|Bid||11.22 x 34100|
|Ask||15.39 x 800|
|Day's Range||13.52 - 14.12|
|52 Week Range||10.65 - 14.38|
|Beta (3Y Monthly)||1.12|
|PE Ratio (TTM)||52.08|
|Forward Dividend & Yield||0.20 (1.42%)|
|1y Target Est||N/A|
It will draw from hundreds of news sources, including national outlets such as The Wall Street Journal, New York Times, the Washington Post and NBC News, digital-native players, magazine publishers and local newspapers, the Journal said. News Corp, which owns Dow Jones Newswires, HarperCollins book publishing business and the Wall Street Journal, did not immediately respond to a request for comment.
It took them a little while to believe it. But, after assessing what the minutes from the most recent Federal Reserve governors meeting said, investors decided the glass was half full. The S&P 500 ended Wednesday's action at 2924.43, up 0.82%, and in the middle of several moving average lines.Source: Shutterstock Target (NYSE:TGT), incredibly enough, led the charge, rallying more than 20% on the heels of an impressive second-quarter report. Same-store sales grew 3.4%, and e-commerce revenue was up 34%. That's a tremendous win for the retailer, which got a slow start on the digital sales front.Nordstrom (NYSE:JWN) knocked it out of the park too, rallying more than 5% in front of its post-close report, then adding more than 10% in response to its solid quarterly earnings figure. Although sales came up short of expectations, income of 90 cents per share easily topped expectations of only 77 cents.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNot every name was a winner, though. Holding the market back more than most others was Cree (NASDAQ:CREE), and its 16% stumble. Although the chipmaker topped last quarter's sales and profit expectations, investors were horrified of its guidance for the quarter now underway.As Thursday's action gets going, however, it's the stock charts of News Corp (NASDAQ:NWSA), Bank of America (NYSE:BAC) and Philip Morris International (NYSE:PM) that are of the most interest. Philip Morris International (PM)A year ago, Philip Morris International was in real trouble. PM stock was not only trending lower, it plunged April and wasn't acting as if there was any interest in a recovery. Even once the bulls started to test the waters by October, they had the rug pulled out from underneath them. In one fell swoop in December, Philip Morris was deep into new 52-week territory. * 10 Marijuana Stocks That Could See 100% Gains, If Not More Things do seem to have taken a turn for the better in the meantime though. While it has been anything but a straight-line effort, the choppiness has also been net bullish. One more good 'umph' could push PM shares over the hump. Click to Enlarge• It started in March, but that effort buckled until it was renewed in July. That's when Philip Morris broke back above the falling resistance line plotted in red on the weekly chart.• It doesn't look like it on the daily chart, but it's there. All the moving average lines, and the stock itself, are converging to a point that could be setting up an explosive divergence.• Although the undertow is bullish, there's still a significant ceiling ahead. As marked on the weekly chart, in blue, the $92.86 level has capped a couple of rally efforts since late last year. News Corp (NWSA)A week and a half ago, News Corp shares jumped higher, pivoting out of a lull at a point exactly where support would be expected to be found. The move rekindled a big gain in June that shook shares out of a rut and possibly back into an uptrend.That move persisted for a couple more days, albeit at a slower pace, until finally a familiar technical ceiling stopped the effort cold. The subsequent pullback was quelled as well though, with the advance rekindled last week. Although the ceiling remains in place, the odds of punching through this effort improve every day. Click to Enlarge• The technical ceiling is around $14.40, plotted with a yellow line on both stock charts, where shares peaked in November and again earlier this month.• The daily chart of News Corp also makes clear that the white 200-day moving average line and now the blue 20-day moving average line are serving as support, ending selloffs.• As of yesterday, the gray 100-day moving average has moved above the 200-day line, and all four key moving average lines are sloped upward. The underlying momentum is undeniably bullish. Bank of America (BAC)Banks like Bank of America aren't in absolute dire straits, despite the recent rate cut. Though lower rates mean weaker profit margins on lending activity, the economy is reasonably healthy. Banks, including B of A, will be fine.That doesn't mean BAC stock is going to hold up against a near-term bear attack though. A well-established but sinking floor was met again last week, and though traders pushed up and off of it a little bit, it's still within reach of a break below that floor. And, the backdrop is less than encouraging. Click to Enlarge• The support in focus is marked with a red dashed line on both stock charts. It connects most of the major lows since the middle of last year, and is clearly moving lower.• It has been messy on this front since the beginning of the year, we're on the cusp of seeing shorter-term moving average lines slide below longer-term moving averages.• It's only evident on the weekly chart, but it's crystal clear there … there's growing volume behind the recent weakness. The Chaikin line has fallen below the zero level as of last week.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 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post 3 Big Stock Charts for Thursday: Bank of America, News Corp and Philip Morris appeared first on InvestorPlace.
The most recent earnings update News Corporation's (NASDAQ:NWSA) released in August 2019 showed that the company...
The second part of an exclusive GuruFocus talk with Oakmark's value gurus. They discuss Apple, News Corp, idea generation, lessons learned and much more Continue reading...
Thursday's gain felt a little too strong to trust, and sure enough, it didn't last. The S&P 500 fell 0.66% on Friday, leaving it squarely in the middle of equally important support and resistance levels.Source: Shutterstock General Electric (NYSE:GE) was the proverbial problem child. It fell more than 3%, logging its seventh loss in eight sessions as worries about its turnaround resurfaced. Smaller Nektar Therapeutics (NASDAQ:NKTR) posted the decidedly larger loss though, giving up nearly 30% of its value after the company reported a production issue with one of the drugs in a key trial right now.One noteworthy winner … Amgen (NASDAQ:AMGN) rallied 6% on the heels of news it has won a case involving the patent on its Enbrel. There just weren't enough names like Amgen to finish the week on a high note.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Medical Marijuana Stocks to Cure Your Portfolio As the new trading week kicks off, take a closer look at the stock charts of News Corp (NASDAQ:NWSA), Xilinx (NASDAQ:XLNX) and Gilead Sciences (NASDAQ:GILD). They're all positioned for major moves, with just the right nudge. Gilead Sciences (GILD)For the better part of June and July, Gilead Sciences was working on a break above a couple of different resistance levels. Although they were tough, a move above them could mark the beginning of a prolonged move higher. Unfortunately, before that advance had a chance to fully take hold, it petered out in the latter part of July.It may be too soon to give up on GILD stock just yet though. Last week it found support at a (very) familiar spot, and in the meantime we've moved to within reach of what could prove to be a hugely catalytic technical event. * Click to EnlargeThe support is the floor that lines up all the key lows since the end of 2018, marked in white on both stock charts. Gilead shares pushed up and off that floor last week, ending the pullback. * Thanks to June's big jump following a broad rally effort since March, the purple 50-day moving average line is close to crossing above the white 200-day average … a so-called "golden cross" that may spur more buying. * The weekly chart puts things in perspective. The loss since 2015 has been significant. The same weekly chart shows the stock is also on the verge of breaking above a couple different long-term resistance lines driving that downtrend. One is marked in blue, and the other red, tagging all the key highs going back for years. Xilinx (XLNX)Xilinx shares have been fighting a losing battle since July 24, when a budding rally quickly rolled over and turned into a selloff. Broad concerns about trade with China and specific concerns about its relationship with Huawei up-ended the bullish effort.The selloff initially looked manageable. Although the dip wasn't small, shares hinted as if they would find support where they most needed to (and where they did the last time support was found). Thursday's sharp gain largely solidified the bullish backdrop. Friday's big stumble, however, may have cemented more weakness in place. * 10 Internet Stocks Getting Hammered * Click to EnlargeThe line in the sand is the 200-day moving average, plotted in white on both stock charts. XLNX broke that support in a big way on Friday, logging its lowest close in weeks to end the week. * The volume for the past two weeks is problematic for the bulls too. The selling has been on high volume, and the one good day in the midst of the rout -- Thursday -- was clearly on below average volume. * Last week's selling has also pulled Xilinx to within striking distance of a key Fibonacci retracement line near $102. It may not break it with a straight-line move, but it's still vulnerable to such a breakdown. News Corp (NWSA)It was wholly inspired by its fourth-quarter earnings beat. Nonetheless, News Corp shares demonstrated impressive technical strength on Friday, finding support where it ideally would. The big move carried shares to a huge line in the sand as well, and though it didn't push shares past that line, NWSA stock is perfectly positioned to punch through that mark this week. It may just need to peel back a little bit first to get a good running start. * Click to EnlargeThe line in question is right around $13.77, marked in yellow on both stock charts, near where NWSA peaked on Friday as well as in late June. * The rally, however, ultimately started on Wednesday with a hammer-shaped reversal bar that found technical support at the gray 100-day and white 200-day moving average lines. * It would be easy to overlook in the midst of the volatility, but the purple 50-day moving average line moves above the 200-day moving average last month, pointing to a well-established uptrend.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. 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 * 7 Large-Cap Stocks to Sell Right Now * 7 Stocks Under $7 to Invest in Now * 7 Marijuana Stocks With Critical Levels to Watch The post 3 Big Stock Charts for Monday: Xilinx, News Corp and Gilead Sciences appeared first on InvestorPlace.
News Corporation (NWSA) retains positive earnings surprise trend in the fourth quarter. However, top line missed the Zacks Consensus Estimate for the second quarter in row.
(Bloomberg) -- The Justice Department is scrutinizing Google’s digital advertising and search operations as authorities gear up a broad antitrust review of the market power of giant internet companies, according to people familiar with the matter.Antitrust officials have been actively meeting over the past month with third-party companies that could have grievances against Google, including publishers and consumer-facing websites, said two people familiar with the matter. Advertisers and ad-tech companies have also met with the officials, and more meetings are on the calendar, one of the people said.The focus on advertising and search operations signals where the department could be taking its inquiry, which is in its early stages and could drag on for months. The range of companies meeting with the antitrust officials goes beyond those that have previously voiced complaints, which include Oracle Corp., News Corp. and Yelp Inc., the person said.Bloomberg reported in June that the Justice Department was preparing to investigate Google, but this is the first indication of the status and scope of the review.The antitrust division, led by Makan Delrahim, is pouring resources into the inquiry, drawing in lawyers from other sections of the agency to study the issues, one of the people said. While the division is exploring the digital advertising and search markets in the review’s initial stages, it will continue to narrow down the ultimate focus, one of the people said.Google controls much of the technology that news publishers and marketers use to serve ads across the internet and nets most of its revenue from ads. The company reported $116.3 billion in advertising revenue last year, which represented 85% of overall sales. It doesn’t break out its revenue by channels. Publishers and rivals have complained that Google’s dominance hinders competition in that market. Earlier this year, the European Union fined Google $1.7 billion for violating competition law with its online practices.Google said its innovations have reduced prices and expanded choice for consumers and merchants, pointing to its testimony before a House antitrust panel in July. “We have created new competition in many sectors, and new competitive pressures often lead to concerns from rivals,” Google lawyer Adam Cohen said in prepared comments for the hearing. “We have consistently shown how our business is designed and operated to benefit our customers.”The Justice Department declined to comment. The people described the investigation under condition of anonymity due to the confidential nature of the inquiry.Attorney General William Barr has elevated a lawyer from the antitrust division to be his point person on the review, signaling his hands-on interest in the issue. Lauren Willard has been appointed to serve as his counselor and report to him on developments in the inquiry, according to a department official.The Justice Department last month announced its broad review of whether technology giants are hurting competition following mounting criticism across Washington that the companies have become too big and too powerful. The department hasn’t specified which firms it would scrutinize.Bloomberg reported in June that U.S. antitrust agencies carved up oversight of four tech giants, with the department taking Alphabet Inc.’s Google and Apple Inc., and the Federal Trade Commission claiming Facebook Inc. and Amazon.com Inc.Read More: Far From Silicon Valley, Trustbusters Plotted Big Tech AssaultThe investigation is a sign of the escalating pressure on tech giants, from Capitol Hill to President Donald Trump, who accuses the companies of silencing conservative views.The giants of the industry are under fire over massive collection of user data, failing to police content on their platforms, and claims that they are harming competition and reducing choices for consumers.\--With assistance from Chris Strohm, Naomi Nix, Mark Bergen and Ben Brody.To contact the reporters on this story: Sara Forden in Washington at firstname.lastname@example.org;David McLaughlin in Washington at email@example.comTo contact the editors responsible for this story: Sara Forden at firstname.lastname@example.org, Mark NiquetteFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
News Corporation's (NWSA) Q4 performance is likely to be negatively impacted by a fall in advertising revenues at the News and Information Services segment.
When Elizabeth Warren was asked earlier this year if she’d ever attend a Fox News town hall, the Democratic presidential candidate slammed the network as a “hate-for-profit machine” and vowed never to accept an invitation. She just doubled down on her stance in the wake of the latest shootings.
After the Parkland shooting in February of 2018, the NY Post implored President Trump to take action and “help stop the slaughter.” Not much has changed since then.
News Corp. (NWSA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
World Wrestling Entertainment's (WWE) Q2 revenues decline year over year. Management pointed that lower revenue from the Media, Live Events and Consumer Products business segments hurt the top line.
Reps. Alexandria Ocasio-Cortez, Ayanna Pressley, Ilhan Omar and Rashida Tlaib are currently locked in a battle over a tweet by President Trump widely condemned as racist.
Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as News Corporation...