|Bid||111.69 x 800|
|Ask||111.82 x 3000|
|Day's Range||110.11 - 112.62|
|52 Week Range||96.20 - 113.19|
|PE Ratio (TTM)||14.88|
|Earnings Date||Aug 7, 2018|
|Forward Dividend & Yield||1.68 (1.60%)|
|1y Target Est||116.29|
While Wall Street remains overwhelmingly positive on Netflix and its role in video streaming globally, the numbers did raise question marks over future growth and six brokerages cut their price targets on the company's shares. "The quarter is a reminder that Netflix’s cadence of net adds is not linear, but lumpy in nature," said Justin Patterson, an analyst with Raymond James and Associates in San Francisco, while pointing to the absence of a new hit series as a driver.
The Walt Disney Company (DIS) is set to acquire most of the media and entertainment assets of Twenty-First Century Fox (FOXA). Disney’s half cash and half stock offer values Fox at $71.3 billion, which is better than Comcast’s (CMCSA) all-cash $65 billion proposal made last month just a few weeks before Disney’s bid.
The most noteworthy losers were Ford Motor (NYSE:F) and Chesapeake Energy (NYSE:CHK), which are noteworthy names, but not exactly heavy hitters. Most observers don’t recognize that on the first trading day of this week, decliners outnumbered advancers, and down volume outpaced up volume. To that end, Tuesday’s top trading prospects are stock charts of Walt Disney (NYSE:DIS), Eastman Chemical (NYSE:EMN) and Sealed Air (NYSE:SEE).
Last month, the board of Twenty-First Century Fox (FOXA) decided to go ahead with the Walt Disney Company’s (DIS) deal to sell most of its media and entertainment assets for $71.3 billion. The move has put rival bidder Comcast (CMCSA) under pressure to either hike its bid or move away from the deal. Disney initially made an all-stock bid of $52.4 billion in December 2017 and then raised its offer to $71.3 billion in cash and stock on June 20.
The Philadelphia-based media giant instead may focus its attention on acquiring a majority stake in Sky.
Netflix (NASDAQ:NFLX) is being beat like a drum after reporting its second-quarter earnings results. Expectations were high going into the report, given that shares have more than doubled so far this year. While Netflix earnings came in ahead of estimates, revenue missed the mark.
The Dow Jones Industrial Average has climbed back up over the 25,000 level. As a result, a number of big-cap Dow Jones stocks — outside of the technology sector that has been red hot for months — are perking up and looking ready to run higher. The company will next report results on July 25, with analysts looking for earnings of $3.40 per share on revenues of $23.9 billion.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains dives into the current state of sports betting in the U.S. after daily fantasy sports power FanDuel opened its first sportsbook over the weekend. The conversation then shifts to the continued rise of esports and their importance to media companies after Disney's (DIS) big announcement last week.
For the first time, Walt Disney Co. spelled out for investors that 21st Century Fox Inc. may choose not to increase its takeover offer for British broadcaster Sky Plc. The revelation boosted speculation that Disney and Comcast Corp. may carve up Rupert Murdoch’s media empire, with Comcast possibly taking control of U.K. pay-TV operator Sky while Disney acquires Fox’s media assets. “There’s a perfectly logical scenario where Disney gets Fox and now Comcast gets Sky, simply because the consequences of paying a huge amount for companies are very unpleasant,” said Claire Enders, founder of media research firm Enders Analysis, by phone.
Bernie Sanders is holding a get-together tonight (July 16), but he’s still waiting for a few RSVPs. Sanders, the relentless independent and leftist senator from Vermont, and a former presidential candidate who is expected to run again in the 2020 election, will live-stream via Facebook a town hall he has dubbed “CEOs vs Workers.” It…
Credit Suisse analyst Douglas Mitchelson on July 11 initiated coverage on a slew of telecom and media stocks A theme central to all of the ratings was “convergence” between the two sectors — which companies are well-positioned and how are they going about it. AT&T Inc. (NYSE: T) initiated at Underperform, price target $29. Verizon Communications Inc. (NYSE: VZ) initiated at Outperform, price target $58.
Disney fended off Comcast's $66 billion all-cash challenge to its deal for the Fox assets last month by sweetening its offer to $71 billion in cash-and-stock. Time is running out for Comcast to come back with a new offer, with Fox shareholders scheduled to vote on the Disney deal on July 27.