21st Century Fox Shares Could See Rare Oscars Boost

Reuters: Shares of 21st Century Fox could be set for a rare Oscar rally as the global media giant took home gold at Sunday’s Academy Awards ceremony. “Normally it’s not terrifically meaningful for stocks, but here and there you can get situations where it matters a little,” FBR Capital Markets analyst Barton Crockett said. This time, it could matter to Fox, partly because the company fielded movies that not only fared well at other awards ceremonies but also at the box office.