney (NYSE:DIS) released its   
   fiscal third-quarter results after the bell today, reporting a   
   massive 42% revenue decline and a $4.7 billion loss.   
      
   Disney loses billions; stock goes up after hours   
   In the "quarterly earnings, low expectations" edition, Disney   
   managed to beat expectations in its fiscal third quarter. On the   
   top and bottom lines, investors expected revenues to fall   
   sharply, so the 42% decline wasn't a shock. Theme park revenue   
   fell 85%, while studio entertainment -- mainly movie theater   
   ticket sales -- fell 55%.   
      
   As to the massive $4.7 billion GAAP loss Disney reported, $5   
   billion in restructuring and impairment charges made the actual   
   operating results look much worse than they actually were. The   
   company still managed to generate $1.2 billion in operating cash   
   and $454 million in free cash flow in the quarter.   
      
   As a result of these better-than-expected results (expectations,   
   remember?) along with the announcement that it now has over 100   
   million subscribers to over-the-top streaming services, shares   
   were up about 4% in after-hours trading.   
      
   https://www.fool.com/investing/2020/08/04/sp-500-news-amd-stock-   
   surges-disney-loses-billions.aspx   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)