T Jun 2020 37.000 put

OPR - OPR Delayed Price. Currency in USD
2.4500
-0.0500 (-2.00%)
As of 10:54AM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close2.4600
Open2.4400
Bid2.4100
Ask2.4600
Strike37.00
Expire Date2020-06-19
Day's Range2.4400 - 2.4600
Contract RangeN/A
Volume39
Open InterestN/A
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    IHG, SmileDirectClub, Wells Fargo, AT&T and AB InBev: Stocks to Watch

    IHG, SmileDirectClub, Wells Fargo, AT&T and AB InBev are the companies the Yahoo Finance team will be watching today.

  • Barrons.com

    AT&T Might Be Nearing a Deal With an Activist Investor, and Its Stock Is Rising

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  • AT&T's Xandr Acquires Clypd to Boost TV Advertising Business
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    The Movie Biz: The still way too early Oscar predictions

    If patriotism is the last refuge of scoundrels, as Samuel Johnson said, then Early Oscar Predictions might be called the last refuge of movie writers desperate for a column idea. The reporter in “It’s a Beautiful Day in the Neighborhood” is based on local journalist, Tom Junod.

  • Will AT&T and Elliott Management Find Common Ground?
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    Will AT&T and Elliott Management Find Common Ground?

    Elliott Management expects AT&T; stock to reach $60.0 by the end of 2021 if it adopts the restructuring plan. The stock has a potential upside of almost 60%.

  • TheStreet.com

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

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  • 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
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  • Barrons.com

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  • 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
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  • 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.

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