367.00 +1.01 (0.28%)
After hours: 5:53PM EDT
|Bid||365.70 x 1100|
|Ask||366.18 x 800|
|Day's Range||364.92 - 371.34|
|52 Week Range||231.23 - 386.80|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||130.71|
|Earnings Date||Jul 17, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||391.31|
Yahoo Finance's Myles Udland a look at what will be making headlines on Wednesday, July 17th.
The Television Academy has revealed this year's Emmy nominations and to absolutely no one's surprise, Game of Thrones scooped up the most nods with 32, including Outstanding Drama Series and 10 nominees across various acting categories. The show with the second-highest tally of nominations is Amazon Prime Video's The Marvelous Mrs. Maisel with 20. It won several awards last year, including the top Outstanding Comedy Series prize. It's nominated again in that category.
"As weprepare to launch season three later this summer, we've been mindful about theongoing debate around the show
If you decide to rewatch the first season of 13 Reasons Why, don't expect tosee the controversial three-minute-long scene showing Hanna taking her ownlife in graphic detail
Internet television network Netflix faces a raft of concerns as it prepares to post results late Wednesday. Wall Street will be looking for commentary on competition and cost controls.
A wave of quarterly reports from Netflix and other top-tier, high-growth companies starting on Wednesday will test Wall Street's willingness to extend a recent really driven by expectations of lower interest rates. Facebook , Amazon and Google-owner Alphabet , all part of the so-called FANG group of widely held stocks, have jumped over 5% so far in July, with investors increasingly willing to bet on the volatile names thanks to expectations the Federal Reserve will cut rates later this month by as much as half a percentage point to support economic growth. The FANG companies, combined with investor favorites Apple and Microsoft , account for about 17% of the S&P 500's $26 trillion market capitalisation, making reaction to their quarterly results key to Wall Street sentiment.
A wave of quarterly reports from Netflix and other top-tier, high-growth companies starting on Wednesday will test Wall Street's willingness to extend a recent really driven by expectations of lower interest rates. Facebook , Amazon and Google-owner Alphabet , all part of the so-called FANG group of widely held stocks, have jumped over 5% so far in July, with investors increasingly willing to bet on the volatile names thanks to expectations the Federal Reserve will cut rates later this month by as much as half a percentage point to support economic growth. The FANG companies, combined with investor favorites Apple and Microsoft , account for about 17% of the S&P 500's $26 trillion market capitalization, making reaction to their quarterly results key to Wall Street sentiment.
AT&T Inc's premium cable network HBO scored a record 137 Emmy nominations on Tuesday, topping streaming service Netflix Inc in what has become an annual battle for bragging rights in the contest for television's biggest awards. A large chunk of HBO's tally came from medieval fantasy "Game of Thrones," which received 32 nominations, the highest total for a drama series in a single year. TV networks and streaming services compete feverishly for Emmy nominations, which can help draw attention to programming and bring in new viewers or subscribers.
It’s the calm before the competitive storm when streaming video giant Netflix Inc. is scheduled to report second-quarter financial results Wednesday after the market’s close.
Finally, some good news for AT&T (NYSE:T) shareholders: T stock hit a seven-year low late last year, but it has rallied since. In fact, the AT&T stock price reached a 52-week high last week before a modest pullback.Source: Shutterstock However, I'm not buying the rally. I've long been a skeptic toward AT&T, and I see little reason to change. The merger between Sprint (NYSE:S) and T-Mobile (NASDAQ:TMUS) could provide some competitive help. But Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Dish Network (NASDAQ:DISH) reportedly are entering the market. Plus, AT&T continues to lose share to T-Mobile and Verizon Communications (NYSE:VZ).Admittedly, a 6% dividend is nice. But AT&T also has some $200 billion in debt. We've seen low-growth, high-debt dividend stocks like Anheuser-Busch InBev (NYSE:BUD) and Kraft Heinz (NASDAQ:KHC) cut their payouts in recent years. AT&T's dividend looks safe for now. But if the cellular business stumbles and DirecTV continues to decline, that may change.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe wild card here is WarnerMedia, built through last year's $85 billion acquisition of Time Warner. WarnerMedia not only adds potential growth, particularly in its HBO and Warner Bros. Entertainment divisions, it gives AT&T control of both content and distribution. That's something media companies increasingly have sought of late. * 7 Dependable Dividend Stocks to Buy But for the AT&T stock price to move higher, the acquisition needs to be a success, and WarnerMedia must grow. The announcement of that unit's plans for a new streaming service casts early doubt on those hopes. The Pricing Problem for HBO MaxWarnerMedia's new service will be called HBO Max, and that alone shows the problem here. WarnerMedia charges $15 per month for HBO Now, the unit's streaming service. The new service will include HBO, along with content from its Turner networks, Warner Bros. studio, and other properties like Looney Tunes.WarnerMedia naturally wants to price its new service in a way that captures the value of the non-HBO properties. But it has a problem. The standard plan from Netflix (NASDAQ:NFLX) costs $13. Disney (NYSE:DIS) is launching Disney+ in November for $6.99 a month.Thus, HBO Max probably is pricing between $15 and $18, according to reports (AT&T hasn't released an official figure yet). For the approximately 35 million existing subscribers, a shift makes sense. But WarnerMedia is then getting at most just $3 per month in incremental revenue from those subscribers.That incremental revenue -- at most slightly over $1 billion a year -- isn't much. And it isn't even free. WarnerMedia is foregoing an estimated $80 million in annual licensing revenue from Netflix just to reclaim the rights to Friends. It ostensibly will compete with its own TBS and TNT networks, which will lose advertising dollars as cord-cutting accelerates. Any incremental revenue from the current HBO subscriber base and the associated profit, still seems to leave WarnerMedia cannibalizing itself.So, the service must add new subscribers. But here's the exclusive content on HBO Max at its launch next year: HBO, Friends, The Fresh Prince of Bel Air, Pretty Little Liars, and content from The CW. There are other original series and movies. But is any customer going to pay $18 for that bundle if she's already passed on HBO? How many customers will pay a premium over Disney's and Netflix's cheaper content? Probably very few. The HBO Max Problem for T StockWarnerMedia head John Stankey has said his goal is for the streaming service to reach 70 to 90 million customers. As The Motley Fool pointed out, Disney has targeted 60 million to 90 million within five years. Netflix currently has 60 million U.S. subscribers.Even with an existing HBO base of 35 million, Stankey's goal seems hugely optimistic. There's little reason right now to see HBO Max outperforming those streaming rivals simply from a content standpoint. DirecTV Now subscriber numbers already are plunging, which bodes poorly for the new service. Execution, meanwhile, has been poor from the jump.Stankey originally publicly floated a three-tier pricing structure which, as CNBC reported, had barely been discussed with other senior executives. That concept was axed later. The Hollywood Reporter detailed the confusing rollout (and the questionable logo) of the service, closing by asking, "what the h-- is HBO Max, really?" That's a question WarnerMedia hasn't yet answered less than a year from the launch. AT&T Has Yet to Address the Cord-cutting CrisisAnd a failed streaming service is a big problem for T stock. It undercuts the entire rationale for combining AT&T with DirecTV and Time Warner. It very well may lead to declining earnings overall, as the mobile business stays sideways, profitable landline revenues continue to fall, and DirecTV and Turner both suffer from cord cutting. Without streaming driving growth, AT&T simply looks like a group of challenged business. Even worse, the company carries a debt load that is literally historic in its size.Particularly with the AT&T stock price back at the highs, investors are betting on some sort of success in streaming. Right now, I don't think that success is on the way. And I believe that, once again, T stock will give back its gains.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Streaming Already Looks Like a Problem for AT&T Stock appeared first on InvestorPlace.
When Netflix Inc reports second-quarter earnings on Wednesday, a big question is how the streaming giant will handle a slew of new competitors barging in to its territory. Investors should watch for how Netflix responds to competition, its subscriber count and forecast, and any comments about global pricing, its shrinking library of licensed programming and its original-content strategy. Although the coming entry of Walt Disney Co , AT&T Inc and Apple Inc into the streaming wars could dampen Netflix's U.S. growth, experts do not see this as a zero-sum game.
Netflix upped its total this year to 117, but it wasn’t enough to rule the TV awards season this time, as HBO earned the most nominations for a network in a single year.
(Bloomberg) -- Roku Inc. shares rose to a record on Tuesday amid indications of strong sales of the company’s products during Amazon.com’s Prime Day.Televisions with Roku technology and Roku streaming devices were among best-selling electronics during the annual two-day sale, according to Amazon. The stock rose as much as 7.1%, pushing year-to-date gains above 260%.“The market thinks they’re a beneficiary of Prime Day,” said Wedbush Securities analyst Michael Pachter. The more televisions sold with Roku operating systems, the greater their opportunity to sell ads or subscriptions to content providers like Netflix, he said.The third best-selling TV during Prime Day was a 32-inch Roku-enabled TCL for $99, according to Amazon.To contact the reporter on this story: Jeran Wittenstein in San Francisco at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Capricor Therapeutics, Inc. (NASDAQ: CAPR ...
Medieval fantasy "Game of Thrones" scored a record 32 Emmy nominations on Tuesday, but the contenders for the highest honors in television were dominated by newcomers, many of them women, and shows about political and social justice. The 2019 lineup for the Emmys represented the widest array of first-time nominees in eight years, the Television Academy said, with nine new shows contending for the top prizes of best drama and best comedy series.
United Airlines, Peabody Energy, IBM, Microsoft and Netflix highlighted as Zacks Bull and Bear of the Day