FOX - Fox Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
35.74
-0.09 (-0.25%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close35.83
Open35.88
Bid35.79 x 1200
Ask0.00 x 800
Day's Range35.35 - 36.05
52 Week Range33.32 - 50.96
Volume2,011,514
Avg. Volume2,154,278
Market Cap22.316B
Beta (3Y Monthly)N/A
PE Ratio (TTM)13.76
EPS (TTM)2.60
Earnings DateN/A
Forward Dividend & Yield0.46 (1.28%)
Ex-Dividend Date2019-05-17
1y Target Est51.50
Trade prices are not sourced from all markets
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  • Remember the Epic $100 December Rally in Netflix Stock? It’s Coming Back
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    Remember the Epic $100 December Rally in Netflix Stock? It’s Coming Back

    I remember times when Netflix (NASDAQ:NFLX) hogged the headlines for weeks on end. These days, Wall Street is more preoccupied with cannabis stocks, or initial public offerings (IPOs) like Uber (NYSE:UBER) and, more recently, Beyond Meat (NASDAQ:BYND). While it's no longer in the limelight, NFLX stock is silently making moves in the background.Source: Shutterstock It has been consolidating for a long while. But the opportunity today is with the levels where this action is taking place.Netflix stock is trading inside a range to establish a base camp that could catapult shares of NFLX $100 higher. Yes, it could still make a move to the high $400 per share. This opportunity is technical, so I would label it as tactical with medium conviction. It is independent of the company's current value and its odds of long-term success.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSince March 2018, Netflix stock has used $335 per share area as a major pivot. A year ago, the bulls broke NFLX out of that pivot. But then the fall correction reversed that move and sent NFLX shates the other way into its December lows. * 7 U.S. Stocks to Buy With Limited Trade War Exposure Then NFLX bounced off the lows very sharply and has spent all of 2019 consolidating around the same $335 per share zone. This is not a hard line in the sand but rather a band where bulls and bears are fighting it out fiercely. The end result of this stalemate will be a big move but where the direction is still unknown.If the equities in general rally, I bet Netflix will break out from these clutches. The exciting part comes from the fact that this would be a bullish inverse head-and-shoulder pattern that would result in a $100 move. This would be the opposite pattern to the one that crashed the stock last October from almost the same zone.This year, the bulls are in control of the stock market. Yes, we've had our bearish stints but the bulls bought the dips. While sentiment is not perfect, especially since we have an ongoing trade dispute between the U.S. and China, the U.S. Fed is now on the side of equities.This recent swoon is a perfect example. When the S&P 500 fell on Trump's Mexicican tariff tweet, traders followed up that reaction with the best week of the year. The bears are unable to sustain the selling and that's why the stock market is are near all-time highs.This helps Netflix stock in deciding which way the move will go from this tight situation. If the near- to long-term price action trends higher, then NFLX stock is likely to break out. Once Netflix shares pass the last fail level, momentum buyers would come into play. Click to Enlarge This is still a momentum stock so when it catches a wind it accelerates in that direction. So then buying begets more buying. Those who chase it like to buy high and sell higher.There are short-term lines to know …Above $385 per share would be the best trigger for this move. But there will be resistances at $367 and $372. I know this sounds impossible, but as we've seen the rally in December, NFLX stock can move 40% in a matter of days.Conversely, below $332 per share would invite sellers so traders should set tight stops unless they plan on turning this trade into an investment. I prefer selling puts below current support to trade moves like this where the breakout is not guaranteed especially when we have so many geopolitical headline risk completely independent of NFLX itself.So what about its fundamentals? This is not a cheap stock. It sells at a 129 price to earnings ratio. But as long as it continues to be a growth stock investors need not judge its profitability. The bullish thesis on NFLX is that it has a massive addressable global market and that it's only begun to scratch the surface.The company has its critics and they are loud and proud. They offer excellent reasons to short it. NFLX spends too much on producing content. They also could have a problem with churn. Although they still have the first mover advantage, competition is nipping at their heels. Normally I wouldn't worry about that yet but this bunch scary potential foes.Disney (NYSE:DIS) is the closest to go head to head and it comes with major advantages. I worry that Netflix management doesn't give DIS enough respect. Every parent on the planet will want to subscribe to Disney's stream because every child on earth will demand it. Luckily for NFLX is that they are both cheap enough that parents may not need to choose between the two yet.Moreover, NFLX ace in the pocket is its content but it comes at a tremendous expense. So they borrow to feed the beast and luckily that rates are not going anywhere for a long while so that's not an imminent danger. But DIS already has content that people want and they do produce new versions much cheaper so they will be able to compete on margin if it comes to it.While I do sound like I am making an anti Netflix argument here, I am not. I do believe that NFLX needs a few miracles to go their way in the long term, here I see a potential rally that could deliver a ton of profits. So I set my alerts to chase it.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 * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for the Coming Recession * 10 Smart Dividend Stocks for the Rest of the Year * 5 Tech Stocks That Are Far Too Risky Right Now Compare Brokers The post Remember the Epic $100 December Rally in Netflix Stock? It's Coming Back appeared first on InvestorPlace.

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  • Why Disney Stock Will Soon Beat the $145 Mark
    InvestorPlace15 days ago

    Why Disney Stock Will Soon Beat the $145 Mark

    Disney (NYSE:DIS) is known as the happiest place on earth and for a while this year, Disney stock was one of the happiest stocks on Wall Street. DIS is up 35% in a year, while the S&P 500 is almost flat.Source: Baron Valium via FlickrClearly, investors love owning Disney stock for now.The bullish thesis for DIS has been consistently based on the slam dunk success of its movies and parks. There were issues around the cord-cutting panic, but investors have finally come to terms with those fears.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow, the incremental element to that thesis is the expectations for DIS's new streaming service to rival Netflix (NASDAQ:NFLX). Bulls have few reasons to fret the event. DIS already owns a ton of content, so it's a matter of installing a spigot, then turning it on.Preliminary pricing information suggests that it's going to be cheap enough that it won't even have to compete with NFLX. Most people will end up with both services for a while at least. * The 10 Best Stocks for 2019 -- So Far But even if it did have to compete with the Goliath, I think that DIS won't be a David. It will be a threat to NFLX instantaneously. But they can both coexist because of the diverse content that they produce. The advantage that Disney has is that it can produce its contents much cheaper than the extravagant sums that NFLX spends on its productions.Streaming is global so the addressable market is massive. Netflix has the first mover advantage from the streaming perspective … but does it? I contend that Disney was the first mover since no one on the planet doesn't know Mickey Mouse. So reaching their audience will not be a problem for DIS.The incremental contribution to the Disney P&L is so potentially huge that I don't think we can accurately evaluate it now. DIS stock sells at a trailing price-to-earnings ratio of 15X. So it's already cheap in absolute terms and it's nine times cheaper than NFLX. All of this means that upside in the stock price is almost a guarantee. How to Approach Disney Stock NowAlthough I'm optimistic about DIS stock in the long term, I'm still apprehensive about the immediate price levels. I just don't like chasing a stock that left a gap below as big as DIS did in April.I realize that there are upside catalysts looming just above current levels, so there definitely are important lines to watch in both directions for the short term. But for those who want to own it for the long term, they need not worry about these gyrations around the gaps.For the rest, I bet that Disney stock fills the gap below as soon as it loses $130.40. This would invite momentum sellers that would quickly target $120 per share. Conversely, if the bulls can break through $136.50, then it could invite buyers to retest the all-time highs. Meanwhile, DIS stock is in no-man's-land for the short term. * 7 Small-Cap ETFs to Buy Now While I realize that not every chart gap fills, I just am uneasy about initiating a full long-term position in DIS with this giant void below. So I should either wait for a better entry point or at most take half of a position to start. This would leave room to add on dips.Yes, I'm confident that the DIS fundamentals are solid, but I still have to account for headline uncertainty. The U.S. is not done fighting its economic war with China and now it may be opening two new fronts with Mexico and India. So there are external reasons to worry about the effects on the DIS stock price.The bottom line is that Disney stock is headed higher over time. Holding it long here is a solid investment. But I still should pick my entry points as cleverly as possible and I just can't fully commit all at once with a giant chasm below.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 * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Retailers Including Disney Agree to Ditch On-Call Scheduling * The 10 Best Stocks for 2019 -- So Far * 7 Small-Cap ETFs to Buy Now Compare Brokers The post Why Disney Stock Will Soon Beat the $145 Mark appeared first on InvestorPlace.

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  • Is It Time to Take Profits in Disney Stock?
    InvestorPlace23 days ago

    Is It Time to Take Profits in Disney Stock?

    Over the past six weeks, Disney (NYSE:DIS) stock has rewarded shareholders well. On Apr. 11, prior to Disney's investor day presentation, Disney stock price closed at $116.60. The next morning, DIS stock gapped up to open at $127.91. Finally, on Apr. 29, DIS stock reached an all-time high of $142.37. Year-to-date, Disney stock is up 22%.Source: Shutterstock I believe that Disney stock belongs in a diversified long-term portfolio, as the company has an extremely strong global entertainment brand and exciting growth prospects in streaming media. * 7 Utility Stocks to Trust for Retirement However, it may now be time for investors to take some of their healthy paper profits in DIS stock. And if you are not already long Disney stock, you may be better off waiting on the sidelines, possibly until the company's next earnings report in early August. But in the next several weeks, I expect DIS stock to be volatile and Disney stock price to decline. Here are the most important things that investors should know about DIS and Disney stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips DIS Stock Has Robust Revenue StreamsThere are several catalysts that may help Disney stock price reach new highs in the coming quarters. One of them is its diversified revenue streams, spanning across multiple geographies. The conglomerate also enjoys tremendous brand recognition globally.Four segments generate most of Disney's revenue: * Media networks (such as ABC and ESPN), * Parks and Resorts (such as Disneyland and cruise lines), * Studio Entertainment (including Lucasfilm, and Marvel), * Consumer Products & Interactive Media (including Disney Store, and ESPN+)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. 2019 Is an Exciting Year for DisneyFor 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 hit an all-time high when the company said that the opening of Avengers shattered box office records.Disney's theme parks are enjoying increasing attendance rates and higher guest spending, leading to double-digit revenue growth. And analysts are expecting another stellar year for the parks.The company's new streaming service, Disney+, will launch on Nov. 12 and will include original movies and TV shows from Disney's brands, including Marvel and Pixar. Analysts expect Netflix (NASDAQ:NFLX) to be adversely affected by the launch, as DIS is removing its movies from Netflix.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 Mar. 2019, Bob Iger also finalized the acquisition of some of Twenty-First Century Fox'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 has been 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. How Will DIS Stock Hold Up 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.Disney stock 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 tend to 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?If a recession hits the domestic economy, then Disney stock is likely to be adversely affected again. Short-Term Technical Charts Give a Mixed PictureSince reaching its 52-week high of $142.37, Disney stock has given back some of its gains, mirroring the stock market's weakness since May 6.Now that earnings season is behind us, many stocks tend to trade based on daily news headlines, especially the U.S.-China trade war. In other words, if other cyclical stocks or the stock market declines, Disney stock price may also fall.Between now and Disney's next earnings report in early August, I expect Disney stock price to fall below $120 and possibly move towards $110, where Disney stock has major support. Then DIS may trade sideways between $110 and $120.It's almost impossible to time a top and a bottom in the markets. However, the technical charts do not yet forecast another big spike in Disney stock price. The 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. However, the rest of May and June 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 further price declines, especially around the $110- $115 level, as opportunities to buy DIS stock. Those who buy Disney stock will also benefit from its dividend, which provides a yield of 1.3%. 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. 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  • Streaming Excitement Isn’t Enough to Keep Boosting Disney Stock
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    It took a while, but Disney (NYSE:DIS) shares finally have moved. Disney stock traded sideways for nearly four years. But the launch of Disney+ last month sent the Disney soaring to new highs.Source: Baron Valium via FlickrAs it turns out, I was half-right. A week before the company announced the details of Disney+, I wrote that company's streaming move would shape the direction of DIS stock. I noted that if Disney, through its streaming efforts, could create even one-fourth of the value of Netflix (NASDAQ:NFLX), the Disney stock price would rise 20%.Both predictions turned out to be accurate. Of course, I also thought it would take years for Disney to prove the value of its streaming plans, and potentially for DIS stock to achieve those 20% gains. Instead, investors bought the plan immediately. Disney jumped over 11% on the first day, and it would take just a few more sessions to show that 20% increase.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy for Over 20% Upside Potential With those gains, however, the same problem arises: what moves DIS stock from here? CEO Bob Iger repeatedly has noted that earnings are going to take a hit from streaming in the near term. Even subscriber numbers likely won't be available until early next year. And the rest of the business is not performing well.Disney already has pulled back after the initial pop. I wouldn't be surprised if it returns to its rangebound ways for at least the rest of the year. Disney EarningsDIS didn't move much after earnings (adding 0.4% last week), which makes sense. For all the optimism about streaming, there are real challenges in the operating business which were highlighted in the fiscal second quarter report.Most notably, earnings per share fell 13% year-over-year on an adjusted basis. Revenue climbed 3% but all of the gains came from the assets acquired from Twenty-First Century Fox (NASDAQ:FOX,FOXA). Excluding a modest amount of revenue from Hulu, who was consolidated onto Disney's earnings during the quarter, Disney revenue actually fell year-over-year.To be sure, spending behind ESPN+ and, to a lesser extent, Hulu pressured earnings. But the story at the moment is largely what it was. Media Networks operating income declined again, according to figures from the 10-Q. That's even with affiliate fees (payments from cable and satellite operators) increasing 4%. Those fees will decline at some point as subscriber counts continue to fall and contracts are renegotiated.The Parks business continues to be solid, though attendance was a bit light (including a decline at the international parks). Studio Entertainment revenue and operating income fell, due to a tough comparison against a Star Wars release the year before.Those numbers likely will be much better in Q3 thanks to the blowout success of Avengers:Endgame, but the segment remains choppy, if generally headed in the right direction.Overall, the quarter tells the same story Disney has for some time. ESPN remains a big worry. The rest of the business is growing, but not necessarily spectacularly so. There's certainly nothing in recent results to change that story. Streaming and Disney StockIf the legacy business doesn't inflect, the question is whether the streaming opportunity can move the stock higher, at least in coming quarters. It seems somewhat unlikely, if only because there's unlikely be much in the way of news.We know what the plans are going to be. For the rest of this year, at least, the argument is going to be over what streaming profits look like not in 2020, but more importantly 2022 and 2025. Is Disney a real competitor, or at least a complement to, Netflix? Will new services from Comcast (NASDAQ:CMCSA) and AT&T (NYSE:T) unit WarnerMedia be a threat? Is Disney+ a plan for families or, given properties like Star Wars and the Marvel Universe, broad enough for everyone?The answers to those questions will take years to play out, but most investors likely have taken their positions at this point. Certainly, investors are optimistic. But bear in mind that Disney stock added $24 billion in market value in one day when the details of the streaming plans were announced. DIS now trades at over 20x next year's earnings.That's a multiple based on streaming growth, and the fact that FY20 profits will be depressed. Investments behind the streaming effort, as well as the loss of high-margin licensing revenue as Disney pulls its content from other distributors (including Netflix), are going to hit earnings next year.That's fine. An investor can't argue, as I have, that Netflix can grow into its valuation, but that Disney is too expensive at 22x FY20 earnings. But the catch with Disney stock is that if optimism towards streaming grows, it likely comes at a cost to near-term earnings. What Moves DIS Higher?If cord-cutting accelerates, making streaming more valuable, Disney's existing properties will take a hit in terms of both affiliate fees and advertising revenue. If it doesn't, it's tougher to make the argument that Disney+ is worth more than what's already baked into the Disney stock price.Longer-term, that problem may not matter. Even with the sideways trading of the last few years, Disney has been a terrific investment. That might continue. But it's going to take time. It's exceedingly difficult to see a positive catalyst for Disney stock before 2020 at the earliest. And so DIS may resume its old ways until the streaming service has a chance to drive even more optimism.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post Streaming Excitement Isn't Enough to Keep Boosting Disney Stock appeared first on InvestorPlace.

  • Business Wirelast month

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