|Bid||32.30 x 800|
|Ask||32.32 x 800|
|Day's Range||31.98 - 32.95|
|52 Week Range||23.22 - 44.66|
|Beta (3Y Monthly)||1.44|
|PE Ratio (TTM)||11.88|
|Earnings Date||Nov 5, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||43.28|
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Tower operators could benefit from increased leasing driven by accelerated 5G activity and new entrants into the wireless arena, according to KeyBanc Capital Markets. The Analyst Brandon Nispel maintained ...
The candidates want the Federal Communications Commission to seek public comment on T-Mobile's proposed Sprint takeover, effectively delaying the deal.
A group of Democratic senators led by 2020 presidential candidate Amy Klobucher penned a letter urging the Federal Communications Commission to issue an additional public comment period on the Sprint/T-Mobile merger.
Dish Wireless requires $10 billion for its network buildout, but it only has $1.9 billion in the bank. The FCC bars it from selling spectrum to raise cash.
Disney and Charter have agreed on a distribution deal to carry the ACC Network, but there's still coverage gaps in Atlanta.
U.S. Representative David Cicilline urged Federal Communications Commission Chairman Ajit Pai on Thursday to give the public the chance to comment on a draft order that would grant agency approval to the $26 billion merger of T-Mobile US Inc and Sprint Corp. Consumer advocacy groups have raised concerns that the merger could raise the cost of wireless services.
Federal Communications Commission Chairman Ajit Pai has proposed a formal order approving the merger of Sprint Corp. and T-Mobile US Inc.
In late May, DISH Network (DISH) revealed its intention to acquire EchoStar's broadcast satellite service business in an all-stock transaction.
When looking for new investment ideas, following corporate insider activity can provide valuable insights. A large buy from someone with in depth knowledge of the company might indicate that a stock is set to outperform. Insider buys can also impact share prices. After two directors purchased shares of Cars.com Inc. (CARS) on August 13, the stock surged 3%. We used all of the above strategies to find 3 hot services stocks insiders are buying. Red Rock Resorts Inc. (RRR)Red Rock Resorts is a gaming, management and development company. It’s best known for operating casinos in Las Vegas and Reno, Nevada. On August 8 and 9, Directors Lorenzo Fertitta and Frank Fertitta III purchased 760,000 shares of RRR at an average price of 18.61 per share. They now own 66% of the company, with the buy costing more than $14 million. The buy sent shares up 2%. The purchase comes shortly after the company reported a second quarter revenue beat combined with an earnings miss on August 6. Despite mixed results from its second quarter, management maintains that its newly renovated Palms casino is on track to generate a strong high-single-digit return next year. Mutual fund manager, Ron Baron, sees the casino as an important catalyst for the company. “Its Palms casino should generate more cash flow, which we expect Red Rock to use to pay down debt and reduce leverage,” he explained. Carlo Santarelli, a five-star analyst according to TipRanks, agrees that RRR’s Palms casino could drive continuous long-term growth for the company. On August 12, the Deutsche Bank analyst reiterated his Buy rating and $24 price target. He thinks share prices could jump 23% over the next twelve months.The rest of the Street is cautiously optimistic about RRR. It has a ‘Moderate Buy’ analyst consensus and a $28 average price target, suggesting 42% upside potential. Caesars Entertainment Corporation (CZR) Caesars is a gaming hotel and casino corporation that operates more than 50 properties as well as seven golf courses.Following a disappointing earnings release on August 5, hedge fund guru, Carl Icahn, increased his stake in the company by 15 million shares, making him a 17% owner. At an average share price of $8.45, the buy set him back $126.8 million. Despite posting a greater loss than analysts originally predicted, revenue did increase 5% from the prior-year quarter to reach $2 billion. Management highlighted Centaur as well as the strength of its Las Vegas hotel and food and beverage businesses as the key drivers of revenue growth. CZR is also expecting to get a boost after its $17 billion merger with Eldorado Resorts (ERI) is finalized.“As we work toward successful completion of the proposed merger with Eldorado Resorts, the management team and I remain focused on improving the company's operations and financial profile through incremental revenue opportunities and operating efficiencies,” CEO Tony Rodio added. It should be noted that Icahn pushed the company to oust former CEO Mark Frissora and replace him with the more deal-oriented Rodio. Santarelli, who also covers CZR, agrees that its strong fundamentals and prospects from its ERI merger make it a compelling buy. On August 7, he maintained his Buy rating and $13 price target. The price target implies share prices could gain 12% over the next twelve months. CZR has a ‘Moderate Buy’ analyst consensus and an average price target of $12, indicating 7% upside potential. Dish Network (DISH) The TV provider has struggled in the past to compete with streaming platforms such as Netflix (NFLX) and Hulu that have threatened its core business. However, it has made significant progress in its efforts to compete with its Sling TV service that allows customers to stream live TV channels. Corporate insiders believe that these efforts will ultimately pay off. From August 5-7, DISH’s Chairman and co-founder, Charles Ergen, bought 500,005 shares at an average price of $31.28 per share. The $15.7 million purchase cemented his standing as a more than 10% owner of the company as well as sent shares soaring by 4%. While DISH reported on July 29 that its second quarter saw a loss of 31,000 subscribers, Ergen sees potential coming from its foray into the wireless business. On July 24, the company announced that it will acquire $5 billion worth of assets from T-Mobile (TMUS) and Sprint (S). The assets include both the Boost Mobile segment of the business and spectrum assets. CEO Erik Carlson explained, “The wireless deal set us in a clear course to become a fourth wireless providers of the nation, and it’s going to happen quickly. I’m confident in our grafted fundamentals and I'm certainly confident in our ability to execute.”Five-star analyst, Colby Synesael, believes that this acquisition can give DISH the advantage it needs to compete. On July 30, he reiterated his Buy rating and raised the price target from $57 to $58. This move suggests that share prices could increase by a whopping 80% over the next twelve months. The Cowen & Co. analyst boasts an 82% success rate and gets an average return of 18% per rating.The TV provider is one of the riskier stocks on our list. It has a ‘Hold’ analyst consensus and a $37 average price target, suggesting 15% upside potential.
Investors shaken by the stock market's pullback in August should be on the alert for even steeper declines ahead for six stocks with a range of vulnerabilities, including PayPal Holdings Inc. (PYPL), Dropbox Inc. (DBX), Molson Coors Brewing Company (TAP), MSG Network Inc. (MSGN), Domino’s Pizza Inc. (DPZ), and Dish Network Corp. (DISH). For its part, MSG Network's big challenge is loss of subscribers.
Dish chairman Charles Ergen recently bought 500,005 DISH shares for $16 billion. In contrast, Jeff Bezos sold $1.8 billion of Amazon shares in late July.
Oregon has joined a multistate lawsuit to block the merger of U.S. wireless carriers T-Mobile US Inc and Sprint Corp, the New York attorney general's office, which is leading the lawsuit along with California, said on Monday. Fifteen states and the District of Columbia are now seeking to stop the merger, which the states argue is anticompetitive and will cost their residents more than $4.5 billion annually. "Oregon’s addition to our lawsuit keeps our momentum going, and ensures that there isn't a single region of this country that doesn't oppose this anticompetitive megamerger," New York Attorney General Letitia James said in a statement.
Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason: they believe the stock price will rise and they want to profit. DISH Network Corp (NASDAQ: DISH) board chair Charles Ergen purchased about 500,000 shares of this pay TV provider throughout last week.
ENGLEWOOD, Colo., Aug. 9, 2019 /PRNewswire/ -- EchoStar Corporation (SATS) ("EchoStar") announced today details for the anticipated completion of the spin-off and subsequent merger of its BSS Business, which was announced May 20, 2019. EchoStar has set a record date of August 19, 2019 (the "Record Date") for the spin-off of that portion of its EchoStar Satellite Services business that manages, markets and provides (i) broadcast satellite services primarily to DISH Network Corporation (DISH) ("DISH"), Dish Mexico, S. de R.L. de C.V. and their respective subsidiaries and (ii) telemetry, tracking and control services to satellites owned by DISH and a portion of EchoStar's other businesses, and certain related assets and operations (the "BSS Business").
Dish Network stock (DISH) surged nearly 4% on Thursday after chairman Charlie Ergen announced that he bought around half a million shares for $15.7 million.
Dish Network stock has lost a quarter of its value in recent weeks but the company’s founder and now chairman bought millions of dollars in shares this week.
Dish is still among the leading pay-TV providers in the US. T-Mobile is concerned that Dish could become a tough challenger in the wireless marketplace.
Shares of Dish Network Corp. are up more than 3% in Thursday morning trading after Chairman Charlie Ergen disclosed that he purchased about 500,000 shares for $15.7 million over the course of the week. Ergen said in a filing that he purchased 300,005 shares at a price of $31.70 on Aug. 5, 100,000 shares at a price of $31.19 on Aug. 6, and 100,000 shares at a price of $30.94 on Aug. 7. The stock buys come as Dish embarks on a transformation through its plans to enter the wireless industry. Dish intends to purchase prepaid wireless brands and spectrum from T-Mobile US Inc. and Sprint Corp. if their pending merger goes through, and the company will be able to lean on T-Mobile's wireless network for several years while it builds out infrastructure for its own. Shares have fallen 18% in the past month, as the S&P 500 has dropped 2.3%.
A number of contract disputes have led to station blackouts across the U.S., including Dish dropping regional sports networks being acquired by Sinclair Broadcast Group.
After a nasty four-day rout, the sellers finally gave long-term investors a break. The S&P 500 was up 1.3% on Tuesday, wiping away a small fraction of what has been recently lost.Source: Shutterstock Still, it's far from assurance that the reversal effort is going to get traction.Disney (NYSE:DIS) carried more than its fair share of the weight during the session, up more than 2% headed into its post-close earnings report. An earnings and revenue miss, however, sent DIS stock more than 3% lower in after-hours action. It's poised to start today in the hole. Ford (NYSE:F) jumped 2.7% yesterday in response to an upgrade from Morgan Stanley, and was able to hold onto that gain.InvestorPlace - Stock Market News, Stock Advice & Trading TipsKeeping the market's gain in check more than any other name on Tuesday was Chesapeake Energy (NYSE:CHK). Shares of the natural gas company tumbled nearly 11% to a 20-year low after reporting a loss for its recently completed quarter. * 10 Stocks to Buy on the Trade War Dip None are compelling prospects moving into the midpoint of this week, however. Rather, it's the stock charts of Dish Network (NASDAQ:DISH), Cardinal Health (NYSE:CAH) and Global Payments (NYSE:GPN) that merit the closest looks. Global Payments (GPN)Headed into July, it was impossible to argue that Global Payments shares weren't overbought and ripe for profit-taking. The weekly chart's RSI indicator hadn't been overbought as high as it was since the beginning of 2018, and hadn't been this overbought for as along as it had been in many, many years.The weight of that big gain since the beginning of the year finally become unbearable last week, when marketwide selling finally knocked GPN stock off of its perch as well. A couple of key support levels were broken as a result. Even so, the most important floor here remains intact. * Click to EnlargeThat crucial floor is the 100-day moving average line, marked in gray on both stock charts. The bleeding stopped there on Monday, and the sellers didn't even test it on Tuesday. * Although the 100-day average is still intact as support, the purple 50-day moving average line isn't. Neither are either of the straight-line support lines that kept Global Payments going higher since early this year. * If the 100-day moving average line does fail to keep the stock propped up, the Fibonacci retracement line near $143 and then the 200-day moving average line plotted in white become the next most-likely floors. Cardinal Health (CAH)Cardinal Health shares have been fighting a losing battle since 2015, partially because it's in the wrong business at the wrong time, and partly because it's dealing with some company-specific challenges.Although it's still logging lower highs, the failure to make lower lows since late-2018 offered a glimmer of hope that the selling may finally be coming to a close and a new uptrend could be close to taking shape. As of Tuesday's close though, CAH stock is one more bearish day from slipping back into a bearish paradigm. * 7 Stocks the Insiders Are Buying on Sale * Click to EnlargeThe make-or-break level is right around $42, marked in yellow on both stock charts. Yesterday was the third day that area acted as a floor. * Adding bearish fuel to the fire is the repeated resistance seen at the 200-day moving average line plotted in white on both stock charts. The two most recent instances are highlighted on the daily chart. * Should the floor at $42 break, the next most-likely floor is the line that connects all the key lows going back to 2015. Currently near $38, it's marked in red on the weekly chart. Dish Network (DISH)Finally, back on July 25 I pointed out that Dish Network had just logged a telling bar. That is, on July 24, DISH stock formed an "outside day," where that day's range completely engulfed the previous day's high/low range just with the open and close on the 25. It's a strong clue that a major swing in sentiment had just materialized.As scripted, the bears sank their teeth into Dish Network that same day, dragging the stock lower through Monday of this week … with some help from the market. Regardless of the context or reason though, on Tuesday we started to see subtle signs that the bears are done, and are now yielding to the bulls. * Click to EnlargeOne of those signs is of course Tuesday's gain, as part of a hammer-shaped bar. The open and close near the high of a fairly tall bar indicates a transition from a net-selling to a net-buying environment. * The volume bars also point to an end to the bearish pressure and the beginning of a bullish tide. The volume was falling all the way down, but was up a bit again on Tuesday when DISH stock was rising. * Curiously, the low from Tuesday, and what may be the absolute low for this pullback, aligns with the low $30.90, plotted in yellow, from May that took shape right in front of a rather big rally.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 Cyclical Stocks to Buy (or Sell) Now * 7 Biotech ETFs That Should Remain Healthy * 7 of the Hottest AI Stocks to Buy Now The post 3 Big Stock Charts for Wednesday: Cardinal Health, Dish Network and Global Payments appeared first on InvestorPlace.
Potential layoffs have been a major concern in T-Mobile's planned $26.5 billion Sprint takeover. The deal with Dish helps provide insight into how the companies approach employment.