Despite a somewhat rocky summer movie season, Toy Story 4 managed to score $118 million at the box office during its opening weekend. This makes it the fourth highest animated film opening ever, behind Incredibles 2, Finding Dory, and Shrek the Third. A resounding success for the popular Disney franchise and breaking a number of records, the revenue was actually lower than expected. As a result, Disney’s stock fell 1.1% during Monday’s morning trade. Analyst from PArtners, Eric Handler noted that the film was a success, but not quite the mega-hit that was hoped for as some had pinned estimate at around the $170 million mark. It now seems likely that the slower-than-expected start to the movies run will have an impact of the Quarter 2 revenue, despite its spectacular reviews and ratings from the audience.
Intel could slash prices to compete
Rumour has it that tech-giant Intel could be about to slash its processor prices by as much as 5% in response to the impending release of the AMD Ryzen 3rd Generation processor. Prices could be cut as much as $75 per unit at the high end of the pricing scale. The news comes from anonymous sources within the processing market and refers to desktop chips across the 8th gen Coffee Lake and 9th gen Coffee Lake Refresh products. If these rumours prove to be true, the competition between AMD and Intel could be set to increase further as if Intel cut the cost of their Intel Core i9 to $415, it sits at the same price point as the Ryzen 7 offering from AMD. But this is not the first time that Intel have dropped their prices in response to an AMD Ryzen product launch, suggesting they could be slightly fearful of the increased competition.
Coca Cola stock shows positive momentum
Despite the food and beverage industries somewhat sluggish performance recently Coca Cola has been resilient. Following the execution of a number of strategies, placing it as a fully consumer centric beverage brand it has gone from strength to strength. Investment and additional innovation in core brands have been a big focus and have led to an increase in the retail value share. In addition to this, the implementation of disciplined growth strategies has resulted in robust performance across the company. This has all led to a positive quarterly performance as evidenced by positive earnings surprise over the last 8 quarters. Coca Cola stock has gained an impressive 19.8% in the last 12 months, much higher than the industry growth of 5.8%. According to many leading analysts including Zacks, the stocks momentum is expected to continue going forward.