133.49 +1.81 (1.37%)
Pre-Market: 8:40AM EDT
|Bid||133.52 x 900|
|Ask||133.56 x 800|
|Day's Range||131.03 - 132.20|
|52 Week Range||97.68 - 132.87|
|Beta (3Y Monthly)||0.51|
|PE Ratio (TTM)||18.04|
|Earnings Date||May 8, 2019|
|Forward Dividend & Yield||1.76 (1.59%)|
|1y Target Est||132.55|
Yahoo Finance's Adam Shapiro, Julie Hyman, Brian Sozzi, and Direxion Managing Director Sylvia Jablonski discuss.
More profit reports are coming Tuesday after a day of mixed trading on Wall Street on Monday. Dow futures were a little higher in early morning, while oil prices rose again.
Last year, Walt Disney Co. Chief Executive Bob Iger made $65.6 million — about 1,424 times the median Disney employee’s salary, an amount that heiress Abigail Disney is calling “insane.”
Earnings obsessed? Our call of the day urges investors to move past what will likely be an uninspiring quarter or two of corporate results, and start thinking about how to preserve their investment gains in a market that has already risen strongly this year.
Robert Downey Jr., Chris Hemsworth and other members of the Avengers superhero team on Monday celebrated the final chapter in a 22-movie saga that ranks as the movie industry's highest-grossing franchise of all time. At a lavish premiere in Los Angeles, hundreds of industry VIPs, cast members, fans and media watched the first showing of "Avengers: Endgame," the three-hour action spectacle that has been held tightly under wraps. Downey Jr. (Iron Man), Hemsworth (Thor), Scarlett Johansson (Black Widow), Chris Evans (Captain America) and others walked a purple carpet underneath a giant, spinning Avengers logo set up inside the Los Angeles Convention Center.
AMC Theatres employees will be pulling all-nighters at some of the circuit’s cinemas next weekend as the exhibitor adds round-the-clock showings of “Avengers: Endgame” to meet moviegoer demand. “With a desire to satisfy as many Marvel fans as possible on Thursday and through the weekend, AMC’s programming team is reviewing ticket sales theater by theater and adding showtimes later and later.
Walt Disney Co. (NYSE: DIS) CEO Bob Iger’s new $65.6-million compensation package is “insane,” said the granddaughter of the company’s co-founder Roy Disney. Abigail Disney, a filmmaker and activist, made the charge during a panel discussion on “humane capitalism” at the Fast Company Impact Council, held by the magazine Fast Company. Consulting firm Equilar, which publishes the Equilar 100 list of the highest CEO pay at the largest companies, said Iger is the third-highest paid CEO at the top companies by revenue.
The Dow Jones Industrial Average is enjoying a remarkable rally. In 2019, Dow stocks - a group of 30 American blue-chip companies - have soared 13.9% as a group. We now find ourselves within striking distance of the index's all-time high, and if earnings can clear a low expectations bar, further gains could be on tap.But not all Dow Jones stocks are created equal. So which ones should you be keeping an eye on right now?We have used TipRanks' new Stock Comparison tool to pinpoint the five Dow components with the highest ratings from Wall Street analysts right now. All five stocks share a "Strong Buy" Wall Street consensus based on ratings doled out over the past three months.Here are the five highest-rated Dow Jones stocks right now. Let's delve in and see why analysts are so optimistic. SEE ALSO: 50 Top Stocks That Billionaires Love
“The Curse of La Llorona” exceeded expectations at the domestic weekend box office, but overall the Easter holiday frame was the slowest in nearly a decade and a half. The horror flick haunted the top spot with an estimated $26.5 million, delivering the third No. 1 ranking in a row for Warner Bros. and New Line, now divisions of AT&T Inc. (NYSE: T). Year-to-date, the 2019 box office is running 16 percent behind last year, which holds the record for annual ticket sales.
One of the new attractions set for Walt Disney World's Disney's Hollywood Studios theme park will take a little longer to welcome its first guests. Mickey & Minnie's Runaway Railway, which is replacing The Great Movie Ride, will open up in spring 2020 instead of this fall, said the Disney Parks Blog. Here's Disney's description of the ride's story: Disney's Hollywood Studios doesn't need the buzz from the ride this year.
Abigail Disney, granddaughter of Disney's co-founder, said the CEO's level of pay is too high compared with that of his median employee.
IQiyi (NASDAQ:IQ) stock has trended down for the last two months. The uncertainty brought about by the U.S.-China trade war has added to the pain. As a result, iQiyi stock has not gained the traction of many of its American tech counterparts.Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsiQiyi claims it wants to become more like Disney (NYSE:DIS). However, IQ must first overcome its near-term challenges before it can achieve a "Disney-like" status.IQ stock still trades more than 50% below its highs of last June. In the last ten months, many Chinese stocks, even those like iQiyi stock which have little direct relationship to the U.S., have fallen significantly.On Feb. 22, IQ stock rose by almost 22% after it reported its fourth-quarter revenue and earnings which beat analysts' consensus expectations. However, since that day, it has steadily fallen back to the levels at which it was trading before the earnings announcement. * 7 Healthy Dividend Stocks to Buy for Extra Stability iQiyi Prefers Comparisons to Disney, Not NetflixMany like to compare iQiyi to Netflix (NASDAQ:NFLX). However, Alphabet's (NASDAQ:GOOGL, NASDAQ:GOOG) YouTube (at least when it actively developed more premium content) serves as a more accurate comparison. Unlike Netflix, YouTube and IQ depend on advertising revenue. The latter company, however, has decided it wants the public to think of it as China's Disney.But it will take decades to determine whether IQ can become the "Disney of China." Most owners of IQ stock won't hold their shares long enough to see IQ become like DIS, if it ever does.For now, iQiyi needs to worry about turning a profit and then building an imposing content library. Both milestones will take large amounts of time and money, as IQ's peers have already discovered. The tremendous expense of content has begun to weigh on Netflix, and Disney has a decades-long head start in the content-development realm. Multiples, Overall Economy Will Drive IQ Stock for NowTwo other issues for IQ stock are economic cycles and the mood of investors. Traders ran up the value of Netflix even though it took years to achieve profitability.The market has not shown the same patience for IQ. IQ stock trades at 3.4 times its sales and 6.2 times its book value. Few would call such multiples "outrageous." Both multiples also come in well below the price-sales and price-book-multiples of Netflix. However, IQ stock has to deal with obstacles that Netflix did not face.For one, the ADR status of IQ stock adds to its uncertainty. American investors cannot legally own iQiyi stock directly and have to settle for a proxy representing the company. Moreover, the economic expansion has reached its 11th year. Some think there's a high chance of a recession. During recessions, investors become wary of all stocks with high valuations.Also,the Chinese economy has declined in the wake of the trade war. If the U.S. and China finally work out an agreement, IQ stock would likely rise in the short term. However, traders have to remember that American investors trade IQ stock. If U.S. traders feel a recession will happen soon, they likely will not enable iQiyi stock to reach high multiples. The Bottom Line on IQ StockOwners of IQ stock need to focus on the company's near-term challenges, not whether the company can become the next Disney. It has already become apparent that IQ stock will likely not achieve Netflix-like valuations. However, iQiyi has not been as much like Netflix as many thought. Even IQ now says it wants to become more like Disney than NFLX.However, it took decades to build Disney into the media empire it has become today. For now, IQ needs to worry about turning a profit while expanding its content library. The owners of IQ stock need to figure out if and when Wall Street will take the equity to higher levels. With its failure to achieve Netflix-like multiples and fears of a recession looming, now is likely not IQ's time.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 * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post IQiyi Stock Won't Be the Next Disney Stock Anytime Soon appeared first on InvestorPlace.
Netflix Beats Analysts’ Q1 Estimates, Weak Guidance Disappoints(Continued from Prior Part)Analysts’ recommendations for NetflixOf the 45 analysts covering Netflix (NFLX), 28 recommend “buy,” five recommend “sell,” and 12 recommend
Disney's Animal Kingdom turns 21, but all of the big announced additions to the Florida resort are going to the other three parks.
In retrospect, AT&T (NYSE:T) arguably should have sold its minority stake in Hulu back to its majority owners long ago. With less than 10% equity in what was essentially an experimental competitor to Netflix (NASDAQ:NFLX), Hulu didn't mean enough to owners of AT&T stock to truly matter. * 10 S&P 500 Stocks to Weather the Earnings Storm Instead, it waited until its partners had become competitors to pull the trigger, leaving it behind those competitors in the process.Regardless of the timing, it's now happened. AT&T has sold the Time Warner sliver of Hulu back to its majority owner Walt Disney (NYSE:DIS) and larger-minority owner Comcast (NASDAQ:CMCSA), pocketing roughly $1.5 billion for its share.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's hardly the end of AT&T's streaming ambitions, though. If anything, it's closer to the beginning of a home-grown streaming video platform.The foreseeable future of that ambition, however, looks like a rocky one. Going SoloTake a closer, careful look at the streaming video landscape and you'll recognize that partnerships are falling out of favor, and integrated top-down solutions are becoming the preferred means of penetrating the market.Hulu was, of course, the quintessential partnership in the business, melding content from Disney, Time Warner and Comcast's NBCUniversal. It fared reasonably well too, reaching 25 million subscribers as of the end of last year. That's still a distant second to Netflix's 139 million paying members, but far better than any rival operating in the same space.Hulu wasn't built to last, though. Too many cooks, or chiefs, and schools of thought to do the collective any good.Disney's upcoming official launch of its standalone streaming service Disney+ validates the idea that media and entertainment companies feel they're better served doing their own thing, though the fact that Netflix and CBS have also bet heavily on the creation of content sold directly to consumers underscores the idea. Indeed, even Time Warner's HBO offers a standalone streaming option, and Comcast's NBCUniversal reportedly has one in the works.By virtue of bowing out of the Hulu consortium -- not that it had much choice -- AT&T's Time Warner has sloughed off a potential confusion of interests and freed the company to focus on its own Netflix competitor.It's still behind the eight ball, though. Work to Do AheadIt's a development that's not exactly surprising to AT&T stock owners.In March, the organization shook up its management ranks to name former NBC Entertainment chairman Robert Greenblatt as chairman of WarnerMedia's entertainment and streaming businesses. The shakeup also included resignations from HBO's head Richard Plepler and Turner's president David Levy.The changes, according to AT&T, facilitate "agility and flexibility," which isn't difficult to interpret as a shift toward direct-to-consumer options.AT&T is already in that business, to be clear, but hardly thriving. Streaming service DirecTV Now actually lost 267,000 customers last quarter, which was the first net subscriber loss the platform has logged since launching in late 2016. A Time Warner-branded service might fare better, by costing less, which can be made possible by limiting its library of content to just the video consumers want from the company.That's easier said than done, howver. As Hollywood Reporter's critic Tim Goodman pointed out following word that AT&T was exiting its Hulu stake:"Nobody outside of this town -- and hell, many right inside of it -- can really tell you what the hell WarnerMedia is or has, which is not a problem that Netflix, Amazon, Hulu or Disney+ currently grapple with. So, congratulations, WarnerMedia, you're only slightly more mysterious than Apple+, which, for better or worse, is trying to be mysterious on purpose."He's right.And, that's going to be a major headache for a player that's essentially entering the streaming race already in sixth place.In the meantime, pulling the company away from strategizing its branding is the sheer demand for more video content than the company currently produces."They want a lot more content coming out of Warner," said CFRA Research analyst Keith Snyder, adding, "That's going to help them launch the streaming service and go up against Disney. They really need to start generating more content… [the] reorganization is aiming at that more than anything."It's all going to be a lot more work, and complicated, than participation in the Hulu partnership was. Looking Ahead for AT&T StockIt remains to be seen how the market will view the company's next steps down this inevitable path, primarily because it's not even clear the company itself has looked that far down the streaming video path ahead.One matter is clear, however. That is, much work remains to be done, and AT&T isn't looking especially well-positioned. * 7 No-Load Mutual Funds to Buy That's not to suggest AT&T stock is unownable here, or that a Time Warner streaming app can't be competitive. It is to suggest, however, that an awful lot of questions remain regarding exactly how AT&T is going to stand out in an increasingly crowded streaming video industry when most consumers still don't recognize the brand the way they do Netflix, CBS or Disney.As of this writing, James Brumley held a long position in AT&T. 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 * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post Sale of Hulu Stake Makes the Streaming Future of AT&T Unclear appeared first on InvestorPlace.
Abigail Disney has accused the entertainment company her grandfather co-founded of contributing to widening economic inequality by paying its chief executive an “insane” $65.7m last year. The company responded to Ms Disney’s remarks by saying that it had “made historic investments to expand the earning potential and upward mobility of our workers”, including a starting hourly wage of $15 at Disneyland and a $150m initiative offering hourly employees the chance to obtain a college or vocational degree free of charge.
Mickey & Minnie's Runaway Railway won't open until the springtime of next year, missing the 2019 debut it was targeting two years ago.
Warner Bros. and New Line's "The Curse of La Llorona" ascended to the top of domestic box office charts, conjuring $26.5 million when it opened in 3,372 North American theaters. "La Llorona" is the latest horror movie to outperform expectations, further cementing the genre as a reliable box office draw.