FOX - Fox Corporation
37.38 +0.34 (0.92%)
After hours: 5:17PM EDT
| Previous Close | 36.96 |
| Open | 37.12 |
| Bid | 37.02 x 1100 |
| Ask | 39.80 x 2200 |
| Day's Range | 36.62 - 37.21 |
| 52 Week Range | 33.32 - 50.96 |
| Volume | 1,344,926 |
| Avg. Volume | 1,848,675 |
| Market Cap | 22.984B |
| Beta (3Y Monthly) | N/A |
| PE Ratio (TTM) | 14.26 |
| EPS (TTM) | 2.60 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.46 (1.27%) |
| Ex-Dividend Date | 2019-05-17 |
| 1y Target Est | 51.50 |
- Business Wire•3 hours ago
FOX News Digital Delivers Strongest Quarter Ever Among Multi-Platform Views
FOX News Digital Leads CNN in Total Views and Minutes for June and Q2 2019
- Business Wire•7 hours ago
Jason Klarman Named Executive Vice President of Marketing for FOX News Media
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.
- Benzinga•15 hours ago
This Day In Market History: MSNBC Launched
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•2 days ago
Barron’s All-Stars Sniff Out Bargains in Sky-High 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 mnewkirk@bloomberg.netTo contact the editors responsible for this story: Stephen Merelman at smerelman@bloomberg.net, Ros Krasny, Virginia Van NattaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Yahoo Finance•6 days ago
Should investors be worried about WWE?
WWE's stock has been down significantly since it Q1 earnings miss.
- InvestorPlace•8 days ago
Disney Stock Will Reward You for the Long Haul
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.
- MarketWatch•14 days ago
Japan isn’t as clean as Tucker Carlson or Trump may think
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?
- Business Wire•14 days ago
FOX News Channel Marks 70 Consecutive Quarters as the Most-watched Cable News Network in Total Day and Primetime
FNC Continues to Dominate All of Basic Cable in Total Day and Primetime for Month of June and Second Quarter 2019
- Bloomberg•14 days ago
Not Even the Avengers Can Rescue Movie Theaters
(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 tlachapelle@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis 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.
- Zacks•18 days ago
New Strong Sell Stocks for June 28th
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
- PR Newswire•19 days ago
Fox Corporation Names Claudia Teran Executive Vice President And Corporate General Counsel
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.
- Benzinga•19 days ago
WWE Goes Back To The 'Attitude Era' To Try And Freshen Up Sagging TV Ratings
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.
- Benzinga•20 days ago
Options Trader Makes Aggressive Bullish Play On Stars Group Rebound
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.
- MarketWatch•20 days ago
Former Fox News reporter leaves network over ‘partisan misinformation’
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.
- American City Business Journals•20 days ago
Fox Sports mixes storytelling, spectacular imagery to put together strong production for U.S. Open
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.
- Simply Wall St.•21 days ago
A Closer Look At Fox River Resources Corporation's (CNSX:FOX) Impressive ROE
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
- Investopedia•21 days ago
Top Grossing Sci-Fi Films Of All Time
Science fiction movies are not just for nerds anymore. In fact, these films can be big money makers at the box office.
- Investopedia•21 days ago
Economics of Hulu, Netflix, Redbox and Blockbuster
Learn how these on-demand entertainment giants have already changed the way we consume entertainment.
- Investopedia•21 days ago
3 ETFs to Buy Following Net Neutrality Repeal
Telecommunication conglomerates are set to benefit from the removal of net neutrality laws. Discover three ETFs to gain exposure to these companies.
- Investopedia•21 days ago
Disney Close to Receiving US Antitrust Approval on Fox Merger
Disney recently topped Comcast’s bid with a new $71.3 billion cash and stock offer for Fox’s coveted media assets.
- Investopedia•21 days ago
Disney's Stock Seen Rising by 17%
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.
- Investopedia•21 days ago
Klarman Bought 21st Century Fox in Q2: 13F
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).
- InvestorPlace•25 days ago
Why Long-Term Investors Should Buy Disney Stock at Every Dip
Over the past three months, Disney (NYSE:DIS) stock has rewarded shareholders well. I believe that shares of Disney, the leading entertainment and broadcasting company, belong in a diversified long-term portfolio, as the company has an extremely strong global entertainment brand and exciting growth prospects in streaming media. Year to date, DIS stock is up 29%.Source: Shutterstock However, it may now be time for investors to take some of the impressive paper profits in Disney shares. In the next several weeks, I expect DIS stock to be volatile and Disney stock price to decline, possibly until the company's next earnings report in early August. Here are the most important things that investors should know about DIS and Disney stock. DIS Stock Has Diversified Revenue Streams * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 There are several catalysts that may help Disney stock price reach new highs in the coming quarters. One of them is its diversified and robust revenue streams, spanning across multiple geographies. The conglomerate also enjoys tremendous brand recognition globally.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFour segments generate Disney's revenue: * Media Networks (such as ABC and ESPN; 41% of revenue) * Parks & Resorts (such as Disneyland and cruise lines; 34% of revenue) * Studio Entertainment (including Lucasfilm, and Marvel; 17% of revenue) * Consumer Products & Interactive Media (including Disney Store, and ESPN+; 8% of revenue)On May 8, the company reported earnings for its second fiscal quarter. It logged revenues of $14.9 billion on earnings per share of $1.61 and beat analysts' estimates on both the top and bottom line.Results from its operating segments varied. CEO Bob Iger highlighted higher affiliate revenues from ESPN, as well as the popularity of its domestic theme parks. DIS also said that it would be repositioning itself towards direct-to-consumer services.Now shareholders would like to see another strong quarter when Disney reports earnings, expected on Aug. 6. 2019 Has Been an Exciting Year for Disney Movies and Theme ParksFor all four segments, there have been many positive developments this year.This year's movie list for Disney is quite impressive. In April, Disney stock price soared when the company said that the opening of Avengers shattered box office records.Memorial Day weekend saw moviegoers fill up theaters nationwide to watch the live-action remake of Aladdin, as the movie grossed $112.7 million at the box office -- a Memorial Day record.Following the $2 billion Avenger success story, the positive reception of Aladdin by the public is rather important because it could set the stage for Disney to further update its other iconic movies for the younger generations and their parents.Management has recently pointed out that, despite the trade tensions, many movies are seeing huge interest in China.Meanwhile, Disney's theme parks are also enjoying increasing attendance rates and higher guest spending, leading to double-digit revenue growth. And devoted Harry Potter fans have not hesitated to wait up to ten hours in line to ride the new roller coaster. Therefore, analysts are expecting another stellar year for the parks. Disney+ May Become a Game ChangerThe company's new streaming service, Disney+, will launch on Nov. 12 and will include original movies and TV shows from Disney's brands, including ABC, A&E, Disney Channel, Disney Studio, Fox Assets, Lifetime, Marvel, National Geographic, Pixar, Star Wars and The History Channel.In the U.S., the service, which is likely to appeal to a wide range of viewers, will cost $6.99 a month or $69.99 a year. And the global launch of Disney+ will start in early 2020.Analysts expect Netflix (NASDAQ:NFLX) to be adversely affected by the launch, as DIS is removing its movies from Netflix. At present, Netflix needs to constantly produce original content or license content from other providers. Hence, Netflix has sizeable content costs.Netflix's most popular plan, the Standard tier, costs $12.99 a month, or twice the expected price of Disney+. It will be interesting to see how this price differential will affect the choice of subscribers.Could there possibly be a price war around the corner that could benefit the U.S. consumer? And could Disney+ potentially cost Netflix an important portion of its user base?Disney's ESPN+ platform, the DTC sports entertainment video service, currently has over 2 million subscribers. And the company expects that total to reach 12 million by 2024.In March 2019, Disney also finalized the acquisition of some of Twenty-First Century Fox's -- or, as it is now called, Fox Corporation's (NASDAQ:FOX, NASDAQ:FOXA) -- assets. The deal has given Disney access to Fox's popular film production businesses, including 20th Century Fox, Fox Searchlight Pictures, and Fox 2000, as well as Fox's television businesses.Bob Iger, who has been credited with building up Disney's intellectual property (IP) space, is upbeat about the positive effects of Fox's popular franchises and branded content on Disney's ecosystem. After this acquisition, Disney controls Hulu, another streaming-media company. Hulu is expected to have mostly adult content as opposed to Disney+, which will focus on kids and will not even feature any R-rated movies.In other words, as of 2020, DIS will be able to stream the combined content library of Disney and Fox over three platforms: Disney+, ESPN+ and Hulu. And their combined momentum may very well push Disney stock to new highs. Will DIS Stock Hold Up Well During an Economic Downturn?InvestorPlace columnist Josh Enomoto has analyzed how a prolonged trade war between the U.S. and China could adversely affect Disney stock price. I'd like to highlight that Wall Street has also voiced concern that the U.S., as well as the global economy, could be headed for an economic downturn.DIS is a cyclical stock . Prices of cyclical stocks tend to follow the business cycle. And, during prolonged economic downturns, cyclical stocks suffer. Let's briefly remember how the economic downturn of a decade ago affected DIS stock.In July 2009, Disney's quarterly profits fell 26% as the company said it was "hurt by soft advertising sales at ABC and ESPN and dropping consumer spending at Disney World. The company also continued to suffer from a creative slump at its film studio."During downturns, many businesses cut their ad budgets. Because Disney depends on advertising dollars, during an economic contraction, maintaining positive revenue, strong margins, and earnings growth might become difficult for DIS. Over time, share prices and earnings expectations tend to move in tandem.Hollywood is already nervous about how an upcoming recession may affect its results. Given that DIS is a conglomerate that makes and distributes movies, will Disney and Disney stock be immune to an economic decline? An economic downturn may adversely affect Disney's sales, particularly in Consumer Products as well as Parks & Resorts segments. Where Is DIS Stock Now?In 2019, Disney stock has caught the attention of investors. On Apr. 11, prior to Disney's investor day presentation, the share price closed at $116.60. The next morning, DIS stock gapped up to open at $127.91. Then, on April 29, DIS stock reached what was then an all-time high of $142.37.In early May, Disney stock gave back back some of its April gains, mirroring the stock market's volatility. On May 31, the stock saw $130.78. June has once again been good to shareholders, as the stock reached an all-time high of $142.95.So what is next for Disney stock, especially given that we have a fundamentally strong stock that might be making a double top in the technical charts?As a result of the recent impressive run-up of DIS stock, short-term technical indicators have become overextended. Investors who pay attention to short-term oscillators should note that Disney stock has become "overbought."Therefore, between now and Disney's next earnings report in early August, there is likely to be some profit taking in Disney shares.In such a case, DIS stock price could fall to the $130 area. If there is any further volatility and decline in the broader markets or the industry, then Disney could fall even further, toward $115, where Disney stock has major support. Then DIS may trade sideways between $115 and $125.It's almost impossible to time a top and a bottom in the markets. However, it may be timely to take some of the paper profits in Disney stock. Alternatively, you may want to hedge your long stock position with a covered call that expires on July 19. That expiration date would give you enough time to evaluate your position prior to Disney's upcoming earnings.Finally, if you are not yet a Disney shareholder, you may use any dip in the stock price to buy into the shares. Bottom Line on Disney StockWithin the past decade, the entertainment marketplace has been changing, as we have witnessed the impressive growth of streaming and mobile video. Disney has been adding to its entertainment empire, and I regard DIS stock as one of the key media and entertainment names to buy for value and future growth. * 6 Stocks Ready to Bounce on a Trade Deal However, the rest of June and July may bring further volatility to the stock market and I am expecting Disney stock to be hurt by further short-term profit taking.Long-term investors may want to use any potential price declines, especially around the $115- $125 level, as opportunities to buy DIS stock. Those who buy Disney stock will also benefit from its dividend, which provides a yield of 1.25%. In three to four years, patient shareholders are likely to be rewarded handsomely by DIS stock.As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Blue-Chip Stocks to Buy for a Noisy Market * 5 Strong Buy Biotech Stocks for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal Compare Brokers The post Why Long-Term Investors Should Buy Disney Stock at Every Dip appeared first on InvestorPlace.
- Zacks•26 days ago
New Strong Sell Stocks for June 20th
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.
- Yahoo Finance Video•8 days ago
U.S. women win back-to-back World Cup titles, crowd chants 'equal pay'
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.
