|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||290.04 - 296.62|
|52 Week Range||231.23 - 386.80|
|Beta (3Y Monthly)||1.48|
|PE Ratio (TTM)||115.81|
|Earnings Date||Oct 14, 2019 - Oct 18, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||386.90|
Breaking bad actor Dean Norris has taken the fictional beer Schraderbräu, the mythological homebrew from Norris’ beloved character Hank Schrader, and made it a reality.
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Netflix, Inc. (“Netflix” or “the Company”) (NASDAQ: NFLX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
NEW YORK, NY / ACCESSWIRE / September 15, 2019 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate ...
After strong market gains through the summer, August was a volatile month for the stocks. The S&P 500 fell 5.6% in the first week, then bounced around for three weeks before charging into September with another 5.6% shift – a surge back up to its current 3,007.The stock market turnaround is just one of several positive economic indicators so far this month. The August jobs report, while showing low job creation numbers, also showed increasing wages, and last week, Labor Department numbers showed that there are 1.17 million more jobs than openings in the US. It’s a bright picture. But not every stock is on its way back up. Some are struggling to gain traction.Finding the right stock in this environment can be a challenge. That’s why TipRanks provides a variety of stock screening tools, offering you the ability to sort through the market for the right investment.We’ve opened up TipRanks’ Trending Stocks tool to find three stocks that are underperforming right now, but are also showing high upside potential in the face of idiosyncratic headwinds. These are investment opportunities that have attracted attention from top analysts, and have the seeds for future market gains. Domino’s Pizza, Inc.With the rise of third-party delivery companies, such as GrubHub (GRUB – Get Report), the fast food space generally is coming to resemble the pizza delivery niche. With a phone call or an online order, the customer’s meal is only half an hour away. Michigan-based Domino’s Pizza (DPZ – Get Report), which built its customer base in the 1990s on a promise of fast delivery, has been feeling the pressure as fast food delivery diversifies. DPZ shares are down 1% so far this year, despite a general S&P gain of 19%.This doesn’t mean that Domino’s feels itself vulnerable. Back in July, the company beat the earnings forecast in Q2, reporting $2.19 per share against a predicted $2 even. And it did that despite missing the revenue forecast by 2.5%, or $22 million. Even with the revenue miss, DPZ reported strong resources: cash on hand was up, at $108.3 million, while long-term debt was down 2.2%.BTIG analyst Peter Saleh is impressed by DPZ’s use of resources to create innovations in the delivery space. The company is not entering into third-party agreements, but is keeping delivery in-house. Earlier this month, Saleh attended DPZ’s Innovation Garage event, and saw how Domino’s is investing in autonomous vehicle delivery and GPS tracking. He writes, “while Domino's Pizza is facing competitive headwinds from delivery aggregators, it is starting to fight back with promotions and measures to improve efficiency.” Saleh gives DPS a $325 price target, suggesting an impressive 32% upside potential.From Oppenheimer, Brian Bittner gives DPZ shares a $295 price target and 20% upside. He sees Domino’s as “well-prepared for the delivery challengers and ready to go it alone.” In his comments, he adds, “Management believes it ultimately has technological, economic and service superiority over [competing] vendors which will be a benefit over the cycle. Nearer term, the company does not plan to react by deep-discounting or discounted/free delivery.”Overall, DPZ has a 16% upside potential, derived from its $285 average price target and $245 current share price. The stock has a Moderate Buy rating from the analyst consensus, based on 14 buys, 7 holds, and 1 sell. Ford Motor CompanyThe second largest domestic automaker, Ford (F – Get Report) possesses a combination of resources and liabilities. On the negative side of the ledger, Moody’s credit rating agency has just lowered the company’s rating below investment grade. Moody’s cited Ford’s “operating and marketing challenges” as reasons for the downgrade, and added that the company is at the start of a long restructuring effort in a bearish industry.Ford, for its part, does not seem worried by the credit downgrade. S&P and Fitch still rate the company as investment grade, and the restructuring noted by Moody’s includes an $11 billion investment in electric and hybrid vehicles. The capital investment includes new spending on factories as well as vehicle design and autonomous driving systems.Still, a downgrade from a credit rating agency looks bad in the headlines. Ford shares lost 1.3% by mid-week. The stock has been highly volatile this year, swinging between a low of $7.44 and a high point of $10.36.Two analysts weighed in with buy ratings on the stock. Credit Suisse’s Dan Levy noted that Ford has $23 billion in cash on hand, giving it plenty of resources to fund its global restructuring effort. He writes, “For now, Moody’s downgrade doesn’t change the Ford story. We think the core focus at Ford remains the path to profit recovery, which we continue to believe remains intact.” Levy’s $12 price target implies an upside of 26% for Ford.Analyst John Murphy, of Merrill Lynch, agrees that Ford has upbeat prospects. He says, “We believe Ford’s self-help turnaround should start to get more credit among investors, while improved execution and communication may also allow Ford’s multiple to recover, although the downgrade news was somewhat disappointing.” Countering the disappointment, he notes that Ford remains committed to maintaining its shareholder dividend, with an impressive 6.35% yield, and that the primary source of bad news – slowing car sales in the European and Asian markets – has already been baked into the share price. He puts a $13 price target on F shares, indicating an upside potential of 37%.Ford holds a Moderate Buy from the analyst consensus, based on 4 buys and 3 holds from the last three months. Shares sell for $9.45, and the average price target of $11.58 suggests an upside of 22%. Netflix, Inc.The early adopter in the online TV content streaming space, Netflix (NFLX – Get Report) has the advantage of incumbency against the much-hyped competition from Disney (DIS – Get Report) and Apple (AAPL – Get Report) which will be starting this fall.Netflix’s main advantage, of course, is its library of 400+ original programs to run on the streaming service. This will be less of an advantage against Disney, which brings its own famous Disney Vault to the party, but Netflix having proven winners like Stranger Things and talent like Samuel L. Jackson and Oprah Winfrey on board is a clear sign of strength in the content creation market.Disappointing subscriber numbers from the second quarter, however, depressed Netflix’s share price, and the company's year-to-date gain is only 9%. Netflix lost 15% after reporting net subscription adds of only 2.7 million, against the forecast 5 million. Even worse, the company’s core US market saw a decline of 100,000 subscribers instead of the expected 300,000. And to keep the hits coming, Apple announced last week that its Apple TV streaming service, to be priced at just $4.99 per month, will be significantly less expensive than the $8.99 Netflix charges for its most basic service.The analysts, however, seem to agree that the fears for Netflix are overblown, and that the company’s resources are sufficient to meet the challenges. 5-star analyst Michael Olson, of Piper Jaffray, writes: “Preliminary search index analysis suggests Q3 domestic subscriber growth of 6.4% year-over-year, and international growth in the range of 33%-35%. Further, the number of U.S. YouTube trailer views for major Netflix originals is up 10% quarter-over-quarter from Q2, signaling a more engaging content slate. Expect Netflix to continue to capture a significant portion of traditional content dollars despite an onslaught of new streaming services currently casting a cloud of concern.” Olson sets a $440 price target on NFLX, indicating confidence in a 49% upside.Imperial Capital analyst David Miller agrees, believing that “the market is too focused on price points rather than the value for that said price point.” His $451 price target implies an even more robust 53% upside for the streaming giant.Overall, Netflix maintains a Strong Buy from the analyst consensus, based on a whopping 25 buy ratings set in the last three months, along with only 5 holds and 1 sell. Shares are expensive, at $295, and the average price target of $411 suggests an upside potential of 39%.Visit TipRanks’ Trending Stocks page today, to see what else has the attention of Wall Street’s best analysts.
Netflix’s original slate dwarfs the new entrants. As the industry transitions toward a larger mix of digital transactions, we believe that Chipotle is in a leading position to establish a digital moat.
Apple shares are up nearly 40% in 2019, largely because of excitement around Apple services like TV streaming. Why that could end badly.
NEW YORK, NY / ACCESSWIRE / September 13, 2019 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered ...
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. If you suffered a loss, you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
(Bloomberg) -- Apple Inc. said a new video service won’t have a material impact on its financial results, seeking to counter research from a Goldman Sachs analyst who cut his share price target on concern that aggressive pricing of the TV+ offering will trim profit.Earlier this week, Apple outlined a strategy that involved lower prices on several devices and services, including a monthly cost of $4.99 for TV+. It will also be free for one year with purchases of new Apple devices. This is relatively rare for a company that has historically charged premium prices to support healthy profit margins.Rod Hall, the Goldman Sachs analyst who covers Apple, cut his price target on Apple shares to $165 from $187, saying the company’s plan to offer a trial period for TV+ was “likely to have a material negative impact” on average selling prices and earnings per share.“We do not expect the introduction of Apple TV+, including the accounting treatment for the service, to have a material impact on our financial results,” Apple said in an email.The stock jumped after the statement, trimming losses from earlier in the day. It traded down 1.8% at $219 at 2:56 p.m. in New York.The TV+ service is entering a crowded video-streaming field that already includes Netflix Inc., Amazon.com Inc., Hulu and AT&T Inc.’s HBO. In November, Walt Disney Co. plans to launch a Disney+ streaming service, with a giant catalog of titles, for $6.99 a month. Netflix’s entry-level subscription is $8.99 a month in the U.S.Apple, which doesn’t currently have a back catalog of content for TV+, announced the $4.99-a-month pricing on Tuesday, sparking a rally in its shares and declines in Netflix and Disney stock. In India, the TV+ service will be 99 rupees ($1.40) a month. (Updates with background on TV+ in final paragraphs.)To contact the reporters on this story: Mark Gurman in San Francisco at firstname.lastname@example.org;Nico Grant in San Francisco at email@example.comTo contact the editors responsible for this story: Tom Giles at firstname.lastname@example.org, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Netflix (NASDAQ:NFLX) was expecting 5 million new paid subscriptions in the second quarter, but racked up only 2.7 million, including a loss of 126,000 U.S. subscribers. Netflix stock has fallen 21% since July 17 when it reported these numbers. But NFLX stock will survive this fall.Source: Flickr via Mike K.First of all, NFLX has consistently had really bad subscriber growth every Q2. This past quarter was no exception. NFLX explained the drop as a pull-forward effect from large Q1 additions. More importantly, it admitted that its content slate didn't pull in subscribers as expected.But here are some positives to not throw out lightly …InvestorPlace - Stock Market News, Stock Advice & Trading TipsNetflix is now expecting 6.2 million net additions in Q3. This includes U.S. paid membership additions of 0.8 million, and the rest is expected to come from outside the U.S. All eyes will be on the Q3 numbers to see if these expectations are met. Netflix Is Very Healthy FinanciallySecond, whatever happens with net additions, which the market seems to be obsessed with, Netflix's financial health remains extremely strong. Contribution profit (essential gross profit after distribution costs) grew 19.5% sequentially in the U.S. to $852 million (with negative paid membership growth). Non-U.S. contribution profits grew 51.8% to $416.3 million. * 10 Recession-Resistant Services Stocks to Buy Moreover, NFLX posted strong positive EBITDA growth in Q2. EBITDA is a cash flow measure that eliminates the huge content amortization charges that NFLX deducts from its net income before all interest and tax expenses. It helps investors and management understand how well the company can afford its financial leverage.Adjusted EBITDA rose 43.1% in Q2 over Q1 to $836 million. This is a massive increase and augurs well for the company's ability to eventually become free cash flow positive. Keep in mind that Netflix includes its net content slate expenditures in its adjusted EBITDA measure. These totaled a net $1.1 billion in Q3 after amortization. So clearly the company can keep on affording to pay for its higher content expenditures.In effect, Netflix's subscriber base is now so profitable on a cash flow basis that, as the company explained in its very well-written shareholder letter, free cash flow profits will eventually come as it builds its member base, revenues and operating margins.This is the same thing that happened at Amazon (NASDAQ:AMZN). For many years AMZN produced strong EBITDA cash flow profits but had deficits in free cash flow. AMZN spent its pre-interest cash flow on investments and built up the attractiveness of its Prime subscriber base. This eventually led to huge free cash flow profits.The same is happening at Netflix. NFLX's content slate has to stay good enough to pull in new subscribers and also reduce churn related to other competitors' new products. That will increase Netflix's EBITDA cash flow even further. Just like it did in Q2. Netflix's increasing content investments have a good chance of producing a large and loyal subscriber base that will generate positive free cash flow. NFLX Stock Will Likely RecoverAnalysts are beginning to re-assess NFLX stock after this latest downturn. RBC Capital, for example, reiterated its "outperform" rating on the stock after an internal survey on U.S. penetration and subscriber churn came in favorable. The RBC analyst also does not believe that the new Disney OTP offering is going to be a threat to Netflix over the next year and thereafter.As the analyst pointed out in the interview on CNBC in the link above, Netflix is in a scale business. As it loses Disney content, NFLX will not only have more money to spend on its own content, but it will have so many subscribers, increasingly overseas, that its profits will scale up as well.As for the free cash flow deficit issue, RBC points out that FCF is inherently an elective issue, not a structural problem. Just like at AMZN, Netflix can elect at any point to reduce its content spending to turn out free cash flow. Its huge EBITDA profits are indicative of this.As a result, keep focusing on Netflix's total subscriber growth, not just in the U.S. This inherently will lead to higher net income, EBITDA and free cash flow measures of its profitability. In turn, the NFLX stock will eventually move upward as the overall subscriber growth continues.As of this writing, Mark Hake, CFA does not hold a position in any of the aforementioned securities. Mark Hake runs the Total Yield Value Guide which you can review here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post Don't Worry, Netflix Stock Will Survive appeared first on InvestorPlace.
When Wall Street gets in a mood, it's time to watch out. It's also true the market can forgive and forget just as quickly. As much, when it comes to deeply oversold and out-of-favor growth stocks Pinterest (NYSE:PINS), Zscaler (NASDAQ:ZS) and CrowdStrike (NASDAQ:CRWD), it's time to put these names on your radar as stocks to buy today.While the averages have clawed their way back and into favor with index-focused investors, many risk assets have been left behind. Large-cap tech giants Netflix (NASDAQ:NFLX) and Amazon (NASDAQ:AMZN) are two prolific performers and household names that have largely failed to participate in the market's current rally.Sure, there's company-specific or macro reasons for the treason-like price behavior. There always is. More important, most often those concerns quietly and sometimes quickly disappear -- and are then replaced by as easily defendable supports for making yesterday's whipping boy today's hottest new toy on Wall Street. So, NFLX and AMZN are stocks to buy?InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Discount Retail Stocks to Buy for a Recession Personally, I'm not here to defend NFLX or AMZN shares and their varied levels of investor loathing. I'd rather focus on smaller, up-and-coming companies with big-time growth prospects and oversold price charts. These are stocks to buy if you can get past today's bearish narratives. Growth Stocks to Buy: Pinterest (PINS)Pinterest stock is the first of our growth stocks to buy. The wildly popular, web-based visual discovery platform rocketed higher by nearly 19% in early August after smoking earnings forecasts. The bullish price action set the stage for a market-leading, cup-with-handle breakout to fresh all-time-highs. But the classically strong-looking situation wasn't meant to be.With nary a price driver to account for the complete unwinding of shares, Wall Street and its often fickle -- and sometimes perverse -- behavior took the technically-constructive pattern and sent shares into a well-oversold situation that's tested trend-line support this week.I recommend that Pinterest is a stock to buy today. Investors should size the position for a 10% stop-loss to minimize exposure and exit if nearby support fails. Zscaler (ZS)ZS stock is the second of our growth stocks to buy. The cybersecurity upstart dropped the ball with reduced guidance for its fiscal year amid worries that Palo Alto Networks (NYSE:PANW) is encroaching on its growth. Oh, the worries.I'd be quick to point out it's far from unusual for one quarter's jeers to be replaced by investor cheer the very next reporting period. And ZS stock is no stranger to this phenomenon, either. Chalk up the reversal in price action to sandbagging, better-than-feared results or any number of reasons -- Wall Street has lots of reasons to forgive and forget.One early sign that investors will eventually reconnect with ZS stock is the price chart. Shares of Zscaler are oversold while filling a bullish earnings gap from two quarters ago. ZS stock is testing its lifetime cycle 62% Fibonacci support level. * 10 Battered Tech Stocks to Buy Now My recommendation for this stock to buy is to purchase shares if a confirmed weekly chart bottoming candlestick pattern emerges in the next several sessions while continuing to hold ZS stock's fallout low of $46.04. CrowdStrike (CRWD)CRWD stock is the last of our growth stocks to buy. CrowdStrike is another cybersecurity play and another casualty of earnings. Unlike ZS stock, CRWD appears to have suffered the curse of overly high expectations and valuation concerns as this growth stock topped estimates and boosted both its earnings and sales guidance. Talk of competition from VMware (NYSE:VMW) also helped shares spiral lower.Of the three, CRWD stock is the one I'd be most wary of buying. Shares ripped straight through a prior bullish earnings gap and 62% retracement level. CrowdStrike is now testing the 76% level for support. But if this week's low fails, shares are likely to challenge the June opening low of $56.My recommendation for this stock to buy is to purchase shares above $72, as long as CRWD can hold $65. Both the entry and exit blend the chart with pragmatism in keeping risk contained to roughly 10% -- and keeping investors safely on the sidelines for a more valuable stock to buy if a challenge of the prior low and double bottom pattern are to become a future reality.Investment accounts under Christopher Tyler's management currently own positions in Pinterest (PINS) and its derivatives, but no other securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post 3 Oversold Growth Stocks to Buy Today appeared first on InvestorPlace.
(Bloomberg Opinion) -- Careful, AT&T, those Hollywood lights can be blinding. The industry newbie has just struck an eye-popping deal with sought-after director J.J. Abrams to bring more of his movie magic to the telephone-giant-turned-media-conglomerate. AT&T Inc.’s offer amounted to: Dear J.J., please take this wheelbarrow of money. The deal between AT&T’s new WarnerMedia division and the Bad Robot production company, led by husband-and-wife team Abrams and Katie McGrath, is reported to be worth more than $250 million. That’s after Apple Inc. bid $500 million, according to Hollywood Reporter, though Abrams was said to have turned down that offer in part because he wanted to maintain a large box-office presence. With WarnerMedia, Abrams can create content for both the big screen and online-streaming properties. Bad Robot has previously produced hits such as “Star Wars: The Force Awakens,” and the shows “Lost” and “Alias.” The outrageous sums that AT&T and reportedly Apple put forth are emblematic of the escalating arms race for content. Entertainment giants – those new to the business, in particular – are trying to secure hit TV series and films for new streaming-video services launching in the coming weeks and months to compete with Netflix. Apple TV+ is set to be released Nov. 1, followed by Disney+ on Nov. 12 and AT&T/WarnerMedia’s HBO Max next spring. (Last year, AT&T acquired WarnerMedia, formerly called Time Warner, the parent of Warner Bros., HBO, CNN, TBS and other networks.) While most of these relatively low-priced subscriptions are years away from being able to turn a profit, the media giants are willing to bear the cost and pay up for the content to attract and keep customers.But WarnerMedia also threw in an unusual perk for Abrams: He gets to own potentially as much as a 50% stake in the projects he creates for the company, according to NBC News. The inclusion of a term like that, combined with the value of the contract, makes the deal look like a rookie move by WarnerMedia and the executive spearheading its streaming strategy, John Stankey, a three-decade veteran of AT&T’s phone business. Either that or desperation. Virtually no other media or tech giant would likely agree to give up those content rights. In fact, Walt Disney Co. is moving to cut back on the profits it shares with showrunners and stars after hit series pass the crucial 100-episode mark and enter into lucrative syndication deals, according to the Los Angeles Times. Disney wants control over that future licensing windfall, preferring to instead divide profits earlier on, when they aren’t quite as big.It’s no wonder that after Disney, Comcast Corp., Viacom Inc., Sony Corp. and Netflix Inc. were all said to have looked at Bad Robot, AT&T and its new media moguls landed the deal. Stankey, known for a brusque management style, has already had a rough start when it comes to gaining the respect of his new media employees and shaping the vision for WarnerMedia. It's part of the reason shareholder Elliott Management Corp. launched an activist campaign at AT&T this week, calling for more operational focus and a clearer strategy. AT&T CEO Randall Stephenson recently promoted Stankey to chief operating officer in addition to his role presiding over WarnerMedia specifically.Stankey and Stephenson aren’t the only industry outsiders starstruck by Hollywood and feeling the pressure to pay whatever’s necessary to expand streaming-app libraries and keep viewers from canceling subscriptions. Apple TV+ has reportedly dished out $300 million for the first two seasons of “The Morning Show,” an original series starring big names like Jennifer Aniston and Reese Witherspoon. Disney+ spent about $15 million on each episode of its “Star Wars” series, “The Mandalorian,” which adds up to the cost of a big-budget film. But AT&T’s leaders are showing their inexperience in the world of content and entertainment, driving away key internal personnel while so eagerly courting Abrams. The company’s post-deal turnover was punctuated by the high-profile exits of HBO’s Richard Plepler and Turner’s David Levy earlier this year.In reporting on the Abrams deal, Bloomberg News also uncovered an interesting detail about what actually happened to Kevin Tsujihara. He’s the former head of Warner Bros. who left in March amid a sex scandal involving an actress with whom he was having an affair and was accused of helping to land film roles. At first it seemed like Tsujihara was going to stay on despite the scandal, and in fact he had even just been promoted by Stephenson. However, Bloomberg reports that Abrams’s wife, McGrath, essentially gave AT&T an ultimatum, saying that’d it be hard for Bad Robot and WarnerMedia to work together if Tsujihara was there. It all makes sense now.As for the deal, Stankey had better hope Bad Robot makes good movies, because it seems none of his industry peers were willing to offer what he did. To contact the author of this story: Tara Lachapelle at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis 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 the business of entertainment and telecommunications, as well as broader deals. 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.
NEW YORK, NY / ACCESSWIRE / September 13, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. To determine ...
Netflix (NASDAQ:NFLX) continues to face increased competition, and that's putting downward pressure on NFLX stock. On Sept. 10, Apple (NASDAQ:AAPL) announced the price of Apple TV Plus, the company's streaming platform. Set to launch on Nov. 1, it will cost the bargain-basement price of $4.99 a month. That's significantly cheaper than both Netflix at $12.99 a month (its most popular plan) and Disney+ at $6.99 per month. And, if you buy a new Apple device, you'll get Apple TV Plus free for the next year. InvestorPlace - Stock Market News, Stock Advice & Trading TipsOf course, Apple's new streaming service won't have nearly as much content as its peers, but it does plan to add more over time. Owners of NFLX stock have been nervous since it announced weak Q2 2019 results in July that showed a loss in U.S. subscribers and a failure to add as many international subscribers as analysts expected. Now, with Disney (NYSE:DIS), Apple, HBO, NBCUniversal and many others bringing out their streaming services, investors are wondering if the best days for Netflix stock are behind it. "Investor interest in Netflix is at a nadir with a view the stock will not work given these competitive launches the next few quarters," said Credit Suisse research analyst Douglas Mitchelson in a note to clients Sept. 9. "This suggests that for Netflix shares to rebound, 3Q19 results would have to come in well ahead of expectations."Maybe they will. Perhaps they won't. * 10 Big IPO Stocks From 2019 to Watch If you're unsure, but generally like Netflix's business model, you might want to buy these three ETFs as a safer alternative to NFLX stock. Invesco NASDAQ Internet ETF (PNQI)The first ETF to buy I've based on Netflix's weighting within the portfolio. The higher, the better.The Invesco NASDAQ Internet ETF (NASDAQ:PNQI) tracks the performance of the NASDAQ Internet Index, which invests in the largest and most liquid U.S.-listed internet-related companies.NFLX is the fifth-largest holding of the $539 million fund with a weighting of 6.27%. Also included in the top 10 holdings is Amazon (NASDAQ:AMZN), whose Prime video streaming service competes with Netflix for eyeballs. Overall, PNQI has 83 holdings, charges 0.60% (or $60 annually per $10,000 investment), and it has delivered a three-year, annualized total return of 16.7%. Fidelity MSCI Communication Services Index ETF (FCOM)The second ETF to buy I've based on the management expense ratio. The lower, the better.The Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) tracks the performance of the MSCI USA IMI Communication Services 25/50 Index, which invests in U.S. communication services stocks. NFLX is the eighth-largest holding of the $445-million fund with a weighting of 4.18%. Also included in the top 10 holdings are several of its competitors, including AT&T (NYSE:T) at 4.70% and Disney at 7.16%. * 7 Hot Penny Stocks to Consider Now Overall, FCOM has 110 holdings, charges 0.08% annually and it has delivered a three-year, annualized total return of 8.9%. ERShares Entrepreneur 30 ETF (ENTR)The third ETF to buy I've based on the number of holdings. The fewer, the better. The ERShares Entrepreneur 30 ETF (NYSEARCA:ENTR) tracks the performance of the ER30 Index, which invests in 30 of the largest U.S. large-cap entrepreneurial companies. NFLX is the sixth-largest holding of the $74-million fund with a weighting of 4.20%. Amazon is also one of the ETF's top 10 holdings.Overall, ENTR has 30 holdings, charges 0.49% annually and year-to-date has delivered a total return of 21.9%. It does not have a three-year return because it was only launched in November 2017. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post 3 ETFs to Buy If You Want to Go Long Netflix Stock appeared first on InvestorPlace.
Sports network ESPN has been something of a double-edged sword for Walt Disney (NYSE:DIS), as well as the owners of Disney stock, for a long time. On a per-subscriber basis, it generates the most revenue in the sector. As a result however, cord cutting has taken the biggest toll on the media giant.Source: David Tran Photo / Shutterstock.com And there's no sign that the cord-cutting movement is going to slow down anytime soon. In fact, it appears to be accelerating.That's a key part of the reason Disney has launched ESPN, a streaming app that delivers sports programming. It's also part of the reason Disney now owns the bulk of Hulu, and is planning to launch the entertainment streaming channel dubbed Disney+ in November.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Discount Retail Stocks to Buy for a Recession Of the three, though, it's the ESPN+ piece of the company's streaming offering that could prove the toughest for DIS, as it will eventually pit the company against the television providers who are also its de facto partners. It may boil down to a matter of who flinches first. Fighting an Oversized HeadwindDisney doesn't provide a detailed revenue breakdown of the components of its "Media Networks" division. (Accounting for about one-third of Disney's revenue, Media Networks is its largest unit.) But some estimates suggest ESPN accounts for about 50% of the unit's top line. A little math work leads to a rough assumption that ESPN makes up 15% of Disney's total revenue.Cord cutting has made that piece of Disney's revenue pie tough to defend, though.The majority of cable packages include most of Disney's channels. Nearly all cable providers offer ESPN to their subscribers, though, even if some cable providers leave out a number of the company's other channels.As of 2017, cable providers were paying Disney an estimated $7.21 per subscriber per month for ESPN. With ESPN2 and ESPNU, the monthly total rose above $9.00. That's pretty lucrative for DIS, and that revenue stream has been a key supporter of Disney stock.That's why cord-cutting mania has proven so problematic for Disney stock and so worrisome for the owners of DIS stock. As of late last year, ESPN had lost approximately 14 million subscribers in just seven years, and eMarketer anticipates that the number of customers canceling their cable package will grow by another 19.2% this year.The solution, of course, is to offer those defectors an alternative. Even at a monthly price of $5.00, Disney can collect something from ESPN+ customers who are no longer cable subscribers. Even though $9 per month is way below $5 per month, something is better than nothing.The matter isn't nearly that simple, though. At the Tipping PointContrary to the rhetoric, ESPN+ is not an alternative to cable-delivered ESPN. It's an addendum to ESPN's sports programming. No major event that's broadcast on one is shown on the other, and only a few of the commentary shows appear to be available on both channels.That leaves the all-important Monday Night Football out-of-reach for cord cutters. But MNF isn't the only key program that's not available on ESPN+.That's because Disney doesn't want to further alienate the conventional TV providers it still relies on for a wide swath of its revenue.But nonetheless, DIS is starting to clash with the cable companies. Case in point: Disney is currently warning customers of AT&T's (NYSE:T) satellite TV provider, DirecTV, that they could soon be losing access to all of their Disney-driven content if the two companies don't renew their deal soon.Now that streaming platforms are being established and cord cutting is an increasingly viable option, DIS could take a harder line and start offering some content via ESPN+ that previously was only offered on older types of TV.Disney likely knows that access to sports programming is one of the key reasons consumers have not yet canceled their cable and satellite service. Many of those relationships are hanging by a thread, though. Bolstering the amount of content available through ESPN+ could help greatly accelerate the exodus from conventional TV. The Bottom Line on Disney StockThe great irony, of course, is that Disney is helping to drive the very cord-cutting movement it's also lamenting.Granted, it's got help from Netflix (NASDAQ:NFLX) and Amazon.com's (NASDAQ:AMZN) Prime streaming service, which offers a fair amount of sports programming itself. For Disney and Disney stock, though, establishing an alternative sports venue outside of traditional TV is still a savvy option that makes the best of a tough situation.At the very least, ESPN+ effectively monetizes the ESPN name and relationships with professional sports leagues. But ultimately, the company's relationships with cable companies may become too strained to continue in its current form. If DIS adds stronger programming to ESPN+, the $12.99 per month bundle of ESPN+, Hulu and Disney would become more appealing. It may even become appealing enough to accelerate the already rapid cord-cutting movement.However Disney decides to balance cable and streaming, ESPN's content is sure to remain its most enticing asset.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post Disney's ESPN Strategy Will Have a Major Impact on Disney Stock appeared first on InvestorPlace.
Who better to dissect your favorite episode of "The Office" than two stars of the series? Stitcher announced this week a new podcast will feature "Office" cast members Jenna Fischer and Angela Kinsey, The Wrap reports. Each week on the "Office Ladies" podcast, the two will break down a different episode of the NBC comedy, answer fan questions and offer behind-the-scenes insights.
NEW YORK, NY / ACCESSWIRE / September 13, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. If you suffered a loss, you can request that the Court appoint you as lead plaintiff.
Apple and Disney have shown that they want to beat Netflix by undercutting it on pricing. This week, Apple disclosed the details of its streaming service.
The securities litigation law firm of Kuznicki Law PLLC issues the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares in these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff and a preliminary estimate of their recoverable losses. If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court.
Apart from a series of other moves, Netflix (NFLX) has signed prolific filmmaker Karan Johar to strengthen presence in India amid growing competition post Apple's aggressive pricing of Apple TV+.
Shares of Netflix were rising Friday after analysts at Piper Jaffray reiterated the firm's overweight rating and $440 price target, saying that the recent pullback in the stock is overblown. The price target represents a potential upside of 52% from the stock's closing price Thursday of $288.86. "Despite an onslaught of new streaming services currently casting a cloud of concern over NFLX shares, we expect the company will continue to capture a significant portion of traditional content dollars, as those dollars migrate to streaming," said analyst Michael Olson.
Investing.com – Netflix (NASDAQ:NFLX) climbed higher on Friday after Piper Jaffray backed the streaming giant to continue its dominance, even as rivals eye a piece of the pie.
The new Jennifer Lopez movie Hustlers received a standing ovation at its glitzy Toronto premier last weekend, as fans yelled “Jenny from the block!” at the yellow-gowned star. Based on a true story of strippers swindling Wall Street bankers after the financial crisis, the film has also impressed critics and is now showing in cinemas. A string of flops has left the North American box office down 6 per cent in the year to date.