Shares of Roku (ROKU) are exploding just days after analysts at Needham maintained a buy rating with a price target of $150 a share.
The stock is also pushing higher after the Disney+ launch.
Unfortunately for Disney, the launch has already been plagued by technical errors.
Many users “said they were being shown the technical error, while others said they were having issues finding the Disney+ app in Apple’s App Store. As of 7:00 a.m. EST, there were roughly 7,300 reports of problems with Disney+,” as reported by CNBC.
Advance Auto Parts (AAP)
AAP is down at the moment after beating earnings, but missing on same-store sales.
Net income was up to $123.7 million, or $1.75 a share, from $115.8 million, or $1.56 a share year over year. Adjusted EPS was $2.10, which was four cents above estimates. Sales were up to $2.31 billion, beating expectations for $2.3 billion. While the company did reiterate its sales guidance to a range of $9.65 billion to $9.75 billion, it did lower its same-store sales outlook to a new range of 1% to 1.5% from 1% to 2%.
Dean Foods Co. (DF)
Dean Foods filed for Chapter 11 protection this morning, using the process to continue operations, address debt and unfunded debt obligations, and work toward a sale of the company. According to Fox Business, “The company said it is advanced talks for the sale of substantially all of its assets to Dairy Farmers of America, adding that any deal would be subject to higher or otherwise better offers in the bankruptcy case.”