Disney lifts profit outlook as parks, streaming drive Q3 earning beat, ESPN strikes NFL deal

📊 Dow, S&P 500, Nasdaq futures rise as earnings take center stage:

US stock futures pushed higher on Wednesday amid a tough batch of corporate earnings and persistent trade uncertainty.

Futures attached to the Dow Jones Industrial Average rose 0.2%, the benchmark S&P 500 climbed 0.1%. Futures attached to the tech-heavy Nasdaq 100 hovered below the flatline.

On Wednesday, Disney reported third-quarter earnings, which beat Wall Street estimates. Disney stock fell almost 3% before the bell. McDonald's are also set to report earnings.

Meanwhile, US trade partners are scrambling to strike trade deals before Trump's new tariff deadline arrives Thursday. Yahoo Finance reports.


🚕 Uber bets on loyalty program to drive growth, unveils $20 billion buyback plan:

Uber unveiled a $20 billion stock buyback program and forecast its third-quarter bookings above Wall Street estimates on Wednesday, as the ride-hailing and delivery services company benefits from growing adoption of its paid loyalty program.

The company said members for its $9.99 "Uber One" program jumped 60% in June to more than 36 million from a year earlier, and more than one-third of its bookings were coming from them. Reuters reports.


👩‍💻 Super Micro backs away from a lofty goal, and its stock is sinking:

Analysts had their doubts about Super Micro Computer Inc.’s ability to hit a $40 billion revenue target for the fiscal year that just began, back when the company gave that eye-popping forecast in February. And now the company seems to be backing off that outlook.

The server maker said Tuesday afternoon that it expects at least $33 billion in revenue for fiscal 2026, which ends next June. For context, the company did $22 billion in revenue in the fiscal year just finished. MarketWatch reports.


🤖 AMD posts mixed Q2 results but offers better-than-expected Q3 outlook on AI sales:

AMD reported its second quarter results after the bell on Tuesday, missing on adjusted earnings per share but beating analysts' expectations on revenue.

The company also provided better-than-anticipated Q3 guidance of between $8.4 billion and $9 billion. Wall Street was expecting $8.3 billion.

The announcement comes ahead of rival and market leader Nvidia's earnings report later this month.

Despite the strong outlook, AMD's stock price fell more than 4% premarket following the news.

The company's shares are up 44% year to date and 29% over the past 12 months. Nvidia shares are up 32% and 77%, respectively. Yahoo Finance reports.


🤖 OpenAI's long-awaited GPT-5 model nears release:

OpenAI's GPT-5, the latest installment of the AI technology that powered the ChatGPT juggernaut in 2022, is set for an imminent release, and users will scrutinize if the step up from GPT-4 is on par with the research lab's previous improvements.

Two early testers of the new model told Reuters they have been impressed with its ability to code and solve science and math problems, but they believe the leap from GPT-4 to GPT-5 is not as large as the one from GPT-3 to GPT-4. The testers, who have signed non-disclosure agreements, declined to be named for this story.

GPT-4's leap was based on more compute power and data, and the company was hoping that "scaling up" in a similar way would consistently lead to improved AI models.

But OpenAI, which is backed by Microsoft and is currently valued at $300 billion, ran into issues scaling up. One problem was the data wall the company ran into, and OpenAI's former chief scientist Ilya Sutskever said last year that while processing power was growing, the amount of data was not. Market Screener reports.


🍔 McDonald's stock rises after company reverses US sales slump:

McDonald's reported a return to sales growth in the second quarter on Wednesday as the fast food giant shook off the overhang from an late last year and economic uncertainty that weighed on consumers in the early part of 2025.

The company reported global comparable sales - or sales at restaurants in operation for more than one year - jumped 3.8%, more than the expected 2.5% increase that had been forecast, according to Bloomberg data.

US same-sales jumped 2.5% in the company's fiscal second quarter, more than the 2.3% analysts had expected and a marked turnaround from the 3.6% drop posted during the company's fiscal first quarter reported back in May. US same-store sales fell 0.7% in the same quarter last year.

McDonald's stock rose 3% following the results. Yahoo Finance reports.

“In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.”

- Peter Lynch

Sourced in: “One Up On Wall Street: How to Use What You Already Know to Make Money in the Market”, by Peter Lynch, published in 1989.

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