|Bid||0.00 x 21500|
|Ask||0.00 x 900|
|Day's Range||31.51 - 32.16|
|52 Week Range||26.80 - 34.37|
|Beta (3Y Monthly)||0.81|
|PE Ratio (TTM)||12.10|
|Earnings Date||Jul 24, 2019|
|Forward Dividend & Yield||2.04 (6.35%)|
|1y Target Est||33.70|
Embattled industrial giant Boeing takes center stage Wednesday morning, while social media company Facebook and electric automaker Tesla grab investors' attention after the closing bell.
Last quarter, Boeing Co., Facebook Inc. and Tesla Inc. played “Hold my beer” amid controversies; three months later, it is time for an update as they work through their issues.
The stock market really hasn't had much "oomph" lately, and Tuesday's quiet session was another example of just that. However, stocks perked up quite a bit on news that U.S. trade officials would head to China this weekend to work on the trade deal. Let's see if that gives us any momentum as we delve through a few top stock trades. Top Stock Trades for Tomorrow 1: Lockheed Martin Click to EnlargeShares of Lockheed Martin (NYSE:LMT) are struggling for direction despite delivering an earnings and revenue beat, and raising its full-year guidance.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhile the stock searches for direction, investors have an ideal setup. * 7 Stocks to Buy This Summer Earnings Season Shares tested and held the 50-day moving average. For those that go long, they can use a stop at Tuesday's lows. On the upside, look to see if LMT can push through the 20-day. If it can, a test of $370 is on the table.North of $370 and new highs are possible. Top Stock Trades for Tomorrow 2: Coca-Cola Click to EnlargeSpeaking of new highs, Coca-Cola (NYSE:KO) is hitting them after the company beat on earnings and revenue expectations.The stock is hitting channel resistance as we speak, but may continue to grind higher if investors keep bidding up the stock. A slight pullback would be welcomed in KO, allowing channel resistance to continue higher and give the stock more room to run.This name is a buy-on-dips candidate. A decline down to the $52 to $52.50 area -- which was prior resistance -- would be the first buy-the-dip spot. The second would be $49.50, but who knows when we'll see that price again. Top Stock Trades for Tomorrow 3: General Electric Click to EnlargeGeneral Electric (NYSE:GE) is moving nicely on Tuesday, up almost 4.5%. The company doesn't report earnings until next week, but this one has been trading well for a while now.GE has been mostly rangebound between $9 support and $10.50 resistance. Pushing through the latter now, the first upside target is the double-top from June and July at $10.70. Above it opens the door to target No. 2, all the way up at $11.27.To get there, it will have to push through the 38.2% one-year retracement at $11.06. Can GE stock get out of its rut? Top Stock Trades for Tomorrow 4: AT&T Click to EnlargeAT&T (NYSE:T) has been hammered over the past few sessions. At its lows near $31.50 on Tuesday, shares were down almost 7.5% from its highs made just a few weeks ago.The seemingly done deal between T-Mobile US (NASDAQ:TMUS) and Sprint (NYSE:S) weighed on Verizon (NYSE:VZ) and AT&T on Monday. However, T is likely under continued weakness ahead of earnings on Wednesday before the open.The stock has not performed well over the past few quarters when reporting earnings and this quarter may be no different.On a positive reaction, let's see if AT&T stock can rally back to its highs near $34. If it can, that will bring it back to channel resistance and keep the rally intact. On a decline, let's see that channel support buoys the name near $31. That's provided Tuesday's lows don't prop it up.If support gives way, T stock will break below channel support and will call on the 50-week moving average as hopeful support near $30.50. $30 buoyed the name last time T stock reported earnings. I would be a buyer on a dip down to $30 or to the 50-week moving average. Here's why. Top Stock Trades for Tomorrow 5: United Technologies Click to EnlargeLike LMT, United Technologies (NYSE:UTX) gave investors a top- and bottom-line beat and bumped its full-year guidance. Shares are up just 1.5% on the day, but also like LMT, the trade setup is well-defined.Below $130 and UTX stock becomes concerning. That means it will have lost its 20-day and 50-day moving averages, as well as uptrend support (blue line). Just below at $127.62 is the 38.2% retracement, while the 200-day moving average is near $125.50. * 10 Stocks to Buy From This Superstar Fund Put simply, there's a ton of support below UTX. On the upside, $136 is resistance. Over this level could put $142+ on the table.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long T. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy From This Superstar Fund * 7 Stocks to Buy This Summer Earnings Season * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post 5 Top Stock Trades for Wednesday: LMT, GE, KO, T appeared first on InvestorPlace.
AT&T; is upgrading its wireless network after buying Time Warner. AT&T; earnings are stalling and shares are far off highs. Is AT&T; stock a buy right now?
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains dives into Netflix's (NFLX) recent Q2 earnings report. The episode then transitions into why Amazon (AMZN) and Disney (DIS) could be real challengers...
A federal judge won’t let AT&T; avoid a case that’s getting attention in the cryptocurrency arena. AT&T; says it's pleased most of the claims were dismissed.
After Roku (NASDAQ: ROKU) disclosed in an SEC filing that it would sell up to 1 million shares of ROKU stock, the market bid the shares higher. Investors interpreted the company's decision to raise cash as a positive development because Roku will have more capital with which to grow.DO NOT USERoku may very well become the next big technology and media titan. And with its low stock float, this independent streaming firm could eventually become a takeover target. After Roku stock price jumped in recent weeks, what should investors expect from Roku stock going forward?InvestorPlace - Stock Market News, Stock Advice & Trading Tips Roku Is a Potential Takeover TargetRoku is the last of the independent streaming services. After Disney (NYSE: DIS) bought Hulu from its co-owner, AT&T(NYSE: T), another telecom or studio giant may want to buy Roku. Such companies may be interested in buying ROKU because of the rapid growth of its user base. * 10 Stocks to Buy From This Superstar Fund In the first quarter, Roku had around 30 million ad-supported and paid subscribers. That's five times smaller than Netflix's (NASDAQ: NFLX) 150 million subscribers. But Netflix reported subscription growth of just 2.7 million, compared to the 5 million expected, so investors may look elsewhere for user growth. Amazon.com's Prime Day Is a Positive Catalyst for Roku StockWhen Amazon.com (NASDAQ: AMZN) slashed prices of a 32" LED Roku TV to just $99, Walmart (NYSE: WMT) followed suit with deals on 55" 4K TVs . The affordable 32" TVs and Roku sticks that are selling for just $24 will lift Roku's viewership. At these low prices, consumers are more likely to own several Roku devices. Given how widespread the company's devices have become, marketers will definitely benefit from buying ads on Roku.It's very easy to use Roku's devices to launch other streaming services such as Hulu, Prime Video and Netflix. As a result, Roku's devices may become consumers' favorite means of centralizing the home theater experience. Additionally, the company's ad displays are not obtrusive. By keeping isers' experience clean and simple, Roku offers the best of both worlds: friendly advertising and a subscription option. Roku's Growth OpportunitiesThe Roku Channel provides Roku with a tremendous growth opportunity. Roku Channel has over 30 partners, including AT&T's (NYSE:T) HBO. And in the last 18 - 24 months, Roku has added plenty of content to get its audience more engaged. Less than two years old, the Roku Channel is already a top-five channel as measured by reach. At that pace of growth, expect Roku's core content to attract even more viewers in the months and years ahead.Roku has international growth ambitions, too. It thinks it can eventually penetrate 1 billion broadband households. As higher brand awareness and affordability entice TV owners to buy Roku-enabled TVs, its user base will continue to increase.By achieving break-even EBITDA sooner than expected, the company can provide ROKU stock with a positive catalyst. To get there, Roku is focused first on becoming the top smart-TV operating system. Advertising and subscription will drive its revenues. Investors should be confident that Roku will maintain its lead as the top streaming platform. Google's Android TV shipped well before Roku, but its market share is well below Roku's. Even though streaming device suppliers will try to dethrone Roku, the company will keep its lead. It will do so by offering the best system. Advertising to Boost ROKU StockEach year, $70 billion is spent on TV ads. And the majority of Roku's revenue comes from video ad impressions and will only grow. As Roku's audience grows, more marketers will buy ads on its platform. Since viewership is moving from cable and over-the-air TV to platforms like Roku, expect Roku stock to be boosted by sustained ad revenue growth. The Valuation of Roku Stock and the Bottom Line on ROKURoku could continue growing its revenue by 50% or more annually. Conservatively assuming its revenue rises just 25% annually, a 5-year DCF Revenue Exit model suggests the stock is roughly fairly valued. Conversely, Roku stock is trading above analysts' average price target of $89.Roku stock may trade at stretched valuations, and ROKU is vulnerable to profit-taking after its huge gains. But when the company reports its results in August, strong subscription growth will send the stock higher. That will squeeze out those shorting Roku stock, forcing them to finally close their short positions which currently account for 10% of the total float.As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy From This Superstar Fund * 7 Stocks to Buy This Summer Earnings Season * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post Why Roku Stock May Surge Sky-High appeared first on InvestorPlace.
It's hard to imagine life without a telephone, right? Well, do you know how it actually came about? Watch the video to take a trip down AT&T's timeline.
AT&T; will likely report its second-quarter results for before the market bell on Wednesday. AT&T will likely report an adjusted EPS of $0.89.
When I was a child CBS (NYSE:CBS) was a huge deal. Ratings of 30 were common.On Sunday CBS' evening line-up scored an average rating of 3.1. The re-boot of the CBS Evening News, once "must see" TV with Walter Cronkite, drew just 5.6 million viewers.This was only partly due to a contract dispute with AT&T (NYSE:T), which pulled its programs from cable systems in select cities and from DirecTv. A CBS website was erected to protest the change.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCBS is talking about merging back with Viacom (NASDAQ:VIAB), but even that would create a minnow in the new entertainment universe. That combined $30 billion market cap would be competing with ABC-parent Walt Disney (NYSE:DIS), now worth $254 billion, and NBC-parent Comcast (NASDAQ:CMCSA), worth $199 billion. Let's not even discuss Cloud Czars like Alphabet's (NASDAQ:GOOGL, NASDAQ:GOOG) YouTube and Amazon (NASDAQ:AMZN) Prime controlling the new world. * 10 Stocks to Buy From This Superstar Fund The bottom line is, if you bought CBS shares five years ago, you're down 14%, and have collected $2.16 per share in dividends on a $60 investment. Bad Days at Black RockCBS has been hampered by the slow demise of Sumner Redstone, whose National Amusements has control of both CBS and Viacom. Redstone's daughter Shari has control of the stake now, and wants to put the companies back together, under Viacom CEO Bob Bakish.The prime asset would be "Star Trek," originally an NBC show that debuted in 1966. CBS is teasing a new show called "Star Trek: Picard," starring 79-year old Sir Patrick Stewart and members of the original "Star Trek: Next Generation" cast.But bringing CBS back may be "Mission Impossible" (which they also own). Combining the CBS All Access streaming service with Viacom's Showtime still gets you to just 8 million households. Netflix (NASDAQ:NFLX) has over 151 million (and a market cap of $135 billion).The hope is that Viacom's Paramount studio would bring content that increases the take-up of All Access. Much depends on Bakish, who bought Pluto TV, an ad-based streaming service, for $340 million. He also bought a stake in Jeffrey Katzenberg's Quibi and pushed Viacom into e-Sports. Maybe, given a bigger war chest, Bakish could buy Starz or Univision. Maybe he could merge the combined entity with Discovery (NASDAQ:DISCA), which has a market cap of $15 billion (for now, CBS is competing against Discovery with a new network called Dabl). CBS No AccessThe dispute with AT&T highlights the company's weakness.Cable operators still pay broadcasters for the right to put local stations on their networks. CBS claims AT&T is offering less than other operators for its content, which includes news, sports, and the Smithsonian channel.AT&T accuses CBS of being a repeat "blackout offender," pulling its content from DISH (NASDAQ:DISH) and Charter (NASDAQ:CHTR) Spectrum to get better terms. They also don't like CBS pushing viewers toward its All Access streaming service, which competes with AT&T's HBO Max. The Bottom Line on CBS StockThe rise of Netflix has changed the entertainment game and no one, especially not CBS, has yet adjusted.Streaming makes all a service's shows and movies available 24 hours per day, seven days a week. The issue isn't the money it costs, but the time people are willing to spend watching it all.Cutting cable, which saves upwards of $150-$200 per month at some households, leaves a huge pot of gold for streaming services, but it doesn't add time to the TV-watching budget. Whether a service costs $10 a month, like CBS All Access without commercials, or whether it's free like Pluto TV, matters less than if people have time to watch.Services like CBS All Access, HBO Max, and Disney's Disney+ are paying out big bucks to build "must see" lineups, but they can't all get through the small door of viewer attention. There are going to be casualties. CBS and Viacom could easily be one of them.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy From This Superstar Fund * 7 Stocks to Buy This Summer Earnings Season * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post CBS Stock: Broadcasting Circling the Drain appeared first on InvestorPlace.
Over the past several months, I have discussed the importance of various 5G stocks to buy. Of course, such a notion is nothing new. This latest telecom innovation represents a paradigm shift within the industry. Major players and even government bodies have pushed for 5G integration. But to truly understand the phenomenon behind 5G stocks, we should look back in time to the 4G upgrade.It may seem like a lifetime ago. But nine years ago, the first 4G handset hit U.S. retail stores. Back then, we witnessed the same challenges that we must address today; namely, the lack of viable networks.However, the massive increase in data transmission speeds made efforts to overcome the challenges worthwhile. For instance, some early 4G networks download speeds of 100Mbps, substantially greater than an average 3G download speed of 2Mbps. That's the allure of 5G stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMoreover, think about the amazing technologies that either sprouted or were improved via 4G's introduction. For example, we take for granted today that we can hail a ride through Uber (NYSE:UBER) or Lyft (NASDAQ:LYFT). But the viability of this platform was really only possible through the 4G network. The same can be said about mobile streaming on services such as Netflix (NASDAQ:NFLX). * 10 Stocks to Buy From This Superstar Fund In other words, 5G doesn't just offer an industry from which to pick stocks to buy. Instead, this technology enables other technologies to flourish. It's a force-multiplier, one that comes around only once every several years.With that, here are my seven picks for 5G stocks to buy: AT&T (T)Source: Shutterstock AT&T (NYSE:T) is a name that almost everyone is familiar with. However, it doesn't get much love as a candidate for stocks to buy. Even though T stock represents an iconic brand, the underlying company has unprecedented debt levels from expensive acquisitions.Even worse, those acquisitions apparently aren't gaining satisfactory traction. Of course, I'm referring to the $85 billion Time Warner acquisition. Initially, AT&T bought the company on hopes of original content strength and streaming revenue opportunities. However, fears of AT&T cannibalizing itself has put off some investors from T stock.But with all due respect, I think this perspective is shortsighted. I believe AT&T is one of the best 5G stocks to buy. With the coming network rollout, it's not just about technological prowess; instead, the rollout will require massive resources and wide-ranging telecom assets.Few names have the capacity to integrate 5G competently. Although it has some big issues, T stock is one of those players. Qualcomm (QCOM)Under almost any other circumstance, Qualcomm (NASDAQ:QCOM) would easily qualify as one of the best 5G stocks to buy. Thanks to its next-generation chips, Qualcomm has an early head start on this transformative telecom innovation. That right there is a good enough reason to seriously consider QCOM stock.However, legal troubles with Apple (NASDAQ:AAPL) have cast a dark cloud over QCOM stock. For years, Apple alleges, Qualcomm illegally benefited from a double-dipping licensing scheme. Typically, semiconductor firms sell licenses of their core technologies. But Qualcomm charges royalties on top of innovations that are only loosely associated with the initial license.Granted, this is a nasty issue, and one that has made QCOM stock quite choppy over the past few years. Nevertheless, I believe the turbulence will give way to steady longer-term gains. I say this because Qualcomm is too critical for broader American interests. * 7 Defense Stocks to Buy to Fortify Your Portfolio As I have argued in the past, tech firms have ceased to exist in a vacuum. Instead, we're in a tech cold war for future digital dominance. Therefore, I believe the future is bright for QCOM stock because, well, it has to be. Micron (MU)Source: Shutterstock Speaking of vacuums, the 5G industry itself doesn't ply its trade in isolation. Instead, you see natural synergies and partnerships to help make the most of the tech in the shortest time possible. That's why on your shopping list of 5G stocks to buy, you shouldn't overlook Micron Technology (NASDAQ:MU) and MU stock.Earlier this year, Micron and Qualcomm announced a partnership to develop 5G-enabled autonomous driving platforms. This is a great example about the far-reaching impact of 5G technologies. With exponentially faster transmission speeds, autonomous vehicles can more quickly transition from concept to reality. Additionally, 5G speeds should make such AVs safer as they can react to dynamic conditions or dangers.Another plus for MU stock is the geopolitical environment. Micron of all companies on my list of stocks to buy recognizes the economic threat that is China. After suffering sometimes brazen acts of corporate espionage, Micron realizes that American tech firms haven't played on equal ground with the Asian juggernaut.But thanks to the no-nonsense Trump administration, MU stock has some executive support. Moving forward, I like that measure of confidence. Nvidia (NVDA)Source: Shutterstock If you're a hardcore gamer, you typically associate Nvidia (NASDAQ:NVDA) with its gaming-centric graphics processors. However, the semiconductor firm has evolved into a comprehensive tech umbrella, providing solutions with data science, artificial intelligence, and deep learning. But what does this have to do with 5G stocks to buy?Simply, we're moving to a point now where no tech innovation occurs in isolation. Prior to 4G, most computerized solutions focused on data analytics and big data. But with 4G's data-transmission speed upgrade, engineers were able to realize multiple AI applications, such as AVs and other automated platforms. Since Nvidia leads in these innovations, NVDA stock provides attractive exposure. * 10 Tech Stocks That Are Still Worth Your Time (And Money) But with 5G, several industries are looking to take the next step in automation. In many cases, this means that companies are looking to replace human operators with AI-driven systems. Of course, such a notion is further out on the horizon. Still, I'd keep NVDA stock on my must-watch list, especially since shares are currently deflated relative to their all-time highs. Xilinx (XLNX)It's a theme that consistently runs throughout 5G stocks: no one player owns the entire 5G supply chain. Thus, part of the problem regarding the next-gen telecom rollout is the broader lack of equipment upgrades. Simply put, 5G requires multiple components, from the network down to the chips used to facilitate data transmissions.While it might not be a household name, 5G investors should check out Xilinx (NASDAQ:XLNX) and XLNX stock. For one thing, the company recently introduced a groundbreaking chipset that covers the entire sub-6 GHz spectrum. This is essentially the radio frequency that makes 5G possible.Second, several 5G players already use Xilinx chips. That number will surely rise as the rollout deepens. Furthermore, Xilinx will likely pick up additional clients, making XLNX stock an attractive proposition.Finally, Xilinx offers critical solutions in growing and lucrative markets such as AI and data centers. Thus, no matter what happens with 5G, XLNX stock will likely benefit from robust demand. Ericsson (ERIC)Without any historical context, 5G investors would probably peg Ericsson (NASDAQ:ERIC) as one of their top stocks to buy. After all, Ericsson provides the communications equipment that makes the 5G rollout practically accessible. Therefore, ERIC stock is an easy buy.Of course, Ericsson's long-term price chart tells a different tale. During the tech bubble of the late 1990s to early 2000s, ERIC stock was a legitimate three-digit security. As we all know, the bursting of that bubble deflated virtually all tech players.Later, ERIC stock peaked around the $20 level before collapsing during the last major housing crisis and the Great Recession. With shares currently trading hands at under $10, I can understand the hesitation regarding holding the bag. * 7 Retail Stocks to Buy for the Second Half of 2019 However, Ericsson does have a major geopolitical tailwind in the form of the U.S.-China trade war. With Huawei at least temporarily out of the picture, Ericsson has an opportunity to take advantage. This is one of the riskier propositions among 5G stocks to buy. But if you can stomach it, ERIC stock offers an intriguing opportunity. Semtech (SMTC)Analog and mixed-signal semiconductor supplier Semtech (NASDAQ:SMTC) offers natural exposure to 5G, along with other lucrative segments like the Internet of Things, data centers, and mobility. That said, SMTC stock has seen better days. Shares enjoyed a solid start to the year before negative earnings revisions for the year attracted volatility.However, I believe the nearer-term volatility in SMTC stock is just a blip on the radar. For one thing, Semtech features very stable financials. It has a relatively small debt load relative to its cash holdings. Moreover, Semtech has delivered consistently positive earnings, leading to an equally consistent free cash flow. Thus, the company can respond to fresh opportunities without worrying about the financial impact.Second, the 5G network is bound to grow in both scope and complexity. Not only are individual companies racing for an edge, so too are countries. Such dynamics provide a pathway to profitability for SMTC stock, making the nearer-term noise just that: noise.As of this writing, Josh Enomoto is long T stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 7 5G Stocks to Connect Your Portfolio To appeared first on InvestorPlace.
AT&T Inc. (NYSE: T) and Verizon Communications Inc. (NYSE: VZ). VZ and T are the two largest wireless carriers in the U.S. by subscribers. T is scheduled to report Q2 earnings before the market open July 24, and competitor VZ is scheduled to report Q2 earnings before the market opens on Aug. 1.
Virtual pay TV services like YouTube TV and Sling are becoming increasingly important players in the pay TV industry as more consumers cut the cord with traditional providers.
U.S. stock futures are off to a strong start this morning Ahead of the bell, futures on the Dow Jones Industrial Average are up 0.39%, and S&P 500 futures are higher by 0.37%. Nasdaq-100 futures have added 0.43%.Source: Shutterstock In the options pits, overall volume slumped on Monday with calls outpacing puts by their usual margin. Specifically, about 16.1 million calls and 13.7 million puts changed hands on the day.The action over at the CBOE bucked the sleepy trend, however, with a big ramp in the single-session equity put/call volume ratio. The metric jumped to a six-week high at 0.71. Meanwhile, the 10-day moving average held its ground at 0.60.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOptions trading was amped up in the following names: AT&T (NYSE:T), Beyond Meat (NASDAQ:BYND) and Halliburton (NYSE:HAL).Let's take a closer look: AT&T (T)Traders are in a selling mood ahead of tomorrow morning's earnings release from AT&T. Yesterday's 2% beatdown marked the fifth straight down day and was bad enough to push T stock below the 50-day moving average. But the selling wasn't isolated to AT&T only. Verizon (NYSE:VZ) also fell on the session. * 10 Stocks to Buy From This Superstar Fund The past three sessions saw above-average volume suggesting institutions were leaning on the sell button. Distribution days like these act as warning signs for would-be buyers assessing price action before piling in. Couple the damage with a looming earnings report and I see little reason to jump in AT&T ahead of the number.On the options trading front, traders heavily favored puts. Total activity climbed to 288% of the average daily volume, with 330,713 contracts traded; 62% of the trading came from put options.Implied volatility rallied to 24% or the 37th percentile of its one-year range. Premiums are baking in a $1.23 move or 3.8% into earnings. Beyond Meat (BYND)The power of plant-based meat was on full display Monday with BYND stock rocketing 10% higher. And the party is continuing premarket with the shares up another 5% to $203.40. If the gains hold, BYND will open at a record high bringing big-league profits to shareholders and a new level of pain to short sellers.With Beyond Meat shares having tacked on an additional 56% in gains after gapping higher on June's earnings release, expectations are flying high into next Monday's quarterly report.As with all stocks flirting with the stratosphere, there's not really much negative to report on the price action front. The trend is robust and volume patterns heavily favor buyers.Options trading saw heavy call demand on the session with total activity climbing to 243% of the average daily volume, with 263,096 contracts traded. Calls accounted for 67% of the day's take. Halliburton (HAL)Halliburton earnings delivered a much-needed boost to the energy sector. The oil services giant earned 35 cents per share on $5.93 billion in revenue. Although the top-line number marked a slight decline compared to year-ago revenues of $6.15 billion, buyers still found enough to celebrate. Keep in mind, the stock has dropped around 50% since last year, so we're at a spot where the stock can rally on results being less bad than expected.HAL stock was up 9.1% by the closing bell on heavy volume. The rally pushed HAL back above is 50-day moving average. If it can clear resistance at $24, then a run back toward $30 and the 200-day moving average over the coming weeks could be in the cards. * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk With the long-term trend still pointing lower, bullish plays should be kept on a tight leash, however.On the options trading front, traders came after calls throughout the session. Activity ramped to 220% of the average daily volume, with 72,117 total contracts traded. Calls claimed 58% of the tally.With the uncertainty of earnings now in the rearview mirror, implied volatility plunged to 34%. That lands it at the 31st percentile of its one-year range. Premiums are now pricing in daily moves of 51 cents.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. 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 * 10 Stocks to Buy From This Superstar Fund * 7 Stocks to Buy This Summer Earnings Season * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post Tuesday's Vital Data: AT&T, Beyond Meat and Halliburton appeared first on InvestorPlace.
As approval for T-Mobile US Inc.’s deal with Sprint Corp. looms over the wireless industry, fellow carrier AT&T Inc. will show of the impact of its own mega-deal when the company reports second-quarter results next Wednesday after the closing bell.
With AT&T (NYSE:T) set to report its earnings on Wednesday morning, the results are very unlikely to boost AT&T stock. Nor, for that matter, should anyone expect the shares to jump meaningfully before mid-2020, at the earliest, Until that time, with AT&T stock facing multiple problems and lacking any significant, positive catalysts, investors should sell T stock.Source: Shutterstock For one, a dividend cut is certainly possible. With T stock's dividend yield topping 6% and AT&T owing a staggering total of nearly $196.5 billion as of the end of the first quarter, no one should be surprised if the company cuts its payout. Those who are bullish on T stock may note that the company's trailing-12-month operating cash flow was nearly $46 billion, but the company only had $6.6 billion of cash at the end of Q1, making its overall debt load rather heavy. The report that AT&T is looking to sell its Puerto Rico business indicates that it knows it badly needs cash.While cutting the dividend would provide the company with a meaningful amount of cash, it would also cause T stock to sink because the dividend haircut would make the shares less lucrative and greatly undermine confidence in AT&T stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Streaming Won't Rescue AT&T StockAT&T's upcoming streaming service -- HBO Max -- will feature programming from Warner Media (primarily TBS, TNT, HBO, and CNN) and movies, along with some original content. The online video service, slated to launch sometime next year, is expected to cost a lot more than the $13 per month that Netflix (NASDAQ:NFLX) charges for its most popular plan. * 7 Stocks Top Investors Are Buying Now Judging by the recent financial performance of its two main components -- HBO and the Turner legacy channels -- the appeal of HBO Max's primary content is declining. Mott Capital Management, writing on Seeking Alpha, noted HBO's Q1 top line dropped to $1.51 billion versus $1.62 billion in the year-earlier period, while Turner's revenue inched down to $3.44 billion from $3.45 billion. Ominously for AT&T stock, HBO's operating revenue reached its lowest level since Q2 of 2017.And from a common sense standpoint, it's hard to see how consumers will be convinced to pay more than Netflix is charging for Turner's reruns of worn-out sitcoms like Big Bang Theory, and American Dad, along with HBO, whose popularity is slipping, and CNN, by far the least-popular cable news channel. I know that Friends is the most popular show on Netflix, but I don't think many consumers are going to pay $15+ per month to watch the 20+-year-old Ross-Rachel saga. Only if HBO Max manages to develop a few new hit shows does the channel have any chance of moving the needle in a positive direction for AT&T stock by 2025, And, with all the competition out there, I wouldn't bet on that. Content Spending and Premium TV Results Are Worth WatchingOriginal content is not cheap, and the AT&T's investments in that area could spook investors, causing T stock to sink in the wake of the company's Q1 results. Another trend that may scare the market is continued, steep declines in the company's premium TV subscriber base. Premium video connections -i.e., consumers who are paying it for satellite and cable connections -- sank nearly 6.5% YoY to 22.4 million in Q1, Mott Capital's Michael Kramer noted. If that trend accelerated in Q2, T stock could take a big hit on Wednesday, and a dividend cut could happen sooner rather than later. * 10 Tech Stocks That Are Still Worth Your Time (And Money) 5G Could Rescue AT&T Stock Down the RoadAT&T could use 5G, which will enable a variety of cool location-based services, as well as much faster downloads, to attract more wireless subscribers from smaller carriers. It could also use the technology to steal broadband internet subscribers from cable companies like Comcast (NYSE:CMCSA) and Charter (NASDAQ:CHTR). Finally, if AT&T can use 5G to provide more services to its subscribers, it could potentially squeeze much more revenue from them. Taken together, all of these attributes of 5G could meaningfully boost AT&T top and bottom lines, providing a much needed positive catalyst for T stock.But the company's 5G network isn't expected to roll out nationwide until early next year, and it will likely take the company time to market any new offerings that arise from it. So, for at least a year, 5G investments will weigh on T stock without producing any meaningful revenue for the company. Bottom Line on AT&T StockAT&T stock is facing multiple, negative catalysts, including steep pay TV subscriber and revenue losses, as well as high levels of investment in its streaming channel and in 5G. Moreover, its streaming channel probably won't be successful, and there's a good chance that it will cut its dividend. Although T stock could be rescued by 5G down the road, investors should stay away form the name for the foreseeable future.As of this writing, the author did not own any of the stocks named. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Defense Stocks to Buy to Fortify Your Portfolio * 10 High-Flying, Overvalued Stocks in Danger of Crashing * 8 Stocks to Buy That Are Growing Faster Than Amazon The post AT&T Stock Won't Be Saved by Friends, Time Warner Channels appeared first on InvestorPlace.
AT&T is scheduled to report its second-quarter earnings Wednesday morning before the market opens. Investors will want to hear about its efforts to pay down its debt and its planned HBO Max streaming service.
Investing.com – Wall Street jumped on Tuesday after upbeat earnings from blue-chip companies including Coca-Cola (NYSE:KO) and United Technologies (NYSE:UTX).
Netflix (NFLX) hit a rough patch in the second quarter. The company’s number of US subscribers declined for the first time in nearly a decade.
AT&T; became the first major mobile operator to offer a service that automatically blocks unwanted calls. This service has also opened a new revenue stream as the company works to reduce its debt.
AT&T stock (T) was trading at $32.14 with a 2.0% loss for the day. Earlier today, it posted a low of $32.08. Is the stock overvalued right now?