T Jun 2020 32.000 put

OPR - OPR Delayed Price. Currency in USD
0.9500
0.0000 (0.00%)
As of 10:51AM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close0.9400
Open0.9900
Bid0.9400
Ask0.9800
Strike32.00
Expire Date2020-06-19
Day's Range0.9900 - 0.9900
Contract RangeN/A
Volume10
Open Interest8.7k
  • TheStreet.com

    Coca-Cola, Weak China Growth, AT&T, GM, Aramco IPO - 5 Things You Must Know

    U.S. stock futures decline Friday after China posts its weakest quarterly economic growth rate in nearly three decades; Coca-Cola, Schlumberger and American Express reports earnings; AT&T; is discussing with Elliott Management issues raised by the activist investor.

  • Reuters

    AT&T, Elliott in talks after activist campaign launched: sources

    AT&T and Elliott Management are talking about issues the activist hedge fund raised last month when it pushed for change at the U.S. telecommunications and media conglomerate, two people familiar with the matter said on Thursday. Elliott is pressing the telecommunications giant to cut costs, make management changes and scale back expansion aspirations in one of its most ambitious investor campaigns to date. The meetings have taken place since shortly after Elliott, one of the world's most powerful activist investors, six weeks ago sent a four-part proposal for changes to AT&T. The fund says the changes could lift the share price by at least 60% by the end of 2021.

  • Greater Fort Lauderdale Alliance celebrates job creation success at annual dinner
    American City Business Journals

    Greater Fort Lauderdale Alliance celebrates job creation success at annual dinner

    The Greater Fort Lauderdale Alliance helped Broward County businesses secure more than $296 million in new capital and create 2,083 high-value jobs during the 2018-19 fiscal year, the agency announced at its annual meeting Thursday. The Alliance, Broward County's Economic Development group, provided guidance and services to approximately 300 businesses during the past year, including Amazon (Nasdaq: AMZN), AT&T (NYSE: T), Decimal Engineering, DNA Labs International, Walgreens, Hayes Locums, ShipMonk and Kellstrom Aerospace Group. Early in the event, Spirit Airlines (Nasdaq: SAVE) CEO Ted Christie announced the airline will build a new 500,000-square-foot headquarters in Dania Beach to house 1,000 current employees and 250 new hires by its completion in 2022.

  • Reuters

    AT&T, Elliott in talks after activist campaign launched - sources

    AT&T and Elliott Management are talking about issues the activist hedge fund raised last month when it pushed for change at the U.S. telecommunications and media conglomerate, two people familiar with the matter said on Thursday. Elliott is pressing the telecommunications giant to cut costs, make management changes and scale back expansion aspirations in one of its most ambitious investor campaigns to date. The meetings have taken place since shortly after Elliott, one of the world's most powerful activist investors, six weeks ago sent a four-part proposal for changes to AT&T. The fund says the changes could lift the share price by at least 60% by the end of 2021.

  • AT&T said to possibly reach agreement with activist Elliott by month's end, report says
    American City Business Journals

    AT&T said to possibly reach agreement with activist Elliott by month's end, report says

    The company has been in talks with the activist investor who is demanding changes, according to a report in The Wall Street Journal.

  • Reuters

    AT&T's Xandr purchases TV advertising company clypd - source

    Clypd, which counts TV networks Discovery and CBS as partners, uses data to enable advertisers to target viewers more precisely by their interests. TV commercials are traditionally purchased with only the capability to target people by age and gender. The deal will also add linear TV ad inventory, or ad space, from clypd's clients to Xandr Community, a product that pools advertising space from AT&T-owned properties that include WarnerMedia and DirecTV, but also third parties like cable networks A+E and AMC, the source said.

  • Reuters

    UPDATE 3-AT&T's Xandr purchases TV advertising company clypd - source

    AT&T Inc's advertising unit Xandr has purchased clypd, an advertising platform that uses data to better target television ads, a source familiar with the matter said, as Xandr seeks to make TV commercials as personally targeted as internet ads. Clypd, which counts TV networks Discovery and CBS as partners, uses data to enable advertisers to target viewers more precisely by their interests. TV commercials are traditionally purchased with only the capability to target people by age and gender.

  • Reuters

    WarnerMedia's HBO Max to stream films of "Spirited Away" producer

    HBO Max, the forthcoming streaming service from AT&T Inc's WarnerMedia, will screen films from Studio Ghibli, the Japanese animation producer behind the Academy Award-winning movie "Spirited Away". This is the first time a streaming provider has obtained rights to Ghibli's films, WarnerMedia said on Thursday. Co-founded by master animator Hayao Miyazaki, the studio is known for its intricate, hand-drawn animation and imaginative coming-of-age story lines that made films like 1988's "My Neighbor Totoro" into an international hit.

  • MarketWatch

    AT&T in talks to resolve activist investor campaign: WSJ

    AT&T Inc. is in talks with Elliott Management Corp. and could reach an agreement as early as this month to resolve Elliott's activist campaign for change, The Wall Street Journal reported late Thursday. Shares ticked up more than 1% in after-hours trading. The Journal reported that the talks have been wide-ranging since Elliott disclosed its stake in the media conglomerate five weeks ago but the discussions may still fall apart. AT&T delayed its quarterly earnings, originally set for next week, in order to give the two sides more time to talk. AT&T is now expected to report earnings Oct. 28. AT&T stock closed up less than 1% to $37.81 Thursday, as the S&P 500 index rose 0.3%.

  • AT&T Stock Falls, Bernstein Initiates Coverage
    Market Realist

    AT&T Stock Falls, Bernstein Initiates Coverage

    Bernstein analyst Peter Supino initiated coverage of AT&T; stock with a “market perform” rating. However, the stock was down yesterday. Here's why.

  • Barrons.com

    5G Wireless Is Coming. But a Payoff for AT&T, Verizon, and Other Telcos Might Not Be.

    5G is the hottest topic in telecommunications. But can carriers actually make any money from it? Moffett Nathanson raises that question in a new report.

  • AT&T, Sinclair land deal to show local stations, sports networks
    American City Business Journals

    AT&T, Sinclair land deal to show local stations, sports networks

    Sinclair Broadcast Group said Thursday it’s agreed to a multi-year agreement across AT&T;’s services that include DirecTV, AT&T; TV and U-verse.

  • New England positioned to play big role in 5G race, U.S. official says
    American City Business Journals

    New England positioned to play big role in 5G race, U.S. official says

    The New England region is expected to play a big role in the race to deploy the fifth generation of wireless networks, also known as 5G, according to a U.S. Department of Commerce official.

  • Czech firm PPF close to deal with AT&T on buying CME: reports
    Reuters

    Czech firm PPF close to deal with AT&T on buying CME: reports

    Investment group PPF, owned by the Czech Republic's richest man Petr Kellner, is close to concluding talks on buying a majority stake in Central European Media Enterprises (CME) from U.S. firm AT&T , Czech and Bulgarian media reported on Thursday. AT&T holds 64% of CME's common stock but effectively controls 75% of the company through preferred shares. CME, which operates TV stations in the Czech Republic, Bulgaria, Romania, Slovakia and Slovenia, has a market capitalization of $1.13 billion, according to Refinitiv data.

  • T-Mobile & Sprint Win FCC Approval for Long-Awaited Merger
    Zacks

    T-Mobile & Sprint Win FCC Approval for Long-Awaited Merger

    T-Mobile (TMUS)-Sprint deal is expected to reduce competition, drive prices and slow innovation, making 5G deployment ineffective.

  • Telecom Stock Roundup: AT&T to Divest Assets, Ericsson's Rural Support & More
    Zacks

    Telecom Stock Roundup: AT&T to Divest Assets, Ericsson's Rural Support & More

    While AT&T (T) intends to sell its wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands, Ericsson (ERIC) is offering support services to rural Wireless Internet Service Providers across the United States.

  • Netflix Rises Most Since January on Booming Overseas Growth
    Bloomberg

    Netflix Rises Most Since January on Booming Overseas Growth

    (Bloomberg) -- Netflix Inc. jumped the most in nine months after its third-quarter results allayed concerns about looming competition from Walt Disney Co. and Apple Inc.The company added 6.77 million subscribers in the third quarter, with stronger-than-expected growth overseas, it said Wednesday after markets closed. Earnings also topped Wall Street estimates, letting investors overlook a tepid forecast for the final quarter of the year.Investors had been bracing for a weak showing after Netflix delivered a disappointing quarter three months ago. The stock had been flagging for weeks. The actual results -- though far from perfect -- were a relief, sending the shares up as much as 7.9% in New York trading Thursday.“It was a really strong quarter -- not just around subscribers, the overall business performance,” Chief Financial Officer Spencer Neumann said in a taped interview with Guggenheim Securities analyst Michael Morris.International markets account for almost all of Netflix’s growth -- and most of its total customers. The world’s largest paid online TV network signed up 6.26 million new users outside the U.S., beating forecasts. Netflix expects to sign 7 million more international customers during the current three months, ending the year with its strongest overseas growth to date.The company benefited from new seasons of a couple of its most popular shows. The teen science-fiction show “Stranger Things” was viewed by 64 million households in its first four weeks, making it the most-watched season of original programming on Netflix. A new season of “La Casa de Papel,” a Spanish heist series, was viewed by 44 million households. It was Netflix’s most-watched show in non-English-speaking countries.Netflix is looking to stoke demand outside the U.S. by investing more in international original series. The company has already released 100 seasons of local language scripted series from 17 countries, and plans to release more than 130 next year alone.Overseas markets will be even more important in the face of new competition from Disney, Apple, Comcast Corp. and AT&T Inc. All four of those companies will introduce new streaming services in the next few months, starting in the U.S. While the final three months of the year are typically among the company’s strongest, Netflix expects to add a total of 7.6 million more customers in the fourth quarter -- fewer than it did a year ago.‘Noisy’ LaunchThe new services from Disney and Apple both launch next month. The Disney+ platform is geared toward kids and families, with hundreds of movies and shows, including Star Wars, Avengers and Pixar fare. Apple’s product is more adult-oriented and has less content.“The launch of these new services will be noisy,” Netflix said in its quarterly letter to investors. “There may be some modest headwind to our near-term growth, and we have tried to factor that into our guidance.”The stock has taken a beating lately, dropping 21% since the prior quarter’s miss was announced in July. Even after the latest rally, it’s not back to its summertime highs, but Netflix has restored the faith of many investors.Third-quarter revenue grew 31% to $5.24 billion, just shy of Wall Street projections. Profit increased to $1.47 a share, easily beating analysts’ estimates of $1.05. This quarter, the company forecasts earnings of 51 cents a share on sales of $5.44 billion. Both are below Wall Street estimates.Recent price hikes have lifted both profit and revenue. Those increases have slowed subscriber growth in the U.S., however. Gains in the U.S. last quarter amounted to just 520,000 new accounts, and the company is going to post its weakest growth at home in years, adding just 2.7 million customers this year.The Los Gatos, California-based company will continue to use the junk-bond market to finance its programming costs, which are expected to total about $15 billion this year.Netflix didn’t say whether it would increase prices again any time soon. It does plan to test more mobile-only and cheaper plans in poorer countries across Asia, where it has the most room to grow.“We’re incredibly low-priced compared to cable,” Chief Executive Officer Reed Hastings said. “We’re winning more and more viewing.”To contact the reporter on this story: Lucas Shaw in Los Angeles at lshaw31@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Netflix Approaches Critical Test of Its Viability
    Bloomberg

    Netflix Approaches Critical Test of Its Viability

    (Bloomberg Opinion) -- Netflix Inc. is approaching a litmus test of its sustainability.The company said on Wednesday in its third-quarter earnings release that it would add fewer net new streaming video customers this year than in 2018. Paid subscriber growth fell short of Netflix’s forecast for the second consecutive quarter. The company is still adding customers at a healthy clip, to be sure, but Netflix is predicated on adding streaming video customers essentially to infinity.The company said it misjudged how many people would cancel when it raised prices in the U.S. and some other countries, and it said alternative Netflix-like services would hurt, at least on the margins. The company also said it was having a harder time predicting the number of new subscribers in the next few months because of an abundance of untested movies or series that will hit its service soon.None of this is great news for a company that has declared itself immune to external forces like competition, the supply-and-demand swings of price increases and the typical wax-and-wane of hit-driven entertainment companies. Surprisingly, Netflix shares surged in after-market trading on this news. The company’s stock price had fallen about 20% after the disclosure in July that it lost U.S. customers in the second quarter, something that had not happened for years.Since that earnings flop, optimism about Netflix has been laced with a ribbon of fear. Many investors and entertainment industry watchers are eager to see whether new streaming video services that will start to debut late this year from Apple Inc., Walt Disney Co. and AT&T Inc.’s HBO will eat into Netflix’s customer growth. On Wednesday, Netflix both provided cherry-picked evidence that competing services don’t clip its wings and acknowledged that competition is hurting. It’s a typical head-scratcher from a management team that sounds overconfident at times. Netflix has always said that no single company will take all the spoils in streaming video, and it’s right. Paradoxically, a growing tangle of online entertainment options may make Netflix’s simplicity more appealing. Still, Netflix needs to keep expanding its subscriber numbers — particularly in the U.S., because that’s where its economics work the best. If Netflix’s fourth-quarter forecast pans out, the company’s U.S. paid customer numbers are growing at 1% or less each quarter from the prior period, down from a quarter-to-quarter growth rate of 2% to 4% in the last few years.(1) This is hardly doomsday. It’s also not good for a company at which minor slowdowns in growth can make a drastic difference in profit potential.I’m also looking at another test of Netflix’s viability that’s more important than the myopic focus on a “war” between Netflix and a tiny number of mostly U.S.-focused streaming options. That test is whether Netflix can stop lighting so much cash on fire.The company in the last 12 months has spent $13.6 billion in cash on programming and burned through $2.9 billion more cash than it took in from subscription fees and other revenue. This upside-down financial status has persisted for about five years.To me, this cash-burning status — not competition from other streaming companies, not fickle taste in consumer entertainment or the newfound reluctance of many entertainment companies to stock Netflix with programming — is the company’s biggest Achilles’ heel and evidence of the cost of Netflix’s ambitions. This condition is no secret, but even the typical financial worrywarts have been unperturbed that Netflix is perpetually spending other people’s money to cement itself as a default entertainment option for billions of people.Netflix reiterated on Wednesday that 2019 would be a peak year of spending more cash than it takes in. Conditions will improve a little next year and then some more after that, Netflix said. The company doesn’t say when it can stop borrowing money to fund itself, but some analysts have estimated the tide will turn in 2021 or 2022. If growth continues to slow, however, that tipping point of self-sustainability pushes further out. Netflix’s torrent of spending and borrowing to pay for more programming and continued growth get harder if the sign-up rate slows even a touch. Netflix has always been a matter of faith: Either you believe it will be a lasting, economically flush staple of global entertainment or you don’t.The slowing customer growth shows that more than a decade after Netflix started to lead a revolution in home entertainment, a simple question remains unanswered: Will even the winners in streaming video be alive at the end?(1) Yes, the quarterly growth rate from the prior year is also slowing.To contact the author of this story: Shira Ovide at sovide@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shira Ovide is a Bloomberg Opinion columnist covering technology. She previously was a reporter for the Wall Street Journal.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • 5 Stocks Trading at 52-Week Highs
    GuruFocus.com

    5 Stocks Trading at 52-Week Highs

    JPMorgan, PepsiCo make the list Continue reading...

  • Netflix stock spikes after Q3 earnings beat expectations
    Yahoo Finance

    Netflix stock spikes after Q3 earnings beat expectations

    Netflix (NFLX) beat third-quarter earnings expectations, just before competitors launch a new batch of streaming services next month.

  • AT&T Union Says Elliott’s Proposals Could Affect 30,000 Jobs
    Bloomberg

    AT&T Union Says Elliott’s Proposals Could Affect 30,000 Jobs

    (Bloomberg) -- If activist shareholder Elliott Management Corp. has its way, more than 30,000 AT&T Inc. workers could lose their jobs or face reductions in wages, according to a new estimate from the Communications Workers of America union.Most of the impact on workers would come from divestitures of DirecTV and AT&T’s landline business and closures of the company’s retail locations, if the company follows Elliott’s suggestions, said the CWA, which represents more than 100,000 AT&T employees.In September, billionaire Paul Singer’s New York hedge fund disclosed a new $3.2 billion position in AT&T, along with a plan to boost the telecom and media giant’s share price by more than 50% through asset sales and cost cutting. The fund hasn’t specifically called for job cuts. AT&T has said it has no plans to dispose of DirecTV, but Elliott could potentially engage in a proxy battle to push its agenda through.“If Elliott doesn’t get their way, they are going to do a proxy fight on the board, and then any or all of these things could happen,” said Christopher Shelton, president of the CWA. “We can’t leave that to chance, because that’s 30,000 jobs.”The Teamsters Union said Wednesday that it “stands in solidarity” with the CWA and its members “as they fight back against plans by a vulture capitalist hedge fund that would harm the company’s workers.” The Teamsters represent 1.4 million people.Elliott and AT&T didn’t immediately respond to requests for comment.Among the potential cuts the CWA sees:DirecTV employs about 10,000 workers represented by the CWA and the International Brotherhood of Electrical Workers whose jobs could be at risk if AT&T decides to divest the business, said Nell Geiser, assistant director of research at the CWA. Some of these jobs are at call centers, while others include technicians who do home installations and tech support.The landline business is supported by about 11,000 people whose jobs may be at risk and who work in rural areas in 26 states, the CWA estimated.Were AT&T to match Verizon Communications Inc. in the number of branded stores operated by third-party dealers, rather than by the company, it would close 970 corporate locations, the CWA said. It might close some additional corporate outlets due to geographic redundancy. In total, these moves would eliminate more than 8,500 retail sales workers, according to the CWA.If AT&T sells its operations in Puerto Rico and the Virgin Islands to Liberty Latin America Ltd. as planned, that could affect about 900 union jobs, the CWA said.The estimates don’t include workers who aren’t yet part of a union, “such as the tens of thousands at WarnerMedia,” the CWA said.These estimates should be taken with a grain of salt. In September, AT&T said DirecTV isn’t for sale, for example. Earlier this month, presidential candidate Elizabeth Warren called on AT&T to reject Elliott’s proposal as it would result in loss of jobs.(Updates with Teamsters comment in fifth paragraph.)\--With assistance from Scott Deveau and Scott Moritz.To contact the reporter on this story: Olga Kharif in Portland at okharif@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, John J. Edwards III, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Tech Stocks for Dividend Investors to Buy as Q3 Earnings Season Heats Up
    Zacks

    Tech Stocks for Dividend Investors to Buy as Q3 Earnings Season Heats Up

    We used our Zacks Stock Screener to search for companies within the broader technology sector that also pay a dividend that investors might want to buy as Q3 earnings season heats up...

  • 3 Stocks to Buy Before Earnings
    InvestorPlace

    3 Stocks to Buy Before Earnings

    Knowing which stocks to buy in front of earnings can be dicey business. In the coming week, three market leaders are showing the right kind of stuff on the price chart to afford technical-based "buy" ratings in front of the news.Any investor with even a passing interest in the market knows earnings can be a powerful catalyst on a stock's share price. Growth play and over-the-top streaming hardware top dog Roku (NASDAQ:ROKU) jumped nearly 21% following July's report. What's more, in the two periods prior ROKU stock soared 28% and 25%, respectively. But stocks to buy for an earnings release are rarely that consistently generous.Market sentiment, quarterly results -- both on an absolute basis as well as compared to consensus and whisper views -- and guidance from the company all play key factors in how investors react to earnings. And which of those influences holds the most weight with any given report can be elusive until after the fact. Still, it's not time to simply put the cash under the mattress when it comes to stocks to buy in front of earnings.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dividend Stocks to Buy (With Brands You Can Find In Your Kitchen) With caveats in place, when a company is a market or industry leader, has proven earnings power and has constructively put in the time on the price chart, earnings can act as a positive catalyst. And right now three stocks of this caliber are in our sights for this type of investment opportunity. Stocks to Buy: Microsoft (MSFT)Microsoft (NASDAQ:MSFT) is the first of our stocks to buy in front of earnings. The tech giant has been firing on all cylinders the last couple years and there's little reason to think this bullish trend won't continue. MSFT earnings are slated for next Thursday evening.Since reporting last quarter, shares of Microsoft are up about 4.5%. That leadership from the world's largest company compares favorably to the broad-based S&P 500's flat performance over the last three months. But the story for MSFT stock gets even better on the price chart.Over the last six months shares of Microsoft have established a solid base-on-base pattern. There was an ill-timed breakout attempt from the pattern in September as the market began to aggressively selloff. Now after pulling modestly back within the base to form a confirmed weekly doji low with a supportive-looking bullish stochastics setup, MSFT is a stock to buy today. AT&T (T)AT&T (NYSE:T) is the next stock to buy. For many investors T is a widows-and-orphans stock with its defensive business and hefty yield of around 5.5%. But today's AT&T is much more.T stock has aggressively reshaped its business to grow and compete in today's market against competition from Disney (NYSE:DIS), Netflix (NASDAQ:NFLX) and Amazon (NASDAQ:AMZN). And it's my guess T earnings are going to make good on recent relative strength. Plus it has a flat base or high handle formation which has followed a massive corrective cup-shaped base. * 7 Beverage Stocks to Buy Now Buying T stock in front of earnings is simple. I'd recommend waiting for shares to trade above nearby pattern resistance of $38.22. With the company set to report on Oct. 28, my guess is the early bird will get the worm. The earnings reaction should fuel additional gains from this key breakout. eBay (EBAY)EBay (NASDAQ:EBAY) is the last of the stocks to buy in front earnings. The formidable online auction and commerce platform reports next Thursday night and there's reason to believe shares are on sale ahead of the EBAY earnings release.EBAY stock has formed a large corrective cup that's nearly two years in the making. The healthy base is complimented by a handle pattern in the right side of the base that's put together a pivot low, confirming an uptrend above the 50% retracement level. It's a powerful combination. Coupled with a hammer candlestick and oversold stochastics on the verge of a bullish crossover, EBAY stock is ripe for buying in today's auction.Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy (With Brands You Can Find In Your Kitchen) * 7 Hot & Trendy Generation Z Stocks to Buy * 5 Stocks to Buy in the Mighty Middle The post 3 Stocks to Buy Before Earnings appeared first on InvestorPlace.

  • Is T-Mobile Stock A Buy Right Now? Here's What Earnings, Chart Say
    Investor's Business Daily

    Is T-Mobile Stock A Buy Right Now? Here's What Earnings, Chart Say

    T-Mobile stock is consolidating as the proposed Sprint merger’s fate remains unclear. Here is what a fundamental and technical analysis says about buying stand-alone T-Mobile sans Sprint.