CBS - CBS Corporation
| Previous Close | 49.33 |
| Open | 49.37 |
| Bid | 49.03 x 800 |
| Ask | 49.01 x 800 |
| Day's Range | 48.65 - 49.37 |
| 52 Week Range | 41.38 - 59.59 |
| Volume | 1,212,888 |
| Avg. Volume | 2,418,987 |
| Market Cap | 18.36B |
| Beta (3Y Monthly) | 0.90 |
| PE Ratio (TTM) | 6.12 |
| EPS (TTM) | 8.01 |
| Earnings Date | Aug 8, 2019 |
| Forward Dividend & Yield | 0.72 (1.49%) |
| Ex-Dividend Date | 2019-06-07 |
| 1y Target Est | 62.24 |
- InvestorPlace•2 days ago
The 10 Best Cheap Stocks to Buy Right Now
[Editor's note: This story was previously published in February 2019. It has since been updated and republished by InvestorPlace staff.]With the market up more than 20% since the late-December lows, the argument that stocks -- at least some stocks -- are back to being overvalued and overbought holds at least a little water. Others argue that the rebound rally has only just begun, and valuation isn't yet a problem.The truth is, as usual, somewhere in the middle of the two extremes.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor a surprising number of names, however, it's a debate that's largely irrelevant. Some stocks are simply (still) too cheap to overlook, poised to make gains whether or not the broad market's tide helps out in the foreseeable future. For deeply undervalued equities in anything but a wildly bearish environment, the bigger risk is being on the sidelines rather than in a position. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 To that end, here's a rundown of 10 of the market's best cheap stocks to buy right now. In some cases, the per-share price is just oddly low. In other cases, prices compared to earnings are well into single-digit territories. In most cases, both qualities apply. In no particular order …Source: NASA Blueshift via Flickr CBS Corporation (CBS)CBS Corporation (NYSE:CBS) may be down of late, but I still have confidence in CBS stock anyway. The television giant has improved in a big way where it needed to the most … streaming. By 2022, it should have 25 million streaming customers in tow.It's only a sign of the current paradigm shift in how video is delivered to consumers. It's also the reason we've seen a frenzy of M&A within the film and TV arena, the most notable of which is the Walt Disney (NYSE:DIS) acquisition of Twenty-First Century Fox (NASDAQ:FOXA). CBS has also jockeyed to acquire Viacom (NASDAQ:VIAB).With CBS stock priced at only 7.5 times this year's expected earnings though, the company would also make for a dirt-cheap entry or expansion into the entertainment industry. Air Lease (AL)Source: Karen Neoh via FlickrAir Lease (NYSE:AL) relies on at least a decent economy to drive demand for passenger jets, and recently, investors have seen what they think are too many red flags.Take a closer look at all the data, though, and matters aren't as dire as they may seem. While global economic growth may be running into a near-term headwind in the wake of plenty of political drama, in the bigger picture, airlines still desperately need new aircraft to satisfy demand.In November of last year, and for the 12 months ending then, enplanements and total miles flown once again reached record levels. Boeing (NYSE:BA) believes that between now and 2037, the world's airlines will take delivery of more than 42,000 new aircraft. * 7 First-Half IPO Stocks That Will Falter in 2019's Second Half Given that trend and outlook, Air Lease is undervalued at its forward P/E of just above 5.8. Micron Technology (MU)Source: Shutterstock Add Micron Technology (NASDAQ:MU) to a list of cheap stocks to buy before it's no longer cheap.It's not an easy idea for some investors to get behind. The ramp-up of computer memory production has created a price-cutting glut, and it took a toll on Micron's most recently-reported quarter's bottom line. The previous quarter's gross margins of 59% were further projected to slip to between 50% and 53%, versus estimates of 55%.This is a cycle investors have seen over and over again, however, with the same end result every time. That is, producers will curtail production, abating supply and restoring pricing power. Rivals Samsung Electronics (OTCMKTS:SSNLF) and SK Hynix, in fact, have already decided to slow their DRAM expansion plans, and Micron has vowed to cut capital expenditures by more than $1 billion this year.It could take a while for tempered production to restore DRAM prices, but trading at only 7.6 times this year's projected per-share profits, MU stock is worth the wait. It has been every time before. Citigroup (C)Source: Shutterstock Citigroup (NYSE:C), like most bank stocks, had a rough 2018, and though it has bounced this year, the 2019 rally to-date has been subpar. The stock is trading at a trailing P/E of 10, and a forward-looking earnings multiple of 8 … cheap even by current banking stock standards, which have been abnormally low.The reason for the mismatched price and forecasted earnings is understandable enough. That is, enough investors are convinced interest rates are going to become just a little too high against a backdrop of just a little too much economic weakness. The concern is largely manifested in the flattening yield curve, which is particularly problematic for banks. * The 7 Best Tech Stocks to Buy for the Second Half of 2019 As was the case with Air Lease though (and will be for several others below), the worry isn't fully merited. NCR Corporation (NCR)Source: Shutterstock You may know the company better as National Cash Register Corporation, even though it changed its name years ago to NCR Corporation (NYSE:NCR). The less-limiting moniker reflect the fact that point-of-sale devices are now much more than a means of completing a sale. Since then, the company has expanded into areas like ATM machines, self-service kiosks and full-blown inventory management platforms.It's certainly a move in the right direction, although it's arguable the market isn't giving the new NCR enough credit. Shares are priced at only 10 times this year's projected profits.That might have something to do with the fact that outfits like Square (NYSE:SQ) and Paypal (NASDAQ:PYPL) are encroaching in NCR's turf. It's a legitimate concern too. There's a huge subset of companies, however, that will prefer to do business with a long-established name like NCR. Timken (TKR)Source: Oleg Zaytsev via FlickrTimken (NYSE:TKR) is anything but a household name. The company makes ball bearings and industrial transmissions to supply mechanical power where it's needed in a manufacturing environment.It's anything but a riveting (pun fully intended) business. But, it's a business that's starting to grow in earnest again as America's industrial engine revs. After rolling over in 2015 as the nation started to fully transition to a service-oriented economy, the United States began making more goods again in 2016. It's never looked back. * 5 Great Dividend Stocks to Buy From the Tech Sector The paradigm shift has proven to be a boon for Timken, which has grown revenue at a double-digit pace since early 2017. Better still, the new revenue trend has set the stage for earnings growth this year that translates into a projected P/E of only 8.3. General Motors (GM)Source: Shutterstock There's no denying General Motors (NYSE:GM) ran into a headwind three years ago, when "peak auto" became a reality. Though a victim of its own rampant success -- subsequent comparisons have all looked lackluster -- investors tend to only care about how current results stack up against the recent past.Those investors, however, may be unfairly harsh with their treatment of GM stock and its peers. While it remains unclear when we'll see another automobile purchase growth cycle again, General Motors is still a solid cash cow, yielding 4.25% while it sports a dirt cheap trailing P/E of 5.7.Regardless, the carmaker continues to impress regardless of the stock's valuation. Nicolas Chahine commented, "the 2018 barrage of tariff headlines made GM stock a tough trade as it fell sharply off its January 2018 highs. This year so far it has been the total opposite. GM management clearly gave Wall Street reason to rejoice and buy the stock and investors ate it up. This morning, they backed up their claim…" Lumentum Holdings (LITE)Don't worry if Lumentum Holdings (NASDAQ:LITE) is an unfamiliar name -- most investors probably haven't heard of it. The company makes communications equipment and industrial lasers, and has a big presence in the fiber optic industry.There has never been a time when the world has needed such high-speed connectivity. As more and more wireless devices compete for a finite amount of radio frequency bandwidth, middlemen are looking for easier and faster ways to offload some of that traffic to physical infrastructure. Fiber optic lines are more than up to the task. * 3 Hot Trades for 3 Spicy IPO Stocks The market doesn't seem to see it yet, pricing LITE stock at a forward P/E of 9.7 despite this year's expected revenue growth of 28% and next year's 27%. As time passes though, Lumentum's role in the future of telecom will become clearer. Terex (TEX)Source: Shutterstock Name any piece of mobile machinery, and Terex (NYSE:TEX) probably makes it. From backhoes to cherry pickers to tracked conveyers to cranes, Terex has solutions for almost any industrial application.That diversity hasn't helped revenue in a while, with the top line peaking in 2014. The stock has been hit-and-miss since then … more misses than hits.The doubters may have overshot their pessimism though, sending TEX stock to a forward-looking P/E of 7.2 following what should be nearly 17% revenue growth for 2018. While sales growth is expected to slow this year, the company more often than not topped sales and earnings estimates in 2018. It may hold a few pleasant surprises in store this year. Capital One (COF)Source: Eric Hauser via Flickr (Modified)Last but not least, add credit card company Capital One Financial (NYSE:COF) to your list of cheap stocks to consider here.Like Citigroup, Air Lease and others, investors have been fearful that a slowing economy -- maybe even a shrinking one -- could work against Capital One. In fact, rising interest rates could hit Capital One particularly hard in that situation, as its target market of risky borrowers could be the first to underpay of stop payments altogether should the global economic condition sour. * 3 Hot Internet Stock Trades It's another case, however, where the doubters may have overshot. COF stock is now priced at only 7.5 times this year's expected profits, making it one of the cheapest stocks to own in the financial sector. The worst-case scenario is more than priced in.As of this writing, James Brumley held a long position in CBS Corporation. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises Compare Brokers The post The 10 Best Cheap Stocks to Buy Right Now appeared first on InvestorPlace.
- Moody's•4 days ago
OUTFRONT Media Capital LLC -- Moody's assigns OUTFRONT Media's proposed senior notes a B1 rating; outlook stable
Moody's Investors Service (Moody's) assigned a B1 rating to OUTFRONT Media Inc.'s subsidiary, Outfront Media Capital LLC's proposed $550 million senior unsecured note due 2027. The existing Ba3 corporate family rating (CFR) of OUTFRONT Media Inc., the Ba1 senior secured rating, and B1 senior unsecured notes rating issued by its subsidiary will remain unchanged.
- Zacks•4 days ago
TEGNA Set to Acquire Leading TV Stations for $535M in Cash
TEGNA (TGNA) set to acquire WTHR and WBNS TV stations from the Dispatch Broadcast Group, which will expand its total household reach across the United States.
- Markit•4 days ago
See what the IHS Markit Score report has to say about CBS Corp.
CBS Corp NYSE:CBS.AView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for CBS.A with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CBS.A. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold CBS.A had net inflows of $853 million over the last one-month. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. CBS.A credit default swap spreads are decreasing and near the lowest level of the last one year, which indicates improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Investopedia•5 days ago
The Success of HBO's Game of Thrones in 5 Charts
The epic fantasy drama is HBO's most-watched show yet, and these five charts illustrate cultural and financial frenzy it has generated.
- American City Business Journals•6 days ago
PR exec Robin Brendle, ‘probably the most popular employee at CBS Sports,’ retires after 37 years
Brendle joined CBS Sports in 1982, following in the footsteps of her father — Bill “Catfish” Brendle, who worked as CBS Sports’ press liaison from 1963 to 1981.
- Reuters•6 days ago
UPDATE 1-Without pop culture contenders, Tony awards audience slumps to all-time low
Nielsen data on Monday showed that just 5.5 million Americans watched Sunday's ceremony broadcast on CBS from New York, down 20 percent from 2018 when "Harry Potter and the Cursed Child" took home six Tonys and rocker Bruce Springsteen won a special award for his sold-out one man show. It was the first time the television audience for the annual awards show that celebrates the best of theater fell below 6 million.
- Reuters•6 days ago
Tony awards TV audience slumps to all-time low
- Simply Wall St.•6 days ago
Why CBS Corporation (NYSE:CBS) Is A Dividend Rockstar
Today we'll take a closer look at CBS Corporation (NYSE:CBS) from a dividend investor's perspective. Owning a strong...
- Market Exclusive•6 days ago
Market Morning: Hong Kong Nerves, Airless Tires, Aerospace Mergers and Brexit Theats
Hong Kong Unites Against Beijing The Million Man March in Hong Kong doesn’t look like it’s causing the country’s “Chief Executive”, Carrie Lam (that’s what they call their political leader over there), who is widely considered a Beijing plant, to budge on an extradition bill to China. As far as Lam is concerned, “This bill […]The post Market Morning: Hong Kong Nerves, Airless Tires, Aerospace Mergers and Brexit Theats appeared first on Market Exclusive.
- Bloomberg•7 days ago
Mexico Doesn't Back Up Trump's Twitter Claims of Big Farm Deal
(Bloomberg) -- President Donald Trump hinted at additional measures between the U.S. and Mexico, a day after he vowed that Mexico would soon make “large” agricultural purchases from the U.S. as part of a deal on border security and illegal immigration that allowed Mexico to avoid U.S. tariffs.
- Insider Monkey•10 days ago
Is CBS Corporation (CBS) A Good Stock To Buy ?
There are several ways to beat the market, and investing in small cap stocks has historically been one of them. We like to improve the odds of beating the market further by examining what famous hedge fund operators such as Jeff Ubben, George Soros and Carl Icahn think. Those hedge fund operators make billions of […]
- PR Newswire•10 days ago
CBS Corporation To Report Second Quarter 2019 Results On Thursday, August 8
NEW YORK , June 6, 2019 /PRNewswire/ -- CBS Corporation (NYSE: CBS.A and CBS) announced today that it will report results for the second quarter 2019 after the market closes on Thursday, August 8, 2019 ...
- PR Newswire•10 days ago
CBS and TEGNA Renew Affiliation Agreement
Nearly 11 Million Television Households Across 11 Markets Covered in New Deal NEW YORK and TYSONS, Va., June 6, 2019 /PRNewswire/ -- CBS Corporation (NYSE: CBS.A and CBS) and TEGNA Inc. (NYSE: TGNA) today ...
- Zacks•11 days ago
CBS to Release Second Season of STRANGE ANGEL in Canada
CBS to launch second season of STRANGE ANGEL, which will have seven episodes, for its Canadian users beginning Jun 13, 2019.
CNW Group•13 days agoCBS All Access' "STRANGE ANGEL" To Debut Second Season In Canada Beginning Thursday, June 13
NEW YORK , June 3, 2019 /CNW/ -- CBS All Access, CBS' direct-to-consumer digital subscription video on-demand service, today announced that its original series STRANGE ANGEL will premiere its second season on Thursday, June 13 in Canada . New episodes of STRANGE ANGEL's seven-episode second season will be available on demand weekly on Thursdays exclusively for CBS All Access subscribers in Canada , mirroring the series' roll-out on the service in the U.S.
- Zacks•15 days ago
CBS (CBS) Down 4.4% Since Last Earnings Report: Can It Rebound?
CBS (CBS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- PR Newswire•16 days ago
CBS Corporation President and Acting Chief Executive Officer Joseph Ianniello to Participate in the Credit Suisse 21st Annual Communications Conference
NEW YORK , May 31, 2019 /PRNewswire/ -- CBS Corporation (NYSE: CBS and CBS.A) announced that Joseph Ianniello , President and Acting Chief Executive Officer, will participate in a question-and-answer session ...
- Reuters•17 days ago
CBS board plans merger talks with Viacom: CNBC
The talks are expected to start in mid-June, CNBC reported on Thursday, citing sources. Both CBS and Viacom declined to comment. Shares of Viacom rose 3.5% to close at $28.72, while CBS was up about 3.2% at $48.20.
- InvestorPlace•17 days ago
CBS-Viacom Merger Talk Sends CBS Stock, VIA Stock Higher
It looks like CBS-Viacom merger talk is heating up as the two companies prepare for possible negotiations.Source: Shutterstock According to recent rumors, CBS (NYSE:CBS) and Viacom (NASDAQ:VIA,VIAB) are considering starting up talks again sometime next month. The source of this rumor claims that CBS' Board of Directors is planning to be the one that starts the negations up again.The idea of a CBS-Viacom merger isn't a new one. The two companies have considered such a move in the past, but never gone through with it. However, the danger that dwindling cable subscribers brings may be enough to result in an actual deal between the content companies.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhile all we have to run off of is rumors, we already have an idea of who will lead the new company that would result from the CBS-Viacom merger. The anonymous sources claim that Viacom CEO Robert Bakish would likely be the one sitting at the top if a deal reaches completion, reports CNBC. * 7 Stocks to Sell Amid an Escalating Trade War "This is the first time we're truly excited by the thought of a CBS-Viacom combo … and view the risk-reward proposition as compelling for both stocks," Marci Ryvicker, a media analysts for Wolfe Research, said in a note obtained by the Los Angeles Times on Thursday.CBS stock was up 3%, VIA stock was up 8% and VIAB stock was up 5% as of Thursday afternoon. VIA stock is also up 8% since the start of the year. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Sell Amid an Escalating Trade War * 5 REITs to Buy While They're Dirt Cheap * The Only 3 Marijuana Stocks You Need to Own As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post CBS-Viacom Merger Talk Sends CBS Stock, VIA Stock Higher appeared first on InvestorPlace.
Yahoo Finance•17 days agoMedia titans including Disney and Netflix are threatening to leave Georgia over abortion ban
Netflix, Disney, Sony and more are issuing statements threatening to stop filming projects in Georgia if the law takes effect.
