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Impact of Tariffs on NYSE: President Trump's tariffs on Canada and Mexico have triggered retaliatory measures, leading to a significant drop in the S&P 500 and raising concerns about a trade war's effect on the US economy. Despite initial losses, the NYSE has shown signs of recovery, but uncertainty remains regarding future stock performance.

Grupo Televisa's Financial Outlook: Grupo Televisa, S.A.B. (NYSE:TV) is highlighted as a promising penny stock with a potential upside of 243.14%, despite facing revenue declines in certain segments. The company has improved its financial position through debt refinancing and operational growth, making it one of the top picks among analysts for investment.

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Fastest News Alerts: Benzinga Pro offers real-time intelligence and news alerts to help traders stay informed and make winning trades in the stock market.

Community of Traders: The platform boasts a community of over 10,000 serious traders who benefit from exclusive stories and accurate market intelligence provided by Benzinga reporters.

Real-time Trading Intelligence: Benzinga Pro offers traders the fastest and most accurate stock market intelligence, helping them stay updated with real-time news alerts.

Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, benefiting from exclusive stories and insights generated by Benzinga reporters.

Top Rated Communication Services Stocks: The article highlights top-rated stocks in the Communication Services sector based on Joseph Piotroski's Book/Market Investor model, with Scholastic Corp receiving an 80% rating and Shenandoah Telecommunications Co, Grupo Televisa SAB, Warner Bros Discovery Inc, and IAC Inc each receiving a 70% rating.

Joseph Piotroski's Investment Strategy: Piotroski, an accountant and professor, developed a value-investing strategy that focuses on high book-to-market stocks and financially sound firms, which has historically outperformed the market. Validea utilizes his methodology to analyze and recommend stocks.

Televisa's Executive Leave: Emilio Azcarraga, the executive chairman of Televisa, is on administrative leave due to a U.S. Department of Justice investigation into the company's alleged bribery of FIFA officials, following a $95 million settlement related to these accusations.

Financial Performance: Despite a 6% drop in revenues, Televisa reported a net profit of 666.5 million pesos in the third quarter, aided by its partnership with Univision and cost-cutting measures, while facing challenges from disconnections in its satellite and cable segments.

Televisa's Financial Performance: Televisa reported a net profit of 666.5 million pesos in Q3, reversing a loss from the previous year, primarily due to gains from its partnership with Univision, despite a 6% decline in overall revenues.

Challenges in Satellite and Cable Segments: The company faced significant subscriber losses in its SKY satellite service and cable segment, contributing to revenue drops, while also benefiting from reduced expenses and lower taxes.

Televisa's Financial Performance: Mexico's largest broadcaster, Televisa, reported a net profit of 666.5 million pesos ($33.85 million) in the third quarter, recovering from a loss of 918.5 million pesos in the same period last year.

Revenue Growth: The company's revenues for the quarter reached 15.36 billion pesos.

Real-time Trading Intelligence: Benzinga Pro offers traders the fastest and most accurate stock market intelligence, helping them stay updated with real-time news alerts.

Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, benefiting from exclusive stories and insights generated by Benzinga reporters.

Cannabis and Cryptocurrency in Elections: Both Vice President Kamala Harris and former President Donald Trump have acknowledged cannabis legalization and cryptocurrency as significant issues for voters ahead of the upcoming elections, with Harris advocating for cannabis legalization and Trump shifting from skepticism to interest in crypto ventures.

Media Appearances and Key Questions: Harris is set to participate in various media interviews this week where she may address her positions on cannabis and crypto, while questions remain regarding her plans for SEC leadership and the status of individuals still imprisoned for marijuana-related offenses.

Kamala Harris's Media Strategy: Vice President Kamala Harris is increasing her media appearances ahead of the 2024 presidential election, including interviews on "60 Minutes," "The View," and "Late Show with Stephen Colbert," aiming to enhance her visibility and address criticisms regarding her media presence.

Impact on Election Dynamics: With former President Trump opting out of debates, both candidates are focusing on media engagements to reach undecided voters, particularly in the Hispanic community, while recent polls indicate a competitive race despite Harris leading in some surveys.

Leadership Change at TelevisaUnivision: The CEO of TelevisaUnivision, a major Mexican-American media company, is set to be replaced, with the transition expected as early as Wednesday evening.

New CEO Appointment: Daniel Alegre, previously the CEO of NFT maker Yuga Labs, is anticipated to succeed the current CEO, Davis, who has held the position since the company's formation in 2021.

CEO Replacement at TelevisaUnivision: TelevisaUnivision is set to replace its CEO, Wade Davis, due to underperformance and loss of confidence from stakeholders, with Daniel Alegre likely to take over the role.

Company Performance Overview: Despite a 4% drop in profit to $1.61 billion in 2023 and significant debt, TelevisaUnivision has experienced revenue growth driven primarily by the Mexican market, while U.S. market gains have been weaker than expected.

Leadership Change at TelevisaUnivision: TelevisaUnivision has replaced its CEO Wade Davis with Daniel Alegre, who previously led Yuga Labs. The change is part of a long-term succession plan and follows concerns about company performance.

Company Performance Overview: Despite a 4% drop in profit to $1.61 billion in 2023 and significant debt, TelevisaUnivision has seen revenue growth driven mainly by the Mexican market, although expectations for stronger gains in the U.S. market were not met.

Top Rated Communication Services Stocks: The article highlights the top-rated Communication Services stocks based on Joseph Piotroski's Book/Market Investor model, focusing on companies like Scholastic Corp, Shenandoah Telecommunications Co, and Grupo Televisa SAB, which have ratings of 80%, 70%, and 70% respectively, indicating varying levels of interest based on their financial fundamentals.

Joseph Piotroski and Validea: Joseph Piotroski, an accounting professor, developed a stock-selection method that has historically outperformed the market, and Validea utilizes his strategies alongside those of other investment legends to provide stock analysis and model portfolios.

Major Earnings Reports: Key companies reporting earnings after the market close on Tuesday include Tesla, Alphabet, Visa, Texas Instruments, and Enphase Energy.

Additional Earnings Releases: A wide range of other companies are also set to release their earnings reports after Tuesday's close, including ADC, AGR, APAM, and many more.

Quarterly Earnings Release: Grupo Televisa is set to release its quarterly figures on July 23, with analysts predicting a loss of $0.089 per share compared to earnings of $0.020 per share from the same quarter last year.

Revenue Expectations: Analysts forecast that Grupo Televisa will report revenues of $899.5 million, a decline from $1.05 billion in the previous year, and expect a profit of $0.030 per share for the current year, down from $1.020 per share a year earlier.

2024 Copa América Tournament:

• The tournament starts on June 20 with 16 teams from North and South America competing.
• Lionel Messi might play his last major international competition in this event.
• Games will be broadcasted on Fox, FS1, FS2, TUDN, and Univision.
• Teams are divided into four groups, with the top two from each group advancing to the elimination rounds.
• Argentina is the favorite, followed by Brazil, Uruguay, Colombia, U.S., Mexico, and Ecuador.

Betting Odds and Players to Watch:

• Messi is favored as the top goalscorer, followed by players from Uruguay and Brazil.
• DraftKings' betting odds favor Argentina, Brazil, Uruguay, Colombia, U.S., Mexico, and Ecuador.
• Fans can bet on various Team USA-specific props during the tournament.

Stocks to Watch:

• Fox Corp and Grupo Televisa could benefit from broadcasting rights.
• Univision's TUDN had high viewership during the 2020 Copa América final.
• Anheuser-Busch InBev is the official beer sponsor of the tournament and has Messi as a brand ambassador.