Charter Communications stock on track for best day since at least 2009 after earnings

Day Tradexchange Inc

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Day Tradexchange, Inc., formerly Syndication, Inc., is a consulting company engaged in acquiring controlling interest in or to participate in the creation of, and to provide financial management and technical support to development stage business, e-commerce businesses, and traditional brick and mortar businesses. It specializes in project development services for private and public client companies. It also assists client companies in evaluating, structuring and negotiating joint ventures, strategic alliances, joint marketing agreements and other corporate transactions. It also provides advice on corporate finance, financial reporting and accounting operations. It offers a range of consulting services, such as reverse mergers and acquisitions, specific asset acquisitions, capital investment, debt investment, market development, transfer agent service advice, management and management placement, development and implementation of business models, and Internet marketplace and technology.

Charter Communications stock on track for best day since at least 2009 after earnings

1:17 pm ET January 31, 2019 (MarketWatch) Print

Charter Communications Inc. (CHTR) shares are up nearly 14% in afternoon trading Thursday, after the company delivered an encouraging forecast for its capital-expenditure plans. The stock is on track for its best single-day performance since at least December 2009, according to Dow Jones Market Data. Charter's stock is currently the second-best performer in the S&P 500 on Thursday, behind (http://www.marketwatch.com/story/ges-stock-gets-biggest-earnings-boost-in-over-10-years-2019-01-31) General Electric Co.'s (GE) stock, which is up 14.1% in afternoon trading. "It's been seemingly a long time since being a pure-play cable operator was a good thing," wrote MoffettNathanson analyst Craig Moffett, who rates the stock a buy with a $470 target price. "Charter is making that case. Rather eloquently, actually." Shares are still down 12% over the past 12 months, as the S&P 500 has fallen 0.4%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

January 31, 2019 13:17 ET (18:17 GMT)