Jim Cramer is out Thursday, but Jeff Marks--senior portfolio analyst for Jim Cramer's Action Alerts Plus--is joining Cramer Live in his place.
Disney's Investor Event
The media giant is scheduled to preview Disney+ at an investor day Thursday, making it the newest entrant into an increasingly crowded market for streaming services. Netflix is the dominant player, at 139 million subscribers as of its last earnings report, while Apple (AAPL) - Get Apple Inc. Report aims to leverage its installed base of 1.4 billion in Apple TV channels and TV+, its recently announced a la carte streaming services.
AT&T's (T) - Get AT&T Inc. Report WarnerMedia also is expected to launch its own service this year, and, of course, Amazon (AMZN) - Get Amazon.com Inc. Report Prime Video has been folded into its Prime subscriptions for years.
Real Money's Kevin Curran will also join to speak about Real Money's Stock of the Day, Disney.
Bed Bath & Beyond's Earnings
Adjusted earnings in the quarter were $1.20 a share on revenue of $3.31 billion. The loss for the period was $1.92 a share. Wall Street was expecting the company to earn an adjusted $1.12 a share on revenue of $3.33 billion. For the fiscal year, the company posted a loss of $137.2 million - its first ever yearly loss - as sales declined 2.6%.
Comparable-store sales fell 1.4% in the quarter vs. analysts' expectations of a decline around 1.3%.
The company now expects fiscal 2019 earnings of between $2.11 and $2.20 a share, excluding certain charges. Analysts polled by FactSet had forecast Bed Bath & Beyond to earn $1.80 a share in the fiscal year.
Lots of Amazon's Headlines
Jeff Bezos published his annual letter to Amazon (AMZN) - Get Amazon.com Inc. Report shareholders Thursday and in it he had a message for the online retailing giant's rivals: "Match our employee benefits and our $15 minimum wage" and even beat it.
Amazon raised its minimum wage to $15 an hour for all full-time, part-time, temporary and seasonal employees across the U.S. in October. The wage increase affected more than 250,000 Amazon employees and 100,000 seasonal employees.
Bezos wants his competitors to follow suit and even top Amazon's pay raise.
Marks will be speaking to TheStreet's Katherine Ross over on the members-only Action Alerts Plus daily video to break down what investors need to know about Amazon.