|Bid||134.87 x 1000|
|Ask||135.18 x 900|
|Day's Range||133.83 - 135.50|
|52 Week Range||100.35 - 147.15|
|Beta (3Y Monthly)||0.72|
|PE Ratio (TTM)||17.41|
|Earnings Date||Nov 6, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||1.76 (1.32%)|
|1y Target Est||152.55|
Liberal password sharing has gone hand-in-hand with the advent of subscription-based streaming services, and up to now, many companies haven’t been too bothered by who paying customers share their logins with. Disney, whose forthcoming streaming service Disney+ has already established itself as the single greatest existential threat against Netflix, given the sheer amount of desirable content the service will have, is reportedly going to crack down on streaming account sharing with help from its buddy in the cable industry. On Aug. 16, Disney struck a deal with Charter, the nation’s second-biggest cable company.
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This Disney warrior is at the center of a real-life battleground. Chinese-born American actress Crystal Liu Yifei, who plays “Mulan” in Disney’s (DIS) upcoming live-action remake of the 1998 animated film, has spurred calls to boycott the new movie after posting her support for Hong Kong riot police on Chinese social media site Weibo. ‘I support Hong Kong’s police, you can beat me up now.
Ewan McGregor is reportedly in talks to reprise his role as Obi-Wan Kenobi in yet another Disney+ Star Wars show.
Disney's Fort Wilderness Resort & Campground is slated to get some new upgrades to its horse barn and exterior amenities. The barn is part of an overall area that guests can visit, which includes pony rides, shops and dining, as well as access to other nearby entertainment. "The equine residents of both the Pony Farm and Tri-Circle-D Ranch are set to receive a beautiful new barn," said Jennifer Fickley-Baker, editorial content manager with Walt Disney World, via the Disney Parks Blog.
Netflix (NASDAQ:NFLX) stock has slain many short sellers over the years. This was a direct result of its success in establishing a trend that is currently sweeping the globe. Even though Netflix stock is lagging the S&P 500 by ten points year-to-date, there is more upside in the stock from here. NFLX is a momentum stock that moves quickly -- blink and you miss it.Source: Shutterstock Thanks to Netflix, the entire world is now switching to delivering content over the internet. Streaming shows and news is now the preferred way to disseminate content. The days of cable are on their way out. In that, NFLX has the first-mover advantage so NFLX stock should continue to be a buy until most of the competitors that are currently chasing it, like Disney (NYSE:DIS), catch up and in a big way.Disney is the poster child of all companies that are chasing after NFLX, but in reality there are dozens of them. However, the addressable market is so large that there is room for all of them to prosper for the next decade. Even though Netflix management has had a few flubs, they recovered well from them, so this is a proven team.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, critics argue that they spend money like fools and they are right. NFLX's budget for content creation is astonishing. But for now, it's their ace in the pocket. The bullish thesis for Netflix stock, and the reason why Wall Street allows it to sell at such a high premium, is the fact that they use their content as a magnet to new subscribers. The global expansion is the large future reward for investors today. * 15 Growth Stocks to Buy for the Long Haul Buying NFLX stock here is not for the faint of heart. This is a stock that is very expensive. It sells at price-to-earnings ratio of 120 and 9 times sales. Moreover, there are armies of bearish experts constantly and publicly dissing the stock, which will continue to be a drag on it. How to Approach Netflix Stock TodayAlthough I am not a fan of their fundamental setup and its current format, I do see the future potential. NFLX still has some time left before it actually needs to dial back the spending. In other words, the top line has to grow fast enough to ameliorate the financial ratios and silence the critics much like Amazon (NASDAQ:AMZN) did a few years back.The Netflix stock chart also has clues. This week, the market fell off of cliffs and took NFLX with it to the point that it lost a short-term support level. In addition, it is now below the $300 per share number. This is always a psychological barrier, and to lose it without much fault of its own is disappointing.But a broken stock chart does not necessarily indicate a broken company, and that is the case here. Netflix is falling with the entire market because of a crisis of sentiment on Wall Street. We are amid a storm of geopolitical headlines and massive moves in the bond markets. These are gigantic and stocks in general go along for the ride.Netflix stock will find footing even though the bearish downside target from here could be as low as $260 per share. No, this is not a forecast but it's definitely a scenario that exists today.Since they don't ring bells, it's impossible to find a perfect entry point. If you already own NFLX shares and haven't sold them yet, don't do anything for the next few days and see what happens around this zone.If I'm looking for a long-term entry in NFLX stock, then it's useless to try to pick the absolute perfect tick to buy it. I can start a position and leave room to add to it overtime.Those looking to trade Netflix for the short-term should just use the charts and the trigger levels for that. There is no clear support level below, so the Thursday low is as good as any for a stop loss. On the upside, the $300 mark is the obvious pivot. But then there are several ones above that.The general pattern is a sharp descending wedge. Those usually end in a violent move. So as soon as there is a breakout from the descending trend line of lower-highs, that should invite momentum buyers. From there, I simply follow the levels one step at a time. * 7 Ways to Play Private Equity Without Being a Billionaire Trading actively during a storm of headlines is tricky. Most homework is held hostage to tweets, state media releases and Fed-head statements. So caution is more than warranted until we get relief on at least one of those fronts.For the long-term, the bullish thesis is still completely alive. We have full employment in the U.S., plus we have the commitment of the Federal reserve to cut rates, and the rest of the world is in full stimulus mode.Just yesterday we saw Mexico announce rate cuts. The European Central Bank also intends on adding to their stimulus there, so the whole world is committed to keeping this expansion going.These are uncertain times, so I suggest only risks what you can afford to lose. There's no shame in sitting this whole mess out. Cash is a position, especially when rates are so low.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 for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post The Bullish Thesis Behind Netflix Stock Is Still Strong appeared first on InvestorPlace.
Netflix will spend $15 billion on content this year alone—up from $12 billion last year. Some analysts started to sound the alarm about Netflix’s spending.
If Needham analyst Laura Martin is even only vaguely right about Walt Disney (NYSE:DIS), investors may want to step into DIS stock sooner rather than later.Source: Shutterstock Martin's exact words, posted in her note tom nvestors on Wednesday were : "We project DIS will win (and NFLX lose) the U.S. SVOD [subscription video on demand] battle."Martin went on to explain that "U.S. consumers have shown a reluctance to add to their three SVOD services. This implies that DIS's projected 20 million to 30 million U.S. subs [subscriptions] by 2024 will mostly come from Netflix's (NASDAQ:NFLX) 60 million U.S. subs."InvestorPlace - Stock Market News, Stock Advice & Trading TipsIndeed, the launch of Disney's robust streaming package in November could cause serious trouble for Netflix . Although Netflix's expected subscriber losses won't inherently translate into added profits for Walt Disney, the stock market may reward DIS stock all the same. * 10 Cheap Dividend Stocks to Load Up On And even if Disney's upcoming on-demand video package isn't wildly successful initially, it could set the stage for growth that could meaningfully boost Disney's bottom line in time. What Martin SaidAs Martin, the Needham analyst, noted, consumers are seemingly more likely to ditch one streaming-video service and replace it with another than to simply tack on more services.There's evidence to support the theory. One layer of evidence surfaced in May, when Hub Research determined that 24% of consumers felt they already subscribe to too many streaming options. A year ago, the figure was 14%, meaning that the trend is working against Netflix, and in some regards even working against Walt Disney and DIS stock. And there's no conclusive evidence that as many as half of Netflix's current U.S. subscribers will cancel their service after DIS launches its competing offering.Still, over one-third of the people surveyed by Hub Research conceded they would cancel one of their streaming video subscriptions if they chose to sign up for another. That bodes badly for Netflix stock.Additionally, Deloitte determined from data compiled in one of its recent surveys that 47% of U.S. consumers are frustrated by the expanding number of video-streaming services they feel like they have to sign up for in order to watch the programming they want.DIS is hoping to exploit that situation with a value-priced, quality-packed suite of options. Walt Disney to Offer ChoicesDIS has already revealed a piece of its penetration strategy that should make Netflix as well as players like Amazon.com (NASDAQ:AMZN) nervous. That is, DIS plans to offer consumers a choice.Disney's ESPN+ is already a standalone option, offering sports fans access to a great deal of sports at a price of only $4.99 per month. Hulu, now mostly owned by Disney, is available for $5.99 per month with ads or $11.99 per month for the ad-free version. Disney+, set to launch in November, will cost $6.99 per month. All three aforementioned services from Walt Disney -- ESPN+, Disney+ and Hulu -- will be offered as a bundle for $12.99 per month.Netflix, for comparison, starts at $8.99 per month for a package that's fairly limited. To watch the company's content on more than one device and in high definition costs a minimum of $12.99 per month.Although some consumers will pay for both video-streaming services, many will choose just one based on content quality and quantity.Netflix has a great deal of high-quality content but with franchises like Star Wars and Marvel plus all of Fox's and NBC's content, DIS is clearly going to be a contender as well. The Bottom Line on DIS StockThe concept of winning and losing in the video-streaming space isn't nearly as black and white as Needham's Martin made it out to be. She went on to explain that Disney's streaming options would provide Netflix with fierce competition, rather than vanquishing it. Moreover, she believes that NFLX is only vulnerable to DIS in the U.S. Netflix now does more business overseas, where Walt Disney doesn't appear ready to compete with a differentiated service.Still, the revenue generated by Disney's streaming platform could provide DIS stock with a positive catalyst, particularly if it takes a bite out of Netflix's dominance. Investors love late-bloomer stories as much as they love pioneers.As a result, the owners of Disney stock may not care if Disney+ doesn't turn an actual profit for years.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. 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 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Any Dent Disney+ Makes in Netflix's Dominance Could Pump Up DIS Stock appeared first on InvestorPlace.
Disney (DIS) and Charter Communications extend a multi-year distribution agreement to feature TV content of the former on the latter's Spectrum network.
Netflix (NASDAQ:NFLX) stock has fallen as forces from both within and outside of the company weigh on the equity. The streaming giant has long benefited from a strategic vision that created and bolstered its industry. This has led to gains for NFLX stock of nearly 300 fold since its 2002 IPO.Source: Riccosta / Shutterstock.com However, this industry has now become more crowded. Netflix, once on the cutting edge of the streaming content industry, now struggles to remain relevant in the business that it created. Between the rising burden of content costs and the overall stock market pointing to a possible recession, Netflix stock appears poised to keep falling. The Long Honeymoon for NFLX Stock Has EndedIn a recent article on Netflix stock before it reported earnings, I urged investors to turn cautious due to the company's increased competition. Soon after, a disappointing report took NFLX down by about 10.3% in the following trading session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIts last earnings release saw it fall, but not because of earnings. Profits actually exceeded Wall Street estimates. It lost value due to the slowing rate of subscriber growth. The company reported 2.7 million added subscriptions when Wall Street had predicted an increase of 5 million. * 10 Cheap Dividend Stocks to Load Up On Subscriber growth will likely continue to suffer. With Disney (NYSE:DIS) starting its own streaming service, many of the site's popular programs transition from company asset to competition. Moreover, Netflix stock faces a growing threat from peers such as Amazon's (NASDAQ:AMZN) Prime Video, a new offering from Apple (NASDAQ:AAPL), AT&T's (NYSE:T) WarnerMedia and the streaming service from Comcast (NASDAQ:CMCSA).For years, Netflix stock commanded a premium valuation because it dominated the streaming industry it created. This decimated not only the video rental industry but also pay-TV. Now that the pay-TV outlets have established their own streaming platforms, Netflix's long honeymoon looks set to end.How much further this will bring Netflix stock down remains unclear. From a growth standpoint, this is not a case of a stock going from good to bad, but merely from great to very good. The forward price-to-earnings ratio has fallen to around 52. Profit estimates fell after the latest earnings report. Still, Wall Street forecasts 22% earnings growth this year and 73% next year. I have trouble labeling that valuation as "high" given these profit increases. Competitors Are Not the Only Threat to NFLXHowever, I see multiple compression continuing for other reasons besides the competition. The inverted yield curve that led to a recent market selloff points to a recession. This has served as a reliable indicator for decades. Investors have little tolerance for equities with high multiples in such trading environments.Furthermore, Netflix stock only remains profitable from a certain point of view. Massive content spending has made a key financial statement more like an "un-balance" sheet. The company spent $10.5 billion on original content over the last year. This is nothing new. However, in the previous year alone, long-term debt rose from $8.34 billion to $12.59 billion.This poses a tremendous burden on a company with only $6.11 billion in book value. Sadly, despite all of this spending, its original content budget remains smaller than that of Disney, NBCUniversal, and WarnerMedia.Deep-pocketed companies such as Disney and Apple can maintain this pace more easily than Netflix. Moreover, the falling stock price could lead the company to dilute Netflix stock more quickly to shore up its balance sheet. Given these pressures, I see only reasons to sell at these levels. Final Thoughts on Netflix StockIncreasing competition and pressure to spend on content will likely lead to more multiple compression for Netflix stock. The company continues to maintain high levels of revenue and profit growth. However, the company's rising peers have hurt Netflix in a more fundamental way. Rising debt levels indicate that Netflix may lose its ability to maintain the current pace of content spending. Despite expending $10.5 billion on original content, it lags behind many of its competitors.Moreover, the elevated stock price could lead investors to forget that Netflix is a $6.11 billion company with a $129 billion market cap. This points to a tremendous incentive to dilute Netflix stock to address the company's $12.59 billion in long-term debt.I expect Netflix to maintain a healthy growth rate as a company. However, NFLX stock looks poised to bear the costs of that growth. I recommend getting out now before these costs increase further.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 * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Sell Netflix Stock for What's Becoming An 'Un-Balance' Sheet appeared first on InvestorPlace.
For those who are invested in or monitor AT&T (NYSE:T) stock, here are few interesting facts to chew on: For the first time since early 2017 -- more than two and a half years ago -- T stock's 20-day and 50-day moving averages are both solidly above the 200-day moving average. Want more? For the first time since 2016, all three of those moving averages are also sloping upward.Source: Shutterstock In other words, in 2019, T stock's 20-day moving average has broken above its 50-day moving average, both of those moving averages have broken above the 200-day moving average, and all three of those moving averages also have a positive slope. The last time a breakout like this happened? Early 2016. Then what happened to the AT&T stock price? The shares rallied from under $35 to nearly $45 -- essentially the biggest upward move this stock has made in the past decade.This is no coincidence. The fundamentals agree with the technicals here. Both are saying that AT&T stock appears to be in the early stages of a huge breakout rally which could materialize over the next 12 to 24 months.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs such, now seems like a good time to load up on T stock ahead of this breakout rally. Here's a deeper look. 5G Boom will Meaningfully Improve Wireless OperationsThe breakout bull thesis in AT&T stock rests on two big catalysts. The first of those catalysts is the forthcoming widespread roll-out of 5G connectivity. * 15 Growth Stocks to Buy for the Long Haul 5G promises to change the internet-connected world as we know it. On one hand, it's way faster and way better, so everybody and their best friend is going to want to upgrade to 5G connectivity -- and will be willing to pay up for that connectivity. On the other hand, it's so much better that it will enable an entire new generation of internet-connected devices, and the expand the capability of those devices.With respect to AT&T, 5G will do two critical things. One, it will increase AT&T's pricing power and yield higher revenue per connection. Two, it will increase the number of connected devices on AT&T's network. Higher revenue per connection plus more connections equals more revenue … and at higher margins, too.The 5G roll-out will take time, meaning this isn't a one-year tailwind. This is a multi-year tailwind. Over the next several years, then, AT&T's wireless business will benefit from improved revenue and margin trends -- and ultimately produce more profits than ever before. Those record profits will help spark a breakout rally in T stock over the next several quarters. Streaming Pivot will Meaningfully Improve Wired OperationsThe second of the big catalysts which should spark a big breakout rally in AT&T stock is that the company will finally embark on a viable streaming strategy in 2020.AT&T's forays into the streaming world to-date have not been all that successful. The company had DirecTV NOW, but that service has been losing subs over the past several quarters. HBO NOW and HBO GO have had some success, but each lacks the breadth of content necessary to become huge streaming services.In 2020, though, AT&T is set to finally make noise in the streaming market. Specifically, AT&T is launching HBO Max in Spring 2020. Here's how to think about this: HBO Max is to AT&T, what Disney+ is to Disney (NYSE:DIS). That is, HBO Max is AT&T's all-in-one streaming service which could help this company finally move past cord cutting headwinds. * 7 Safe Dividend Stocks for Investors to Buy Right Now Just consider all the content that HBO Max will reportedly have - all the HBO shows like Game of Thrones and Pretty Little Liars; classic shows which AT&T now owns thanks to the Time Warner acquisition, like Friends and Fresh Prince of Bel Air; premium cable programming from Cinemax; DC Universe movies; and additional content from consumer favorite channels like CNN, TNT, TBS, trueTV, The CW, Cartoon Network, Adult Swim, etc.In other words, thanks to the Time Warner acquisition, AT&T has amassed a content war-chest which is among the biggest, widest, and best in the industry. They are putting all that content into one streaming platform, and that streaming platform is set to launch next year.Will it have big demand? Probably. And that big demand should help turn the narrative around here, from a negative cord-cutting narrative, to a positive subscriber growth narrative. That narrative pivot should help push T stock higher over the next few quarters. Bottom Line on T StockAT&T stock has been a sluggish stock for several years. But, two big catalysts -- the 5G boom and an aggressive streaming pivot -- should breathe life back into this stock over the next 12 to 24 months.Indeed, the technicals are hinting that T stock is in the beginning stages of a multi-quarter breakout rally. The fundamentals will confirm this breakout over the next few quarters.As such, now looks like a good time to get bullish on T stock.As of this writing, Luke Lango was long T and DIS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks Under $5 to Buy for Fall * 5 Stocks to Avoid Amid the Ongoing Trade War * 7 5G Stocks to Buy Now for the Future The post It Looks Like 2 Big Catalysts are in Place to Spark an AT&T Stock Breakout appeared first on InvestorPlace.
Disney and Charter have agreed on a distribution deal to carry the ACC Network, but there's still coverage gaps in Atlanta.
The Walt Disney Co. and Charter Communications Inc. have signed a distribution agreement for Charter to continue to carry Disney’s sports, news and entertainment content to Spectrum customers.
The Federal Communications Commission on Thursday said Walt Disney Co's ABC unit has agreed to pay a $395,000 civil penalty after an October 2018 episode of "Jimmy Kimmel Live!" used a simulated wireless alert tone. AMC Networks separately agreed to pay a $104,000 fine for using an alert tone in a February 2019 episode of the "The Walking Dead." The commission handed down smaller fines to Discovery's Animal Planet and Meruelo Radio Holdings for other violations. The use of emergency alert system or wireless emergency alert tones are barred by FCC rules "to avoid confusion when the tones are used, alert fatigue among listeners, and false activation of the system by the operative data elements contained in the alert tones," the agency said.
With “Frozen 2” and “Star Wars: The Rise of Skywalker” still to come, the studio could push the bar even higher before the year is out.
Walt Disney World is 14 days away from the opening of Star Wars: Galaxy's Edge land at Disney's Hollywood Studios theme park in Orlando. The new land, which will welcome guests starting Aug. 29, has become a example of what Disney's Imagineering can do when given a popular intellectual property and challenged to bring a world to life. It's also been one of Disney's more marketed lands in all media aspects to try and generate buzz for the upcoming attraction.
As demonstrations in Hong Kong enter their 11th week, a political crisis triggered by opposition to an extradition bill is threatening to become an economic one for Asia’s financial hub.
This week, Viacom (VIAB) and CBS (CBS) agreed to merge to form a new media entity, ViacomCBS. That merger could affect Netflix in several ways. With their merger, Viacom and CBS aim to become a major player in the video streaming market. Viacom CEO Bob Bakish, who is set to lead ViacomCBS, said in an […]
As I trudged across Disneyland, spent and emotional, a thought came to mind: maybe this magical kingdom was wasted on the young? My six-year-old daughter — who falls into the latter category — had a grand time this summer during our Disney visit in southern California.