CMCSA - Comcast Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
44.72
+0.08 (+0.18%)
At close: 4:00PM EDT

44.86 +0.14 (0.31%)
After hours: 6:19PM EDT

Stock chart is not supported by your current browser
Previous Close44.64
Open44.87
Bid44.82 x 4000
Ask45.00 x 1800
Day's Range44.49 - 44.87
52 Week Range32.61 - 45.01
Volume15,294,251
Avg. Volume18,061,114
Market Cap202.975B
Beta (3Y Monthly)1.04
PE Ratio (TTM)16.95
EPS (TTM)2.64
Earnings DateJul 25, 2019
Forward Dividend & Yield0.84 (1.88%)
Ex-Dividend Date2019-07-02
1y Target Est48.63
Trade prices are not sourced from all markets
  • Netflix Earnings Forecasts and the Wider Streaming Space
    Market Realist2 hours ago

    Netflix Earnings Forecasts and the Wider Streaming Space

    With Q2's Netflix earnings just around the corner, here's what you can expect from the online streaming giant and the broader streaming space.

  • American City Business Journals4 hours ago

    Here's when Disney will debut its new gondola system

    Walt Disney World Resort has an opening date for its Skyliner service. Visitors to the company's Florida theme parks and resorts will be able to ride the system starting Sept. 29, the company announced. The Skyliner is a gondola-based transportation system that will connect Disney's Hollywood Studios and Epcot theme parks to Disney's Art of Animation Resort, Disney's Pop Century Resort, Disney's Caribbean Beach Resort and the future Disney's Riviera Resort, which will open this December.

  • What We Can Expect from Charter’s Q2 Results
    Market Realist5 hours ago

    What We Can Expect from Charter’s Q2 Results

    Charter Communications (CHTR) plans to post its second-quarter earnings results on July 26 before the market bell.

  • Netflix's Upcoming Competitors Are Spending Crazy Amounts on Content
    Motley Fool7 hours ago

    Netflix's Upcoming Competitors Are Spending Crazy Amounts on Content

    Apple, Disney, WarnerMedia, and NBCUniversal are laying out billions.

  • Time to Turn Cautious on Netflix Stock as Company Announces Earnings
    InvestorPlace9 hours ago

    Time to Turn Cautious on Netflix Stock as Company Announces Earnings

    Netflix (NASDAQ:NFLX) reports its second-quarter earnings on Wednesday after the bell. Since the last report, investors now have more insight as to the competitive situation currently faced by holders of NFLX stock.The move by Disney (NYSE:DIS) to take full control of Hulu leaves Netflix with a competitor on more fronts. Moreover, a new attitude toward content development shows increasing caution.Source: Shutterstock For now, this has had little effect on NFLX stock as it trades near all-time highs. Still, with the competitive landscape changing for the worse, one has to wonder if NFLX can continue to achieve new highs.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dependable Dividend Stocks to Buy Given this uncertainty, investors should consider staying out of Netflix stock going into earnings. Watch for Both Earnings and GuidanceWall Street predicts the video streaming service will report earnings of 56 cents per share. If this number holds, it will represent a 34% decline from the same quarter last year. NFLX earned 85 cents per share in the second quarter of 2018. However, investors need to know that one-time charges affected profits in this quarter. For revenues, analysts forecast an increase of 26.3%, assuming that number meets the predicted $4.93 billion. The company brought in $3.91 billion in the same quarter last year.However, investors should also pay attention to forward guidance, primarily because its business environment will quickly become more competitive. As a result, events seem to signal retrenchment at Netflix. The company will soon lose content from Disney as Disney+ launches on November 12. With Hulu, the competition from Disney will now affect Netflix with both child and adult-oriented programming. Waning Euphoria Could Hurt Netflix StockMoreover, Netflix has decided to pull back on its own content development, or at least become more selective. From a financial point of view, one might see this as a positive for Netflix. This makes it less likely the company will fund more expensive flops. Understandably, the company wants to avoid repeating a $200 million mistake like "Marco Polo," or the $115 million disappointment that was "Triple Frontier."However, the unbridled optimism helped to take Netflix stock to its trailing price-to-earnings (PE) ratio of 104. Analysts expect average annual earnings growth of 49% per year for the next five years. This has helped elevate the PE ratio. However, with less optimism to fuel a higher multiple, NFLX stock could easily see multiple compression as a result.The dominance Netflix enjoyed in the streaming industry also influenced the multiple. The moves by Disney threaten that industry leadership. Also, Comcast (NASDAQ:CMCSA), Amazon (NASDAQ:AMZN), and AT&T's (NYSE:T) WarnerMedia have rolled out appealing alternatives. Further, products such as the streaming box offered by Roku (NASDAQ:ROKU) allow viewers to easily switch between streaming services.Also, the NFLX stock price may have reached an inflection point. NFLX recovered quickly from the December slump. However, it had twice pulled back when the price approached $400 per share. With the current price of around $365 per share, this could leave little room for growth. The Bottom Line on NFLX StockBoth the price action and the competitive developments in recent months could bode poorly for NFLX stock. For most of the decade, NFLX surged higher as it displaced both video stores and increasingly, cable and satellite TV to dominate the streaming industry.Companies like Disney, Comcast, and AT&T have responded with alternative streaming services. Also, the increasingly cautious attitude on content development could help to kill the euphoria that drove NFLX stock to triple-digit PE ratios.At Netflix's current price, investors must also contend with the inability for NFLX stock to stay above $400 per share. Not only must the company beat earnings and revenue estimates, but it must also impress Wall Street by issuing more positive guidance. Given these conditions, investors may have to worry as much about beating multiple compression as they do about exceeding estimates.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Time to Turn Cautious on Netflix Stock as Company Announces Earnings appeared first on InvestorPlace.

  • Reuters9 hours ago

    Cricket-More than 8 million tune in to see England win World Cup

    More than 8 million people in Britain tuned in to watch England win the Cricket World Cup on Sunday following the decision by Sky decision to allow the final to be shown on a free-to-air channel. After criticism that England's earlier matches had only been watched by under a million viewers on Sky's subscription-based channels, the broadcaster made Sunday's finale against New Zealand available on Channel 4. "I’m thrilled that a total peak audience of 8.3m watched England win the Cricket World Cup.

  • American City Business Journals10 hours ago

    11 startups picked for Comcast's 2nd tech accelerator

    Sports, software and recent Comcast acquisition Sky were common threads running through the new class of startups, which will take part in the 13-week program.

  • GlobeNewswire10 hours ago

    Genius Brands International, Inc. Enters Next Significant Phase of Growth With Launch of Branded Merchandise at Retail for Rainbow Rangers and Llama Llama

    BEVERLY HILLS, Calif., July 15, 2019 -- Genius Brands International, Inc. (“Genius Brands”) (NASDAQ: GNUS), the global brand management company that creates and licenses.

  • Cable Television Industry Near-Term Prospects Abundant
    Zacks11 hours ago

    Cable Television Industry Near-Term Prospects Abundant

    Cable Television Industry Near-Term Prospects Abundant

  • Startups Selected for Second Comcast NBCUniversal LIFT Labs Accelerator, Powered by Techstars
    Business Wire11 hours ago

    Startups Selected for Second Comcast NBCUniversal LIFT Labs Accelerator, Powered by Techstars

    Eleven startups from around the world were selected among hundreds of applications focused on the next generation of connectivity, media, and entertainment

  • Benzinga12 hours ago

    This Day In Market History: MSNBC Launched

    Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day 23 years ago, popular cable news channel MSNBC was launched. Where The Market ...

  • Theme Parks Are Having a Challenging Summer
    Motley Foolyesterday

    Theme Parks Are Having a Challenging Summer

    Disney, Universal Studios, and SeaWorld are ramping up promotional activity during the typically potent summer travel season.

  • InvestorPlace3 days ago

    Netflix Stock Might Have Plenty of Upside Ahead Earnings

    Netflix (NASDAQ: NFLX) continues to trend towards yearly highs, ahead of its earnings report on July 17, after the market closes. There still are some exciting days ahead for Netflix stock.Source: Shutterstock And why not? Neither valuations nor debt levels matter because the streaming giant is buying up quality content to grow subscriptions.So long as subscriptions climb higher globally, investors should keep accumulating Netflix stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Competition Heats UpThe Walt Disney Company (NYSE: DIS) announced in April its own streaming service, Disney+. Yesterday, ahead of the announcement of its upcoming streaming service, AT&T (NYSE: T) pulled "Friends" from Netflix.Competitors are desperately rushing to bulk up its content to attract subscribers. Traders yawned after the news. The stock barely fell at all in recent months other than testing the $340 level at the 200-day moving average.Netflix stock closed recently at $381.Netflix investors are betting that HBO Max, which launches in the spring of 2020 will not lure its subscribers away. Similarly, Disney may have a rich library of old cartoons and movies but it, too, may fail to beat Netflix.The late entry by these firms suggests both Disney and AT&T will need to suffer losses for a few quarters at the very least. It needs to beat Netflix on subscription rates to take Netflix's market share.Fortunately, Netflix has a number of great TV hits. Stranger Things, The Crown, Orange is the New Black, and Black Mirror are only a few solid shows subscribers may enjoy.On the movie front, I am Mother and Roma are some titles available on the service. At worst, Netflix subscribers may sign up for HBO Max or Disney+ concurrently. And when they realize that Netflix is still the better option, they may cancel the second subscription. RisksDespite my confidence for Netflix holding up against the competitors, AT&T could stand a chance in growing and taking market share. With Friends and the DC Universe service rolled together, HBO Max could prove successful.It has to be. AT&T delayed its streaming service until next year and has no room for a botched release.NBCUniversal will yank The Office from Netflix in 2021 and Comcast (NASDAQ: CMCSA) will bring it back to its own streaming services. Though this service is another competitive threat for Netflix, Netflix subscribers could binge watch the show before it is removed.If that happens, the viewership for the show will fall when Comcast takes it back. Growth OpportunitiesNetflix's record-breaking Season 3 of Stranger Things signals more things to come. 40.7 million households watched the third season while 18 million watched the entire season.Subscribers may very well keep paying the monthly rate as they wait for Netflix to release the fourth season.Netflix's global expansion continues to find success. The company is finding that the longer it has been in a territory like Europe, the better it understands its audience.In the upcoming earnings report, investors may safely expect the company to report continued strength from global subscriptions growth.In Q1/2019, Netflix benefited from scaling its business. Content and marketing spend grew at a slower pace than revenue, lifting margins.Growing awareness for its brand and for hit shows like Stranger Things should lead to profit margin growth in the upcoming earnings report. Needless to say, a strong subscriber growth number will send Netflix back to yearly highs, if not new yearly highs.Netflix forecast a 7% year-over-year growth in subscribers in the second quarter. Growth is more concentrated internationally, while price changes in the U.S. could slow the addition of new subscriptions. Still, the higher prices should help add to profitability. Valuation and Your Takeaway on Netflix StockNetflix's increasing rate of growth in international subscribers is what will get investors excited. It also makes the $419 price target, or an upside of 10%, seem too conservative a valuation.Source: BusinessQuantConservative investors may prefer to wait for the stock to re-test the $340 - $360 low. A subscriptions growth rate miss might just send the stock lower. But if Netflix crushes estimates again, the stock may not end up dipping.Disclosure: As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post Netflix Stock Might Have Plenty of Upside Ahead Earnings appeared first on InvestorPlace.

  • Benzinga3 days ago

    B Riley Likes TiVo After Signing 2 Licensing Agreements This Week

    Wold is revisiting TiVo given the surprising lack of activity in shares after the company signed licensing agreements with LG Electronics and Shaw Communications Inc (NYSE: SJR) this week. “In our opinion, the relatively benign 3.2% move in TiVo shares this week is a fairly clear indication that investors are now almost entirely focused on the ongoing licensing dispute and litigation with Comcast Corporation (NASDAQ: CMCSA) with almost a complete disregard for any other improvements in the company’s baseline licensing operations,” Wold wrote in a note.

  • Penumbra, Lovesac, Netflix, NBCUniversal and Amazon highlighted as Zacks Bull and Bear of the Day
    Zacks3 days ago

    Penumbra, Lovesac, Netflix, NBCUniversal and Amazon highlighted as Zacks Bull and Bear of the Day

    Penumbra, Lovesac, Netflix, NBCUniversal and Amazon highlighted as Zacks Bull and Bear of the Day

  • Zacks3 days ago

    Netflix (NFLX) to Post Q2 Earnings: What's in the Cards?

    Netflix's (NFLX) second-quarter 2019 results are likely to be driven by strength in content portfolio despite stiffening competition.

  • The S&P 500 just hit a record high — so did these stocks
    MarketWatch3 days ago

    The S&P 500 just hit a record high — so did these stocks

    DEEP DIVE Investors clearly find the U.S. stock market an attractive haven in a world of incredibly low (or negative) interest rates. The S&P 500 Index (SPX) hit an all-time intraday high on July 10, rising above 3,000 for the first time, before closing at 2,993.

  • Stock Showdown: AT&T Stock and Verizon Are Both Risky Plays
    InvestorPlace3 days ago

    Stock Showdown: AT&T Stock and Verizon Are Both Risky Plays

    When it comes to finding great dividends, the telecoms can't be beat. Thanks to their stable demand and fixed operating costs, the major telecommunication providers have long been able to provide their investors with a steady income and high yields. That's certainly been true for giants AT&T (NYSE:T) and Verizon (NYSE:VZ) over the last decade or so. And, as a result, both VZ and T stock have become staples of many retirees' portfolios.Source: Shutterstock However, growth at both AT&T and Verizon has slowed in recent years. Wireless saturation is near 100% and upstarts like T-Mobile (NASDAQ:TMUS) have driven down prices for wireless and data plans. That hit T & VZ right in their wallets. To compensate for that, each telecom took a similar, yet different path to finding future growth.The question now is: which of the two major telecom stocks -- AT&T or Verizon -- makes more sense for your portfolio today?InvestorPlace - Stock Market News, Stock Advice & Trading Tips VZ & T Stock Make Some Big MovesThese days, investors can't think of Verizon or AT&T as strictly old-fashioned telecoms. It's no secret that landline usage has fallen off the map. Meanwhile, new wireless subscriber growth has basically flatlined. At this point, everyone has a smartphone and perhaps a secondary device hooked up to wireless networks. Moreover, thanks to fungibility among carriers and price wars, consumers are able to switch with ease. Because of this, the major U.S. telecoms like T and VZ have had to look elsewhere for growth. * 10 Stocks to Sell for an Economic Slowdown For AT&T, that meant becoming a media powerhouse. Cable television provider Comcast (NASDAQ:CMCSA) set the trend when it purchased NBCUniversal. T followed a similar playbook by adding exposure to cable with its buyout of DirecTV. These gave the ability to offer triple-play services as well as wireless service to its consumers. Like CMCSA, AT&T then added content origination with its mega-sized buyout of Time Warner. This acquisition gave T ownership of HBO, Turner Broadcasting as well as Warner Bros. entire movie catalog. The idea was that AT&T could now bundle original content with its own private network of mobile/wireless video and satellite services.Verizon is playing in the same sandbox, albeit it's building a different castle. VZ decided to go hard into web properties. This included buying AOL and Yahoo. The idea was that the firm could become a major player in digital advertising and the mobile web. The firm also beefed its other tech operations with Telogis and Fleetmatics Group. These cloud operations allowed businesses to take advantage of fleet operations software that can be used on VZ's wide and high-speed wireless networks. Not What VZ Stock & T Stock Bargained ForAs you can see, the shift in both AT&T and Verizon was designed to offer tangential services using their huge networks. T was setting itself to be an all-in-one media and content provider. It would make the movies and then distribute them over its satellite and mobile video operations. And there would be some exclusivity in that. AT&T recently unveiled its plans for its own streaming service to accomplish this goal. VZ went hard into the lucrative world of digital advertising, data mining and cloud services.Unfortunately, neither operation has proved too fruitful for either T or VZ.The combination of AOL and Yahoo is basically worthless for Verizon. At the end of last year, the firm wrote down the goodwill of the deals by just under half -- or a whopping a $4.6 billion. And the hits kept coming. Verizon Media showed a big 7.2% decline in year-over-year revenues. The company specifically blamed lower ad revenues for the dip.Things haven't been great for AT&T either. It turns out providing cable services is just as sticky as providing wireless ones. People continue to cut the cord at a fevered pace and adopt streaming instead. That's hurt DirecTV in a big way. The firm has lost nearly 1.3 million video subscribers over the last two quarters. It's streaming service -- DirecTV Now -- has lost nearly 20% of its total net subscribers in the last 6 months. This is a huge issue if your entire M.O. was getting people to watch your produced, movies and T.V. shows on your exclusive networks. The firm continues to bleed traditional cable subscribers -- via its U-Verse business -- as well.So, neither transition is working out the way AT&T and Verizon planned. To make matters worse, both stocks are now heavily indebted because of the buyouts, mergers and plans to change their business model. At the end of March, T had more than $169 billion in debt on its balance sheet. Verizon is doing a tad better at $113 billion. That's a major problem for both stocks if these efforts don't pan out. Should You Buy T Stock or VZ Stock?Given the struggles at both AT&T and Verizon, neither one makes a compelling purchase right now. Those debt loads are pretty scary considering the assets used to make them aren't performing as planned. Honestly, I'd be worried about their dividends -- the reason why people buy them in the first place -- if things don't improve.But if I had to make the decision today, I'd most likely go with Verizon. The firm has at least acknowledged that its move in advertising was a poor choice and has removed the Band-Aid on these operations. The write-downs, layoffs and cost-cutting efforts will make it much easier for the firm to bounce back. And these brands -- like Tech Crunch and the Huff Po -- are valuable to someone, if it decides to sell them. Meanwhile, it's gone gung-ho on its 5G network services. * 7 Stocks to Buy for Monster Growth in the Second Half of 2019 On the flip side, AT&T has decided to double-down on its problems -- launching four different streaming services in a bid to regain customers.In the end, both major telecoms have plenty of warts and may not be big buys at all. But if investors were looking at them both, VZ stock gets the slight nod over T stock.At the time of writing, Aaron Levitt did not hold a position in any stock mentioned. The post Stock Showdown: AT&T Stock and Verizon Are Both Risky Plays appeared first on InvestorPlace.

  • Comcast (CMCSA) Outpaces Stock Market Gains: What You Should Know
    Zacks4 days ago

    Comcast (CMCSA) Outpaces Stock Market Gains: What You Should Know

    Comcast (CMCSA) closed at $44.08 in the latest trading session, marking a +0.66% move from the prior day.

  • GuruFocus.com4 days ago

    Finding Value the Jean-Marie Eveillard Way

    Tips on finding value from one of the world's most experienced investors Continue reading...

  • Here's when this Galaxy's Edge ride will open at Disney
    American City Business Journals4 days ago

    Here's when this Galaxy's Edge ride will open at Disney

    One of the two attractions in Walt Disney World’s soon-to-open Star Wars: Galaxy's Edge will debut on Walt Disney's birthday. The experience, Star Wars: Rise of the Resistance, will launch Dec. 5 in Orlando and Jan. 17 in California, according to a news release. The new 14-acre world is expected to open Aug. 29 at Disney World's Hollywood Studios theme park.

  • Buy Netflix (NFLX) Stock Before Q2 Earnings Ahead of Streaming Fight?
    Zacks4 days ago

    Buy Netflix (NFLX) Stock Before Q2 Earnings Ahead of Streaming Fight?

    Shares of Netflix (NFLX) have tracked the S&P 500 over the last six months after they skyrocketed to start 2019. Now, let's see if investors should think about buying NFLX stock before it reports Q2 earnings.

  • Upcoming Earnings Look Huge for Netflix Stock
    InvestorPlace4 days ago

    Upcoming Earnings Look Huge for Netflix Stock

    When it comes to a stock like Netflix (NASDAQ:NFLX), quarterly earnings can receive a little too much hype. NFLX stock, after all, isn't really an argument over what happened in the first quarter of 2019. It's an argument, broadly speaking, over what the internet video landscape will look like in 2025, and 2035.Source: Shutterstock But earnings reports can change those projections. If Netflix's subscriber growth suddenly stops, that might suggest less popularity and lower profits for years to come. But when it comes to half a million subscribers in one quarter, or a few pennies' worth of earnings per share in another, short-term factors simply don't matter as much as some in the media and some owners of NFLX stock believe. * 10 Stocks to Sell for an Economic Slowdown Indeed, for all the hype over Netflix's recent earnings reports, NFLX stock has traded mostly sideways for the last year, and, in total, it actually has declined about 5.6% over that period. NFLX stock did plunge in December, but that was caused by the market's problems, not a NFLX issue. The stock recovered quickly and until its recent, modest rally, it had mostly traded sideways for some time.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut the company's second-quarter earnings report, due on Wednesday, July 17, in the afternoon, looks more important than any from the streaming giant in a while. NFLX stock is trying to break out. More competition is on the way. And investors weren't really thrilled with the company's Q2 guidance. Strong Q2 results would put Netflix stock in a good position as the streaming wars heat up. Any sign of weakness, however, would leave NFLX stock looking potentially vulnerable. NFLX Stock Faces ResistanceFrom a technical standpoint, NFLX stock is trying to break out. The stock has posted a nice gain of roughly 12% over the last three weeks or so, and at $384, it's back at resistance that's held several times before. Netflix stock hit this level in early May and quickly fell. It did the same in early October and again fell after reporting strong Q3 earnings in mid-October, It then proceeded to plunge over 35% in less than three months.If Netflix stock again fails to clear those levels, it's not necessarily a death knell. A repeat of December's declines likely isn't in the cards, barring another a market downturn or a disastrous Q2 report. But Netflix stock has one of the highest valuations among mega-cap names; if its resistance holds again, that could be a near-term/mid-term signal that investors have a maximum price that they're willing to pay to buy Netflix stock. Q2 Expectations Might Be LowI wrote in April that Netflix's had a "good news, bad news" quarter in Q1. The good news was a big Q1 beat. The bad news was disappointing Q2 guidance.The split was most noticeable in terms of net subscriber adds. Netflix picked up 9.6 million subscribers worldwide in Q1. It estimated that it would add just 5 million subscribers in Q2, which was lower than Wall Street analysts, on average, had expected.And at the end of the day, NFLX still is a subscriber story, as I argued a year ago. Again, NFLX stock is valued based on the profits that supposedly sticky subscribers can generate for years, particularly if the company can cut the growth of its constantly skyrocketing content spending.Netflix needs to hit, and likely beat, its Q2 subscriber guidance. The guidance was disappointing to begin with. Something like 3-4 million net adds is not good enough. That type of performance would lead investors to wonder if its growth is slowing. It would raise doubts as to whether NFLX's cash burn really is going to peak this year, as the company has predicted.Netflix's new series, Stranger Things is breaking viewership records, so Netflix will have no excuse if its outlook for U.S. subscribers, in particular, is subpar.If $15 billion of content spending just this year can't drive subscriber growth, the question becomes: what can? If investors and analysts are asking that question, that's bad news for Netflix stock. The Competitive ThreatThat's doubly true right now because more competition is on the way. Right now, Netflix's key competitors are Hulu, majority owned by Disney (NYSE:DIS), and Amazon.com (NASDAQ:AMZN). Neither rival has developed a service with the breadth and depth of Netflix. * 7 Stocks to Buy for Monster Growth in the Second Half of 2019 That's going to change. Disney's streaming service is coming later this year. AT&T (NYSE:T), through its WarnerMedia unit, will roll out the newly named "HBO Max" next year. It's backing that launch by taking back Friends, Netflix's 2 show. NBCUniversal, a Comcast (NASDAQ:CMCSA) unit, has its own streaming plans as well.Ahead of the Disney launch, in particular, two very different narratives can emerge from Netflix's earnings. Another big subscriber beat would suggest that Netflix might be too big for its competitors to budge, particularly among higher-income U.S. consumers. If it misses average expectations,the foundation under NFLX stock would start to crack. Investors would start questioning the company's outlook,Among the questions that would be asked: Are consumers waiting for Disney+? Do cable operators have more heft among older consumers than investors realized? If Netflix's U.S. adds are slowing ahead of this competition, will NFLX start losing American subscribers when the new competitors arrive? Netflix Stock Will MoveAll told, the Q2 results will probably be important for Netflix stock. Interestingly, the options market reflects that view. NFLX options that expire next week currently price in about a 7.5% move by NFLX stock. That's a reasonably high figure for a $150 billion market cap stock.Honestly, Netflix stock might move more than 7.5% in the wake of its results. This report is going to be dissected because Netflix is about to enter a key stretch. It has to manage its new competition. It has to at least start trimming its free cash flow losses. Its road to subscriber growth in the U.S. will get incrementally more difficult simply because its existing reach is so large.All told, I'd expect fireworks from Netflix stock next week and beyond. Wednesday's report could set the direction of NFLX stock for months to come.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell for an Economic Slowdown * 7 Marijuana Penny Stocks That I May Buy * 7 of The Best Schwab ETFs for Low Fees The post Upcoming Earnings Look Huge for Netflix Stock appeared first on InvestorPlace.

  • 3 Stocks Analysts are Upgrading Now
    TipRanks4 days ago

    3 Stocks Analysts are Upgrading Now

    Looking at the nuts and bolts of a rising stock can be an interesting exercise for investors. Stock upgrades are the new opportunities that Wall Street's top analysts believe will bring the profits in coming months.We've used TipRanks Daily Analyst Ratings to find the latest upgrades, and sorted through them for the most compelling buys. Their situations vary, as do the reasons given by the analysts for their improved stock ratings. But all show plenty of reason for optimism, and that makes them stand out in any market environment. Comcast Corporation (CMCSA)With the rapid rise of online streaming, you might not look at the cable company as your first choice for a go-to investment. But Comcast is here to prove you wrong. The largest company on this list, with a market cap of nearly $200 billion, Comcast also has the strongest rating and the highest potential upside. This is based on its position as the world’s second largest cable television provider and broadcasting company, and the largest cable and internet provider in the US market. Comcast is also the US’ third largest provider of residential landline telephone service. In short, it’s not just the cable company, it’s a telecommunications behemoth with firm position in a profitable business.All of that lies behind Goldman Sachs analyst Brett Feldman’s decision, on July 10, to publish an upgrade to CMCSA’s status, moving the stock from neutral to buy, and boosting the price target 22% to $54. Supporting his upgrade, Feldman cites “the solid fundamentals, management’s financial flexibility, and upside from an attractive entry point.” Put simply, CMCSA is a fairly cheap cash cow.Feldman was not the only analyst to give Comcast an improved outlook. Two weeks earlier, Pivotal’s Jeffery Wlodarczak also raised his price target to $54. In his comments, Wlodarczak said, “We view the current 12.4X ’20 free cash flow multiple for Comcast stock as quite attractive for an operator that controls the likely dominant fixed way most consumers/businesses will access the Internet for the foreseeable future.” The $54 price target suggests an impressive upside of 23% for this stock.Shares in Comcast are, as Feldman noted, priced attractively. At $43, the stock is relatively cheap. The average price target, $49, indicates 13% potential on the upside. And with 9 buys and 2 holds given it in the last three months, CMCSA gets a strong buy rating from the analyst consensus.View CMCSA Price Target & Analyst Ratings Detail Six Flags Entertainment Corporation (SIX)Here's a wow! factor for you: Six Flags just got three upgrades in a row. This rarely happens; it's the market equivalent of being dealt a full house in five card draw. Drilling down, we can learn why the amusement park leader is surging in the market.Few industries are more seasonal than amusement parks, as is obvious from a look at Six Flags’ quarterly earnings history:Six Flags (SIX) Quarterly Earnings CalendarThe pattern is immediately clear: SIX reports losses in its fiscal first quarter, which encompasses the winter months when parks close down for weather and maintenance, rises rapidly through the summer and fall when park attendance and profits peak, and drops again in fiscal Q4. SIX will be reporting its Q2 earnings on July 24, and is expected to post an EPS of $1. In the previous quarter, despite the operating loss, SIX beat the expectations by 4.6%; that is, the parks did not lose as much as expected.Heading into the earnings report, SIX has certain advantages: positive results from capital spending in the Membership 2.0 program, and good news on international expansion. According to Wedbush’s James Hardiman, “While none of these are a sure thing, any of them likely results in meaningful upside to SIX shares, particularly given the sell-off of the past year that has resulted in a discounted valuation with respect to the sizable dividend.”The dividend noted by Hardiman yields a robust 6.15%; at the stock’s $53 valuation, the payout is $3.28 annually. Considering SIX’s background, share price, and dividend, Hardiman upgraded his rating on the stock from neutral to buy, as he expects it will outperform the market in coming months. His price target, $62, suggests upside growth of 16%.Writing from Wells Fargo, Timothy Conder also upgraded his rating on SIX. Conder says of the stock, “Modest multiple re-expansion will come from potential upside catalysts of improved weather entering July-August months, upward Street revisions to China and improved understanding of tax related cash flow.” Conder adds that “Capital expenditure expensing combined with the ability to keep prior accelerated depreciation will minimize cash taxes to a greater degree than previously assumed.”In line with his bullish outlook, Conder gives SIX a price target of $56. At just 5%, the upside is modest, but Conder sees the real value of the stock in the potential for Six Flags to increase its already generous dividend and boost share price through repurchases over the next five years. SIX shares hold a strong buy rating from the analyst consensus, based on 5 buys and 1 hold given over the last three months. The average price target indicates a possible 11% upside to the current trading price of $53.View SIX Price Target & Analyst Ratings Detail elf Beauty, Inc. (ELF)At first glance, a discount cosmetic supplier catering to teens and young adults – and one with a 20% downside based on the share price and average price target – probably doesn’t seem like a good candidate for an upgrade. But simple share prices and targets don’t tell the whole story. Retail numbers play a major role in the consumer goods sector, and that is where elf Beauty just got a major boost.The analysts have noted improved retail numbers for ELF in recent days, and have revised their projections accordingly. At the same time, investors have noticed the improved outlook, and the stock’s share price has gained 19%, pushing it right through the now-outdated price target.The first analyst revision came from Andrea Faria Teixeira, of J.P. Morgan. On July 9, Teixeira noted that, “According to Nielsen data, which tracks against more than 2/3 of the company’s sales, consumption of ELF’s products increased +9.0% YOY in the 12 weeks ending 6/29/19, which is significantly ahead of the - 4% to - 8% decline [in] the company’s original guidance.” In line with this, she raised her outlook from neutral to overweight (equivalent to buy) and set a price target of $17. Her target may have been too low, as the stock’s gain since her upgrade has pushed the share price right up to it.DA Davidson’s Linda Bolton Weiser had already rated ELF a buy, but with the retail performance news, she bumped her price target up by 18%, to $19. She backed her higher target with the retail data, which showed that “sales … increased 14.6% in the final week of June and 13.6% in the 4 weeks ended on June 30th relative to last year, a vast improvement from the 1.8% decline registered for 2018.” Weiser’s new price target suggests room for a 12% upside to ELF shares.ELF is an excellent example of a stock in transition. The company just reported good sales figures, the analysts have done their part to disseminate it, and investors are acting accordingly – but the average data still reflects last week’s conditions, and the old price target of $13.50 would suggest a 20% downside. The current share price, $16.95, reflects buying activity from the past two days, after the sales numbers went public.The analyst consensus reflects the same, with 3 buys, 4 holds, and 1 sell giving ELF a moderate buy. The next few days will show if the stock’s new conditions will hold up, or if the analysts were too optimistic.View ELF Price Target & Analyst Ratings DetailFundamental strength, seasonal earnings gains, and unexpected sales success – the reasons for a stock upgrade are never predictable, but always logical in hindsight.Visit TipRanks’ Daily Analyst Ratings to find more hot stocks that are trending now. Cover image source

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