Notable News Review: Netflix, Inc. (NASDAQ:NFLX), SunTrust Banks, Inc. (NYSE:STI), SYSCO Corporation (NYSE:SYY)

On Thursday, Shares of Netflix, Inc. (NASDAQ:NFLX), added 0.73% and closed at $100.23 in the last trading session. The last trading range of the stock ranges between $97.63 and $100.50. Netflix, the world’s leading Internet television network, confirmed that filming of a new original series created and directed by acclaimed filmmaker, Manolo Caro (Tales of an inmoral couple, Elvira I’ll Give You My Life But I’m Using It, Love of My Loves, I Don’t Know Whether to Slit My Veins or Leave Them Long) will begin in Mexico early 2017. The untitled Manolo Caro project will be available across all 190 Netflix territories.

The half-hour dark comedy, which will be filmed in 4K, revolves around a seemingly successful and idyllic family-run flower business full of dysfunctional secrets. One day, the patriarch finds out his longtime mistress has suddenly passed away and he decides to bring their children into the household alongside his current wife and family who didn’t know they existed. The series explores the need to protect and forgive loved ones, no matter how uncomfortable.

“I really wanted to work with Netflix which comes together with great responsibility as it represents international exposure for the entire team. I am happy to take on this challenge as I will have the opportunity to enjoy the unconditional support and creative freedom needed to tell this great story,” said filmmaker Manolo Caro.

SunTrust Banks, Inc. (NYSE:STI), dropped -2.06% and closed at $44.76 in the last trading session. The last trading range of the stock ranges between $44.25 and $45.19. The company’s Market capitalization is $22.22 Billion with the total outstanding Shares of 501.41 million. When asked which Halloween character best represents their financial state of mind, more than a quarter of Americans surveyed – 27 percent – chose “bat” because they would rather sleep than think about their finances, according to a National Financial Confidence Poll conducted by SunTrust Banks, Inc. (STI). The same percent identified with pirates because “their pockets are full of cash,” perhaps reflecting the strengthening U.S. economy.

When it comes to financial fears and scary financial mistakes, the survey found:

  • The most common financial fear is job loss (21 percent), followed by a medical emergency (17 percent).
  • Millennials are more likely to have a financial fear than other generations (87.5 percent have one, contrast to only 82 percent of baby boomers).
  • The top scary financial mistake people identified was not saving more for retirement when they were younger (23 percent).
  • Among millennials, the most common scary mistake was running up credit card balances (18 percent).
  • Thirteen percent of millennials said their most regrettable financial mistake was spending too much on a relationship that didn’t work out.

SYSCO Corporation (NYSE:SYY), jumped 0.51% and closed at $48.86 in the last trading session. The last trading range of the stock ranges between $48.33 and $49.04. During the 52-week trading session the minimum price at which share price traded, registered at $38.83 and reached to max level of $53.97. Sysco Corporation (SYY), North America’s leading foodservice distribution company, recently honored its suppliers that met or exceeded the company’s exacting standards as part of the 2016 Sysco Supplier Excellence Awards program. The awards, presented at an industry dinner in Houston, recognize the commitment, support and partnership of suppliers by category and area of accomplishment.

Recipients of Sysco’s 2016 Supplier Excellence Awards were chosen from more than 1,300 eligible suppliers worldwide. Winners were selected based on key business performance measures as prescribed by Sysco’s U.S.-based distribution companies and the company’s corporate Merchandising, Quality Assurance and Supply Chain departments.

Michael Foods Inc., headquartered in Minnetonka, Minn., was recognized as Supplier of the Year, Sysco’s top supplier recognition, and awarded for the highest level of performance in areas such as sales growth, profitability, Sysco Brand sales and overall support of Sysco and its customers. Michael Foods’ President and CEO, Jim Dwyer, together with Michael Elliot, Vice President and General Manager of the Commercial Business Group, accepted the award.

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