|Day's Range||9.55 - 9.56|
Comcast's (CMCSA) second-quarter earnings are likely to benefit from the expanding high-speed Internet subscriber base and Xfinity Mobile user base.
Dish Network’s (DISH) wireless business is currently in the making, as cord cutting has hit US satellite pay-TV providers harder than their cable counterparts.
ENGLEWOOD, Colo. , July 19, 2019 /PRNewswire/ -- DISH today announced that it has appointed Kannan Alagappan Senior Vice President and Chief Technology Officer reporting to DISH President and CEO Erik ...
Layoffs have occurred at the prepaid brand. Sprint puts the number as a single-digit percentage, but other reports put the number considerably higher as the Overland Park carrier makes the final push to merge with T-Mobile.
Dish Network and Sling TV are expanding their Lower Downtown offices, renovating the space next door to fit about 50 more people. The space, which used to be a barbershop, is next to Dish’s Grand Central office at 1615 17th St., which opened in 2016. The Dish Grand Central office holds about 200 employees and the additional space is for more than 50 new employees.
The two carriers are wrestling with a deal about how to handle assets divested to Dish Network as part of the $26.5 billion merger, according to a Thursday report.
Shares of AT&T (NYSE:T) have been on a tear lately, rallying from $30.50 at the end of May to north of $34 earlier this week. That 12.5% jump really got the attention of T stock investors, given what a slump this name has been in. In the first four months of the year, ATT stock had eked out a 4.2% gain while the S&P 500 index climbed 16.2%.Of course, most investors ignore the valuation, the company's various businesses and even its debt. Instead, they focus on the dividend, which still yields almost 6% even after the big rally we've seen. Should investors buy for this reason alone?InvestorPlace - Stock Market News, Stock Advice & Trading Tips AT&T Stock and Its DividendInvestors should view the dividend from T stock as very attractive. We've outlined why this payout is so tempting numerous times on InvestorPlace over the past year.Basically, we've got a company that's been super consistent with not only paying its dividend, but raising it as well. Including this year's bump, AT&T stock has raised its payout for 35 straight years. That's through recessions, uncertainty and big fluctuations in interest rates.The stock now yields 5.96%, as of Wednesday's close, and while attractive, it may not be attractive enough on that yield alone. After all, the stock is up more than 10% inside of a month. If investors buy in now, they risk taking a haircut on their principal. While some investors may only be interested in the income, we're looking at T stock from a total return perspective. T Stock FinancialsA major concern for T stock has been the debt. Simply put, the company has a lot, currently standing at $167 billion in long-term debt. That's a daunting sum for any company. * 7 Retail Stocks to Buy That Are Down in 2019 But consider that a bulk of this debt came from the company's $85.4 billion acquisition of Time Warner (TW). TW had growing revenue and earnings, and strong cash flow. Investors may still be leery about AT&T because of this deal. That's because one of its prior deals didn't work out so great. It bought DirecTV for $48.5 billion in 2014. Now though, all anyone seems to focus on each quarter is how many subscribers AT&T is losing in this asset thanks to cord-cutting.I wouldn't worry about the Time Warner deal as much though. It kicks off great cash flow and puts AT&T in a better position, even with the larger debt load.For instance, free cash flow (FCF) came in at $5.9 billion last quarter, up 107% year-over-year (YoY) from $2.83 billion. More importantly though, the FCF dividend ratio (or the percentage of FCF that's paid out in the form of a dividend) fell from 108.5% in Q1 2018 to just 63.3% in Q1 2019. That's a huge reduction and further pads the safety in AT&T's dividend.To be sure, dividend-loving ATT stock investors got nervous reading recent headlines. First, there was the rumor that Amazon (NASDAQ:AMZN) would buy Boost and compete in telecoms. Then it was that Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) would team with Dish Network (NASDAQ:DISH) to compete in satellite-delivered content. What ever. Right now, all we need to know is that FCF is strong and AT&T has consistent business. That should allow it cut down debt and pay out its dividend. At 10 times earnings, we can live with that. * 10 Best Stocks for 2019: A Volatile First Half Streaming PlansOn July 9, the company announced its plans for HBO Max, a service joining HBO Now and HBO Go. To me it would have made more sense to roll HBO Max's selling points -- adding Friends, Fresh Prince of Bel-Air, Pretty Little Liars, HBO content and exclusive shows and content -- right into HBO Now. Then raising the price down the road.Yet another streaming service from HBO feels clunky and unnecessary. Particularly with Netflix (NASDAQ:NFLX), Hulu, Disney's (NYSE:DIS) coming offerings, Amazon's Prime Video and others now available or coming soon. I think the Street would have cheered a stronger lineup of content for HBO Now and an eventual price hike to justify it, more than HBO Max. We'll see how it pans out. Trading T Stock Click to EnlargeMy issue with T stock now is how far it's run. Granted, the stock came down on news of the company's new streaming strategy. Should it continue to deteriorate, AT&T stock price could offer investors an attractive entry in the name.Remember, AT&T stock hasn't exactly been blowing it out of the water when it comes to earnings. Maybe that will be the case again this quarter and shares will fall.In any regard, $35 is multi-year resistance, while a dip to $32 to $32.50 would be a great opportunity to get long.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMZN, GOOGL and T. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy on College Students' Radars * 7 Retail Stocks to Buy for the Second Half of 2019 * The S&P 500's 5 Best Highest-Yielding Dividend Stocks The post Is AT&T Stock Still Worth Buying for Its 6% Yield?Â appeared first on InvestorPlace.
While many investors are focused on the negative impacts of tariffs and the U.S.-China trade war on corporate profits, they may be overlooking another sizable threat, which is rapidly rising labor costs. The median company in the S&P 500 Index (SPX) pays out 13% of its revenues in the form of employee compensation, and these costs grew by 3% in 2018, the fastest pace during the current economic expansion, which began in June 2009, Goldman Sachs reported this week. Goldman believes that stocks with lower than average labor costs as a percentage of sales are well-positioned to outperform in this environment.
Dish Network has massive wireless spectrum holdings, and the purchase of T-Mobile’s equipment and infrastructure and the help of Google could enable it to deploy a new wireless network in nearly three years.
Moody's Investors Service (Moody's) upgraded Hughes Satellite Systems Corporation's (Hughes) corporate family rating (CFR) to Ba3 from B1. At the same time, the company's probability of default rating (PDR) was upgraded to Ba3-PD from B1-PD, its senior secured rating was upgraded to Ba1 from Ba2, and its senior unsecured notes rating was upgraded to B2 from B3. Hughes' speculative grade liquidity rating was affirmed at SGL-1 (very good) and the outlook was changed to stable from positive.
Dish owns wireless spectrum that has become particularly valuable as Sprint and T-Mobile look for ways to win approval for their merger.
Cowen & Co. analyst Gregory Williams reiterated his bullish view of Dish Network Corp. shares on Tuesday, writing that the satellite-TV company is “generally in a win-win situation” regardless of whether T-Mobile US Inc.’s deal for Sprint Corp. ultimately gains approval.
DISH Network Corp NASDAQ/NGS:DISHView full report here! Summary * Perception of the company's creditworthiness is positive and improving * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for DISH with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $6.20 billion over the last one-month into ETFs that hold DISH are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator with a strengthening bias over the past 1-month. DISH 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 email@example.com.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.
Google is reportedly in talks with satellite TV giant Dish Network to potentially create a fourth U.S. wireless carrier, a report says. Google calls the speculation 'simply false.'