354.31 -0.08 (-0.02%)
After hours: 6:51PM EDT
|Bid||354.05 x 3200|
|Ask||354.80 x 1100|
|Day's Range||353.79 - 359.44|
|52 Week Range||231.23 - 423.21|
|Beta (3Y Monthly)||1.49|
|PE Ratio (TTM)||126.57|
|Earnings Date||Jul 15, 2019 - Jul 19, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||387.03|
FANG stocks are in correction as trade tensions hit tech. How to trade the tech slump. With CNBC's Scott Wapner and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Dan Nathan.
Ben Swinburne, Morgan Stanley media analyst, joins 'The Exchange' to discuss whether Netflix and cable can co-exist in the media industry.
You don't have to wait until June 5th to get your next fix of Black Mirror -- although it might not be what you were expecting. Netflix has announced a trio of Little Black Mirror short promo films with thematic links to the technology-gone-wrong series. They're aimed at a Spanish-speaking audience and will star a host of Latinx social network luminaries offering their take on the franchise, including Rudy Mancuso (who also directed and scored the series), Lele Pons and Juanpa Zurita.
The acronym FANG refers to four high-growth internet stocks. (Sometimes they're called FAANG stocks.) Here's what investors should know about FANG stocks and why they might be worth a look.
In cities globally, street vendors are an essential source of food and provide critical income to women but recent crackdowns are threatening this lifestyle.
Per the deal, Dolby Laboratories (DLB) will recreate old songs from Universal Music's catalog as well as produce newer ones across a wide range of genres.
Semtech's (SMTC) differentiated growth drivers and diversification strategy are likely to drive fiscal first-quarter 2020 results. However, exposure to seasonality and competition remain concerns.
The 1989 rape case of the Central Park Jogger was a notorious miscarriage of justice whereby five young men — four black and one Hispanic — served lengthy jail time for a crime they didn’t commit. Elsewhere in the park that night, a rowdy mob of black youths were committing multiple assaults. In When They See Us (Netflix, Friday), it’s left to Linda Fairstein (Felicity Huffman) of the NYPD’s sex crimes unit to piece together the complex picture of the night’s events.
I don't know what Disney (NYSE:DIS) CEO Robert Iger does day to day. However, I'm sure one of his actions over recent weeks involved a face-palming. That's because DIS stock, which is in the middle of a critical pivot, now faces a possibly severe headwind.Source: Baron Valium via FlickrMaking headlines throughout the world is the ongoing and escalating U.S.-China trade war. It's taken a lot of companies like Disney by surprise. Just a month ago, the tea leaves suggested that a resolution was imminent. Both Washington and Beijing agreed to hash out their differences.But a sharply worded Twitter (NYSE:TWTR) posting from President Trump -- is there any other kind? -- scuttled optimism. As usual, the former real-estate mogul doubled down on his about-face sentiment. Fearing losing face to its citizenry and the international community, China pushed back. The trade war is back on, and so, too, are concerns for the Disney stock price.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Safe Stocks to Buy for Anxious Investors For Iger, the situation must be doubly frustrating. He sat on Trump's business council two years ago and was among the execs who advised the President against igniting an all-out trade war. Interestingly, DIS stock was incredibly choppy until relations appeared to smooth out.Now, Iger is exactly where he begged the business gods not to place him in. Like a pivotal point in a Marvel action movie, just when DIS stock gained decisive momentum off its Disney+ streaming platform, shares have slammed into a wall.With competition expanding in the broader entertainment arena, China presented a glowing opportunity. A country four times the size of the U.S. population, the Asian juggernaut was a license to print money.But before giving up on Disney stock, here are three things to consider: DIS Stock Levers "Status Symbol" BrandsOn the surface, a trade war would spark a nationalistic fervor in China against the "imperialist" Americans. Building off the uproar, the Chinese government will urge (or force) its citizens to boycott all U.S.-made goods and services. Naturally, this would hurt the Disney stock price.In reality, I think the reaction toward a company like DIS will be much more nuanced. I say this because social status in China remains an important factor in everyday life.For instance, when we go grab a quick bite to eat at Pizza Hut or McDonald's (NYSE:MCD), we don't think twice about it. But in China, the situation is much different. If you want a slice at Pizza Hut in Xiamen -- owned by Yum China Holdings (NYSE:YUMC) -- you better get a reservation. I'm not kidding!Like the historical impact of the first McDonald's opening in the Soviet Union, the Chinese still have fond memories of western integration. In my view, this helps Disney stock. The underlying brand represents America in ways other brands can't quite capture.As far as status goes, it's an incredible luxury for an average Chinese family to visit Shanghai Disneyland. So, I'm not overly worried about the trade-war impact here. Disney Stock and That Content EmpireAnother area that deteriorating U.S.-China relations can't touch is Disney's content. Quite simply, the Magic Kingdom has plenty of it, and most of these licenses are extremely lucrative.If you follow my writing on InvestorPlace, you'll know that I'm generally bullish on streaming giant Netflix (NASDAQ:NFLX). Even with DIS getting into the mix, I'm still optimistic on NFLX because of its powerful original content.Admittedly, though, DIS is taking out Netflix's initial advantage of going first to market with the streaming platform. Moving forward, the two will compete head-to-head mostly on content, which is Disney's strength.Further favoring the Disney stock price is the changing nature of the entertainment consumer. With the mainstreaming of geek culture, most of today's successful movies are science-fiction fare or based on comic books.Of course, this is a huge boost for DIS stock because the underlying firm owns the Star Wars franchise. That is a real license to print money, trade war be damned! And when the hotly anticipated Star Wars: The Rise of Skywalker hits theaters later this year, I expect record-breaking sales. That includes both domestic and Chinese box offices. Disney is America's Corporate AmbassadorIf tensions get worse -- and that's more than likely -- I can see the Chinese boycotting expensive American goods. I don't think it's any coincidence that General Motors (NYSE:GM) and Ford Motor (NYSE:F) suffered sharp declines recently.American car companies are on life support. They're only hanging on because of Chinese demand. Surely, the communist government knows this, and they'll go after GM and Ford. By stabbing Detroit in the jugular, China can hand the U.S. a permanently ignominious defeat.But attacking Disney? I don't see it, primarily because this is the most inoffensive brand ever. For one thing, its content, products, and venues appeal to the widest audience possible. Second, Disney is a very diverse brand. Specifically, they're Asian-friendly, which is somewhat important when you're trying to court Chinese viewers.Lastly, we go back to Bob Iger and his short tenure on the President's business council. After hitting the wall that is Trump's ear canal, which helps funnel verbal cues to the President's brain, Iger quit. But in doing so, he may have endeared himself to the Chinese. As luck would have it, this may turn out to be the best move ever.As of this writing, Josh Enomoto 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 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post 3 Reasons Why Disney Stock Could Avoid Becoming A Trade War Casualty appeared first on InvestorPlace.
The Latest on Market Volatility, Apple, Chip Stocks, and More(Continued from Prior Part)A total of 34% of Americans are likely to have more subscriptions in two yearsCord cutting has now gone mainstream. With Disney, Apple, and NBCUniversal all
The broadcast network is said to have made a $5 billion bid for Starz, a cable channel owned by the film-making company Lions Gate Entertainment Corp., which is set to report earnings for its latest quarter after the close of trading on Thursday. CBS is also likely inching closer to a recombination with Viacom Inc., a company with which CBS shares its controlling investor, Shari Redstone, 65. It’s been led by acting CEO Joseph Ianniello since September, when its longtime leader and face of the company, Leslie Moonves, was ousted following numerous sexual-harassment allegations.
In a market that's near its all-time highs, there are a number of stocks like Adobe (NASDAQ:ADBE). There's little doubt that Adobe has an attractive business with excellent growth prospects. The argument comes down to what ADBE stock price should be.Source: Shutterstock ADBE stock isn't cheap. The company's guidance, which it updated after its strong Q1 earnings report, indicates that the price-earnings ratio of Adobe stock, based on expected fiscal 2019 adjusted earnings per share, is 35. Among 56 U.S.-listed stocks with a market cap over $125 billion, only three - PayPal (NASDAQ:PYPL), Netflix (NASDAQ:NFLX), and Amazon.com (NASDAQ:AMZN) - have a forward P/E ratio that's higher than ADBE's 28.4. * 6 Stocks to Buy for This Decade's Massive Megatrend But Adobe almost certainly belongs in that group. And in the context of its current growth and its opportunities, ADBE stock price actually doesn't seem excessive at this point. I've been a fan of Adobe stock for a long time, and ADBE stock has continued to rise for years. Right now, it doesn't look like that will change.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Why ADBE Stock Price Is Cheap EnoughOne simple comparison highlights why Adobe stock is, at worst, cheap enough to consider. Again, ADBE trades at 35 times this year's expected EPS, and 28 times analysts' average 2020 EPS estimate. For a large-cap software play, that's simply not that expensive.Indeed, look at Microsoft (NASDAQ:MSFT), an Adobe cloud partner and a long-rumored potential buyer of the company. Microsoft - even excluding its almost $8 per share in net cash - trades at 26 times analysts' average fiscal 2019 EPS estimate and over 23 times their FY20 consensus EPS estimate.Should Adobe stock be trading at a higher valuation than Microsoft stock? Absolutely. ADBE's growth going forward should be far more impressive. Adobe's adjusted earnings per share, according to analysts' average projections, should rise 23% next year, more than double Microsoft's anticipated increase. Both companies have benefited from the shift to cloud-based services, but Adobe has much lower exposure to flattish consumer PC revenue.This data doesn't mean ADBE stock price is cheap. Indeed, I was skeptical toward Microsoft stock for some time before turning bullish on it last year. The recent run of Microsoft stock to a near-trillion-dollar market cap makes MSFT once again somewhat dicey from a valuation standpoint.But the valuation gap between MSFT and ADBE stock is, at worst, reasonable. If Adobe 's EPS continues to rise at a 20%+ annual rate, that gap will disappear in just a few years. Put another way, 35 times this year's earnings for ADBE stock might sound expensive. But Adobe's EPS looks poised to reach $12 by 2021. At current levels, ADBE stock is trading around 23 times $12. A multiple of 23 times for ADBE stock sounds close to cheap. Growth Drivers for Adobe StockThe ADBE stock price is, at worst, in a range that will enable Adobe to grow into its valuation and then rise further. ADBE is not quite priced for perfection, as some may believe.If ADBE's growth continues, Adobe stock should rise and outpace the market. And there are plenty of reasons to expect that ADBE's growth will continue. Creative Cloud demand is only going to grow as creative jobs multiply amid the growth of streaming media and small businesses, i.e the customers of Shopify (NYSE:SHOP) and Etsy (NASDAQ:ETSY).ADBE's Experience Cloud - boosted by the acquisitions of Marketo and Magento last year - will continue to expand its addressable market and benefit from the increasing importance of data analytics and the increasing breadth of marketing channels, including digital marketing.Adobe should benefit from many of the trends that have driven tech stocks, in particular, to their current valuations. The shift to cloud? Check. Digital advertising growth? Check. Big data? Check . If an investor is going to pay up for exposure to those trends, ADBE stock is a logical choice for him or her. Watch the MarketThe biggest risk to ADBE, in fact, seems to be external. At some point, investors may bring stock valuations down across the board. (But I'd note that risk has been seemingly ever-present for the past decade,.) The ADBE stock price dropped by more than 25% in the market-wide swoon late last year, so it's not immune to broad market weakness.But any investor owning pretty much any tech stock at the moment is taking some sort of valuation risk. And there doesn't appear to be many tech stocks as appealing as ADBE. Adobe stock isn't cheap, but it shouldn't be, at least not yet. And if it keeps doing what it has been doing, $267 will seem cheap in retrospect.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post Adobe Stock Should Keep Moving Higher appeared first on InvestorPlace.
One of our favorite images we’ve used when pitching technology in agriculture is monitors mounted in combines as farmers till and harvest showing board futures prices and basis prices at local elevators. Well, 2019 farmers are taking it to a whole new level. The Journal ran an article about how expanded cell service and GPS guided tractors significantly reduce human interaction time on farm machinery, and many farmers now have a screen dedicated to Netflix Inc (NASDAQ: NFLX) when they get bored on the phone negotiating crop and input prices, looking at weather forecasts, reading news, and whatever else they fill 12 to 18 hours sitting in their tractor or combine.
Despite the weakness in the broader markets in May, not all stocks have suffered the same fate. One stock that has been a bright spot is Roku (NASDAQ:ROKU), the largest over-the-top streaming content provider. On May 21, ROKU stock hit an all-time high at $87.65.Source: Shutterstock U.S. consumers are moving from traditional pay TV services to streaming delivery services. And advertisers are following viewers. Therefore I would not bet against Roku shares longer-term.However, there is likely to be some profit-taking in the stock in the next few weeks. Such a decline would potentially offer investors better entry points if they decide to hit the buy button later in the year. With all of that in mind, let's look at what may be next for Roku stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Stocks to Buy for This Decade's Massive Megatrend Where Is ROKU Stock Now?The streaming device platform Roku, which also is the leading connected TV manufacturer in the U.S., became a darling of Wall Street soon after its IPO in 2017. The price of Roku initially went up from an opening price of $15.78 to a high of $77 in just over a year, benefiting from the disruptive internet entertainment revolution that has made viewing more personalized.Then came the selloff in the last quarter of 2018 -- especially in the tech sector -- which was seen as an important signal that investors were no longer willing to be exuberant with technology stocks and their rich valuation numbers. On Dec. 24, Roku saw a 52-week low of $26.30.As Roku released two consecutive strong earnings reports first on Feb. 22 and later on May 8, bullish momentum came back into the stock and the stock kept rewarding the shareholders. Especially after the Q1 earnings released in May, Roku stock soared the next morning as well as the following several trading days. Year-to-date, ROKU stock is up over an eye-popping 170%. Roku's Business Model is EvolvingRoku stock's revenue can be divided into two segments. "Player" which represents sales of its digital media boxes, and "Platform" which includes advertising sales, licensing and other non-hardware revenue sources.In its earlier years, Roku's player segment accounted for about 75%, while its platform segment, which generates revenue mainly through advertising and content partnerships, provided the other 25%.However, these ratios have been changing rapidly. Now the platform segment accounts for the bulk of the company's sales. And Roku's device sales growth is decelerating. The expanding platform business, in return, means that the advertising business is growing.At present, Roku and Hulu, a video streaming service that is majority-owned by Disney (NYSE:DIS), are the market leaders in over-the-top (OTT) advertising. OTT ads are shown on a TV screen through a smart (connected) TV, or streaming device.For example, Roku sells display ads that it shows on its home screen and on its screen saver. The company also offers ads within the videos it streams from particular channels available through the player. ROKU's Impressive GrowthAccording to the earnings result of Feb. 22, in Q4 2018, ROKU's platform revenue, which made up about 45% of total revenue, grew 129% year-over-year (YoY).Then came the earnings release of May 8 which showed a 79% YoY increase in platform revenue to $134.2 million. Now, platform revenue accounts for 65% of total revenue. Roku's accelerating growth has led to a 51% YoY growth in total revenue, which reached $207 million.ROKU stock also reported strong Q1 sales for both Roku TVs and players. More than one in three smart TVs sold in the U.S are Roku TVs. It has indeed taken the lead from Samsung to become the number one selling Smart TV operating system (OS). Roku's OS, which is built specifically for televisions, is also available in Roku streaming boxes.The operating system enables Roku to have a direct relationship with its almost 30 million subscribers, who are increasingly spending more time on the platform.In its quarterly results, ROKU provides guidance on revenue, gross profit, net income, and adjusted EBITDA. In its Q1 2019 earnings, the group impressed investors with guidance on all four metrics that came above expectations for the rest of the year.Adoption of OTT video services will likely increase in double digits both in the U.S and overseas. And Roku management is also looking at international expansion as the next strategic area of growth.The company aims to grow the number of countries it operates in and to add local content to attract international viewers. However, analysts believe that it will be several quarters before Roku firmly establishes relationships with international retailers and manufacturers and successfully markets its products globally. Bulls vs. Bears amid Intensifying CompetitionRoku is a growth stock, but it's also a speculative stock. Long-term ROKU bulls happily highlight many of Roku's competitive advantages, starting with ROKU's first-mover advantage in OTT advertising, share of smart TVs sold in the U.S. and projected annual growth of over 30% in the rapidly expanding over-the-top streaming market.On the opposing side of the coin are the nervous investors and short-sellers who are looking for any excuse to short ROKU stock. They believe that the market is setting itself up for disappointment. Can Roku's future quarters indeed be as bright as investors want to believe?Unlike Netflix (NASDAQ:NFLX), Roku does not generate content. This is another reason why some investors worry that Roku's revenue growth through subscriptions may simply be not enough to justify the rich valuation. The company still operates at a net loss and is burning cash rather fast.ROKU is facing increasing competition on multiple fronts from several tech and media giants. Rivals such as Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Chromecast, Apple's (NASDAQ:AAPL) Apple TV, Amazon's (NASDAQ:AMZN) Fire TV as well as Disney+.Going forward, will Roku be able to not only hold but also gain ground? As these competitors continue to make their mark in the streaming platform landscape, investors may decide to take some money off the table, pressuring the recent price gains.In March, the stock was hit with several downgrades by analysts who voiced concern at stretched valuation levels. If the broader market does not go up as rapidly as it has done over the past few months, then the momentum in high-flying stocks like ROKU would slow down, too.If Roku cannot keep up with the aggressive growth assumptions, then shareholders may become more concerned with low profits as well as its margins and the stock price could easily suffer. In other words, could the market be getting ahead of itself? Short-Term Technical AnalysisAs a result of the impressive 2019 price gains, short-term technical indicators have become over-extended. Investors who pay attention to short-term oscillators should note that ROKU's technical message has also become "overbought."Therefore, in mid-March, following the downgrades, it was not surprising to see a rapid fall of 14% in one day on the headlines.While long-term investors would now like to see Roku go over the $90 level and reach $100, traders may push the price down and keep the range between $60 and $70, possibly until the next earnings repot in Aug. 2019.Thus in case of a broader market decline in the coming weeks, a pullback toward the mid-$60 level might occur in ROKU stock. The Bottom Line on ROKU StockROKU stock is likely to experience volatility in May and June. So investors should not rush to hit the buy button on Roku in the coming weeks. They may want to wait for the release of the next quarterly statement later in the summer to re-evaluate the balance sheet and the fundamentals.In recent months, ROKU stock has given investors a lot to be optimistic about and investors who buy the shares on the dips are likely to be rewarded handsomely within a few years.In the meantime, Roku may also find itself in the middle of a bidding war from the competitors to be acquired. After all it has experienced strong growth since its IPO and has an enviable advertising business that combines mobile with television.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) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post Look for a Mid-Summer Turnaround for Roku Stock appeared first on InvestorPlace.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day 17 years ago, Netflix, Inc. (NASDAQ: NFLX ) went public. Where The Market ...
Kemp earlier postponed his planned trip to Los Angeles for the annual "Georgia Film Day" after signing the "heartbeat" legislation into law, which outlaws abortion after six weeks.