|Bid||36.70 x 900|
|Ask||36.70 x 1400|
|Day's Range||36.54 - 37.13|
|52 Week Range||35.21 - 50.96|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||14.11|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||51.50|
FOX News has named Viant Technology’s Jeff Collins as Executive Vice President of Advertising Sales, announced Marianne Gambelli, President of Advertising Sales for Fox Corporation. Starting today, Collins will oversee advertising sales for all of FOX News Media including, FOX News Channel, FOX Business Network and FOX News Digital.
Take a look at the world's top 10 entertainment companies, spanning the movie, television, cable television, gaming, and streaming video sectors.
Fox Corp. (FOX)(FOXA), which was formed in March following The Walt Disney Co.'s (DIS) acquisition of the majority of 21st Century Fox, held an investor day event on May 9. What remains at Fox following the Disney deal is the television business (the eponymous broadcast network and 28 television stations) as well as a few cable channels (primarily Fox News, Fox Business and Fox Sports). Warning! GuruFocus has detected 4 Warning Signs with GRBK.
NEW YORK and LOS ANGELES , May 16, 2019 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) (the "Company") today announced a change of date for Chief Financial Officer Steve Tomsic's participation ...
Last week showed two of the routes sports media companies can take when it comes to legalized gambling. Disney, which owns ESPN, is content to produce gambling-related content, but “I don’t see the Walt Disney Co., certainly in the near term, getting involved in the business of sports gambling,” Disney Chairman and CEO Bob Iger said during his company’s second-quarter conference call. Fox Sports, though, has decided it wants to get into the business of gambling.
Fox Corp Class A (NASDAQ: FOXA )'s third-quarter print brought no big surprises, and the investor day held Thursday was broadly in-line with expectations, according to BMO Capital Markets. The Analyst ...
April Marks Fourth Month in a Row FOX News Digital Surpassed 100 Million Unique Visitors
Bernie Sanders did it. So did Amy Klobuchar. Pete Buttigieg and Kirsten Gillibrand are about to. But it doesn’t look like you will be seeing Elizabeth Warren fielding any questions from a Fox News audience anytime soon.
(Reuters) - Wall Street Journal-owner News Corp reported a surprise quarterly profit on Thursday, driven by strong growth in earnings at its book publishing and subscription video services units. Trying ...
Disney delivered more of its magic last quarter. However, Trip Miller at Gullane Capital Partners and Disney shareholder, sees enormous potential for the company to still grow.
So far this year, the stock market has been on a tear, but there are a few stock who have earned special rocket-ship rides. Disney (NYSE:DIS) stock came into its earnings report up 23% year to date, which is 50% more than the S&P 500. They have had a banner year, making major acquisitions and announcements to better situate them smack dab in the middle of the streaming wars.Source: Baron Valium via FlickrNetflix (NASDAQ:NFLX) proved that the concept is viable. Thanks to its efforts, we now know that the world wants to cut the cord and stream its content online. This is a trend that will not reverse, so Disney is adapting rather than risk getting left behind and Wall Street realizes this, hence the recent mega celebration in its stock price action.I equate this industry shift to the one that happened for in the tech world. Those companies like Microsoft (NASDAQ:MSFT) and Adobe (NASDAQ:ADBE) that adopted to the subscription model early enough reaped the rewards on Wall Street. Disney is doing now what MSFT did under the Satya Nadella's reign, which is to adapt and thrive.InvestorPlace - Stock Market News, Stock Advice & Trading Tips DIS Stock and the Long-Term PlanFor DIS to accomplish this is not easy or cheap. The operational costs alone are massive, and once you add to that their acquisitions of critical assets, the bills is humongous. But they did receive gems like their stake in Hulu which is instant online presence completely additive to their future offerings.Costs are worrisome, especially since we know that Netflix spends 18 billion per year on content. However, therein lies the Disney advantage -- they already own massive libraries. The demand for their content spans the globe. There are few people on the planet who don't know the house of mouse. As for future content, Disney can produce its streams much cheaper than NFLX, so it can compete on thinner margins to gain share. * 10 Great Stocks to Buy on Dips Disney stock has healthy fundamentals. It sells at an 18 price to earnings ratio so it's not bloated. But I caution buying it up here even after a strong earnings report.Management beat expectations on all metrics. This includes sales, earnings, parks and products. It is important to note that the studios delivered higher operating income than forecast and perhaps this is a good omen to the streaming strategy. Bob Iger announced that the latest Avengers movie will stream on Disney+ starting Dec. 11. So I am not yet sure if this is a headline for the movie or the launch date of the streaming platform yet.There were some disappointments in the media networks with lower cable & broadcasting income and an increase in costs and a decrease in ad revenues. Nevertheless this was a strong report with no causes for concerns. What Should You Do About Disney Stock?Now for the important question: Is DIS stock a conviction buy here?No.Yes, I am confident that the company is making all the right moves. However, I am concerned that the investors have already more than priced in the upside, especially after the $15 spike in April. From here I bet that there are too many weak hands below. At the first sign of trouble, these folks will hit the sell button first then ask questions later.For the very long term, a few dollars won't make a big difference, so those investors should just buy it now. But for the rest of us who prefer to find smart zones to enter trades, there are levels to know for the mid term.If DIS loses $132 per share then it would trigger a bearish program to target $127.50. Then if that level breaks, it could fill the massive gap to $118 per share. It is important to note that this is not a forecast but it is a reasonable scenario especially that the whole market is in jeopardy this week from the China headlines and deadlines. Disney will not likely rally all by itself if the S&P 500 is correcting.To the upside, if the bulls can break through $138 per share, they can then work on setting new all-time highs. I don't like to chase a stock after such a big run with conviction. If I don't already own the shares, I'd consider myself having missed it for now and I would wait for a better entry point.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dangerous Dividend Stocks to Stay Far Away From * 7 Tips for New Investors Young and Old * 10 Great Stocks to Buy on Dips Compare Brokers The post Disney Stock Reported a Strong Quarter, But Don't Buy Now appeared first on InvestorPlace.
Stamps.com, Keurig Doctor Pepper, General Electric, Edgewell Personal Care and Fox are the companies to watch.
Stars is no stranger to partnering with a media asset to deliver sports betting: the company acquired the U.K.'s Sky Betting & Gaming in 2018, Allen said in a Thursday note. If Stars controls 10 percent of the estimated $5-billion sports betting market by 2025, the business would be worth $2 per share in a base case scenario, Allen said.
Newly created stand-alone cable and news company Fox Corp. broadcasts fiscal third-quarter earnings that beat analysts' forecasts.
NEW YORK and LOS ANGELES, May 9, 2019 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) announced today that its Board of Directors has approved a semi-annual dividend of $0.23 per share on the Company's ...
Fox Sports says it is buying just under 5% of the Stars Group for about $236 million, and that both companies will offer real-money sports betting this fall in states where it is legal and the companies are licensed.
Fox Corp. and Stars Group Inc. announced a partnership Wednesday that includes joint development of a sports-gambling app with Fox branding, sending Stars Group shares soaring more than 20% higher in after-hours trading. Stars and Fox signed a 25-year deal and said they expect to launch two apps, a free-to-play version with cash prices for predicting outcomes of sporting events and a real-money wagering app called Fox Bet for users who live in states where sports gambling is legal. Both apps are expected to launch this fall. Fox also invested in Stars, buying 14.35 million freshly issued shares, 4.99% of the company, for $16.44 a share, and will have the right to purchase up to 50% of the company for the next 10 years. Stars shares ended Wednesday's session at $17.49, but topped $21 in after-hours trading following the announcement.