|Bid||42.34 x 800|
|Ask||42.40 x 39400|
|Day's Range||41.70 - 42.49|
|52 Week Range||32.08 - 43.96|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||16.03|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||0.84 (2.05%)|
|1y Target Est||47.52|
“Shark Tank” star Kevin O’Leary knows how startup businesses succeed — or fail. Most businesses make it past that crucial first year by finding investors while controlling costs tooth and nail. If only retirement investment advice had that same approach.
Disney and Comcast are near buy points after holding up well in the stock market correction. Cadence Design Systems, Estee Lauder and TransDigm also are near breakouts from shallow bases.
climbed 1.5% to $42.30 Friday after Rosenblatt Securities initiated coverage of the cable and media giant with a buy rating and a $50 price target. McTernan said that Comcast has grown total broadband subscribers over the past five years by about 1.5 million, benefiting from end market growth and taking share from DSL operators. "We think the company still has substantial growth in front of them over the next five years, although at a slower pace relative to the past five years," McTernan wrote.
Until April, Disney (NYSE:DIS) shares hadn't done much of anything for some time. In fact, the Disney stock price had been rangebound for nearly four full years. Over that period, the equity traded mostly between $100 and $120.Source: Shutterstock One of the key factors keeping a lid on DIS stock was ESPN. Fears about "cord-cutting" began to mount. Moreover, with ESPN networks receiving something like $9 per month per subscriber from cable and satellite operators, the risk to revenue and profits was obvious.Meanwhile, Disney's Cable Networks segment -- driven mostly by ESPN -- generated 46% of the company's total profit in fiscal year 2015. The importance of ESPN to overall profits, and the risks it faced created a serious issue for Disney stock, as I wrote back in 2017. And that issue clearly kept many investors on the sidelines and prevented the Disney stock price from rising.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 High-Quality Cheap Stocks to Buy With $10 DIS stock did break out in April, when the company announced plans for its Disney+ streaming service. Disney stock gained 20% in a matter of weeks. But it has since returned to trading sideways. Even with streaming, ESPN remains an important part of the story here. And it's likely to become a point of investor focus again at some point in the future. ESPN StrugglesCable Networks operating income peaked at $6.79 billion in fiscal 2015. Since then, it has fallen steadily. Profits fell 12% in FY2016, 10% the following year, and 4% in FY2018.The news has been better this fiscal year, with just a 1% decline in the first two quarters. This includes a 2% increase in Q2. Still, the pressure has been significant: the Cable Networks segment alone has lost nearly $1.7 billion in profit over the past fourteen quarters, a 25% decline.Most of the pressure likely is coming from ESPN. The subscriber base for ESPN and ESPN2 has shed 12 million subs since FY2011. The Disney Channel has seen subscriber losses domestically but has grown its international reach by nearly 50% over that stretch. Freeform, a unit of Disney Media Networks, likely contributes a small amount of total revenue.What's worrisome, even with decent results so far this year, is that the pressure is likely to accelerate. ESPN+, the network's streaming option, is priced at just $4.99 per month: that's likely about half the company's affiliate fees from companies such as Comcast (NASDAQ:CMCSA), and DISH Network (NASDAQ:DISH). Those affiliate fees are going to be renegotiated in coming years. Furthermore, ESPN faces an uphill battle attempting to get more money out of cable companies dealing with their own subscriber issues.Advertising revenues are falling as well, along with viewership. Cable Networks ad sales dropped 6% in fiscal 2018, per the 10-K. Both revenue streams are at risk, which means ESPN profits are likely to keep declining. ESPN (Still) Matters to the Disney Stock PriceThe good news is that ESPN is less important to Disney than it used to be. While Cable Networks generated 46% of profit in fiscal 2015, three years later the figure was just 33%. With the acquisition of assets from Twenty-First Century Fox, the proportion should shrink even further.Still, ESPN probably will drive something like 20% of total earnings this year, even pro forma for Fox. And those earnings -- as even CEO Bob Iger has admitted -- are going to see pressure in coming years. Disney will increase spending for Disney+ while also losing high-dollar licensing revenue from content it's pulling back from Netflix (NASDAQ:NFLX).Continued declines at ESPN will only add further pressure to the bottom line in the meantime. And those pressures matter from a valuation standpoint. Investors are not willing to pay much for media stocks. Valuations at AMC Networks (NASDAQ:AMCX), CBS (NYSE:CBS), and Viacom (NASDAQ:VIA, NASDAQ:VIAB) confirm this point.At 21-times FY2020 earnings-per-share estimates, DIS stock isn't exactly cheap. Given that a quarter of the business probably would be valued at maybe 10-times on their own, that in turn suggests the rest of the business is dearly valued. These segments also need to generate quite a bit of growth.To be sure, the parks and studio segments probably should be highly valued: they're hugely desirable businesses (the ability of Disney's parks to take pricing is astounding). But the implied values on those businesses suggest a limit on Disney's overall multiples. This also places a recurring lid on the Disney stock price. Will DIS Stock Stay Rangebound Again?And so, it seems possible, if not likely, that DIS stock could return to its rangebound ways. Streaming optimism is dominating the story now. It likely will continue to dominate the headlines once Disney+ officially launches later this year.But from there, investor attention probably returns to some of the currently less-covered aspects of the Disney story. Unfortunately, that includes ESPN. As we saw for years, that's not a great thing for DIS stock.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-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post Amid Streaming Optimism, ESPN Still a Major Concern for Disney Stock appeared first on InvestorPlace.
Pluto TV is expanding its free streaming television platform to Comcast’s Xfinity X1 set-top cable box.
Comcast Corporation will host a conference call with the financial community to discuss financial results for the second quarter on Thursday, July 25, 2019 at 8:30 a.m. Eastern Time .
Leaders and Achievers Scholarship Program Recognizes Students' Achievements Both In and Out of the Classroom HARTFORD, Conn. , June 12, 2019 /PRNewswire/ -- Comcast NBCUniversal today announced that it ...
I remember times when Netflix (NASDAQ:NFLX) hogged the headlines for weeks on end. These days, Wall Street is more preoccupied with cannabis stocks, or initial public offerings (IPOs) like Uber (NYSE:UBER) and, more recently, Beyond Meat (NASDAQ:BYND). While it's no longer in the limelight, NFLX stock is silently making moves in the background.Source: Shutterstock It has been consolidating for a long while. But the opportunity today is with the levels where this action is taking place.Netflix stock is trading inside a range to establish a base camp that could catapult shares of NFLX $100 higher. Yes, it could still make a move to the high $400 per share. This opportunity is technical, so I would label it as tactical with medium conviction. It is independent of the company's current value and its odds of long-term success.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSince March 2018, Netflix stock has used $335 per share area as a major pivot. A year ago, the bulls broke NFLX out of that pivot. But then the fall correction reversed that move and sent NFLX shates the other way into its December lows. * 7 U.S. Stocks to Buy With Limited Trade War Exposure Then NFLX bounced off the lows very sharply and has spent all of 2019 consolidating around the same $335 per share zone. This is not a hard line in the sand but rather a band where bulls and bears are fighting it out fiercely. The end result of this stalemate will be a big move but where the direction is still unknown.If the equities in general rally, I bet Netflix will break out from these clutches. The exciting part comes from the fact that this would be a bullish inverse head-and-shoulder pattern that would result in a $100 move. This would be the opposite pattern to the one that crashed the stock last October from almost the same zone.This year, the bulls are in control of the stock market. Yes, we've had our bearish stints but the bulls bought the dips. While sentiment is not perfect, especially since we have an ongoing trade dispute between the U.S. and China, the U.S. Fed is now on the side of equities.This recent swoon is a perfect example. When the S&P 500 fell on Trump's Mexicican tariff tweet, traders followed up that reaction with the best week of the year. The bears are unable to sustain the selling and that's why the stock market is are near all-time highs.This helps Netflix stock in deciding which way the move will go from this tight situation. If the near- to long-term price action trends higher, then NFLX stock is likely to break out. Once Netflix shares pass the last fail level, momentum buyers would come into play. Click to Enlarge This is still a momentum stock so when it catches a wind it accelerates in that direction. So then buying begets more buying. Those who chase it like to buy high and sell higher.There are short-term lines to know …Above $385 per share would be the best trigger for this move. But there will be resistances at $367 and $372. I know this sounds impossible, but as we've seen the rally in December, NFLX stock can move 40% in a matter of days.Conversely, below $332 per share would invite sellers so traders should set tight stops unless they plan on turning this trade into an investment. I prefer selling puts below current support to trade moves like this where the breakout is not guaranteed especially when we have so many geopolitical headline risk completely independent of NFLX itself.So what about its fundamentals? This is not a cheap stock. It sells at a 129 price to earnings ratio. But as long as it continues to be a growth stock investors need not judge its profitability. The bullish thesis on NFLX is that it has a massive addressable global market and that it's only begun to scratch the surface.The company has its critics and they are loud and proud. They offer excellent reasons to short it. NFLX spends too much on producing content. They also could have a problem with churn. Although they still have the first mover advantage, competition is nipping at their heels. Normally I wouldn't worry about that yet but this bunch scary potential foes.Disney (NYSE:DIS) is the closest to go head to head and it comes with major advantages. I worry that Netflix management doesn't give DIS enough respect. Every parent on the planet will want to subscribe to Disney's stream because every child on earth will demand it. Luckily for NFLX is that they are both cheap enough that parents may not need to choose between the two yet.Moreover, NFLX ace in the pocket is its content but it comes at a tremendous expense. So they borrow to feed the beast and luckily that rates are not going anywhere for a long while so that's not an imminent danger. But DIS already has content that people want and they do produce new versions much cheaper so they will be able to compete on margin if it comes to it.While I do sound like I am making an anti Netflix argument here, I am not. I do believe that NFLX needs a few miracles to go their way in the long term, here I see a potential rally that could deliver a ton of profits. So I set my alerts to chase it.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room free here. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for the Coming Recession * 10 Smart Dividend Stocks for the Rest of the Year * 5 Tech Stocks That Are Far Too Risky Right Now Compare Brokers The post Remember the Epic $100 December Rally in Netflix Stock? It's Coming Back appeared first on InvestorPlace.
The end of net neutrality was supposed to bring consumers better internet speeds and more broadband companies to choose from. It hasn't.
The U.S. cable and media conglomerate will invest about $1.27 billion (about 1 billion pounds) in Sky Studios programming over the next five years. "Chernobyl," a dramatization of the 1986 Soviet nuclear disaster, was one of Sky’s most-watched original productions and a catalyst for the new investment, according to sources familiar with the company. Sky Studios will produce content for Comcast subsidiaries NBC and Universal Pictures as well as other distributors hungry for programming.
Sky's exclusive airing rights to in-demand content have driven its success, but they face an uncertain future in the growing streaming wars.
Universal Orlando Resort provided a peek inside its new 750-room Surfside Inn & Suites on International Drive with a June 11 media preview. It is one of two hotels that make up Universal's Endless Summer Resort on the land of the former Wet 'n Wild water park, which closed in 2016. Check out the photo gallery above for a peek inside the Surfside resort The construction of resort is also one of the quickest turnarounds for the company – taking only three years from design concept to completion, said Russ Dagon, vice president and executive project director with Universal.
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.
Leaders and Achievers Scholarship Program Recognizes Students' Achievements Both In and Out of the Classroom TREVOSE, Pa. , June 12, 2019 /PRNewswire/ -- Comcast NBCUniversal today announced that it has ...
Hagrid’s Magical Creatures Motorbike Adventure — is something truly magical. The theme park giant, owned and operated by Philadelphia-based Comcast Corp. (Nasdaq: CMCSA), is set to debut the new coaster at the Wizarding World of Harry Potter — Hogsmeade at Islands of Adventure on June 13. Without too many spoilers, the general story is that guests join Hogwarts game keeper Rubeus Hagrid on a educational, and partially risky trip through the Forbidden Forest and ruins outside Hogwarts to see various magical creatures.
Cable companies like Comcast and Charter aren't interested in promo pricing their video subscriber services anymore.
Comcast Corp NASDAQ/NGS:CMCSAView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for CMCSA 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 CMCSA. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding CMCSA totaled $85.87 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ 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. CMCSA 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 firstname.lastname@example.org.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.
The BBC and Sky are both stepping up their efforts to counter the growing threat posed by the video streaming services of Netflix and Amazon. Sky, the European pay-TV and broadband provider that was bought by Comcast for just over £30bn last year, said on Wednesday that it would more than double its spending on original programmes to more than £1bn a year by 2024. Jeremy Darroch, Sky chief executive, called the move a “clear signal of Comcast’s belief in our commitment to producing the best original content in Europe”.
Zacks.com featured highlights include: Comcast, Enterprise Products, HealthEquity and Pioneer Natural
Walt Disney World is tapping into its animation roots to enhance what guests can do at its theme parks. The theme park announced part of its upgrades at Rafiki’s Planet Watch at Disney’s Animal Kingdom will include a new experience at the Conservation Station. The Animation Experience will allow guests to learn how animals inspired Walt Disney and his animators to make realistic characters in Disney films. Here's more from the Disney Parks Blog: Not all theme park experiences have to be rides to intrigue guests.