|Bid||135.93 x 900|
|Ask||135.96 x 1000|
|Day's Range||133.95 - 136.90|
|52 Week Range||103.29 - 198.99|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||164.09|
"Any company with any kind of consumer product could potentially end up in their crosshairs, and that's a very dangerous place to be," the "Mad Money" host says.
Spotify's stock is feeling the heat. Late last week, Amazon announced a free, ad-supported version of Amazon Music available through Amazon's Alexa voice assistant. Amazon also sells an $8 per month unlimited subscription that expands the available catalog to 50 million songs.
Vivendi has argued that its Universal Music Group unit is worth more than Spotify. A coming sale could answer that question
This weekend's Barron's cover story features a close look at a popular music streaming service. Other featured articles examine the prospects for a beverage giant, a semiconductor leader and a hot IPO. ...
Some investors believe that the streaming service could become the Netflix of audio. But Apple, Amazon, and the record labels stand in the way.
Spotify’s deal to buy Gimlet Media for a reported $230 million in February certified that prerecorded radio is big business. “It was way higher than I expected,” says Nicholas Quah, who runs the podcast newsletter Hot Pod. While Gimlet has some popular shows, most of its assets are “easily replicable and can be competed against in the open marketplace,” he says.
Amazon today announced the launch of a free, ad-supported music service in the U.S. that will be available to anyone who wants to play free music on their Echo speaker. Amazon Music Unlimited, meanwhile, has 50 million songs. The new service gives Echo owners a way to enjoy free music from Amazon on their Echo, instead of having having to turn to a third-party free provider, like Spotify or Pandora.
Companies seeking to raise interest-free capital from the public mostly take the initial public offering (IPO) route to publicly list their shares on stock exchanges. There are two ways to list the shares—the standard and popular IPO process, and the direct listing process. In most cases, the shares listing process is performed by the company by using the services of intermediaries called underwriters, who facilitate the IPO process and charge a commission for their work.
Sirius XM's (SIRI) first-quarter 2019 results are expected to benefit from its varied content offerings that include music and sports.
Facebook's (FB) first-quarter 2019 results are likely to gain on continued subscriber growth, driven by rapid adoption of Instagram and WhatsApp Stories.
A majority of office workers allowed to listen to music say it makes them feel more productive, according to recent studies. The isolation of headphones comes in direct response to the move by many companies to open floor plans lacking privacy and quiet. Spotify has playlists devoted to productivity and office life which have amassed hundreds of thousands of followers.
From one perspective, Wayfair (NYSE:W) is being treated like most tech stocks. Wayfair stock has a market capitalization of nearly $14 billion despite the fact that Wayfair is unprofitable, even on an adjusted EBITDA basis.Source: Shutterstock From another perspective, however, Wayfair stock price might be considered cheap: its price-sales multiple of two is among the lowest of all 'tech' stocks. * 7 Dental Stocks to Buy That Will Make You Smile The argument over Wayfair stock price, then, seems to come down to whether it truly is a "tech" stock. Certainly, the company's online business model seems to suggest that it is.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut, at the end of the day, there's also an argument that Wayfair is simply a furniture company that sells its products online. If that's the case, then W stock might be significantly overvalued because furniture companies are not getting much credit in this market. The Cyclical Problem Facing W StockOne of the more favorable aspects of many newer tech stocks with high valuations is that their exposure to economic cycles shouldn't be that severe. The revenue of a "software-as-a-service stock" like Salesforce.com (NYSE:CRM), for instance, should stay reasonably steady even as the economy ebbs and flows.A company might cut a few SaaS licenses if it lays off sales staff. But customers of Salesforce.com or Workday (NASDAQ:WDAY) or even the cloud unit of Amazon.com (NASDAQ:AMZN) aren't going to end their contracts in the middle of a recession.Even some consumer plays - think Netflix (NASDAQ:NFLX) or Spotify (NYSE:SPOT) - should be similarly resilient. As Josh Enomoto pointed out late last year, Netflix might even be counter-cyclical; consumers might eliminate their more expensive cable subscriptions, accelerating the shift to Netflix's streaming services.That is clearly not the case with Wayfair. The furniture business in particular is enormously cyclical. So, too, are many of the company's other key categories, like decor and appliances. And the obvious risk facing Wayfair stock is that the U.S. is in the tenth year of an economic expansion. Wayfair's growth has been impressive over that stretch, but what happens when the economy inevitably slows down? Should the Wayfair Stock Price Be This High?The price of Wayfair stock might not seem like a concern right now, particularly as stock markets look poised to re-take their all-time highs. But the fact is that other similar, albeit mostly brick-and-mortar, companies, already are pricing in the risk of a recession.Most furniture retailers and manufacturers trade in the range of 10 times to 12 times their earnings. La-Z-Boy (NYSE:LZB) might be the most expensive of the group; backing out net cash, it trades at about 14 tines its earnings, as does volatile RH (NYSE:RH).Home-decor retailers have been hammered. Bed Bath & Beyond (NASDAQ:BBBY), Tuesday Morning (NASDAQ:TUES), and Pier 1 Imports (NYSE:PIR) all are struggling. Williams-Sonoma (NYSE:WSM) is holding up better, but it still has traded sideways for over three years now.Cyclical fears aren't the only factor holding many of those stocks down. In fact, they likely aren't the biggest factor behind their weakness. Wayfair's impressive top-line growth, and share gains by Amazon and other online retailers, are key reasons why stocks in the furniture-retail sector have struggled. But even growing companies like RH and La-Z-Boy are being valued cheaply.And taking a broader look, most cyclicals - auto manufacturers, boating plays, equipment stocks like Caterpillar (NYSE:CAT) - are being valued as if the end of the cycle is closer than the beginning. A decade into an upcycle, that's not surprising. What is surprising, perhaps, is that W stock doesn't seem to be getting the same treatment. Be Careful Out ThereThe core argument around Wayfair stock really comes down to whether Wayfair's market is viable. Its revenue growth has been impressive,. But those who are bearish on Wayfair stock argue that the company's higher sales simply are being purchased by huge advertising costs and free shipping.The jury's still out on that debate. But the cyclical aspect of the business has to be a concern. When the economy turns, Wayfair likely is going to take a hit. That, in turn, means it has to convince investors of the validity of its business model before that happens.If the market thinks Wayfair will be a dominant retailer for decades to come, Wayfair stock can ride out temporary weakness by the company. If the battle over Wayfair's outlook is still raging, and the economy turns south, however, W stock is going to plummet.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post The One Big Catch With Wayfair Stock appeared first on InvestorPlace.
Before buying a stock, investors need to ask themselves one more important question, Jim Cramer told his Mad Money viewers Monday. Cramer said Amazon's ability to disrupt commerce is unlike that of any other company, and Amazon it takes aim at a sector, those stocks will never trade the same again. down 4.4%, despite the fact Spotify has been a market leader with a beloved product that was thought to protect it from newcomers.
Then this morning we learn that Amazon might be about to rollout a similar service to Spotify's free version. Now I don't know how real this Amazon foray might be. No one ever seems to want to say it but that's Amazon eating at the margins.
Spotify shares were down Monday after Billboard reported that Amazon.com was preparing to launch a free, ad-supported music service.
STOCKHOLM/LONDON (Reuters) - A vibrant start-up scene, which has spawned stars such as Spotify, Skype and Rovio, is inspiring Nordic pension funds to invest more money with local private equity funds. "With Spotify we got a call that maybe there were some shares for sale ... We thought it was a great product so we said let's dig into this and we made an acquisition with our friends at AMF," Bo Selling, Alecta's head of equities, told Reuters. Swedish pension funds Alecta and AMF saw their 2016 investments in Spotify nearly triple in value when it listed in 2018.