|Bid||37.06 x 500|
|Ask||37.20 x 100|
|Day's Range||37.01 - 37.33|
|52 Week Range||32.55 - 42.70|
|PE Ratio (TTM)||17.81|
|Forward Dividend & Yield||2.00 (5.43%)|
|1y Target Est||N/A|
On Thursday, Nomura Instinet downgraded Comcast Corporation (NASDAQ:CMCSA) from a “Buy” to “Neutral” on concerns that its growth was about to hit a major headwind. Namely, Comcast is dealing with a “narrowing runway” that will ultimately prove to be a drag on CMCSA stock, as competitors drive deeper into the company’s core-but-commoditized markets.
Despite my general bullishness towards Oracle Corporation (NYSE:ORCL), the vaunted company has an image problem. In a young industry such as cloud computing, youth, apparently, is paramount. Companies like Amazon.com, Inc. (NASDAQ:AMZN) and Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL) were established in the 1990s.
For the past year, one of my favorite companies to discuss was Micron Technology, Inc. (NASDAQ:MU). For a strong, dominant organization, a correction is a relatively brief blip before its stock surges to its next price target. Ordinarily, I would say the same thing about Micron stock.
Although most of the major telecom stocks lost value last week, the sector was witness to a number of important events.
Now we’ll take a look at Verizon’s (VZ) spending on capex (capital expenditure). In order to improve its network and acquire additional spectrum for future use, the mobile carrier has been investing largely in capex. Wall Street analysts expect Verizon’s spending on capex to reach ~$5.5 billion in 4Q17.
Strong portfolio of wireless spectrums with 4G LTE network, 5G network trials, booming digital media suite and unlimited data plans are likely to drive Verizon's (VZ) prospects.
Wall Street Journal chief economics commentator Greg Ip discusses whether some of the technology giants -- which are leading the pack in the market -- should be worried about possible antitrust action.