|Bid||0.00 x 1200|
|Ask||0.00 x 4000|
|Day's Range||36.09 - 36.71|
|52 Week Range||33.32 - 50.96|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||13.92|
|Forward Dividend & Yield||0.46 (1.27%)|
|1y Target Est||51.50|
The U.S. Women's National Team defeated the Netherlands in the finals yesterday 2-0 to become the second team in history - men or women - to win back-to-back World Cup titles. The crowd was heard chanting "equal pay" when the women received their trophy. Yahoo Finance's Zack Guzman and Brian Cheung are joined by Ian Wishingrad, ‘BigEyedWish’ founder, to discuss.
NEW YORK and LOS ANGELES , July 17, 2019 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) will discuss fiscal fourth quarter and full year fiscal 2019 financial results via a live audio webcast beginning ...
FOX Business Network has signed journalist Grady Trimble as a general assignment business reporter, announced Brian Jones, president of the network. Starting July 22nd, Trimble will be based out of FBN’s Chicago bureau covering the auto industry, agriculture and commodities market along with breaking news.
Jason Klarman has been named Executive Vice President of Marketing for FOX News Media. Mr. Klarman will begin his new position immediately, overseeing brand strategy for FOX News Media which encompasses FOX News Channel (FNC), FOX Business Network (FBN), FOX News Digital, the direct to consumer streaming service FOX Nation, FOX News Radio, FOX News Headlines 24/7 and FOX News podcasts.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day 23 years ago, popular cable news channel MSNBC was launched. Where The Market ...
(Bloomberg) -- Barron’s caught up with most of its all-star investor panel members to sniff out remaining bargains at a time when the U.S. stock market is at a record high and risks -- including trade conflicts, Federal Reserve policy and the 2020 presidential election -- are closing in.Here’s what some of them are thinking, as reflected in the cover story of Barron’s July 15 issue.Todd Ahlsten, lead portfolio manager of the Parnassus Core Equity fund at San Francisco’s Parnassus Investments, picks Trimble Inc., which sells hardware and software for construction, agriculture, trucking and surveying and has a $50 billion addressable market. He’s also sticking with Nvidia Corp., a high-flying tech stock that plummeted since its October peak.Scott Black, founder and president of Delphi Management, says the market is really expensive but could go higher if the U.S. trade dispute with China is resolved. He recommends Kemet Corp., a leader in capacitors that’s trading at $18.13, down from $30 a year ago, and TriplePoint Venture Growth BDC Corp., a diversified investment company.Abby Joseph Cohen, senior investment strategist at Goldman Sachs Group Inc., says the U.S.-China trade war is contributing to lower capital spending and that a Fed interest rate cut won’t change that. The risk of another federal budget showdown also could hurt equities. Her picks: the SPDR S&P Dividend ETF, which is linked to the S&P Composite 1500 and can include small-cap and mid-cap stocks; Japanese auto-parts company Denso Corp.; and pharmaceutical company Eli Lilly & Co.Oscar Schafer, chairman of investment advisory company Rivulet Capital LLC, is sticking with picks from earlier in the year. He likes Ball Corp. and Crown Holdings Inc., aluminum can manufacturers benefiting from bad press about the environmental impact of plastic containers, as well as Sealed Air Corp., another packaging company, and discount retailer Dollar Tree Inc.Henry Ellenbogen, the former manager of T. Rowe Price New Horizons fund who recently left to form his own venture, says the 2020 election cycle stokes unpredictability. His picks include Vail Resorts Inc., which he says could move as high as $300 a share (from Friday’s $227.49), and real estate companies FirstService Corp., and Redfin Corp.Meryl Witmer, a general partner at the hedge fund Eagle Capital Partners, said equity valuations are “all over the place,” with bubbles in some stocks while industrial-type companies are “wallowing at low valuations.” She likes Morgan Stanley, Swiss-based cement producer LafargeHolcim Ltd. and Fox Corp., which was spun out of 21st Century Fox at the time of Disney’s acquisition of 21st Century Fox assets.Geopolitical risks are high, and the easy pickings from globalization in creating a cheap labor force are mostly over, said William Priest, CEO of Epoch Investment Partners. His mid-year picks included gaming company MGM Resorts International and Centene Corp., a health insurer active in Medicaid and the Obamacare exchanges.(Updates with Witmer, Priest picks in final bullets.)To contact the reporter on this story: Margaret Newkirk in Atlanta at email@example.comTo contact the editors responsible for this story: Stephen Merelman at firstname.lastname@example.org, Ros Krasny, Virginia Van NattaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Disney (NYSE:DIS) is an old and well-established dog, but one that is learning an important new trick. Today we highlight the potential upside opportunity of the addition of more streaming to its family of products -- adding Disney+ to ESPN+. This should take Disney stock to a new level.Source: Shutterstock Investors have already started the process, which is evident from DIS stock's incredible rally since March. Year to date Disney is up 30%, which is almost double that of the Dow Jones. So clearly it is in favor on Wall Street.It is tempting to short such a steep rising wedge, but that would be a mistake in the long run. Disney's new streaming platform will change the game for this company and its bottom line. In fact, it is not too late to add DIS shares into portfolios.InvestorPlace - Stock Market News, Stock Advice & Trading Tips DIS Stock and the Streaming RevolutionNetflix (NASDAQ:NFLX) is the disruptor that made consumers want to consume media in a brand new way. First NFLX started by sending us DVDs by mail, and it had its devout following from the get-go. But then sneakily they switched us all to streaming and we loved it. Sure, they've had their fair share of flubs with pricing but eventually management proved itself competent to grow into the giant it is now.Disney stands to benefit from that starting this year. * 7 A-Rated Stocks to Buy for the Rest of 2019 So we now know some facts. First, the world wants the media to come to their devices whether it be smartphones , tvs or tablets.Second, we also know that the delivery method via streaming is the way to go. Most households now have internet connections that are fast enough to accommodate the trend. Moreover, we have 5G coming to make that even more ubiquitous.So it comes down to content, and Disney has gobs of it. Once they turn the service on, the revenues will flow. And with a good cost basis, the profits should also grow exponentially.There is not one person on this planet that doesn't know Disney's characters, from Mickey Mouse to Darth Vader. It has a huge library of very successful movies that people watch over and over again. And soon they will leverage that by making them available 24/7 from almost anywhere.The new platform could become the stand-in babysitter for most parents. Regardless of what other forms of entertainment families choose, the Disney streaming application will be among them.It is important to note that it won't come down to choosing a winner here. There's enough room for Netflix and Disney to thrive, so each thesis stands on its own.Netflix stock is stalled for now. Disney is just starting. They just need to turn on the spigot and let the content flow.Disney+ pricing sounds like it's low enough that the signup rate will exceed expectations, and that will make investors grab for more shares, and the rally will continue.So this is an operational effort for DIS stock once the decision was made to actually do it. Turn it on and the viewership will grow. Going forward, they know how to produce content at a lower cost than their competition, and much of it is very successful. This new delivery method will merely make them more profitable. Bottom Line on DisneyThe ramp in Disney stock is steep, but not enough to warrant shorting it at this point. So is it a buy here? The answer is yes, especially if for the long term.The truth is that DIS stock has always been a buy. It is one consistent performer that rewards its holders well through thick and thin.For the investors who prefer to trade around the shorter-term gyrations in the stocks, these are our levels to know.If DIS stock can set a new high at $143.50 it could start another bullish burst to target $155 per share. The rising wedge also raises the risk of falling back to the $135 zone if the June trend fails.It is also important to note that if the general equity markets fail in a big way, DIS stock has an open gap to $119 per share that could fill. Although this is not my forecast, it is a scenario that exists.In summary, the Disney story is just starting a new chapter, one that starts soon and will raise eyebrows on Wall Street. I would want to already be long when people realize that the upside potential is even greater than anticipated.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. Join his live chat room free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks to Buy for the Rest of 2019 * 7 Education Stocks to Buy for the Future of Academia * 5 Stocks to Buy as You Rebalance Your Portfolio The post Disney Stock Will Reward You for the Long Haul appeared first on InvestorPlace.
Interviewing President Donald Trump in Japan, Fox News host Tucker Carlson marveled at what he said was the cleanliness of cities like Osaka and Tokyo, prompting Trump to say he may “intercede” to clean up American cities. But did Carlson get a good look around Japan?
FNC Continues to Dominate All of Basic Cable in Total Day and Primetime for Month of June and Second Quarter 2019
(Bloomberg Opinion) -- Walt Disney Co. is almost single-handedly propping up the U.S. box office this year. That doesn’t bode well for the theater industry, because 2019 may be as good as it gets for Disney’s movie-making business. Just $5.62 billion of tickets have been sold in North American movie theaters, about a 10% drop from the first half of last year, according to Box Office Mojo. Disney, which has released a blockbuster a month since March, starting with “Captain Marvel,” drove more than a third of those ticket sales. That’s by far the biggest share the company has ever taken – and that’s not including the films Disney inherited from its recent $85 billion acquisition of 21st Century Fox. Since hitting the big screen in April, Disney’s “Avengers: Endgame,” another film from its Marvel collection, has come extremely close to unseating “Avatar” as the world’s highest-grossing film of all time, capturing $2.76 billion in ticket sales globally. Last weekend, it was re-released with bonus footage in a final push to claim the title. But while Disney works on breaking that record, theater operator AMC Entertainment Holdings Inc. is reluctantly shattering another: Its stock dropped to an all-time low on Tuesday. AMC has declined 25% year to date, amid sluggish attendance at its multiplexes. After its market value slid below the $1 billion mark last week, the company is worth barely more than the $835 million it paid to acquire Carmike Cinemas three years ago. Theater businesses have become increasingly dependent on food and beverage sales as they get squeezed by studios like Disney when it comes to ticket revenue, so AMC and its shrinking number of rivals have hoped that cinema upgrades and better food would boost turnout. AMC even noted prominently in its latest 10-K filing that 345 of its theaters now have recliner seating and that alcohol is offered in nearly as many.(1)Problem is, in the age of Netflix and a burgeoning market of copycats, a beer and comfy seat apparently aren’t enough to draw a sizable audience away from their own couches. Only big-budget, superhero blockbusters and remakes of beloved classics seem to do that – and those are Disney’s bread and butter. This summer’s Disney/Pixar lineup is a blast from the 1990s, with “Toy Story: 4” currently in theaters and “The Lion King” opening July 19. Among the company’s other coming attractions are “Frozen 2” and “Star Wars: The Rise of Skywalker.” Tuesday does mark the domestic debut of "Spider-Man: Far From Home,” which is distributed by Sony Corp., not Disney, even though it’s part of the Marvel Cinematic Universe. Boxoffice Pro projects a strong $120 million opening weekend, which would help businesses like AMC. However, the film’s hilariously bad marketing posters were mocked on social media for what looked like a beginner Photoshop job, with Samuel L. Jackson using the hashtag headsgonroll. It speaks to the difference in quality of a Disney project. That said, Disney’s success this year will be quite difficult to repeat, as I wrote in April. Its studios have fewer blockbusters slated for next year, and it’s also slowing down production of future “Star Wars” films. After Episode IX, the next Lucasfilm release isn’t until December 2022. Disney has also delayed “Avatar 2,” a franchise that came with its Fox deal, until December 2021. That means any resurgence in the theater industry may be at least two years away. As for the theaters themselves, there’s the question of whether Disney decides to reserve future smaller Fox films for its own streaming apps instead of sending them to the big screen. Disney+, the company’s version of Netflix, launches in November, and it plans to somehow bundle the product with Hulu, which it now controls. While Disney tries to drive subscriptions for those services, it’ll need to make tough calls about where to direct spending and premiere its content. Its competitors, such as Warner Bros. parent AT&T Inc. and Universal Pictures parent Comcast Corp., will have to do the same. Disney’s tent-pole pictures may always attract theatergoers. Whether that’s enough to keep cinemas alive is another story.(1) Furthermore, the average ticket price fell this year for the first time since 1993, Box Office Mojo data show.(Some studios may also look to shorten the amount of time their flicks stay in theaters, making snacks all the more crucial to a cinema’s bottom line.)To contact the author of this story: Tara Lachapelle at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering deals, Berkshire Hathaway Inc., media and telecommunications. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
LOS ANGELES, June 27, 2019 /PRNewswire/ -- Fox Corporation (NASDAQ: FOXA, FOX) (the "Company") today announced the appointment of Claudia Teran as Executive Vice President and Corporate General Counsel. Teran, who will report to Fox Corporation Chief Legal and Policy Officer Viet D. Dinh in her new role, will also continue to serve as FOX Sports General Counsel. Teran will now also supervise business and legal affairs for the Company's entertainment assets, as well as corporate legal areas such as acquisitions, content distribution, digital, privacy, advertising, and music rights.
World Wrestling Entertainment, Inc. (NYSE: WWE) is looking to the past in an attempt to jumpstart its slumping TV ratings and attendance. After an extended TV contact with Comcast Corporation (NASDAQ: CMCSA) to air both “Raw” and “SmackDown” on the USA Network, “SmackDown” will be making the jump to Fox Corp (NASDAQ: FOX) this fall.
On Wednesday morning at around 9:02 a.m., Benzinga Pro subscribers were alerted to a purchase of 1,159 Stars Group call options at an $20 strike price that expire Nov. 15. The calls were purchased at the ask price of 94.7 cents and represent a $109,757 bullish bet that Stars Group shares will trade above $20.94 in less than five months' time. This second trade represented a $82,700 bullish bet on Stars Group.
Carl Cameron spent more than two decades at Fox News as one of the network’s political correspondents. He called it quits back in 2017 and now, as he embarks on another project, he explains why he left.
Fox Sports’ U.S. Open production from Pebble Beach this month was the network’s best golf telecast in the five years that Fox has produced the tournament.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
Telecommunication conglomerates are set to benefit from the removal of net neutrality laws. Discover three ETFs to gain exposure to these companies.
The Walt Disney Co.'s (DIS) stock has come under pressure over the past year with the stock down by about 10%, severely underperforming the Consumer Discretionary Select Sector SPDR ETF (XLY), which has jumped by nearly 17.5%. But analysts are still bullish on shares of Disney and see the stock rising by roughly 17% from its current price of almost $102. The pendulum was starting to swing in Disney's favor as investors began focusing on the new online streaming media service and the acquisition of assets from Twenty-First Century Fox, Inc. (FOX). Analysts have been raising Disney's price target since the start of the year and have an average price target, according to Ycharts, of roughly $119, about 17.5% higher than the current stock price.
Earlier this week, money managers at top hedge funds around the country submitted 13F filings with the U.S. Securities and Exchange Commission (SEC). Seth Klarman, the billionaire head of Baupost Group, is a favorite of those who closely follow the quarterly 13F releases, and for good reason: his firm's 13F filing for Q2 suggests that Baupost's 13F portfolio value climbed by more than $1 billion in that three-month period. Other new positions in Klarman's portfolio include Tribune Media Co. (TRCO) and Sinclair Broadcast Group Inc. (SBGI).