|Bid||32.21 x 1400|
|Ask||32.21 x 900|
|Day's Range||31.96 - 32.57|
|52 Week Range||29.69 - 41.95|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||12.54|
|Earnings Date||Nov 6, 2019|
|Forward Dividend & Yield||0.46 (1.44%)|
|1y Target Est||38.98|
Facebook's (FB) Watch to receive sports-related digital shows and content from recent partnership with Fox Sports amid the intensifying sports streaming battle.
World Wrestling Entertainment, Inc. (NYSE: WWE) shares are down 26.95% in the past six months as the stock’s TV renewal catalysts have faded and new competition has emerged. On Wednesday, Morgan Stanley analyst Benjamin Swinburne reiterated his Overweight rating and $85 price target for WWE. Swinburne said WWE has simply been struggling to meet high expectations in the past two quarters, but he said little has changed about the company’s fundamental outlook.
Just a couple of weeks after ESPN agreed to produce programming exclusively for Facebook Watch, Fox Sports signed a similar deal.
NEW YORK and LOS ANGELES , Oct. 17, 2019 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) announced today that it has completed its acquisition of 67% of the equity of Credible Labs Inc. (ASX: CDR) ...
FOX News Channel’s (FNC) Dana Perino will present an exclusive interview with Facebook CEO Mark Zuckerberg on Friday, October 18th during The Daily Briefing (2PM/ET). The interview will cover topics including the state of social media, political advertising, ongoing regulatory efforts on privacy and antitrust, as well as Zuckerberg’s address on free speech this Thursday at Georgetown University’s McCourt School of Public Policy. This will mark the tech entrepreneur’s first interview with FOX News.
NEW YORK and LOS ANGELES, Oct. 14, 2019 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) today confirmed that Credible Labs Inc.'s (CRD.AX) ("Credible") stockholders overwhelmingly voted in favour of Fox Corporation's proposed acquisition of 67% of the equity of Credible. Credible stockholders voted at a special meeting held today in Sydney, Australia. This vote comes after Credible's Board of Directors unanimously recommended stockholders to vote "FOR" the proposal.
Analysts and holders of Disney (NYSE:DIS) stock are gearing up for another exciting earnings announcement, with Disney's fiscal fourth-quarter results scheduled to be released on Nov. 7 after the close of the market. With a streaming war between Disney and Netflix (NASDAQ:NFLX) heating up - and with Disney dealing with its headline-making purchase of $70 billion worth of Fox's (NASDAQ:FOXA) assets - I'm sure there'll be plenty to talk about as the big day approaches.Source: David Tran Photo / Shutterstock.com Even with Disney's status as a "safety stock" that's been in some people's portfolios for decades, DIS stock holders are starting to get a bit skittish. That's because, evidently, JPMorgan analyst Alexia Quadrani doesn't much care for Disney stock right now and lowered her estimates for DIS.The analyst even warned investors that she might cut her estimates further in the future. This leads us to the question, then, of whether JPMorgan's pessimism is justified - and whether risk-averse investors should dump their DIS stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips A Potential Threat to DIS StockIt's amazing that Netflix, a much younger company, could have such a powerful impact on Disney. While Disney is jumping on the content-streaming bandwagon with Disney+, Netflix spearheaded the streaming trend years ago. As the University of Nevada's Benjamin Burroughs eloquently explained, the Netflix effect has been utterly transformative to the modern market for home-based entertainment:"Cable and telecommunication companies… are dealing with the loss of subscribers and anxieties about 'cord-cutters' and 'cord-nevers' amplified by the growth, popularity, and cultural salience of streaming services such as Netflix."Undoubtedly Disney's Netflix problem was top-of-mind for the owners of DIS stock as they watched the Disney stock price fall after its most recent earnings report, which was issued in early August. Indeed, a 4% share-price slide immediately ensued amid concerns that the Fox deal was too costly and wouldn't allay concerns about Netflix completely dominating the home-entertainment market. * 7 A-Rated Stocks to Buy for the Rest of 2019 Evidently, Disney's theme parks aren't enough to keep Disney stock owners satisfied; they want the company to step up its streaming game, too, and they're hoping for better results in November. In August, analysts, on average, were expecting adjusted earnings per share of $1.72, while the actual figure was $1.35 - a disappointment, to say the least. An Analyst Cuts DeepStill, for JPMorgan to slash its forecast so drastically seems like an overreaction, but I'll let you be the judge of that: Quadrani reduced her estimate for Disney's Q4 earnings from $1.05 per share to 95 cents, and she similarly cut her projection for the company's FY20 EPS from $6.30 to $5.50.Those are nasty cuts, and the explanation provided by JPMorgan should sound familiar by now:"The investment spending in Disney's direct to consumer platforms and the choppy integration of Fox's assets lead to more uncertainty in the financial outlook near term."Okay, we get it; working through the kinks of the acquisition of Fox's assets is going to take time and money. As mentioned earlier, JPMorgan also essentially told investors to expect more estimate cuts in the near future:"Estimate revisions will likely be frequent and sometimes notable over the next few quarters given so many moving pieces both internally and externally as this integration and media consumption evolution proceeds."I suppose that "revisions" could also mean that the firm will raise its estimates, but I wouldn't hold my breath and wait for that to happen anytime soon. As far as I'm concerned, lowered expectations are setting Disney stock up for a relief rally when it reports its earnings. And with JPMorgan admitting that Disney+ will likely have 75 million subscribers globally by the end of FY20, another post-earnings dip in the DIS stock price would only be a buying opportunity. The Takeaway on Disney StockI actually find it amusing when big-bank analysts take swipes at a globally recognized, cash-rich company like Disney. Let them slash their estimates for DIS all day long if they wish; I'll take my chances with the theme-park king, which could someday become the streaming king.As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post JPMorgan Issued a Warning About Disney Stock: Should Investors Be Concerned? appeared first on InvestorPlace.
Shepard Smith, the chief news anchor of Fox News and a sometime critic of U.S. President Donald Trump, abruptly quit the network on Friday after 23 years. In an unexpected on-air statement at the end of his daily "Shepard Smith Reporting" show, Smith said he had asked to leave the conservative-leaning cable news network, which is the most-watched in the United States. "Recently I asked the company to allow me to leave Fox News.
Shepard Smith, whose newscast on Fox News Channel seemed increasingly an outlier on a network dominated by supporters of President Trump, abruptly quit after working at Fox since it started in 1996. Smith said at the end of his daily newscast on Friday that he had asked the network to let him out of his contract and it had agreed. Neil Cavuto, who anchors the broadcast following Smith’s, looked shocked after the announcement.
Shepard Smith, chief news anchor and breaking new managing editor at fox, will leave the network, Fox News Media said on Friday. "Recently I asked the company to allow me to leave Fox News. Under our agreement, I won't be reporting elsewhere, at least in the near future," Smith said on his Friday show.
FOX NEWS Channel’s (FNC) Shepard Smith will step down from his role as Chief News Anchor and Managing Editor of the network’s breaking news unit and Anchor of Shepard Smith Reporting, announced Jay Wallace, President & Executive Editor of FOX News Media. This afternoon’s edition of Shepard Smith Reporting was Mr. Smith’s final show, during which he addressed his decision. In making the announcement, Mr. Wallace said, “Shep is one of the premier newscasters of his generation and his extraordinary body of work is among the finest journalism in the industry.
NEW YORK and LOS ANGELES , Oct. 11, 2019 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) will discuss first quarter fiscal 2020 financial results via a live audio webcast beginning at 4:30 p.m. EDT ...
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]
FOX News Channel (FNC) will present a special live “Town Hall America with Harris Faulkner: Police Emergency” on Sunday, October 27th at 8PM/ET at the FOX News headquarters in New York City. Moderated by Outnumbered Overtime anchor Harris Faulkner, the town hall will be presented in front of a live studio audience comprised of members connected to the police community and focus on the growing dangers law enforcement officials are facing across the country.
When one of the Bay Area's most active fintech investors decides to pour his time, money and passion into a startup, people take notice.
DISH Network Corp (NASDAQ: DISH ) announced a multiyear carriage agreement Sunday with Fox Corporation (NASDAQ: FOXA ) (NASDAQ: FOX ) for its owned-and-operated local stations, as well as FS1, FS2, BTN, ...
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Oct. 7, 1996, Rupert Murdoch launched The Fox News Channel. Where Was The Market? The ...