Ford falls, Amazon advances pharmacy pursuits and Disney board member speaks – our takes the news

Ford Motor reaffirmed its 2024 guidance, Amazon launched same-day prescription delivery, and Disney’s newest board member weighed in on a proxy battle. Ford expects to earn between $10 billion and $12 billion in adjusted EBIT, Amazon expanded its pharmacy efforts to provide fast prescription delivery, and Disney’s board member emphasized looking forward amidst a proxy battle. Shares of Ford fell despite the reaffirmed guidance, while Amazon’s same-day delivery service showcases its logistics strength and Disney’s stock has been performing well. Investors will get an update on Ford’s business strength on April 24, and Disney’s annual meeting is set for April 3. The Investing Club supports Peltz’s push for board seats at Disney, as they believe it will create shareholder value. Shares of Disney made a new 52-week high on Tuesday. As a subscriber to the CNBC Investing Club, you will receive trade alerts from Jim Cramer.

Ford Motor reiterated its 2024 operating guidance, with expectations to earn between $10 billion and $12 billion in adjusted earnings before interest and taxes, generate adjusted free cash flow between $6 billion and $7 billion, and spend between $8 billion and $9.5 billion on capital expenditures. Despite this, Ford’s stock fell 3.6% on Tuesday, contrasting with General Motors’ gain of 1%. The reiteration of their guidance suggests that management’s efforts to cut costs and focus on hybrid and scaled-back EV investments are on track. Amazon launched same-day delivery of prescription medication in New York City and Los Angeles as part of their Amazon Pharmacy efforts, using artificial intelligence to fill prescriptions quickly. Disney’s newest board member, James Gorman, expressed optimism about the company’s future amid a proxy fight for board seats, citing industry disruption and CEO Bob Iger’s leadership. The company’s stock is up nearly 33% year-to-date but has underperformed the S&P 500 over a five-year period. The Investing Club has voiced support for Nelson Peltz’s push for board seats at Disney, believing he will contribute to shareholder value creation and business revival. Shares of Disney closed at just under $120 apiece and made a new 52-week high on Tuesday.

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