|Bid||0.00 x 4000|
|Ask||0.00 x 800|
|Day's Range||35.33 - 36.10|
|52 Week Range||33.78 - 51.27|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||13.65|
|Earnings Date||Aug 6, 2019 - Aug 12, 2019|
|Forward Dividend & Yield||0.46 (1.30%)|
|1y Target Est||43.54|
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.
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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.
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[Editor's note: This story was previously published in February 2019. It has since been updated and republished.]Considering the high volatility of the stock market, investors may want to load up on entertainment stocks.At first, the notion appears counterintuitive. Our nation remains bitterly divided. Adding to this combustible environment is the trade war between the U.S. and China. From a common sense perspective, the best stocks to buy appear to be boring, but stable companies.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCertainly, that instinct is a viable one at this juncture. Nevertheless, entertainment stocks offer potential upside, especially if the broader markets take another dip. For one thing, Americans have a history of resorting to escapism during troubled economic times, making entertainment names appealing stocks to buy now.While we take the idea of entertainment, and by logical deduction, entertainment stocks for granted today, back in the early 20th century, such frivolities were envy-inducing luxuries. However, the Great Depression changed that perspective, leading media institutions to specialize in escapism.In fact, some historians have argued that the amusement and entertainment industry kept the American psyche intact during the depression!Moreover,in good or bad times, I've yet to meet an individual who didn't set aside some money for rest and relaxation. Therefore, the amusement industry offers some of the best stocks to buy during turbulent times. * 5 Stocks Under $10 With Big Upside Potential With this list, I cover multiple subsegments of the amusement industry, ranging from sure-things to speculative opportunities. Here are my choices for five entertainment stocks to buy now:Source: Shutterstock AMC Entertainment (AMC)When I think about the Great Depression, I envision bankers jumping off tall buildings. However, this dark period in our history ironically produced Hollywood's golden age. Eager for distractions, millions flocked to the box office weekly despite their strained finances. This piece of Americana still vibrates spiritually with AMC Entertainment (NYSE:AMC).But in the digital age where content streaming reigns supreme, many folks dismiss AMC stock. Admittedly, its fallout from last October's broader market selloff hurt my bullish argument. Nevertheless, I remain optimistic over the long haul.If the popularity of the NFL has taught me anything, it's that Americans are willing to shell big bucks for a few hours of amusement. But at a certain point, everyone runs into budgetary constraints. For the price of one ticket to a football game, a family of four can watch a summer blockbuster.In terms of entertainment value, AMC simply looks like a good stock to buy.Source: Baron Valium via Flickr Disney (DIS)Within the entertainment industry, hands down one of the best stocks to buy is Disney (NYSE:DIS). For starters, the Magic Kingdom is an American icon that practically defined and redefined the sector. Also, DIS stock has largely remained stable through some very turbulent years.But what I really like about this company is its content umbrella and distribution dominance. Most fans recognize DIS stock as an investment into the Star Wars franchise. But with their acquisition of Twenty-First Century Fox's (NASDAQ:FOXA) entertainment assets, Disney brought together several enviable franchises under one roof.As a result, Disney can distribute and profit from these assets more effectively than its competitors. The current cinema landscape is geared toward the sci-fi and comic-book based blockbuster, presenting natural tailwinds for DIS stock. * 5 Stocks Under $10 With Big Upside Potential I haven't even touched Disney's theme parks and resort business, which is also a big draw domestically and internationally. If you're seeking broad coverage in your entertainment stocks, DIS is your best bet. AT&TTelecommunications is a vital sector, but one that's hardly entertaining. In fact, I've said multiple times that telecom firms are downright boring. But in the age of consolidation, business titans have engaged an acquisition streak. The most significant of these mergers is the AT&T (NYSE:T) buyout of Time Warner.Among the key assets going to T stock is HBO. While the premium-cable channel is historically rooted in the cord, its original content gives cord-cutter Netflix (NASDAQ:NFLX) fits. Sure, NFLX enjoyed a resounding night at last year's Emmys. But HBO, with compelling titles like Game of Thrones and Westworld, firmly stood its ground.While the Time Warner deal attracts criticism for its hefty price tag, at least AT&T has winning content assets. Unfortunately, the same cannot be said for Verizon (NYSE:VZ). Plus, T stock will surely enjoy upside movements once the 5G rollout begins in earnest.As a whole, AT&T isn't just among the best entertainment stocks, but one of the best stocks in any industry. Live Nation Entertainment (LYV)With entertainment stocks increasingly taking on technological overtones, it's easy to dismiss traditional, analog forms of amusement. After all, our stereotypical image of young millennials involves them plastering their heads into their smartphones. But Live Nation Entertainment's (NYSE:LYV) longer-term successes dispel that assumption.Since the beginning of 2017, LYV stock has doubled in market value. This surge runs counter to the digital revolution impacting the music industry. Thanks to streaming services, you can get the music that you want from multiple artists, all at reasonable prices. * 5 Stocks Under $10 With Big Upside Potential Yet concert-ticket revenues over the last few decades indicate steadily rising popularity for live music. Moreover, millennials are driving this trend. Just as significant is their reason to do so: A vast majority attend music festivals to "escape the daily grind." Clearly, LYV stock offers potential upside irrespective of what happens in the underlying economy. Wynn Resorts (WYNN)In March of last year, I had legitimate concerns about Wynn Resorts (NASDAQ:WYNN). At the time, sexual misconduct allegations forced former CEO Steve Wynn to resign. But that wasn't the issue I felt would derail WYNN stock. Instead, it was the disappointing Las Vegas economy.Using data from the Las Vegas Convention and Visitors Authority, I determined that Wynn Resorts wasn't benefiting from tourism. While visitor stats increased, gaming revenue consistently decreased from its 2007 peak. That signaled to me that the catalysts for WYNN stock -- namely, high-rollers who don't give a "darn" -- were fading.And boy, did it ever! Between the end of May through Dec. 31, WYNN stock tanked 49%. But if you're eyeing a speculative shot among entertainment stocks, pay attention: Last year, Clark County gaming revenue totaled $10.25 billion. This is the first time since the sub-prime lending crisis that Vegas has hit the $10 billion mark.It's risky, but WYNN could be one of the best stocks for a surprising turnaround.As of this writing, Josh Enomoto is long AMC stock and T stock. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Monster Growth * Ranking the Top 10 Stock Buybacks of Last Year * 5 Stocks Under $10 With Big Upside Potential Compare Brokers The post 5 Entertainment Stocks That Can Weather a Market Storm appeared first on InvestorPlace.
As we already know from media reports and hedge fund investor letters, many hedge funds lost money in fourth quarter, blaming macroeconomic conditions and unpredictable events that hit several sectors, with technology among them. Nevertheless, most investors decided to stick to their bullish theses and recouped their losses by the end of the first quarter. […]
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NEW YORK and LOS ANGELES , May 29, 2019 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) (the "Company") today announced that members of the Company's senior management team are scheduled ...
Mason Capital is a New York-based asset management firm that was launched by Kenneth Mario Garschina in 2000. It provides an additional office in London England. On March 28th, 2017, the fund managed around $3.5 billion in assets. Before launching his own hedge fund, Mr. Garschina worked at KS Capital Partners, first as a Research […]
FOX Nation, the new on demand subscription-based streaming service, will roll out a fresh slate of programming this summer including new shows with FOX News Channel (FNC) contributors Tyrus, Kat Timpf, Tammy Bruce and Lawrence Jones. FNC contributor Britt McHenry will continue as co-host of the hot topics program UN-PC alongside a rotating co-host.
Dodge & Cox, which manages six no-load mutual funds, bought shares of the following stocks during the first quarter. The guru added 22.38% to its FedEx Corp. (FDX) position. The trade had an impact of 0.53% on the portfolio.
Over a five-day stretch this month, ESPN and Fox Sports took their biggest steps in the sports gambling space.
According to Baupost's 13F filing with the Securities and Exchange Commission, the first quarter of 2019 was a relatively busy period for Seth Klarman (Trades, Portfolio). Warning! GuruFocus has detected 4 Warning Signs with EBAY. What's really interesting about this position is that Klarman built it relatively quickly.
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