Latest news with #ComparisonTool
Business Insider
7 days ago
- Business
- Business Insider
Paramount-Skydance Merger Is Complete! CEO Ellison Outlines Future Roadmap
Paramount Global and Skydance Media have finally completed their $8 billion merger, putting an end to decades of legacy at the media giant. The PARA ticker was delisted from Nasdaq yesterday. The combined entity is now called Paramount, a Skydance Corporation, and has started trading under the new ticker symbol 'PSKY' on the Nasdaq. The merged company will transition from a traditional media giant into a 'tech-forward company.' Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Skydance's founder and CEO, David Ellison, has taken over as CEO of the new company. He faces a challenging path ahead to streamline operations and restore Paramount's former glory. On the occasion of the merger, Ellison shared his plans for the new company in an open letter to shareholders. He wrote, 'Today marks Day One of a new Paramount,' and, together with our leadership team, our board, and colleagues worldwide, 'we embark on the exciting next chapter of this legendary company.' Ellison Shares Paramount's Roadmap Ahead Ellison stated that, going forward, Paramount, a Skydance Corporation, will be split into three separate units: studios, direct-to-consumer (DTC), and TV media. He noted that this restructuring will help boost the company's efficiency and enable it to achieve its planned $2 billion in savings. This will also help the company reduce technology spending, which combined with other measures, will lead to cost efficiencies in labor, real estate, procurement, and workflow. Moreover, Ellison stated that, beginning next year, Paramount Plus and Pluto TV will move to 'a unified technology stack' to improve performance and cut operational costs. This integration, he said, will enhance the company's services and user experience by improving recommendations and speeding up delivery. It will also help Pluto TV attract new customers to Paramount Plus. The new company will deliver more movies, TV series, sports, news, and games to global audiences. Ellison plans to integrate advanced technology and artificial intelligence (AI) to boost innovation, localize shows to new language markets overnight, and build a proprietary ad-tech system to maximize yield across streaming and linear platforms. To conclude, Ellison hopes to restore Paramount's legacy and position it as a leader in the future of entertainment by leveraging the company's strengths and embracing change. Which Is the Best Media Stock, According to Analysts? We used the TipRanks Stock Comparison Tool to determine which media stock is currently favored by analysts. Investors can choose to invest in any company after conducting thorough research. Currently, Wall Street has awarded a 'Strong Buy' consensus rating to The Walt Disney Company (DIS), with a 20% upside potential in the next twelve months.
Yahoo
16-04-2025
- Business
- Yahoo
How Congress-Tracking ETFs Reacted to the Market Drawdown
The performance gap between ETFs tracking Democratic and Republican congressional trading has widened this quarter amid recent market turbulence, with the Unusual Whales Subversive Democratic Trading ETF (NANC) seeing stronger flows despite weaker returns compared to its GOP counterpart. NANC has underperformed the Unusual Whales Subversive Republican Trading ETF (KRUZ) by more than 10 percentage points during the three-month period, according to data. While NANC is down 10.5% over three months, KRUZ has nearly broken even with just a 0.2% decline during the same period. Despite this performance gap, investors continue showing stronger interest in NANC, which has attracted $14.1 million in net inflows over three months compared to $9.8 million for KRUZ, according to data. The Democratic-aligned fund also maintains a larger asset base at $195.8 million versus $53.9 million for the Republican-focused ETF. These congressional-trading ETFs have gained attention as they offer retail investors exposure to portfolios resembling those of elected officials, raising important questions about potential conflicts of interest when lawmakers with advance knowledge of legislation make market transactions that could benefit from their policy decisions. Source: ETF Comparison Tool Comparing ETFs is essential for identifying the right investment that aligns with your risk tolerance, time horizon and financial goals. The ETF Comparison Tool at eliminates guesswork by offering a clear, side-by-side breakdown of critical metrics. Give it a try right here. The performance divergence comes amid heightened market volatility triggered by White House tariff actions. On April 2, President Donald Trump announced a tariff increase that sent markets plunging, though they subsequently rebounded after he announced a 90-day pause on most tariffs. During this period of volatility, recent stock trading by lawmakers has drawn renewed attention to congressional investment practices. Rep. Marjorie Taylor Greene (R-GA) made headlines last week when she purchased shares in Inc. (AMZN), Tesla Inc. (TSLA) and Apple Inc. (AAPL) just before the tariff pause announcement, according to reporting. Greene has attributed these trades to her financial advisor and denied any wrongdoing. The scrutiny of congressional trading gained momentum following the notoriety of former House Speaker Nancy Pelosi's (D-CA) stock-trading success in recent years. Trades by legislators from both parties have fueled debate about potential conflicts of interest when lawmakers with access to privileged information make investment decisions These high-profile trading activities highlight the investment strategies reflected in both congressional ETFs. Looking at their underlying holdings reveals distinct investment patterns along party lines. NANC's top holdings are tech-heavy, with Nvidia Corp. (NVDA) (8.9%), Microsoft Corp. (MSFT) (8%) and AMZN (5.2%) leading the portfolio, according to data. KRUZ shows more balanced sector allocation with JPMorgan Chase & Co. (JPM) (4.3%), AT&T Inc. (T) (2.9%) and Comfort Systems USA Inc. (FIX) (2.9%) as its largest positions. The recent trading activity has rekindled reform efforts. Rep. Alexandria Ocasio-Cortez (D-NY) has advocated for a complete ban on congressional stock trading to restore public trust, while Sen. Elizabeth Warren (D-MA) has expressed concern about potential conflicts of interest, warning that Americans shouldn't have to question whether lawmakers are making decisions for personal financial | © Copyright 2025 All rights reserved
