|Bid||42.12 x 1200|
|Ask||43.20 x 4000|
|Day's Range||42.50 - 43.15|
|52 Week Range||30.67 - 43.96|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||16.19|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||0.84 (1.93%)|
|1y Target Est||47.23|
NBC owned-and-operated Channel 5 looks to have benefited from a May in which political change was big news in Chicago.
Blockgraph is an industry initiative designed to create a secure way to use data and share information. Kalita leads Blockgraph’s engineering team and partners with leadership to build and drive the initiative’s blockchain-based platform, product development and overall strategy. FreeWheel, A Comcast Company (CMCSA), announced that it has appointed Utpal Kalita as chief technology officer and vice president, engineering, for Blockgraph, an industry initiative designed to create a secure way to use data and share information.
The Zacks Analyst Blog Highlights: Comcast, CommScope, j2 Global, Molina Healthcare and Lithia Motors
Zacks.com featured highlights include: Rent-A-Center, Comcast, Group 1 Automotive, CDW and Amdocs
Leaders and Achievers® Scholarship Program Recognizes Students' Achievements Both In and Out of the Classroom ANNAPOLIS, Md. , May 23, 2019 /PRNewswire/ -- Comcast NBCUniversal today announced that it ...
The Walt Disney Company (NYSE:DIS) continues to add to its attractions as it launches Star Wars Galaxy's Edge at its Disneyworld and Disneyland parks. The Parks and Resorts division has long served as Disney's strongest division regarding profit growth. Still, whether that will help Disney stock remains unclear. Over the last few years, the shares fell and then increased based on television, and now, the performance of its streaming services. Given recent historical patterns, streaming, and not theme parks, will continue to drive the DIS stock price.Source: Richard Stephenson via Flickr (Modified)For all of the talk about theme parks, media has long driven Disney shares. The steady increases that defined DIS stock for the first half of the decade came to an abrupt halt in 2015. Customers were dropping both the Disney Channel and ESPN en masse as they turned away from cable and satellite to TV to lower-cost streaming services.Things changed last month when the company announced a launch date for its streaming service, Disney+. But streaming for Disney is shaping up to be more than just Disney+ and ESPN+. The company picked up 10% more of Hulu from AT&T (NYSE:T). That boosted Disney's Hulu stake to 70% and with it came full control of the content and streaming platform per an agreement with co-owner Comcast (NASDAQ:CMCSA), which agreed to sell its 30% stake to Disney in five years.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 High-Yield REITs to Buy (Even When the Market Tanks) Nobody expects these streaming services to make up for the revenue lost from its declining subs from the Disney Channel and ESPN. In fact, profit estimates have fallen in recent weeks as the prospect of higher content costs weighs on DIS. Analysts now forecast that profits will fall by 7.2% this year and by 2% in 2020. Disney Stock Depends on Multiple ExpansionNonetheless, the challenge that Disney+ poses to Netflix (NASDAQ:NFLX) inspired a one-day 11.5% bump following the announcement. The DIS stock price has retreated modestly since that time. Still, with a Disney stock price of around $134 per share, the forward price-to-earnings (PE) ratio now stands at about 20.That's a problem. The five-year average PE comes in at around 18.8. Over the last 10 years, the average PE ratio on Disney stock has never reached above 22. The consensus price target now stands at $150 per share, with other estimates going as high as $170 per share. Reaching the $150 per share target would take the PE ratio to around 23.That represents an increase of just under 12% from current levels. Hence, traders need only see a modest move higher before Disney stock becomes a bet on multiple expansion.It could happen. At current prices, Netflix trades at just over 100 times forward earnings. And let's not forget about the mere announcement of the Disney+ launch that led to a massive one-day spike in Disney stock.I see this as a reasonable bet for current long-term holders of DIS. Given the success of the theme parks and franchises, profit growth will resume at some point. They have past profits and a higher dividend yield to rely on. However, new buyers face more of a gamble. If they do not get the needed multiple expansion, they might have to wait years before they turn a profit on Disney stock. Bottom Line on Disney StockTheme parks may drive Disney but in recent years, subscriber numbers have driven Disney stock. With the opening of the Star Wars-themed areas, one has to assume the Parks and Resorts division will continue to lead the company in revenue growth. Unfortunately, this has brought little benefit to holders of DIS stock. That trend will likely continue. * 7 Stocks to Buy for Over 20% Upside Potential DIS stagnated for years as cable-cutting led to smaller audiences for both the Disney Channel and ESPN. Now, it recently moved to record highs after the Disney+ announcement.Unfortunately, to move significantly higher, Disney stock will have to do something it has not done in decades -- trade at more than 22x earnings. Streaming media could drive multiple expansion. If it sustains itself above a 23x PE, DIS stock could move much higher. However, if traders balk, new investors could wait years before seeing a profit in DIS.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 * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post Historical Valuations Could Hamper Disney Stock Growth appeared first on InvestorPlace.
The entertainment giant didn't rank at all on the latest list, and a new survey shows customers' satisfaction is on the rise.
Walt Disney World's reign at the top of the theme park food chain continues, thanks to the help of its Pandora — The World of Avatar land that opened in summer 2017 at Disney's Animal Kingdom theme park. The study provides a peek at the potential attendance for theme parks like The Walt Disney Co. (NYSE: DIS) and Universal Parks & Resorts that do not publicly share their annual attendance. The study shows that Disney's Orlando parks welcomed a total of 58.2 million visitors last year, up 4.3% from 55.8 million in 2017.
Investors target stocks that have been on a bullish run lately. Stocks seeing price strength have a high chance of carrying the momentum forward.
Italy's antitrust regulator will impose a three-year ban on Sky's Italian unit from distributing exclusive contents on its online video-streaming service platform, it said on Wednesday. The move follows a deal between Sky Italia and Italy's biggest commercial broadcaster, Mediaset, which the regulator said would further limit competition in a market where Sky Italia is already a dominant player. Mediaset said last year it was selling its digital terrestrial pay-TV assets, known as R2, to Sky Italia as part of a broader content agreement between the two broadcasters.
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.
Update May 21, 2019, 5 p.m.: This story has been updated to reflect clarifications from Comcast that the device is not a smart speaker similar to Amazon's Echo device, and is "purpose-built to be a sensor that detects motion," that has no role beyond health, per a Comcast spokesperson. Comcast is working on a motion-sensor device for the home that would focus on improving users' health care, CNBC first reported Tuesday, citing two sources with direct knowledge of the project. The outlet, which is owned by Comcast (NASDAQ: CMCSA), initially reported 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.
Until FCC chair Ajit Pai spoke on May 20, Sprint (NYSE:S) stock had been stuck at $6 for over a year. That's because in April, 2018, T-Mobile (NASDAQ:TMUS) offered $6.62 per share to buy it. The all-stock deal was struck with T-Mobile at $64.52 per share. At the May 17 opening price of $75.38 for TMUS, the buyout is now worth $7.73 per share.Source: Shutterstock But none of that matters if the deal isn't done. Sprint was practically begging regulators to sign off on it in its latest quarterly report. On May 21 there are conflicting reports about the Department of Justice's attitude, some saying it's a yes, others a no.Pai's signal that he would support the merger S stock up more than 20% as trading opened yesterday, and it kept most of those gains, closing at $7.34. But T-Mobile also rose, so Sprint's value on May 21 is over $8 if the buyout goes through.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Sprint Without T-MobileSprint lost 189,000 postpaid subscribers during its most recent quarter, along with $2.17 billion, 53 cents per share. It's the kind of news most companies bury in a press release. Sprint highlighted it. * 7 Battery Stocks for High-Powered Gains Without T-Mobile, Sprint still generated $10.4 billion in operating cash flow during fiscal 2019, ending the year with over $7 billion in cash. Sprint also reduced its debt by $2 billion during the year, to $35.36 billion, against assets of $84.1 billion.The problem is that Sprint must invest heavily to justify its spectrum investment and prepare for 5G. The company spent nearly $5 billion on the network during the year, up from $3.3 billion, so total free cash flow for the year was negative $914 million.InvestorPlace's Chris Lau notes that this means the company's plan for installing smaller cells on phone poles instead of leased towers continues. Some 30,000 have been deployed so far, meaning 80% of its precious 2.5 MHz spectrum is now sectorized in this way.But most analysts are taking the company line that Sprint's prospects are grim unless the deal gets done. Comcast (NASDAQ:CMCSA), which has been selling WiFi-based mobile under its Xfinity brand, could step in, but probably at a lower price than T-Mobile is paying.Sprint made other mistakes during the last decade, going with WiMAX technology instead of LTE for 4G service, writing off $30 billion in shutting the old Nextel network, and sitting out the 600 MHz auction in 2016, leaving it without low-band spectrum.If the deal is cancelled, some see the stock going to $3. T-Mobile Without SprintWithout Sprint, T-Mobile still looks healthy. Its own quarterly report showed net additions of 1.7 million and net income of $908 million, $1.06 per share, on revenues of $11.08 billion. T-Mobile also cut its long-term debts during the year, from $12.1 to $10.95 billion, and reported positive free cash flow of $618 million.But many of T-Mobile's expansion plans have been frozen in place by the merger, whose deadline was extended again at the end of April. The Justice Department said only "the investigation continues" and merger opponents said the companies haven't shown it to be in the public interest.Odds that the deal goes through are now little more than 50-50 even though T-Mobile is already handing out big chunks of stock to executives in anticipation. Who Else?My guess is that, after a few drinks, you'll find AT&T (NYSE:T) and Verizon Communications (NYSE:VZ) lobbyists chortling over this. The failure of this merger to launch would leave them each holding one-third of the U.S. wireless market, a dominant position against two much-smaller rivals.On the other hand, if the deal is rejected a larger company, like Alphabet (NASDAQ:GOOGL) or Amazon (NASDAQ:AMZN), could decide Sprint is cheap at $12 billion, its market cap at $3 per share. That would make the phone giants choke on those chortles. Despite their size and financial strength compared with Sprint and T-Mobile, the phone giants are tiny next to the likes of FANG. * 7 Stocks to Buy for Over 20% Upside Potential But you can't invest in fantasy. I will stay away from Sprint until there's more clarity. The best news is clarity should come soon.Dana Blankenhorn http://www.danablankenhorn.com is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AAPL and AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post The Sprint Stock Rally Means Nothing With No T-Mobile Merger appeared first on InvestorPlace.
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.
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.