134.90 +1.14 (0.85%)
After hours: 7:48PM EDT
|Bid||134.61 x 900|
|Ask||134.75 x 800|
|Day's Range||127.00 - 134.88|
|52 Week Range||26.30 - 176.55|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 5, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||133.07|
Two factors increasing the chance of that were the overall reaction from the Fed's action, a buyback from Target Corporation (NYSE: TGT) and a dividend raise and buyback by the S&P 500 index top component Microsoft Corporation (NASDAQ: MSFT). The impact of the former CEO of Overstock.com Inc (NASDAQ: OSTK) dumping all of his shares was discussed. United States Steel Corporation (NYSE: X) followed the lead of Steel Dynamics, Inc. (NASDAQ: STLD) in lowering third-quarter guidance, and it was deep in the red in premarket trading.
Don’t wake a sleeping giant — or else face the repercussions. Roku (ROKU) is learning that lesson the hard way right now. While the maker of popular streaming players is considered a giant in its own industry, it’s still a relatively small company and is competing with some of the largest in the world, including Amazon, Google and Apple. And now, with Facebook and Comcast announcing their answer to the streaming business Wednesday, Roku’s stock plummeted nearly 14%.4-star Rosenblatt analyst Mark Zgutowicz believes the selloff was an "overreaction," as he reiterates a Buy rating and $134 price target on Roku stock. (To watch Zgutowicz's track record, click here)A major reason for Roku’s drop Wednesday came after Comcast announced it would give Internet-only customers a free Xfinity Flex streaming box. The streaming box works similar to that of a Roku, allowing users to access HBO, Netflix and other streaming services, as well as over 10,000 free movies, and was previously offered to customers at $5 per month. But while Comcast’s device works similar to that of a Roku and is free (compared to Roku, which starts at $29.99), Żgutowicz says “the potential impact to Roku looks modest.” The analyst explains, "We estimate Comcast has ~8M broadband-only homes in the US growing at 1.5M annually. If we assume Roku’s estimated 35% US broadband household penetration is representative in Comcast broadband households (or ~3M), that leaves only ~5M homes open to consider a Comcast or Roku streaming service (or any other) today." Furthermore, the analyst believes that “Roku has a significant customer acquisition advantage to Comcast via...Roku TV,” while the company's “top streaming brand status carries significant clout in streaming TV purchase decisions.”Aside from Comcast, competition is rising with Facebook coming into the mix. While not viewed as a major threat, Facebook’s new streaming device also closely resembles Roku’s. Called Portal TV, the new device will allow users to video call others via Whatsapp or Messenger, while also providing access to Amazon Prime Video, Showtime and other video channels. But Facebook’s device is more similar to a tablet as it is a 10-inch screen. Consensus VerdictAll in all, despite recent weakness in Roku stock, the Street largely seems to echo Żgutowicz’s positive sentiment, considering TipRanks analytics showcase ROKU as a Buy. Out of 14 analysts polled by TipRanks in the last 3 months, 8 are bullish on ROKU stock, 5 remain sidelined, and only one is bearish on the stock. With a loss potential of 4%, the stock’s consensus target price stands at $126.62. (See ROKU's price targets and analyst ratings on TipRanks)Crowd InsightsROKU's big ambitions have clearly struck a chord with investors. This streaming-video device maker boasts a “Very Positive” investor sentiment on TipRanks. Over the last 30 days, the best-performing investors have increased their ROKU exposure by 6.6%.
Roku Express Features New, Smaller Form Factor; Roku Ultra Delivers Powerful 4K Streaming with New Personal Shortcut Buttons and Fast Channel Launch
Media giant Comcast Corporation (NASDAQ: CMCSA ) will begin offering internet customers a free over-the-top box set, but one Roku Inc (NASDAQ: ROKU ) analyst isn't worried about the new competitive landscape. ...
Video-streaming space gets increasingly crowded as Comcast and Facebook join the bandwagon. However, intensifying price war and fight for exclusive rights are threats.
Shares of Roku (NASDAQ:ROKU) officially entered bear market territory yesterday, dropping over 20% from the recent highs at the $170 area. But the red-hot rally that took ROKU stock to such lofty levels was arguably way overdone. And in a similar fashion, the unrelenting selling in ROKU stock is getting a little overdone as well.Source: Michael Vi / Shutterstock.com What all that means is that it's time to position to be a buyer of Roku on any further weakness.The competition in the fiercely competitive streaming space just got taken up a notch yesterday, leading to yet another plunge in the ROKU stock price. Comcast (NASDAQ:CMCSA) announced it will give a free streaming box to current subscribers, while Facebook (NASDAQ:FB) introduced Portal TV.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis follows on the heels of such heavyweights as Apple (NASDAQ:AAPL), Disney (NYSE:DIS) and Amazon making a move into internet media. While competing with the big boys can certainly crimp margins, ROKU does have the first mover advantage. Over 1/3 of all smart TVs now come with ROKU already installed.Michael Morris of Guggenheim upped his price target yesterday from $119 to $180, citing under-appreciated international growth opportunities. He also noted that ROKU is in a rare win-win-win-win arrangement with hardware manufacturers, consumers, content providers and advertisers. Although the upgrade was ill-timed given the massive drop in ROKU stock, the long-term thesis still remains valid.It's important to also remember that ROKU had a huge earnings beat last quarter. The company reported an earnings loss of 8 cents, much better than expectations for a loss of 23 cents. Revenues were also presentable, coming in at $250 million versus the $225 million analyst consensus. ROKU also raised its full-year guidance. The recent carnage in ROKU stock, however, has all but wiped out the gains made post earnings. ROKU Stock ChartsROKU is looking decidedly oversold from a technical perspective. Its 5-day RSI is now below 20 and at levels that have signaled a significant low in the past. Its MACD just reached the lowest reading of the year. Downside momentum is getting extremely bearish, while Bollinger Percent B is nearing negative. Meanwhile, ROKU stock held the 50-day moving average, while the 100-day average of $108.58 should provide additional downside support.ROKU saw some unusual option activity as well yesterday. Nearly 4,500 Sep 27 $140 calls traded versus only 261 open interest. This type of aggressive call buying likely means some big-time player is positioning for a pop in the ROKU stock price.The huge drop in ROKU yesterday -- nearly 14% -- also drove up implied volatility. This means option prices are more expensive, favoring selling strategies when constructing trades. So to position to be a buyer of ROKU at even lower levels, an out-of-the-money bull put spread makes strategic sense. Trade Idea for ROKUBuy the ROKU Nov $95 put and sell the ROKU Nov $100 put for a $1 net credit.The maximum gain on the trade is $100 per spread with maximum risk of $400 per spread. Return on risk is 25%. And the short $100 strike price provides a 23% downside cushion to the $123.98 closing price of ROKU stock.Tim may hold some of the aforementioned securities in one or more of his newsletters. Anyone interested in finding out more about Tim and his option-based strategies can go to https://marketfy.com/item/options-and-volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Stocks to Buy for a Recession * 10 Companies Making Their CEOs Rich * The 7 Best S&P 500 Stocks of 2019 So Far The post Trade of the Day: Roku Stock Is More Attractive After Latest Rout appeared first on InvestorPlace.
Roku Inc. on Thursday announced new Roku Express and Roku Ultra streaming devices, a day after the company's shares tumbled amid competition concerns. Roku's Thursday announcements included the unveiling of the new Roku Express, which is 10% smaller than the older model and costs $29.99. The new Roku Ultra will sell for $99.99 and let users personalize their remotes. Comcast Corp. on Wednesday said it would be giving away its Xfinity Flex streaming box for free to those on the media giant's internet-only plan, helping to send Roku shares more than 13% lower in the session. Roku's stock is off another 2% in premarket trading Thursday. The shares are up 324% so far this year, as the S&P 500 has risen 20%.
U.S. stock futures are circling unchanged this morning after a quiet reaction to yesterday's Federal Reserve announcement. The central bank cut its target rate by a quarter-point as expected, and the market is taking the news in stride. With the uncertainty of the meeting out of the way, it looks like the uptrend carrying stocks into this week is poised to continue.Source: Shutterstock Against this backdrop, futures on the Dow Jones Industrial Average are up 0.05%, and S&P 500 futures are higher by 0.05%. Nasdaq-100 futures have added 0.04%.In the options pits, put trading outpaced calls for the first time in weeks, even as overall volume climbed slightly above average levels. Specifically, about 18 million calls and 18.4 million puts changed hands on the session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe return of put demand pushed the CBOE single-session equity put/call volume ratio up to 0.70 -- a three-week high. Meanwhile, the 10-day moving average held its ground at 0.60.Options traders zeroed in on three big names. Roku (NASDAQ:ROKU) was flooded with volume after two new players entered the streaming industry. AT&T (NYSE:T) continued to digest last week's huge gains after news of a $3.2 billion stake taken by Elliot Management Corp. Finally, Netflix (NASDAQ:NFLX) shares are attempting to bottom but were rejected once more by overhead resistance.Let's take a closer look: Roku (ROKU)Roku shares crashed 14% Wednesday and are down another 4% premarket after news hit that competition is heating up in the streaming space. Facebook (NASDAQ:FB) unveiled a new line of Portal TV devices that includes streaming and video calling. Adding insult to injury, Comcast (NASDAQ:CMCSA) announced they would provide a free Xfinity Flex streaming box to its internet-only subscribers. * 8 Dividend Stocks to Buy for a Recession The meteoric ascent for ROKU stock was bound to succumb to gravity, but this certainly isn't the type of mean reversion shareholders were hoping for. This month's descent has been vicious and will take time to heal. With today's down-gap, ROKU will open below its 50-day moving average and could soon test its earnings gap area at $117.Thursday's freefall lit a fire under options trading. Activity rocketed to 278% of the average daily volume, with 390,701 total contracts traded. Calls actually led the way, despite the drubbing, with 54% of the day's take.The increased demand drove implied volatility higher to 65%, placing it at the 29th percentile of its one-year range. If you're looking for a knife catch play, selling bull put spreads is attractive here. AT&T (T)AT&T has one of the prettiest charts on the planet heading into today's session. It's uptrend scored increasing momentum during last week's ascent, and the five-day pullback that has since formed is textbook. Volume has been light, and the size of the candles has been average, signaling garden-variety profit-taking instead of trend-ending distribution.Two narratives driving the stock this month were the recent disclosure of a $3.2 billion investment in AT&T by activist investor Elliot Management Corp., and yesterday's Wall Street Journal article revealing AT&T was "exploring parting with its DirecTV unit."As far as options trading goes, calls outpaced puts by a wide margin, accounting for 70% of Wednesday's tally. Total activity grew to 185% of the average daily volume, with 224,808 contracts traded.Implied volatility remains subdued at 21% or the 20th percentile of its one-year range. * The 7 Best S&P 500 Stocks of 2019 So Far Netflix (NFLX)July's disappointing earnings release sparked a downtrend in Netflix, and it has yet to reverse. Signs of slowing momentum are beckoning to bottom fishers, but patience may be needed. Yesterday's drop reaffirmed resistance at $300 and gave traders a clear level to trade around. Get bullish above, but stay bearish below.The news was light Wednesday, but that didn't prevent options traders from landing NFLX stock on the most-actives leaderboard. Calls proved more popular than puts by adding 57% to the session's sum. Activity climbed to 135% of the average daily volume, with 199,999 total contracts traded.Implied volatility has been steadily creeping higher and pushed to 48% yesterday. That lands it at the 37th percentile of its one-year range and means premiums are now pricing in daily moves of $8.80 or 3%.As of this writing, Tyler Craig held bullish options positions in ROKU. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Stocks to Buy for a Recession * 10 Companies Making Their CEOs Rich * The 7 Best S&P 500 Stocks of 2019 So Far The post Thursday's Vital Data: Roku, AT&T and Netflix appeared first on InvestorPlace.
Roku, Inc. (ROKU) today unveiled its 2019 streaming player lineup for Canada, consisting of three models. Roku® launched a redesigned Roku Express, offering easy HD streaming in a sleek new form factor. Brand new to the Canadian line-up is the Roku Premiere which delivers 4K streaming with HDR, starting from CAD 49.99.
Roku, Inc. (ROKU) today unveiled its 2019 streaming player lineup for the United Kingdom, consisting of three models. Roku® is launching a redesigned Roku Express, offering easy HD streaming in a sleek new form factor. Brand new to the UK line-up is the Roku Premiere which delivers 4K streaming with HDR, starting from £39.99.
Roku, Inc. (ROKU) today announced Roku® OS 9.2 will start rolling out to Roku devices in the coming weeks. The new “Roku Tips & Tricks” channel features videos to help Roku users get the most out of their Roku devices. Roku Voice enhancements provide new voice control options while new channel performance improvements enable smoother streaming experience.
Roku (ROKU) shares closed down almost 14% on Wednesday as social media giant Facebook (FB) announced that they would be jumping on the streaming bandwagon.
After a couple of quiet days for equity investors, we finally got some action in the stock market today. The move comes after the Federal Reserve announced a 25 basis point reduction in the Fed Funds rates.Just the day before, we had noted that the likelihood went from a sure-fire rate cut a few weeks ago to a coin toss. Well, the Fed delivered with lower rates and Fed Chair Jerome Powell said the Fed will be accommodating in the future.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe SPDR S&P 500 ETF (NYSEARCA:SPY) climbed 0.1%, the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) rallied 0.2% and the Invesco QQQ Trust (NASDAQ:QQQ) slipped 0.04%. Fed CutsWhile the Fed statement says it will be accommodating, the group does not seem interested in a spree of rate cuts. That's according to the voting members and where they stand in regards to cutting rates both this month and throughout the rest of the year.That's not to say they will not cut rates -- the Fed overall sees at least one more rate cut this year -- but the group's stance caused some dovish investors to recoil initially. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars Have no fear, though. While Powell said he doesn't anticipate negative interest rates, such as in the European Union, he also said the Fed may have to raise its balance sheet sooner than expected. Further, the Fed will only stop taking accommodating action once it is warranted.If anything, it was a reassuring meeting where equity investors got the rate cut they wanted and heard the Fed has their back. Powell called it an "insurance" move, and that's exactly what it was. Roku WreckedDespite the accommodating stance of the Fed, Roku (NASDAQ:ROKU) was smashed on the day. Shares had already declined notably from its highs near $176, but they were holding up pretty well between $140 and $150 as the 20-day moving average was buoying the stock.That is, until today.Despite Guggenheim analysts maintaining their "buy" rating and moving their price target from $119 to $170, the stock plunged more than 14% at one point. The stock came within this close of hitting its 50-day moving average on the decline.From a trading perspective, it's got some investors wondering if ROKU will test and hold this mark, or if it will knife right through it like so many other red-hot tech stocks did earlier this month.In any regard, the decline comes as both Facebook (NASDAQ:FB) and Comcast (NASDAQ:CMCSA) announce over-the-top products and platforms. Increasing competition, especially from these juggernauts, dealt a blow to Roku today. Let's see where it ends up finding support. Movers in the Stock Market TodayAdobe Systems (NASDAQ:ADBE) initially took a tumble after reporting earnings. The company beat on earnings and revenue expectations, but provided lower-than-expected guidance for next quarter. As such, shares sank 1.8% on the day.(Here's how to trade Adobe stock now, by the way).Shares of FedEx (NYSE:FDX) were creamed on Wednesday and deservedly so. Revenue was flat year-over-year and in line with expectations, while earnings missed analysts' expectations. Worse, the company cut its full-year revenue and earnings outlook, with the midpoint of the latter coming in roughly 16% below consensus estimates. Shares fell almost 13% and hover just above its 52-week lows. The result is also ushering in a slew of Wall Street downgrades.Chewy (NYSE:CHWY) fell 6.2% after the company reported earnings. Revenue grew 43% year-over-year and topped expectations, while earnings missed estimates. However, margins expanded and EBITDA topped estimates. Let's see how this recent IPO does in the coming days and weeks.General Mills (NYSE:GIS) slipped 0.9% after beating earnings and missing on revenue expectations. Management reaffirmed its full-year outlook and while the quarter wasn't great, it wasn't terrible either. With that 3.6% yield and the Fed cutting interest rates again, it may be enough to keep investors going to GIS.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post Stock Market Today: Federal Reserve Cuts Rates; Roku Tumbles appeared first on InvestorPlace.
A trio of earnings announcements set the tone at the top of Wednesday's PreMarket Prep show. After the close on Tuesday, FedEx Corporation (NYSE: FDX) disappointed the Street with a third-quarter miss along lower guidance for 2020 EPS and sales. The next issue on the hit parade was Chewy Inc (NYSE: CHWY).
Buckingham Capital Management was launched back in 1985 by David Keidan. Mr. Keidan is the fund’s President and Chief Investment Officer, and also a Trustee at Montefiore Health System Inc. He holds MBA from Harvard Business School, and prior to founding Buckingham Capital Management he gained vast experience in research, trading and asset management. He […]
It has been a quiet week, but stocks were on the move Wednesday after the Fed announced it would cut interest rates by 25 basis points. Let's look at a few top stock trades going forward. Top Stock Trades for Tomorrow 1: RokuRoku (NASDAQ:ROKU) was by far the top focus on Wednesday, with shares falling more than 14% at one point. The fall comes despite the stock consolidating at its 20-day moving average and receiving a nice price target increase on the day. However, both Facebook (NASDAQ:FB) and Comcast (NASDAQ:CMCSA) announced over-the-top streaming products for its customers.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt seems like investors were just looking for an excuse to sell Roku. After all though, shares ran from ~$100 pre-earnings to more than $175 a month later. As if a 75% rally in one month weren't absurd enough, shares were up almost four-fold from the December lows before that rally. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars So what now?Shares puked right down into the 50-day moving average. Is it still enough to unwind that overbought condition? We won't know until ROKU puts in a few more sessions. Right now, it certainly looks like more losses could be on the way.Perhaps not in the next day or two, but looking forward to the intermediate term. That said, we don't have a crystal ball and we need to keep watch day by day.At $120, Roku stock would be back to its gap-up post-earnings open and at the 38.2% retracement. Should we get a Q4 swoon where the market is hit hard, one could see a scenario where Roku is back down into the $100 to $110 level.A reversal could change the tune for Roku, with bulls back in control if shares reclaim the 23.6% and the 20-day moving average. Let's start with the 50-day and see how Roku does from there. Top Stock Trades for Tomorrow 2: Adobe SystemsAdobe Systems (NASDAQ:ADBE) fell after reporting earnings, but held a very key spot. Support came into play from the 200-day moving average and uptrend support (blue line).I would love to see ADBE stock reclaim the key $277 level, as well as the 20-day moving average. In this event, look for a possible rally up to the 50-day moving average.Below Wednesday's low is cause for concern for longs. Top Stock Trades for Tomorrow 3: Beyond MeatBeyond Meat (NYSE:BYND) is on the move lower after Tim Horton's will reportedly pull BYND's products from most of its locations.So far though, BYND remains mostly range-bound. Below uptrend support near $145, and range support at $140 is on the table. Below that mark certainly raises a red flag for bulls, but if it holds, a rebound could be in store.Should support hold or should Beyond not even fall to that point, look for a possible rally to range resistance near $170 and the 50-day moving average, currently near $168. Top Stock Trades for Tomorrow 4: Bristol-Myers SquibbAfter hitting a low point in July, Bristol-Myers Squibb (NYSE:BMY) stock has been slowly but surely making its way higher. Remember it's in the midst of acquiring Celgene (NYSE:CELG) too.In any regard, look to see if we can get a move over $50. If so, it puts a run up to $53 on the table. * 7 Momentum Stocks to Buy On the Dip On the downside, I want to see prior short-term resistance near $48 act as support. Below uptrend support and/or the 20-day moving average, and BMY may need more time to setup.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long CELG. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post 4 Top Stock Trades for Thursday: ROKU, ADBE, BYND appeared first on InvestorPlace.
Streaming video stocks came under pressure Wednesday, led by a double-digit percentage loss in shares of Roku Inc (NASDAQ: ROKU ). The catalyst some investors are citing is Facebook, Inc. (NASDAQ: FB ...
Roku Inc.’s massive 2019 rally took a dent on Wednesday after a longtime media giant made a move that undercuts the makers of streaming-media players.
The case for turning incrementally positive on streaming video hardware and software company Roku Inc (NASDAQ: ROKU ) is based on its industry-leading platform and an attractive international growth opportunity, ...
Roku Inc. shares are off 8% in Wednesday trading after the company got some new competition in streaming video. Comcast Corp. announced that it would be giving internet-only customers a free Xfinity Flex device, which lets them watch their streaming services on a TV set. Also on Wednesday, Facebook Inc. announced its $149 Portal TV device, which supports video calls that get streamed to a TV set and also allows users to watch various programs. Roku shares have gained 356% so far this year, while the S&P 500 has risen 20%.
Facebook, Inc. (NASDAQ: FB ) is preparing to launch Portal TV, a clip-on camera accessory for video calling, AR gaming and content co-watching. The news sent Roku Inc (NASDAQ: ROKU ) shares lower. Roku ...
Roku, Inc. (ROKU) today released a 2019 Cord Cutting study that predicts approximately 60 million TV households are expected to access video on their TV exclusively through streaming within the next five years. If this happens, for the first time, streamers will surpass traditional Pay TV viewers. Overall U.S. market data suggests two million Americans have ‘cut the cord’ so far in 2019, moving from traditional Pay TV (cable or satellite television subscriptions).