Disney (DIS) will report fiscal first-quarter earnings after the closing bell, with investors keen to hear more about plans for its ESPN unit to team up with Fox (FOXA) and Warner Bros. Discovery (WBD) on a streaming sports app. Others set to report after the bell include Arm Holdings (ARM) and PayPal (PYPL). Meanwhile, shares of New York Community Bancorp Inc. (NYCB) tumbled again, this time on a junk rating, while Snapchat owner Snap (SNAP) tanked on weak🦋 results and a disappointing outlook. Here’s what investors need to know today.

1. Disney to Report Earnings a🥀s New ESPN Streaming Partnership in Focus

Walt Disney Co. (DIS) shares were down slightly in pre-market trading as investors digest news its majority controlled ESPN unit is teaming up with Fox (FOXA) and Warner Bros. Discovery (WBD) 澳洲幸运5官方开奖结果体彩网:to crꦿeate a joint sports streaming service. Investors will be watching for pricing details when Disney reports what analysts expect will be tepid growth in its first-quarter fiscal 2024 results after the closing bell.  Analysts predict that Disney will re෴port revenue of $23.72 billion, up just under 1% YOY, weighed down by last year’s lackluster box office and continued cable-cord cutting that’s hurting its legacy businesses.

2. NYCB Tumbles as Moody's Downgrades Lender to Junk

Shares in embattled New York Community Bancorp Inc. (NYCB), already struggling from the regional lender's announcement of澳洲幸运5官方开奖结果体彩网: a surprise net loss last week, were down again in pre-market trading, after losing nearly a quarter of their value on Tuesday, as Moody's Investors Service cut the bank's rating to junk status. The ratings agency cited  “financial, risk-management and governance challenges” for the downgrade. The turmoil for NYCB is spurring concerns about 澳洲幸运5官方开奖结果体彩网:broader challenges facing regional banks.

3. Ford Shares Gain on Strong Q4, Outlook

Ford (F) shares rose more than 6% after the company reported♊ better-than-expeꦍcted fourth-quarter earnings, a strong profit outlook and announced plans to return more cash to shareholders. The company said cost-cutting and a strong trucks business wꦫould help it report between $10 billion and $12 billion in adjusted pre-tax income this year, at the higher end of its own predictions when it was hampered by a six-week strike from the United Auto Workers union. It predicted up to $9 billion in profits at its Ford Blue unit, made up of both gas and hybrid vehicle, but continued steep losses at its electric vehicle business.

4. Snap Plunges After Results Miss🌞, Weak Outlook

Snap Inc. (SNAP) shares tumbled 30% in pre-market trading after the Snapchat owner 澳洲幸运5官方开奖结果体ꦬ彩网:missed analysts' quarte🏅rly sales expectations and issued a weaker-than-anticipated outlook for the current quarter amid slower digital advertising revenue caused by the Middle East conflict. The company's fourth-quarter revenue of $1.36 billion increased 5% from a 𝓰year earlier but missed Wall Street’s expectations. Snap’s softer-than-anticipated earnings report comes a day after the company joined a legion of other tech giants by announcing that it plans to trim its global workforce by 10%, or around 500 staff.

5. CVS Beats 🐲Earnings Expectations, Trims Guidance

Shares of CVS Health (CVS) shares rose nearly 2% as the drugstore chain and health-care firm posted better-than-forecast results. Fourth-quarter earnings on an adjusted basis rose to $2.12 a share, above analysts’ estimates of $1.98. CVS said, however, that it was cutting its guidance on 2024 earnings after looking at its fourth-quarter expenses and assessing the "potential implications for elevated medical cost trends.” The company cut its adjusted earnings guidance to $8.30 per share from at least $8.50 per share.