Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Media company Meredith (MDP) is teaming up with the Koch brothers to buy Time Inc. (TIME) for nearly $3B. In a statement, Meredith said the Kochs will not have seats on the board and won’t have influence on Meredith’s editorial or managerial operations.
Funko (FNKO) is getting a nice pop today after JPMorgan initiated coverage of the toy company with a rating of Overweight and a price target of $14 a share. Funko went public earlier this month and had the worst first-day return of any IPO in 17 years.
Google’s (GOOGL) YouTube is in hot water today. Several major advertisers froze spending on the video-sharing site after their ads were paired with videos that exploited kids. An investigation found pedophiles were commenting on videos of scantily clad children and then the YouTube algorithm was directing them to similar videos.
Apple (AAPL) keeps churning out the iPhone X. KGI Securities says Apple manufacturer Foxconn of China is currently shipping half a million iPhone Xs every day. The analyst expects shipments of the X in Q4 to be 10%-20% higher than expected.