|Bid||276.66 x 1000|
|Ask||276.83 x 1200|
|Day's Range||269.62 - 277.67|
|52 Week Range||185.22 - 423.21|
|Beta (3Y Monthly)||1.81|
|PE Ratio (TTM)||98.90|
|Earnings Date||Jan 21, 2019 - Jan 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||391.24|
Jennifer Rogers gets the latest from Yahoo Finance's Sibile Marcellus on what companies pose the biggest threat to Netflix as the streaming wars continue into 2019.
As 2018 winds down, it’s off to the streaming races for 2019. Disney and AT&T will launch new streaming services, while Netflix will try to fend off the competition from new and old media giants.
Will 2019 bring a fresh slate or more uncertainty for Netflix investors? This year, Netflix's stock is up 36% despite a precipitous tumble since July, when a subscriber miss provoked a negative turn on the stock that has persisted for months. Netflix bulls argue that its dominance in streaming, strong renewal rates and ability to jack up prices in the future could reap rewards for investors.
Netflix and Tesla have together burned through $15 billion in cash in the last decade, through the third quarter of this year, in order to create a whole ecosystem of consumer goods that have never existed before.
For example, Apple (NASDAQ:AAPL) has earned most of the profits from smartphones, almost all of the profits from streaming video have gone to Netflix (NASDAQ:NFLX), Nvidia (NASDAQ:NVDA) has gotten much of the profits from chips for artificial intelligence and Tesla (NASDAQ:TSLA) has gotten a huge share of the revenue from electric car sales (in the U.S.). In 2019, it’s apparent that these companies will indeed encounter much more intense competition. Unless these companies unveil new or improved features or products, Apple, Netflix, Nvidia and Tesla are likely to be meaningfully hurt by their significantly beefed-up competition.
Netflix (NASDAQ:NFLX) was a first-half winner, doubling investors’ money through July, but has since lost 25% of its value. All the Cloud Czars — Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Facebook (NASDAQ:FB), have had forgettable second halves. It’s a reminder of what former Federal Reserve board chair Paul Volcker is reported to have said when a woman asked him, during his time at the Fed, what the stock market would do.
The city of Sunderland, on the northeast coast of England, has gotten kicked around. In 2017, the Sunderland Association Football Club, founded in 1879, was relegated, or demoted, from the English Premier League to the Championship, or second-tier league. This was, naturally, a blow to team’s finances—as the organization’s beleaguered chief executive, Martin Bain, points out in the superb “Sunderland ’Til I Die,” the team’s TV rights immediately dropped to $40 million from $100 million.