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Money Minute: Disney's New Marvel Shows; Priceline Set to Soar More

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Walt Disney and Netflix are happy together. That and more top money stories you need know Friday.

The Dow Jones industrial average (^DJI) slid 153 points Thursday, retreating from Wednesday's record high. The Standard & Poor's 500 index (^GPSC) lost 23, and the Nasdaq composite index (^IXIC) tumbled 74 points.

The sell-off prompted some analysts to warn this could be the start of a 5-to-10 percent market correction -- which some of the same analysts believe could be good for the market in the long run.

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Todd Wawrychuk/Disney Enterprise via Getty Images
Walt Disney's Marvel unit will make four new TV-style series featuring live-action superheroes to roll out over the next several years. Some of the main characters are Daredevil, Iron Fist and Jessica Jones. Each will star in a 13-episode series that expands the Netflix (NFLX) library of original content shows.

Separately, Disney (DIS) reports a 12 percent increase in quarterly earnings, led by its theme parks and the Pixar hit "Monsters University." Disney also postponed the next "Star Wars" movie until late next year.

Priceline.com (PCLN) is the only stock in the history of the S&P 500 to top $1,000 a share, and it could add to those gains today, following a 40 percent jump in earnings. However, its outlook for the fourth-quarter was a bit on the conservative side.

Groupon's net edged past expectations, but revenue fell short. The company says the number of active users of the daily-deal site increase by 10 percent from a year ago to more than 43 million. Groupon's (GRPN) stock has soared by 150 percent over the past year, despite a bit of hiccup over the past six weeks. The company also says it's buying a Korean e-commerce company.

Finally, here's your chance to sleep with Elvis. A bedding collection featuring Elvis was one of the winners of a Walmart (WMT) contest for new products. The bedding set will cost $100. Long live The King.

-Produced by Drew Trachtenberg.

 

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Market Minute: Investors Assess Budget Battle; Auto Stocks Hum Along

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Investors assess the impact of the budget stalemate, and auto stocks are hitting on all cylinders. Those stories and more are what's in Tuesday's Market Minute.

The Dow Jones industrial average (^DJI) fell 128 points Monday, as the budget showdown rattled investors. The Standard & Poor's 500 index (^GPSC) and the Nasdaq composite index (^IXIC) both lost 10 points.

Despite the recent selling, the major averages still closed out the third quarter with solid gains. The Dow added 1.5 percent and the Nasdaq soared nearly 11 percent.

The last government shutdown -- back in 1995 -- led to small market losses. But in the month after the impasse was resolved, the S&P 500 rallied by 10 percent.
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Andrew Burton/Getty Images
We're watching auto stocks today with monthly sales reports starting to roll in. Sales have been running at their best levels since before the financial crisis began, but we're expected slight declines for September -- partly because of a calendar quirk.

Meanwhile, stock prices have soared. General Motors (GM) is up 58 percent over the past year; Ford Motor (F) shares have jumped 71 percent; and luxury carmaker Tesla Motors (TSLA) has soared by more than 500 percent.

Also keep an eye on health insurers such as UnitedHealth Group (UNH), Aetna (AET), Wellpoint (WLP) and Humana (HUM), as consumers start to check out the plans available under the Obamacare exchanges.

Amazon (AMZN) is planning to add 70,000 jobs for the holiday shopping season. That's up from 50,000 last year. And Walmart (WMT) is planning its biggest ever warehouse, in Bethlehem, Pa., to fulfill online orders.

Shares of J.C. Penney (JCP) continue to slide. They closed Monday at $8.80 a share, their lowest level in more than 30 years. Penney is having trouble attracting investors and customers.

Facebook (FB) will soon allow users to search the site for status updates and posts. It will roll out the new tool slowly, first to a select group of users.

And Walt Disney (DIS) and Dish Network (DISH) have agreed to a short-term extension in their current round of talks, without blacking out any ESPN, ABC or other Disney-owned programming.

-Produced by Drew Trachtenberg.

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