43.29 0.00 (0.00%)
After hours: 4:54PM EDT
|Bid||43.28 x 2900|
|Ask||43.29 x 21500|
|Day's Range||42.68 - 43.31|
|52 Week Range||30.67 - 43.96|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||16.40|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||0.84 (1.93%)|
|1y Target Est||47.23|
CNBCsources say the news site's parent company, Comcast, is developing a smart speaker focused on health. Comcast confirmed to Engadget that it's working on a device, but the company says the technology is solely a sensor to detect motion, not a gadget that's built to function as a smart speaker. Comcast also says there's no function for the device beyond health.
Navient was one of 15 local companies to make Fortune magazine’s list of the highest-grossing U.S. public companies and the only new entrant from this region.
Comcast is working on a smart speaker for the home that would focus on improving customers' health care, CNBC reported Tuesday, citing two sources with direct knowledge of the project. According to the outlet, which is owned by Comcast (NASDAQ: CMCSA), the Philadelphia-based media giant is in the midst of developing a device similar to Amazon's Echo or Google's Home line of devices, but with a few big differences. Instead of being able to ask for the definition of a word, to control a smart device or to set reminders, the device will work as a kind of guardian monitoring users' activities.
Comcast is working on an in-home device with a focus on health monitoring. Comcast is already in talks with hospitals about taking on shared savings — if it can keep people from expensive emergency room visits. Comcast is working on an in-home device to monitor people's health, and aims to begin pilot-testing it later this year.
DISH Network (DISH) to buy EchoStar's satellite services business that manages and provides broadcast satellite services in an all-stock deal.
It took a while, but Disney (NYSE:DIS) shares finally have moved. Disney stock traded sideways for nearly four years. But the launch of Disney+ last month sent the Disney soaring to new highs.Source: Baron Valium via FlickrAs it turns out, I was half-right. A week before the company announced the details of Disney+, I wrote that company's streaming move would shape the direction of DIS stock. I noted that if Disney, through its streaming efforts, could create even one-fourth of the value of Netflix (NASDAQ:NFLX), the Disney stock price would rise 20%.Both predictions turned out to be accurate. Of course, I also thought it would take years for Disney to prove the value of its streaming plans, and potentially for DIS stock to achieve those 20% gains. Instead, investors bought the plan immediately. Disney jumped over 11% on the first day, and it would take just a few more sessions to show that 20% increase.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy for Over 20% Upside Potential With those gains, however, the same problem arises: what moves DIS stock from here? CEO Bob Iger repeatedly has noted that earnings are going to take a hit from streaming in the near term. Even subscriber numbers likely won't be available until early next year. And the rest of the business is not performing well.Disney already has pulled back after the initial pop. I wouldn't be surprised if it returns to its rangebound ways for at least the rest of the year. Disney EarningsDIS didn't move much after earnings (adding 0.4% last week), which makes sense. For all the optimism about streaming, there are real challenges in the operating business which were highlighted in the fiscal second quarter report.Most notably, earnings per share fell 13% year-over-year on an adjusted basis. Revenue climbed 3% but all of the gains came from the assets acquired from Twenty-First Century Fox (NASDAQ:FOX,FOXA). Excluding a modest amount of revenue from Hulu, who was consolidated onto Disney's earnings during the quarter, Disney revenue actually fell year-over-year.To be sure, spending behind ESPN+ and, to a lesser extent, Hulu pressured earnings. But the story at the moment is largely what it was. Media Networks operating income declined again, according to figures from the 10-Q. That's even with affiliate fees (payments from cable and satellite operators) increasing 4%. Those fees will decline at some point as subscriber counts continue to fall and contracts are renegotiated.The Parks business continues to be solid, though attendance was a bit light (including a decline at the international parks). Studio Entertainment revenue and operating income fell, due to a tough comparison against a Star Wars release the year before.Those numbers likely will be much better in Q3 thanks to the blowout success of Avengers:Endgame, but the segment remains choppy, if generally headed in the right direction.Overall, the quarter tells the same story Disney has for some time. ESPN remains a big worry. The rest of the business is growing, but not necessarily spectacularly so. There's certainly nothing in recent results to change that story. Streaming and Disney StockIf the legacy business doesn't inflect, the question is whether the streaming opportunity can move the stock higher, at least in coming quarters. It seems somewhat unlikely, if only because there's unlikely be much in the way of news.We know what the plans are going to be. For the rest of this year, at least, the argument is going to be over what streaming profits look like not in 2020, but more importantly 2022 and 2025. Is Disney a real competitor, or at least a complement to, Netflix? Will new services from Comcast (NASDAQ:CMCSA) and AT&T (NYSE:T) unit WarnerMedia be a threat? Is Disney+ a plan for families or, given properties like Star Wars and the Marvel Universe, broad enough for everyone?The answers to those questions will take years to play out, but most investors likely have taken their positions at this point. Certainly, investors are optimistic. But bear in mind that Disney stock added $24 billion in market value in one day when the details of the streaming plans were announced. DIS now trades at over 20x next year's earnings.That's a multiple based on streaming growth, and the fact that FY20 profits will be depressed. Investments behind the streaming effort, as well as the loss of high-margin licensing revenue as Disney pulls its content from other distributors (including Netflix), are going to hit earnings next year.That's fine. An investor can't argue, as I have, that Netflix can grow into its valuation, but that Disney is too expensive at 22x FY20 earnings. But the catch with Disney stock is that if optimism towards streaming grows, it likely comes at a cost to near-term earnings. What Moves DIS Higher?If cord-cutting accelerates, making streaming more valuable, Disney's existing properties will take a hit in terms of both affiliate fees and advertising revenue. If it doesn't, it's tougher to make the argument that Disney+ is worth more than what's already baked into the Disney stock price.Longer-term, that problem may not matter. Even with the sideways trading of the last few years, Disney has been a terrific investment. That might continue. But it's going to take time. It's exceedingly difficult to see a positive catalyst for Disney stock before 2020 at the earliest. And so DIS may resume its old ways until the streaming service has a chance to drive even more optimism.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post Streaming Excitement Isn't Enough to Keep Boosting Disney Stock appeared first on InvestorPlace.
Zacks.com featured highlights include: Comcast, Quanta Services, Hub, Rocky Brands and Westlake Chemical
Charter or Comcast: Which Is the Best Pick in May?(Continued from Prior Part)Forward PE ratioOn May 16, Charter Communications (CHTR) was trading at a 12-month forward PE ratio of 39.18x, while Comcast’s (CMCSA) 12-month forward PE ratio was
Leaders and Achievers Scholarship Program Recognizes Students' Achievements Both In and Out of the Classroom TREVOSE, Pa. , May 20, 2019 /PRNewswire/ -- Comcast NBCUniversal today announced that it has ...
Charter or Comcast: Which Is the Best Pick in May?(Continued from Prior Part)Charter’s earnings trendIn the first quarter of 2019, Charter Communications (CHTR) posted adjusted EPS of $1.11 compared to $0.70 in the first quarter of 2018, which
In just four weeks, Universal Orlando Resort will debut its latest attraction set in the Harry Potter universe featuring Rubeus Hagrid, the larger-than-life Hogwarts gamekeeper. The new coaster, called Hagrid’s Magical Creatures Motorbike Adventure, has guests hopping onboard Hagrid's magical motorcycle and having close encounters with the many fantastical creatures in the Harry Potter universe. The ride is set to welcome its first riders June 13. Meanwhile, to keep fans on the edge of their seats, Universal shared a point-of-view ride on the new coaster: In addition, the theme park company shared new details on the ride's story and its creation.
Charter or Comcast: Which Is the Best Pick in May?(Continued from Prior Part)Charter’s revenue trendCharter Communications’ (CHTR) net revenues in the first quarter of 2019 were $11.2 billion compared to $10.7 billion in the first quarter of
Charter or Comcast: Which Is the Best Pick in May?Stock price movementsCharter Communications (CHTR) closed at $382.19 on May 16, which was 1.3% higher than its previous closing price, 47.3% higher than its 52-week low of $259.48, and 0.5% below its
This year, for the first time, the Business Times is introducing the Workplace Wellness Champion awards, honoring those who are working to advance the physical, mental and fiscal health of their employees and their families. Below, read about Loren Hudson, regional vice president of human resources, Comcast's Keystone Region: Loren Hudson is working hard to make sure that wellness permeates the culture at Comcast’s Keystone Region.
Take a look at the world's top 10 entertainment companies, spanning the movie, television, cable television, gaming, and streaming video sectors.
Major TV networks presented to advertisers this week at upfront presentations as they try to elbow out disruptors.