94.00 0.00 (0.00%)
After hours: 5:24PM EDT
|Bid||0.00 x 1000|
|Ask||95.00 x 1000|
|Day's Range||93.20 - 94.39|
|52 Week Range||85.88 - 103.90|
|PE Ratio (TTM)||14.17|
|Forward Dividend & Yield||1.61 (1.71%)|
|1y Target Est||N/A|
Netflix’s (NFLX) original programming seems to be leaving the likes of HBO (TWX), Amazon (AMZN), and Hulu in the dust. According to new research by Morgan Stanley published in Variety, 39% of respondents said that Netflix had the “best original programming” among all subscription services compared to 33% last year. Morgan Stanley’s survey polled 3,100 American adults over the age of 18.
Hedge fund managers are supposed to be some of the best stock-pickers in the world. While that hasn’t necessarily been true for the past several years (hedge fund returns have been choppy during that stretch while the market has simply roared higher), hedge fund managers seem to be getting their groove back in 2018. The hedge fund world’s favorite stock is tech giant Facebook, Inc. (NASDAQ:FB).
Just last week, I wrote a piece on why the S&P 500 could rally big this summer, and which summer stocks to buy to maximize return in that rally. This combination of historically normal valuation and historically above-normal earnings growth has the S&P 500 trading at a PEG (price-to-earnings/growth) ratio of just 1.
The streaming service has hired two new vice presidents to help evolve and drive Hulu’s overall marketing strategy.
Netflix may have unparalleled value, but HBO Creative Consultant Frank Rich says HBO has Netflix beat as far as quality of content and transparency for creators.
AT&T (T) plans to get its Mexico unit out of the red this year, but its priority is also closing its pending acquisition of Time Warner (TWX). The court’s decision on whether AT&T can close the acquisition is expected by June 12. The United States Department of Justice (or DOJ) filed a lawsuit to block AT&T from acquiring Time Warner, saying a merger of the two companies would hurt consumers through higher pay-TV prices or limited television choices.
On April 25, Comcast (CMCSA) reported impressive first-quarter results, delivering better-than-expected earnings and revenue. The media and cable giant has exceeded earnings expectations for the past five consecutive quarters. Comcast reported adjusted EPS (earnings per share) of $0.62 in the first quarter.
On April 29, T-Mobile (TMUS) announced its merger with peer telecom (telecommunications) company Sprint (S), where 0.103 shares of T-Mobile will be given for each Sprint share (or 9.75 shares of Sprint for each share of T-Mobile). Following the merger, T-Mobile’s parent company, Deutsche Telekom, and Sprint’s parent, SoftBank, are expected to hold ~41.7% and ~27.4%, respectively, of the combined company, with the remainder scheduled to be held by the public.
Five months after ending their merger discussions, T-Mobile (TMUS) and Sprint (S) have again decided to come together. On April 29, T-Mobile announced an all-stock offer for Sprint shareholders that would give Sprint an implied enterprise value of $59.0 billion. The proposed merger between the third- and the fourth-largest companies in the wireless space marks the third attempt by the companies to form a telecom (telecommunications) giant enough to compete with top players Verizon (VZ) and AT&T (T) in the industry.
At least, in this case, Wade Wilson would approve of the sarcasm. Anyway, Deadpool 2 just snagged an opening day that is bigger (sans inflation) than Green Lantern's entire opening weekend ($53.1m in 2011). In this case, Deadpool 2 broke the records set both by Deadpool and It among R-rated giants.
Brian Henson's long-in-development R-rated muppet murder mystery is pretty high on the must-see list this summer, and it's one of the more ambitious "not based on anything" releases this year. Melissa McCarthy is probably going to have a pretty good year. The comic actress just debuted Life of the Party, another one of her mid-to-low budget comic vehicles co-wrote by McCarthy and husband Ben Falcone and directed by Falcone, to what likely will be a $32.5m ten-day total on a $30m budget. Since breaking out in Bridesmaids just over seven years ago (where she helped power Paul Feig's leggy Kristen Wiig vehicle to $288m worldwide on $17m budget), McCarthy has become a true-blue "face in the trailer" movie star.
Deadpool earned $47.3 million on opening day, meaning it earned $34.6m on its “pure Friday” and 26.8% of its opening day via advance-night screenings. It earned a record-breaking $50.4m on its opening day, meaning it earned $36.9m on its “pure Friday” and 26.7% of its opening day via advance-night previews. It and Deadpool were neck-and-neck for Thursday, Friday and Saturday (It made $44.9m while Deadpool earned $42.5m on Saturday).
Solo: A Star Wars Story screenwriter Jonathan Kasdan made news yesterday via The Huffington Post when discussing his assertion that Donald Glover's Lando Calrissian is pansexual, specifically in terms of his sexuality affinity for (at least) human women and female robots (his droid co-pilot, voiced by Phoebe Waller-Bridge). To be fair, Kasdan was answering a specific question from interviewer Bill Bradley, so it's not necessarily the same as declaring to the world that Lando is a member of the LGBTQIA community without offering any onscreen evidence of such. The "he's bi when you're not looking" tease is just another example of filmmakers openly admitting to penning gay or bi characters in their big-scale tentpoles without those characters actually acting gay (or merely being gay) in the movies in question.
In the first quarter, T-Mobile (TMUS) posted adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of ~$2.96 billion, a 9% sequential rise and a 10.8% YoY (year-over-year) rise.
If the Georgia-filmed “Life of the Party” sounds like a gender-bended “Back to School,” Rodney Dangerfield’s 1986 movie about a guy enrolling in the same college as his kid, that’s because it kinda is, writes film critic Eleanor Ringel-Cater.
On May 9, Walt Disney (DIS) had a market capitalization of ~$149 billion, higher than peers Netflix (NFLX) and Comcast (CMCSA), which have market caps of ~$144 billion and ~$141 billion, respectively. In the media space, this metric for Time Warner (TWX) and Dish Network (DISH) reached ~$72.3 billion and ~$14.5 billion, respectively, on the same date.
For those keeping track, Keanu Reeves' John Wick: Chapter 3 (or whatever it ends up being titled) opens in domestic release one year from today. The unlikely trilogy was the result of an all-too-rare sleeper hit in this preordained tentpole industry, as well as further evidence of Keanu Reeves' ability to periodically create new wholly original characters that capture at least a portion of the zeitgeist. And the franchise has gone from a late-October release to a Presidents Day offering to a third flick opening on one of the best weekends of the summer. The first film was co-directed by Chad Stahelski and David Leitch, so it's a little ironic that this year the key pre-Memorial Day weekend frame is home to David Leitch's Deadpool 2 while next year it will be home to Chad Stahelski's John Wick 3.
T-Mobile (TMUS) started the year with impressive earnings results in the first quarter of 2018. The telecom (telecommunications) company exceeded Wall Street analysts’ expectations for both earnings and revenue. It’s been consistently delivering better-than-expected earnings results for the past several quarters.
Just in time for summer, when people are on vacation and otherwise on the go, Hulu has updated its mobile and web viewing experiences with an emphasis on live viewing.
Warner Bros./Time Warner Inc. and New Line Cinema's Rampage has officially passed the $400 million mark at the global box office. You can make the case that the Dwayne Johnson/Naomi Harris adaptation of the 1980's cult arcade game is essentially the first big-budget video game movie that qualifies as a hit since Angelina Jolie's first ($110m-budgeted) Tomb Raider back in 2001. Rampage is the second-biggest video game adaptation both overseas (behind the $386 million overseas cume, with $214m from China, of Warcraft) and worldwide (behind Warcraft's $433m global cume in 2016).
Avengers: Infinity War earned another $6.044 million on Tuesday, soaring 31% from its $4.6m Monday gross and bringing its 19-day domestic total up to $558.7m. Since it’s way behind Star Wars: The Last Jedi ($620m) on the unadjusted domestic charts, it’s not going to be getting any higher on that score until Memorial Day weekend.
Keith Bliss of Cuttone and Company joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.