377.89 +0.55 (0.15%)
After hours: 4:46PM EDT
|Bid||377.62 x 800|
|Ask||377.61 x 1100|
|Day's Range||359.00 - 377.69|
|52 Week Range||231.23 - 423.21|
|Beta (3Y Monthly)||1.58|
|PE Ratio (TTM)||134.76|
|Earnings Date||Apr 15, 2019 - Apr 22, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||383.63|
Yahoo Finance's Sibile Marcellus recently spoke to Hisan Minhaj, who was inducted into Time 100's most influential people.
Netflix will be opening a new production location in Brooklyn, New York, and has plans to continue expanding into bigger working spaces in Manhattan. By 2024, the streaming giant's Manhattan offices will have 127 more workers so it can meet the hiring requirements required to earn tax incentives worth $4 million.
Zoom founder and CEO Eric Yuan is OK with not having grabbed every penny on the road to a sizzling initial public offering. Here's why.
Key Macro Updates: Growth, Central Banks, and Earnings(Continued from Prior Part)Resilient earningsLast year, several observers raised concerns that corporate earnings growth could disappoint in 2019. However, so far, the first-quarter earnings
Will the T-Mobile–Sprint Merger Deal Survive?(Continued from Prior Part)TVision starts at $90 per month This month, T-Mobile (TMUS) launched its long-anticipated TV service, diversifying into the TV subscription market and opening another revenue
IQiyi (NASDAQ:IQ) stock has trended down for the last two months. The uncertainty brought about by the U.S.-China trade war has added to the pain. As a result, iQiyi stock has not gained the traction of many of its American tech counterparts.Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsiQiyi claims it wants to become more like Disney (NYSE:DIS). However, IQ must first overcome its near-term challenges before it can achieve a "Disney-like" status.IQ stock still trades more than 50% below its highs of last June. In the last ten months, many Chinese stocks, even those like iQiyi stock which have little direct relationship to the U.S., have fallen significantly.On Feb. 22, IQ stock rose by almost 22% after it reported its fourth-quarter revenue and earnings which beat analysts' consensus expectations. However, since that day, it has steadily fallen back to the levels at which it was trading before the earnings announcement. * 7 Healthy Dividend Stocks to Buy for Extra Stability iQiyi Prefers Comparisons to Disney, Not NetflixMany like to compare iQiyi to Netflix (NASDAQ:NFLX). However, Alphabet's (NASDAQ:GOOGL, NASDAQ:GOOG) YouTube (at least when it actively developed more premium content) serves as a more accurate comparison. Unlike Netflix, YouTube and IQ depend on advertising revenue. The latter company, however, has decided it wants the public to think of it as China's Disney.But it will take decades to determine whether IQ can become the "Disney of China." Most owners of IQ stock won't hold their shares long enough to see IQ become like DIS, if it ever does.For now, iQiyi needs to worry about turning a profit and then building an imposing content library. Both milestones will take large amounts of time and money, as IQ's peers have already discovered. The tremendous expense of content has begun to weigh on Netflix, and Disney has a decades-long head start in the content-development realm. Multiples, Overall Economy Will Drive IQ Stock for NowTwo other issues for IQ stock are economic cycles and the mood of investors. Traders ran up the value of Netflix even though it took years to achieve profitability.The market has not shown the same patience for IQ. IQ stock trades at 3.4 times its sales and 6.2 times its book value. Few would call such multiples "outrageous." Both multiples also come in well below the price-sales and price-book-multiples of Netflix. However, IQ stock has to deal with obstacles that Netflix did not face.For one, the ADR status of IQ stock adds to its uncertainty. American investors cannot legally own iQiyi stock directly and have to settle for a proxy representing the company. Moreover, the economic expansion has reached its 11th year. Some think there's a high chance of a recession. During recessions, investors become wary of all stocks with high valuations.Also,the Chinese economy has declined in the wake of the trade war. If the U.S. and China finally work out an agreement, IQ stock would likely rise in the short term. However, traders have to remember that American investors trade IQ stock. If U.S. traders feel a recession will happen soon, they likely will not enable iQiyi stock to reach high multiples. The Bottom Line on IQ StockOwners of IQ stock need to focus on the company's near-term challenges, not whether the company can become the next Disney. It has already become apparent that IQ stock will likely not achieve Netflix-like valuations. However, iQiyi has not been as much like Netflix as many thought. Even IQ now says it wants to become more like Disney than NFLX.However, it took decades to build Disney into the media empire it has become today. For now, IQ needs to worry about turning a profit while expanding its content library. The owners of IQ stock need to figure out if and when Wall Street will take the equity to higher levels. With its failure to achieve Netflix-like multiples and fears of a recession looming, now is likely not IQ's time.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post IQiyi Stock Won't Be the Next Disney Stock Anytime Soon appeared first on InvestorPlace.
Netflix Beats Analysts’ Q1 Estimates, Weak Guidance Disappoints(Continued from Prior Part)Analysts’ recommendations for NetflixOf the 45 analysts covering Netflix (NFLX), 28 recommend “buy,” five recommend “sell,” and 12 recommend
Just because we still have a higher bigger-picture target, does not mean that it will definitely make it there, but we do watch targets, since they do get met often enough to make them worth watching. The weekly target in this case comes in at the $475 area. This is a target off the December 2018 low.
Netflix Beats Analysts’ Q1 Estimates, Weak Guidance Disappoints(Continued from Prior Part)First-quarter results Netflix’s (NFLX) global streaming paid membership base grew 25.2% YoY (year-over-year) in the first quarter. Meanwhile, its total
In retrospect, AT&T (NYSE:T) arguably should have sold its minority stake in Hulu back to its majority owners long ago. With less than 10% equity in what was essentially an experimental competitor to Netflix (NASDAQ:NFLX), Hulu didn't mean enough to owners of AT&T stock to truly matter. * 10 S&P 500 Stocks to Weather the Earnings Storm Instead, it waited until its partners had become competitors to pull the trigger, leaving it behind those competitors in the process.Regardless of the timing, it's now happened. AT&T has sold the Time Warner sliver of Hulu back to its majority owner Walt Disney (NYSE:DIS) and larger-minority owner Comcast (NASDAQ:CMCSA), pocketing roughly $1.5 billion for its share.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's hardly the end of AT&T's streaming ambitions, though. If anything, it's closer to the beginning of a home-grown streaming video platform.The foreseeable future of that ambition, however, looks like a rocky one. Going SoloTake a closer, careful look at the streaming video landscape and you'll recognize that partnerships are falling out of favor, and integrated top-down solutions are becoming the preferred means of penetrating the market.Hulu was, of course, the quintessential partnership in the business, melding content from Disney, Time Warner and Comcast's NBCUniversal. It fared reasonably well too, reaching 25 million subscribers as of the end of last year. That's still a distant second to Netflix's 139 million paying members, but far better than any rival operating in the same space.Hulu wasn't built to last, though. Too many cooks, or chiefs, and schools of thought to do the collective any good.Disney's upcoming official launch of its standalone streaming service Disney+ validates the idea that media and entertainment companies feel they're better served doing their own thing, though the fact that Netflix and CBS have also bet heavily on the creation of content sold directly to consumers underscores the idea. Indeed, even Time Warner's HBO offers a standalone streaming option, and Comcast's NBCUniversal reportedly has one in the works.By virtue of bowing out of the Hulu consortium -- not that it had much choice -- AT&T's Time Warner has sloughed off a potential confusion of interests and freed the company to focus on its own Netflix competitor.It's still behind the eight ball, though. Work to Do AheadIt's a development that's not exactly surprising to AT&T stock owners.In March, the organization shook up its management ranks to name former NBC Entertainment chairman Robert Greenblatt as chairman of WarnerMedia's entertainment and streaming businesses. The shakeup also included resignations from HBO's head Richard Plepler and Turner's president David Levy.The changes, according to AT&T, facilitate "agility and flexibility," which isn't difficult to interpret as a shift toward direct-to-consumer options.AT&T is already in that business, to be clear, but hardly thriving. Streaming service DirecTV Now actually lost 267,000 customers last quarter, which was the first net subscriber loss the platform has logged since launching in late 2016. A Time Warner-branded service might fare better, by costing less, which can be made possible by limiting its library of content to just the video consumers want from the company.That's easier said than done, howver. As Hollywood Reporter's critic Tim Goodman pointed out following word that AT&T was exiting its Hulu stake:"Nobody outside of this town -- and hell, many right inside of it -- can really tell you what the hell WarnerMedia is or has, which is not a problem that Netflix, Amazon, Hulu or Disney+ currently grapple with. So, congratulations, WarnerMedia, you're only slightly more mysterious than Apple+, which, for better or worse, is trying to be mysterious on purpose."He's right.And, that's going to be a major headache for a player that's essentially entering the streaming race already in sixth place.In the meantime, pulling the company away from strategizing its branding is the sheer demand for more video content than the company currently produces."They want a lot more content coming out of Warner," said CFRA Research analyst Keith Snyder, adding, "That's going to help them launch the streaming service and go up against Disney. They really need to start generating more content… [the] reorganization is aiming at that more than anything."It's all going to be a lot more work, and complicated, than participation in the Hulu partnership was. Looking Ahead for AT&T StockIt remains to be seen how the market will view the company's next steps down this inevitable path, primarily because it's not even clear the company itself has looked that far down the streaming video path ahead.One matter is clear, however. That is, much work remains to be done, and AT&T isn't looking especially well-positioned. * 7 No-Load Mutual Funds to Buy That's not to suggest AT&T stock is unownable here, or that a Time Warner streaming app can't be competitive. It is to suggest, however, that an awful lot of questions remain regarding exactly how AT&T is going to stand out in an increasingly crowded streaming video industry when most consumers still don't recognize the brand the way they do Netflix, CBS or Disney.As of this writing, James Brumley held a long position in AT&T. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post Sale of Hulu Stake Makes the Streaming Future of AT&T Unclear appeared first on InvestorPlace.
TV+, consumers have more choice than ever in direct-to-consumer entertainment. The options for entertainment are so plentiful that for many TV fans, it's becoming too much of a good thing. "I plan to subscribe to the new challengers if they have content I want and if it is easy to unsubscribe when I'm done," said Arnold Valentino, a 36-year-old in the Bay Area who currently subscribes to Netflix, Hulu and Amazon Prime.
Netflix just posted another quarter of record subscriber additions -- yet its revenue growth still slowed dramatically compared to the first quarter of 2018.
Netflix, which just announced it added nearly 10 million subscribers in the first quarter, will pay $60 million for the three-project deal with Beyoncé, sources tell entertainment trade publication Variety.
Wednesday morning brought with it an unexpected development. Apple (NASDAQ:AAPL) and Qualcomm (NASDAQ:QCOM) had settled their years-long legal dispute. And Intel (NASDAQ:INTC), in response, slunk away from the 5G space with its tail between its legs. That's because, of all the winners that 5G stocks will create, Intel believes it's already lost out in the mobile 5G space, which our own Matt McCall predicts to be a mega-opportunity that comes along once in a lifetime:"Only one company can be first. But in the coming years there will be a slew of big winners as 5G becomes mainstream," Matt wrote recently on InvestorPlace.com.Let's take a trip down memory lane to better understand the opportunity we have with 5G stocks …InvestorPlace - Stock Market News, Stock Advice & Trading TipsLong before Netflix (NASDAQ:NFLX), there was Blockbuster. You may remember it. Personally, the local Blockbuster in my small hometown was an entertainment hub. Beyond row after row of thrillers, horror flicks and obscure kung-fu dubs, you could find candy, popcorn and those gigantic lollipops no reasonable person could finish. Some Blockbuster stores, mine included, had video game stations set up to test out the latest in next-gen tech. I could spend hours there, and sometimes did.When the dial-up modem came along, I still frequented my local Blockbuster.When Netflix.com came online in 1998, the first web-based rental retailer, I still visited Blockbuster. * 10 Best Stocks to Buy and Hold Forever But when the Netflix app became available on mainstream entertainment hubs -- like set-top boxes and Microsoft's Xbox 360 - my trips to Blockbuster thinned. The internet had expanded beyond dial-up, and by this time in 2008, Netflix had found the perfect confluence of application, platform and technology. I soon stopped visiting Blockbuster altogether.The entertainment hub had moved online, and Blockbuster shrunk from the challenge … not unlike what Intel is doing today. Sure, Blockbuster made attempts to staunch the bleeding. Remember Total Access? It was Blockbuster's way of becoming Netflix, only it chose to mail DVDs rather than stream video. Intel's exit from the 5G mobile space, where the market opportunity is the largest for 5G stocks, reminds me of Blockbuster's wrong decision …Why would Intel back off if the opportunity is so great?From Ars Technica:"Then last year, as Apple's legal battle with Qualcomm heated up, Intel became Apple's sole supplier for 4G wireless chips in the iPhone. Intel additionally was working to develop 5G chips for Apple to use in future versions of the iPhone. But recent reports have indicated that Intel was 'missing deadlines' for the wireless chip that was slated to go into the 2020 model of the iPhone.Fast Company reported earlier this month that 'in order to deliver big numbers of those modems in time for a September 2020 iPhone launch, Intel needs to deliver sample parts to Apple by early summer of this year, and then deliver a finished modem design in early 2020.'If Intel had failed to provide Apple with 5G chips in a timely manner, that would have put Apple in an untenable position. The iPhone's competitors would be able to offer 5G capabilities using Qualcomm chips, while Qualcomm could have denied Apple access to 5G chips as long as the patent battle continued."Intel didn't so much leave the space as it was forced out of it. But the company remains positioned for other 5G applications, although not in the most profitable arenas. At any rate, there's a certain significance to the quashing of bad blood between Apple and Qualcomm …5G is nearly here, and even the worst of enemies couldn't allow themselves to be left behind. Where to Find 10X, 20X, 30X Gains in 5G StocksApplication, platform, technology - or APT, if you need a mnemonic device. These are the main ingredients of disruption that took Blockbuster offline. An application based on advanced technology without a viable platform is disruptive in theory, not in practice.It wasn't until the proliferation of high-speed internet that Netflix was able to even introduce streaming. Once the technology was in place, all Netflix needed was a high-volume platform to traffic its application. Put the three together and you have yourself a once-every-ten-years kind of investment.Since January 2008, NFLX gained roughly 10,000% … With 5G just around the corner, we're on the cusp of another explosive opportunity.Here's what Matt writes in Investment Opportunities:"In just a few short years, your daily routine will look something like this:Your smartwatch buzzes to wake you up once optimal sleep has been achieved. It lets you know that your vital signs all good - it monitors your blood pressure, pulse, sleep stats, and more - and sends them off to your doctor's database for preventative measures. Finally, that same smartwatch notifies your coffee machine to turn on and start preparing a warm cup of joe for your morning commute.As you get ready to leave the house, the refrigerator beeps to alert you that you are running low on eggs and milk. It sends a reminder to both your phone and car so you won't forget to stop at the store before returning home.Your commute is made nice and smooth by a variety of things. First, your car drives itself, so you can focus on other things like your to-do list, which your car has synced with your work computer. You can even pay your mortgage by linking up to the auto's 5G-powered Wi-Fi connection. Then there are the smart roads, which have chips embedded in them that help control traffic via connected lights.When you get to work, your autonomous vehicle drops you off and leaves to find a place to park until you are ready to head home. While doing so, it sends a signal to the control device in your office that turns on the lights, sets the temperature, opens your email. Everything is ready the moment you sit down.That's just the first 90 minutes of how a connected day will look in a few years!Will it make your life easier? There's no question."The world described above is made possible by a confluence of applications, technologies and platforms. With 5G, everyday applications will speak to each other in the literal blink of an eye.Without 3G, Apple never would've introduced the App Store, which changed the way we interact with our mobile devices forever. The introduction of 5G, too, will bring with it a step change that introduces entirely new applications. At the same time, the platforms and technology are coming into focus. Together, they form the perfect environment for the next "Netflix" to thrive.One such 5G company, Ericsson (NASDAQ:ERIC), has its fingers in many pies. It has the sort of applications that could be game-changing, including self-driving car connectivity, cloud communication and cellular IoT. Further, Ericsson is instrumental in building out the 5G technology itself.To aid in the standardization of 5G technology, Ericsson's investors, 130 of them to be exact, have joined forces in "the largest in cellular communication in terms of number of inventors, anywhere in the world."Ericsson isn't the only company Matt has identified which could see major gains as 5G rolls out. If you're interested in getting more from Matt on this trend, as well as the other 5G stocks he's recommending, click here. Matt McCall Readers Received a Profitable Heads-UpOn Wednesday, the day Apple and Qualcomm settled, Ericsson shares added 7.5% on blowout earnings, affirming ERIC's position as a market leader in 5G.In fact, Matt recommended buying Ericsson stock on any dips below $9.25, and on Wednesday, ERIC stock soared 7%-plus. If you listened to Matt and bought at the $9.25 level, you'd be up 12.32%. If you bought at its January low of $8.29, you'd be sitting on gains of 25%.Here's what Matt most recently commented to his Investment Opportunities subscribers:"Ericsson (ERIC) held its annual meeting last week and CEO Borje Ekholm was not shy about letting investors know that the company continues to lead the way in 5G networks around the world. To date, Ericsson has announced 16 commercial deals with service providers, which is more than any of its competitors.Last year was a turnaround year for Ericsson, and in the coming months and years I look for it to keep moving forward with its business model. The U.S. market is now ahead of Europe, and with Huawei out of the picture the Pentagon is expected to lay groundwork that will benefit both Ericsson and Nokia - the next two leading telecom equipment companies by market share."If you missed out on these gains in Ericsson stock, you may still find a triple- or quadruple-bagger in sectors such as retail, agriculture, media and entertainment, energy and utilities, and so much more.We're on the verge of an "instant economy" where the farthest-reaching parts of the world will become accessible to you at the tap of a screen or even sound of your voice. This technology, and the applications that spring from it, will beget more technologies, such as "quantum glass" batteries, that are needed to support the tech.In fact, Matt has prepared an interesting video about the impact of the "quantum glass" batteries. Click here to watch it.Matt writes about such next-generation opportunities in his Investment Opportunities newsletter, covering businesses in and around the 5G ecosystem, among many more high-growth stock picks. To summarize, Matt said it best in his column on 2019 predictions:"One of my highly likely predictions is that we'll begin a new chapter in wireless technology.I'm talking about 5G. As I write this, nearly all of the major wireless carriers are set to begin rolling out the latest generation of technology. There will be many beneficiaries of this shift. Everything from autonomous vehicles to the Internet of Things (IoT).But one area that has been overlooked is the augmented reality (AR) and virtual reality (VR) industry. Faster internet speeds combined with less latency (lag time) will result in a much smoother AR/VR experience.I have used VR headsets a few times, and I have to say I was quite impressed. That said, I am certainly not a hardcore gamer nor did I push the headset to its limits. Once 5G is rolled out, the future of the AR/VR industry will look very different."Things will be very different, indeed.John Kilhefner is the managing editor of InvestorPlace.com. As of this writing, John did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post Donat Miss Out on the Netflix of 5G Stocks appeared first on InvestorPlace.