For Immediate Release
Chicago, IL – July 2, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Ciena Corp. CIEN, United States Cellular Corp. USM, T-Mobile US, Inc. TMUS and Nokia Corp. NOK.
Here are highlights from Wednesday’s Analyst Blog:
Solid Q2 for Wall Street Despite Economic Turmoil
The current state of affairs in the second quarter of 2020 was a bit of an oxymoron for the Americans — on one hand, the Wall Street recorded the best quarter in more than two decades, while on the other the U.S. economy was hit by the coronavirus-induced recession. Strange as it might appear at the outset, the contrasting characteristics highlighted the vagaries of the market and the turbulent economic conditions that
ViacomCBS said it will replace its current chief financial officer with a veteran with experience managing businesses at Amazon and Pandora, the latest sign of how new dependence on streaming media and mobile devices is upending the operations of traditional media conglomerates.
Christine Spade, who had been the CFO of the Showtime cable operation before taking the role at its parent corporation, will step down from her position after ViacomCBS reports second-quarter earnings. She is expected to “transition into an advisory role” with the company. Spade, who was named to the role in 2018 after former CBS CEO Joe Ianniello made her CFO of that company, will be replaced by Naveen Chopra, who had been working as CFO of Amazon’s devices and services operations.
More from Variety
The move comes as ViacomCBS is poised to wade more deeply into Hollywood’s streaming wars,
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