135.79 -0.11 (-0.08%)
After hours: 5:21PM EST
|Bid||136.03 x 1000|
|Ask||135.93 x 1000|
|Day's Range||135.00 - 137.73|
|52 Week Range||107.32 - 153.41|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||20.47|
|Earnings Date||Feb 02, 2020 - Feb 06, 2020|
|Forward Dividend & Yield||1.76 (1.26%)|
|Ex-Dividend Date||Dec 12, 2019|
|1y Target Est||157.76|
Berkshire Hathaway landed on millennials’ top 10 list of investments in the fourth quarter of 2019, according to new research.
A new coronavirus, 2019-nCoV, is starting to make its way across the world. The outbreak began at the end of 2019 in Wuhan, China; it has killed several dozen people, infected thousands more and spread to several countries, including the U.S., since then. Memories of the 2002-03 SARS and 2015 MERS outbreaks are popping back up - including on Wall Street, where several highly touted stock picks have been derailed by the health scare.It's no small worry. The SARS outbreak not only tallied 774 deaths across more than 8,000 cases over a six-month period, but helped knock China's GDP down from 11.1% in the first quarter of 2003 to 9.1% in the second quarter. Depending on the estimate, it removed between $40 billion to $100 billion from the world's economy.Like SARS, today's coronavirus outbreak also is happening at a troublesome time: the Chinese Lunar New Year. The heavy travel period is what helped spread SARS throughout Asia, and what could contribute to a faster spread of the coronavirus.This health issue is weighing on America's broader stock markets, but it's particularly cutting into a few specific industries where the financial strain is already being felt. If there's any silver lining, it's that, like with SARS, this could end up being an opportunity to buy otherwise high-quality stocks at a discount for a potential snap-back.Here, we look at eight stock picks that are being hampered by the coronavirus outbreak, but may eventually be attractive buy-the-dip prospects. SEE ALSO: The 20 Best Stocks to Buy for 2020
Walt Disney Co. has temporarily closed its Shanghai Disneyland park because of the outbreak of coronavirus in China.
There will be hats with furry ears, one stitched with the ticker symbol for (TSLA) and the other with (NFLX) We’ll sponsor a Little League team, not worry about its fundamentals, and insist it can go all the way. “We take a more bullish fundamental view on Tesla’s technology and cost lead in hardware & software,” he wrote, raising his price target from $160 to $410, versus the stock’s recent $572.
Hong Kong's popular amusement parks Disneyland and Ocean Park are closed from Jan. 26 to help prevent the spread of a deadly coronavirus that broke out in the Chinese city Wuhan, state media CCTV reported on Sunday. Business is going on as usual at the hotels inside Hong Kong Disneyland, however, CCTV reported. The Shanghai government said on Friday that Shanghai Disneyland will be closed from Saturday.
Disney's latest attraction at its Epcot theme park is coming together. The first floating barge/stage for the future "Harmonious" nighttime show arrived at Disney this week, said the Disney Parks Blog. The barges act as stages for the elements that make up the show, said Disney Imagineers in a Youtube video released by the theme park giant.
President Xi Jinping said China was facing a "grave situation" as the death toll from the coronavirus outbreak jumped to 42, overshadowing Lunar New Year celebrations that began on Saturday. China also announced further transport restrictions. With more than 1,400 people infected worldwide, most of them in China, Hong Kong declared a virus emergency, scrapped celebrations and restricted links to mainland China.
The U.S. television audience for Democrats' arguments that President Donald Trump should be impeached declined on Thursday to roughly 7.8 million viewers during live daytime coverage, according to data from the Nielsen ratings agency. The viewership was a 29% drop from Tuesday afternoon when about 11 million watched lawmakers spar over evidence and witnesses for the third presidential impeachment trial in U.S. history. TV viewership fell to 8.9 million on Wednesday as Democrats began making their case to the U.S. Senate and at the same time reach voters ahead of the November presidential election.
President Donald Trump complained Friday about the timing of his legal team’s defense in his impeachment trial, saying it will occupy time during TV’s “Death Valley” on Saturday.
After a strong open and a push to new highs for many stocks, equities turned lower in Friday's session on renewed coronavirus fears. Let's look at a few top stock trades for next week. Top Stock Trades for Tomorrow 1: BroadcomSource: Chart courtesy of StockCharts.comAfter announcing a multi-year, multi-billion dollar deal with Apple (NASDAQ:AAPL), Broadcom (NASDAQ:AVGO) shares were in rally mode, hitting new 52-weeks highs. However, the selling pressure in the overall market rained on AVGO's parade.What now?InvestorPlace - Stock Market News, Stock Advice & Trading TipsI would love to see AVGO hold up over the $315 to $318 area, which was stubborn resistance on the way up. If it can do that, it leaves $330-plus on the table, if the market is able to keep its footing. * 7 'A'-Rated Dividend Stocks That Provide Inflation-Beating Income If it doesn't and AVGO loses its 50-day moving average, another test of $300 is possible. Below puts the 200-day moving average in play. DisneySource: Chart courtesy of StockCharts.comDisney (NYSE:DIS) hasn't looked too pretty. While the market has spent most of December and January rallying, Disney shares have been putting in a series of lower highs.In fact, the charts have a descending triangle pattern in play, a bearish technical setup. That occurs when downtrend resistance (blue line) squeezes the stock price lower against a static level of support (black line). It leaves investors looking for a breakdown below support.That's exactly what's playing out in Disney. Given that the market is starting to wobble a bit, investors may be nervous buying DIS. First, let's see if the 200-day moving average steps in as support, just as it did in October. Below puts gap-up support near $136 in play.On a rally, bulls need to see Disney stock reclaim $143, as well as downtrend resistance. FordSource: Chart courtesy of StockCharts.comWhile Tesla (NASDAQ:TSLA) has scorched higher in 2020, Ford (NYSE:F) has done the opposite. Now, it's really breaking down.Shares cracked violently below uptrend support and the 50-day moving average, as the stock is now below all of its major moving averages on both a daily and weekly basis.Let's see if Ford stock declines to the $8.50 to $8.60 range and if so, if it finds support there. On a rebound, F needs to reclaim the 50-day moving average. American AirlinesSource: Chart courtesy of StockCharts.comAmerican Airlines (NYSE:AAL) has a similar chart to Ford. After a very strong reversal on Thursday (despite worse-than-expected earnings), shares are again showing signs of weakness.The stock is losing uptrend support and if it loses the $26.85 level, the post-earnings low near $26 is on the table. On a rally, AAL needs to reclaim uptrend support, but it's a no-touch for me on the long side with the market's current state.Investors should be looking at stocks holding support or near support, not at stocks that are losing it. IQiyiSource: Chart courtesy of StockCharts.comIQiyi (NASDAQ:IQ) couldn't push through the $25 mark and is embarking on a deep retreat on Friday, falling about 10%. The move sent shares right through the 20-day moving average, as sellers hammer the stock.Now, the $20 to $21 area is in sight, with uptrend support near the former and the 50-day moving average near the latter. That may be a worthy buy-the-dip zone if we see a bit more weakness early next week. Below $20 puts the 200-day moving average on the table.In any regard, look to see if IQ can reclaim the 20-day moving average on a rally.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL, AVGO and DIS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post 5 Top Stock Trades for Monday: Broadcom, Disney, Ford and More appeared first on InvestorPlace.
The Trade Desk (NASDAQ:TTD) started off with a focus on advertising through internet-based platforms. It quickly grew to be an independent force to be reckoned with in the world of buying online advertising. Helping clients to buy and manage digital advertising campaigns on websites and social media sites like Facebook (NASDAQ:FB) has propelled TTD stock to massive 993% growth in value since the company went public in September 2016. For the next stage of growth, the company is looking to one of the hottest categories in tech: streaming video.Source: Shutterstock/ Bella Melo The twist is, The Trade Desk is counting on consumers to be overwhelmed by the sheer number of paid streaming services. As companies launch free, ad-based options to combat "subscription fatigue," The Trade Desk will be there to help clients buy advertising slots. Streaming TV Subscription Fatigue2019 will go down as the year that the battle for streaming TV dollars truly launched. Netflix (NASDAQ:NFLX) faced a flood of new competing services from some of the world's biggest media and tech companies. Notably, last fall Apple (NASDAQ:AAPL) launched Apple TV+ and Disney (NYSE:DIS) launched its Disney+ streaming service. The new services have resulted in fragmentation of content. Consumers can no longer see all their favorite shows on Netflix; if they want to watch Marvel movies, they also need a Disney+ subscription. The Office -- the most popular show on Netflix -- is leaving for Comcast's (NASDAQ:CMCSA) NBCUniversal Peacock streaming service.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWith all of these streaming video services, a new term is growing in popularity: subscription fatigue.Consumers signed up for Netflix to escape paying big monthly cable bills. But how many streaming video subscriptions are they willing to pay for before frustration sets in? * 7 Exciting Tech Stocks With International Flair Ad-Supported StreamingMedia companies are betting that consumers will be willing to sit through an ad or two, if it means they can access a streaming service for free. Perhaps the biggest (or at least highest profile) salvo in this new free streaming scheme was launched at the start of this week by NBCUniversal. The company announced its new Peacock streaming service, which will become the exclusive home of The Office, as well as other popular NBC shows including Parks and Recreation and Brooklyn Nine-Nine. Besides the expected paid subscription options, Peacock will be available as a free, ad-supported service for Comcast cable's 20 million customers. This is where there's opportunity for The Trade Desk, and corresponding upside potential for TTD stock. It's what the company refers to as Connected TV (or CTV), and The Trade Desk has a Connected TV service in place, ready to help advertisers buy and manage ads on streaming services. Advertising is already a growing business on Connected TV. Look no further than Roku (NASDAQ:ROKU) for proof. Many of the channels on that platform are free, ad-supported content. That advertising revenue was a primary driver of Roku's stock growth in 2019.In December, while retailers were focused on Black Friday sales numbers, The Trade Desk was tracking ad impressions for various platforms. And according to TTD's numbers, ad impressions for Connected TVs on Black Friday increased 105% compared to 2018.Last quarter, The Trade Desk reported Connected TV ad revenue grew 145% year-over-year. And the company has signed deals with Roku, Disney, Comcast and Amazon (NASDAQ:AMZN). It's a market expected to be worth over $10 billion by 2021, and TTD is there to help clients buy and manage advertising with its Connected TV system. * 10 Recession-Resistant Services Stocks to Buy Bottom Line on TTD StockWill 2020 be the year that The Trade Desk's CTV ad business takes off? And if so, will this have a material effect on the company's bottom line? The Trade Desk is betting this will happen, and its Connected TV system is in place to take advantage of the growing number of free, ad-based streaming video services. Investment analysts aren't entirely convinced. Among those polled by CNN Business, TTD stock is a consensus "buy." However, their median 12-month price target of $292.50 -- an upside of just 4.2% over the current $280.39 -- suggests they don't see that CTV ad business exploding this year. That being said, if free ad-based streaming TV takes off with consumers, it seems like only a matter of time before TTD reaps the benefits.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post Trade Desk Stock Is Positioned to Ride the Streaming Video Wave appeared first on InvestorPlace.
It's finally here: earnings season.And while positioning through the event can lead to above-average and quicker returns, it can also be very risky business. That's especially relevant in today's "priced-for-perfection" market environment. So, to better guard against those risks, let's look at three recent earnings beats -- also backed by price action and charts -- that are worthy of stronger risk-adjusted positioning.Overall, the reality of how a stock reacts to earnings -- even an earnings beat -- is a crapshoot at best. When it comes to quarterly reports, one plus one often leads to an answer other than two. And if the market is always right, it simply doesn't matter if your calculator, spreadsheets and charts are telling you something different.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe bottom line, and more than ever, is that being selective and investing in stronger risk-adjusted situations matters. It's time to be patient and wait on companies that deliver the quarterly goods, enjoy investor support and only buy stocks with price charts that don't look like a bull on its last legs. * Invest in America's Most Trusted Brands With These 7 Stocks to Buy So, let's take a closer look. Earnings Beats to Buy: IBM (IBM) Click to Enlarge Source: Charts by TradingView IBM (NYSE:IBM) is the first of our earnings beats to buy. The blue-chip tech outfit didn't blast Street estimates, and sales were largely flat year-over-year. However, the company's high-value mix, productivity, improved gross margins and strong free cash flow still make it a name to consider.Additionally, there's other reasons to like IBM stock in today's market. The company delivered surprisingly strong numbers, which suggest a bullish mainframe cycle is just underway. There's also an above-the-market, and well-supported dividend payout of around 4.5% to consider with this earnings beat.Lastly, Wall Street was on board with the IBM's results. And technically, a very large and constructive double-bottom looks ready to clear angular resistance and the 62% retracement level after confirming an uptrend off 2019's bottom.Overall, this earnings beat is a buy on a modified breakout above $145. I'd suggest a stop-loss below $134, as that's sensible on the wallet and the price chart. On the upside, taking partial profits near $170 and pattern highs is an equally smart business decision. Logitech (LOGI) Click to Enlarge Source: Charts by TradingView Logitech (NASDAQ:LOGI) is our next earnings beat to buy. The Swiss-based computer hardware giant topped consensus views on the back of solid demand for the company's gaming gear, PC peripherals and video-conferencing products.The report showed LOGI stock is clearing tough 2018 comps tied to that year's Fortnite frenzy. What's more, sales of simulation gear are growing strongly for Logitech -- and its recent Streamlabs acquisition puts the company in the center of the increasingly popular live-streaming market.Investors have been hitting the buy button on their gaming consoles this week, and now it's time to join them. * Forget Lockheed Martin, Buy These 5 Smaller Defense Stocks Instead Technically, shares of this earnings beat have just cleared a corrective cup-shaped base to new all-time-highs. I'd set a price target of $60 based on a conservative measured move out of the pattern. And to ensure protection against larger potential losses, an exit below $46 would be a no-brainer. Netflix (NFLX) Click to Enlarge Source: Charts by TradingView Netflix (NASDAQ:NFLX) is the last of our earnings beats to buy, as the report wasn't without its flaws. Furthermore, disappointing guidance, slower-than-expected subscriber growth in Netflix's North American market and competition fears helped bears and profit-takers put together a decline of about 4% in the immediate aftermath. But, at the end of day -- literally and figuratively -- things are looking up for NFLX stock.The fact of the matter is the subscription video on demand (SVOD) giant surpassed earnings and sales forecasts in the face of new streaming platforms rolled out by Disney (NYSE:DIS) and Apple (NASDAQ:AAPL). Moreover, global gains are where NFLX stock's future growth lies. And the company continues to deliver, demonstrating its value-add proposition for its subscribers over the competition.Technically speaking, this earnings beat is also looking up. Aside from investors backing away from their initial impression of the report, NFLX stock has formed a solid-looking weekly hammer candlestick. With the pattern well-positioned to clear channel and 62% resistance within Netflix's larger W-base structure, a momentum entry looks increasingly attractive.For positioning in Netflix stock, I'd suggest buying on strength as shares breakout above $360. Look to take some risk off the table in-between $400-$425 for obvious reasons. And with the week coming to a close and investors showing their hand, a stop-loss below $334 looks like sufficient leeway off and on the price chart for this earnings beat.Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post 3 Earnings Beats to Buy As Another Huge Week Approaches appeared first on InvestorPlace.
For some on Wall Street, earnings in Netflix (NASDAQ:NFLX) played out like a scary movie. But should investors be running for the exits? Let's take a look at what's happening off and on the price chart in Netflix stock to allow for a stronger risk-adjusted determination on shares.Source: Riccosta / Shutterstock.com Tuesday night's quarterly release for NFLX stock wasn't a blockbuster, which resembled nothing like the subscription video on demand (SVOD) giant's growth era over the last decade. Worse though, much of Wall Street's post-earnings optics targeted the report's negatives. Topping the list of warnings were the company's weak guidance and slower-than-expected subscriber growth in Netflix's North American market.The combination stoked fears competition in the streaming market from the likes of Disney (NYSE:DIS), Apple (NASDAQ:AAPL) or Amazon (NASDAQ:AMZN) and imminent threats from AT&T (NYSE:T) and Comcast (NASDAQ:CMCSA) are the real deal. The concerns helped Netflix shares fall around 4% in the report's immediate aftermath Wednesday. However, those worries also fail to tell the whole story in Netflix stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsDespite the roll-out of Disney+ and Apple TV+ during the company's reported fourth quarter, Netflix did manage to top Street profit and sales forecasts. Furthermore -- and possibly more importantly -- cash burn peaked in 2019, and management sees the company on the "glide path, slowly, towards positive free cash flow." * Invest in America's Most Trusted Brands With These 7 Stocks to Buy Additionally, Global growth continues to deliver for Netflix shareholders. International paid subscriber additions of 8.33 million compared to forecasts of just 7.17 million. And, as analysts at AB Bernstein noted, that's where the company's total addressable market (TAM) and future growth lies. Furthermore, key markets such as India looking increasingly exciting for Netflix.Lastly, and a word of warning to Wednesday's bears, viewer discretion is advised on the accompanying NFLX price chart. Netflix Stock Weekly Price Chart Click to Enlarge Source: Charts by TradingView Bears may have won Wednesday's battle. But the big picture continues to hint at higher prices in 2020 for Netflix stock. The weekly chart included here shows NFLX shares have put together a nice bullish trend, with a series of higher-highs and higher-lows. The price action follows a higher-low, double-bottom pivot hammered out this past fall inside a large corrective base nearly two years in the making. Collectively, there's solid evidence to remain optimistic on Netflix stock.To be fair -- and more importantly, smart -- the pattern isn't a free ride for investors to simply buy into. For one, stochastics are overbought. Also, price patterns are fluid and conditions could always turn for the worse. If pattern and Fibonacci resistance near $350 aren't cleared, a more threatening lower-high formation would have us questioning NFLX stock.Overall, I see any potential resistance as an obstacle which will be cleared in the days ahead. And any fears the writing is on the wall for Netflix stock would only occur if shares fell below $317. That's enough to nix a still-building hammer candlestick on the weekly chart, fail uptrend channel support and sufficient evidence to pull the plug.Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post Why You Should Not Subscribe to the Netflix Stock Fears appeared first on InvestorPlace.
Another batch of solid earnings reports—including a monster performance from chipmaker Intel (INTC)—could combine with retreating fears of the coronavirus to set a positive tone early Friday. Today’s action could determine whether the S&P 500 Index (SPX) ends up rising or falling for the week. It’s been three weeks since the SPX had a losing week.
The tech-heavy Nasdaq was set to hit a new record high on Friday after a strong forecast from Intel and encouraging business activity data out of Europe lifted the mood, while investors tracked latest developments related to the coronavirus outbreak. Chipmaker Intel Corp jumped 4.8% in premarket trading, and was on course to open at a 19-year high, after it forecast better-than-expected 2020 earnings, joining many of its peers to signal a recovery in chip demand. Advanced Micro Devices Inc rose 1.0%, while Broadcom Inc gained 2.9% after entering an agreement with Apple Inc for the supply of wireless components used in its products.
Walt Disney Co (NYSE: DIS) has become the latest corporate victim of the Wuhan coronavirus. The closure will cost significant revenue expected for the nation’s largest holiday season. This year, even if Disney would have remained open, it would have missed business from more than 18 million prospective visitors as Wuhan, Wuanggang and other cities enforce travel restrictions.
Walt Disney is building content assets to take advantage of the direct-to-consumer streaming opportunity ahead, a Morgan Stanley analyst said, affirming the company overweight and lifting the target price.