Weight Watchers International, Inc. (NYSE: WTW) is having an overwhelmingly strong day in the market today, and for good reason. Oprah Winfrey, a large stakeholder in the company, gave a speech at the Golden Globe awards that, at the very least, was a push on President Trump and, at the most, an announcement of her presidential candidacy. Today, we’ll talk about the presidential speculation, what we’re seeing from WTW as a result, and what we’ll be watching for ahead.
WTW Gains On Oprah Winfrey Acceptance Speech
As mentioned above, Oprah Winfrey gave a speech at last night’s Golden Globe Awards that many believe to be a hint at her run for the presidency. Of course, this speech caused Weight Watchers to head up in the market. In the Cecil B. DeMile Award acceptance speech, Winfrey talked about various moving topics, and seemed to take stabs directly at President Donald Trump himself. Here’s what she had to offer:
“The Press is under siege these days, but we also know that it is the insatiable dedication to uncovering the absolute truth that keeps us from turning a blind eye to corruption and to injustice.”
Winfrey went on to say “I want to say that I value the press more than ever before as we try to navigate these complicated times which brings me to this. What I know for sure is that speaking your truth is the most powerful tool that we all have and I am especially proud and inspired by all the women who have felt strong enough and empowered enough to speak up and share their personal stories.”
Oprah went on to tell the story of Recy Taylor before making what seemed to be a stab directly at President Trump, explaining that Taylor lived “as we all have lived, too many years in a culture broken by brutally powerful men. For too long women have not been heard or believed if they dared to speak their truth to the power of those men, but their time is up. Their time is up!”
Winfrey continued with “I want all the girls watching here and now to know that A NEW DAY IS ON THE HORIZON! And when that new day finally dawns, it will be because of a lot of magnificent women, many of whom are right here in this room tonight, and some pretty phenomenal men, fighting hard to be sure that they become the leaders that take us to the time where nobody has to ever say ‘me too’ again.”
What We’re Seeing From The Stock
As investors, one of the first things that we learn is that the news moves the market. Any time positive news is released with regard to a publicly-traded company, we tend to see gains. With Winfrey’s speech at the Gold Globe Awards, many investors are seeing opportunity ahead. As a result, Weight Watchers is skyrocketing. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (1:59), WTW is trading at $53.04 per share after a gain of $6.13 per share (13.07%) thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on WTW. In particular, we’ll be watching for any news associated with Oprah Winfrey and a possible run for the White House, and how further speculation will affect the stock. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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