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Netflix Inc. shares climbed more than 4% on Monday, following rumors on Friday and over the weekend the streaming giant could be a acquisition target for Walt Disney Co. . Disney has been rumored to be on the prowl for new business to add to the company’s media and entertainment offerings. Last week Disney emerged as a potential player in the bid for Twitter Inc. . Though the timing for a possible Netflix buy would be tough to call, Baird analyst William Power wrote in a note to clients Netflix has been the subject of “recent M&A rumors. Whether Disney, Apple or someone else, Netflix could become a target.” Analysts have said it would make sense for Disney to look to move further into streaming video, especially sports content. A Spokeswoman for Disney was not available for comment and Netflix declined to comment. Shares of Disney are down nearly 12% in the year to date, while Netflix shares are down more than 10%, both have underperformed the S&P 500 Index , which is up more than 5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Dick’s Sporting Goods Inc. said Monday it named Lee Belitsky as its chief financial officer, effectively immediately. Belitsky, who joined the sporting goods retailer in 1997 as controller, spent the last 11 years at treasurer. Belitsky will assume the responsibilities of Andre Hawaux, the company’s chief operating officer who had been serving as the principal financial officer on an interim basis since August. The stock slipped 0.2% in midday trade. It has soared 60% year to date, while the SPDR S&P Retail ETF has tacked on 0.7% and the S&P 500 has gained 5.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Shares of SeaWorld Entertainment Inc. were up 5% Monday morning after Ivory Cove Ltd. reported a 5.2% stake in the company. This investment would make Ivory Cove the fourth-largest shareholder in the company, according to FactSet. Shares of SeaWorld have gained 7% in the past month, compared to the S&P 500’s loss of 1%. Year to date, shares of SeaWorld have fallen 28.5% compared to the S&P 500’s gain of 6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Shares of Fiat Chrysler Automobiles N.V. rose 0.3% in morning trade Monday, after the automaker reported total U.S. vehicle sales in September fell 1% from a year ago, as a 17% decline in sales of cars and multipurpose vehicles and and a 3% drop in utility vehicles offset a 27% increase in truck and light commercial vehicle sales. Among individual brands, Jeep sales fell 3%, Chrysler slid 27%, Dodge declined 6%, Fiat tumbled 30% and Ram jumped 27%. The stock has tumbled 30% year to date, while the S&P 500 has gained 5.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Shares of VirnetX Holding soared 45% early Monday after the company said it won a $302.4 million verdict against Apple Inc. for patent infringement. The verdict, which includes royalties awarded to VirnetX, ends a years-long case in which two earlier verdicts in Apple’s favor were overturned by a federal judge. The latest verdict is related to VPN-on-Demand and Apple’s original FaceTime product. VirnetX has another two cases outstanding, including patents related to Apple’s iMessage. Shares of VirnetX traded around $5.50 on Monday, pushing them up 14% in the past three months, versus a 2.7% improvement for the S&P 500.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Ford Motor Co. said Monday that total September U.S. vehicle sales fell 7.7% from a year ago to 221,599 vehicles, as an 8.1% slide in sales of Ford branded vehicles offsetting a 1.3% increase in Lincoln vehicles. Sales of all types of vehicles declined during the month, led by a 21% drop in car sales, followed by a 3.4% drop in sport-utility vehicles and a 1.8% decline in trucks. Sales of the top selling Ford-branded car model Fusion tumbled 17.5%, while the top selling SUV model Explorer dropped 12.3% and the top selling truck–F-Series–slumped 2.6%. The stock, which slipped 0.3% in morning trade, has lost 15% year to date, while the S&P 500 has gained 5.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News