53.56 -0.17 (-0.32%)
Pre-Market: 8:15AM EDT
|Bid||53.56 x 3200|
|Ask||53.99 x 1000|
|Day's Range||52.82 - 53.89|
|52 Week Range||43.97 - 55.90|
|Beta (3Y Monthly)||0.72|
|PE Ratio (TTM)||7.13|
|Earnings Date||Oct 23, 2018|
|Forward Dividend & Yield||2.41 (4.49%)|
|1y Target Est||56.62|
World Bank president Jim Yong Kim, as well as other business leaders and media sponsors, have pulled out of Saudi Arabia’s Future Investment Initiative, a conference that is widely known as the “Davos of the Middle East.” Yahoo Finance's Seana Smith, Ethan Wolff-Mann, Dion Rabouin, Brian Sozzi and Jen Rogers discuss.
CNBC's Bob Pisani and Mad Money Host Jim Cramer look at what happened during the sell-off over the last two days and what investors should do now.
Crown Castle International (CCI) is scheduled to report its third quarter of 2018 results on October 17. According to Wall Street estimates, its revenues and AFFO (adjusted funds from operations) per share could have a robust YoY (year-over-year) growth. Analysts project AFFO at $1.38 per share, up 34% YoY and 5.3% sequentially. Revenues are anticipated to grow 27.2% YoY and 1.7% sequentially to $1.35 billion.
AT&T (T), the second-largest wireless service provider in the United States, is looking to showcase its strength as it nears its third-quarter earnings release. The company is expected to report its results on October 24.
Verizon’s network suffered “an unprecedented amount of fiber damage” in those areas during Hurricane Michael, said spokeswoman Karen Schulz. Wireless service problems have persisted for the carrier in parts of Panama City, Panama City Beach and Mexico Beach.
The Trump administration defended the Federal Communications Commission repeal of landmark open internet rules known as net neutrality, urging a federal appeals court to reject a challenge. In a 167-page court filing late on Thursday, the Justice Department and FCC urged the court to reject the suit filed by 22 states, the District of Columbia, Mozilla Corp, Vimeo Inc, public interest groups and local governments.
Recently, T-Mobile (TMUS) dipped below its short-term (20-day) moving average, which indicates a bearish sentiment in its stock. On October 8, T-Mobile stock closed the trading day at $68.82. Based on this figure, the stock was trading 0.2% below its 20-day moving average of $68.97, 3.3% above its 50-day moving average of $66.59, and 9.6% above its 100-day moving average of $62.82.
Charter Communications (CHTR) created a new executive position for the head of marketing in charge of operations focused on residential and SMB (small and medium business) markets, thereby expanding its executive team. It hired Kelly Atkinson from Canada’s Rogers Communications (RCIAF) to fill the new position. The company is banking on Atkinson’s more than two decades of experience in marketing to sharpen its competitive edge as it battles wireless providers such as Verizon (VZ) for Internet customers and technology companies such as Netflix and Amazon for video customers.
Wall Street analysts expect T-Mobile (TMUS) to report an ~5.9% increase in revenues to ~$43.0 billion in 2018 compared to ~$40.6 billion in 2017. Analysts expect T-Mobile’s net adjusted income to increase to $2.7 billion in 2018 compared to its net adjusted income of $2.3 billion in 2017. According to data compiled by Reuters on October 8, 88.0% of the 25 analysts covering T-Mobile stock gave it a “buy” recommendation.
A month ago, CBS Corporation (CBS) decided to reconfigure its board of directors after its CEO and board chair, Leslie Moonves, stepped down. The changes added several experts in mergers and acquisitions to the board, sparking talks about whether CBS was building a foundation for a deal. In the months leading up the ouster of Moonves over sexual misconduct allegations, the Redstone family tried to merge CBS with its sister company Viacom (VIA).
T-Mobile’s (TMUS) closing price on October 8 was $68.82 per share. Based on that closing price, T-Mobile has a market capitalization of ~$58.3 billion—the third-largest market cap among the major US wireless carriers. T-Mobile’s highest price in the last 52 weeks was $70.94 per share. Its lowest price in the last 52 weeks was $54.60 per share.
Amid a wild week for the Dow , two of its 30 stocks weathered the sell-off: Walmart WMT and Verizon VZ . Craig Johnson, chief market technician at Piper Jaffray, says one of them could continue to weather any market pressure. Verizon is one of those names that you can step up and buy," Johnson said on CNBC's " Trading Nation " on Thursday.
Verizon Communications Inc. on Thursday changed the exit package offered to about 1,000 of its U.S. workers who were set to move to outsourcing giant Infosys Ltd. After telling those information-technology workers in late September that they weren’t eligible for severance, the wireless carrier is now giving them the option of taking the exit package or moving to Infosys with a guarantee of comparable pay and benefits for two years. A spokesman for Verizon said the offer reflected the carrier’s final agreement with Infosys.
Donald Trump is blaming the Fed for the abysmal market performance of the last two days. As Brad Keoun points out, he's not really wrong, but all the jawboning isn't likely to make much of a difference when it comes to the Fed's propensity to raise rates. "Trump's stated desire for an ever-hotter economy and surging stock market isn't likely to dissuade Fed Chairman Jerome Powell from further rate increases," Brad writes citing Eric Winograd, senior economist at the money manager Alliance Bernstein.
Verizon Communications (VZ) closed the most recent trading day at $53.33, moving -1.84% from the previous trading session.
Verizon is the IBD Stock of the Day as the telecom services provider breaks out of a flat base and nears a buy point. Institutional investors may shift to Verizon and other defensive plays.
Earnings season is around the corner and telecom companies will be reporting their results within the next two weeks. Here's what JPMorgan is expecting. The Analyst JPMorgan's Philip Cusick : Maintains ...
What's Next for Tech Stocks after Wednesday’s Sell-Off? Telecom giant Verizon (VZ) stock reached a 52-week high of $55.90 per share on October 10 and closed at $54.33 per share. Based on that closing price, Verizon has a market capitalization of ~$224.5 billion, the second largest after AT&T (T), which has the highest market cap of $238.6 billion among the big four US mobile operators.
Industry trade groups representing Comcast (CMCSA), Charter Communications (CHTR), Verizon (VZ), and other Internet access providers have sued to block California’s new Internet regulations. Last month, California adopted rules that prohibit Internet providers from throttling traffic or introducing paid prioritization. The move came in response to the move by the Federal Communications Commission (or FCC) to do away with the Obama-era open Internet regulations—better known as net neutrality rules.
Major indices tumbled and many individual stocks were obliterated, but AT&T (NYSE:T) held its own for most of the session. Sure, AT&T stock fell 1.95%, but that’s less than half of the decline in the Nasdaq Composite and it outperformed both the S&P 500 and Dow Jones Industrial Average. Does this relative strength make T stock a screaming buy?
Tech companies continue to have problems with clearly offensive search terms, and Microsoft is no exception to the rule. How-To Geekdiscovered that Bing (and by extension, our sibling brand Yahoo) was suggesting offensive searches even if you had SafeSearch turned on. Microsoft has since pulled the offensive terms.
On October 8, T-Mobile’s (TMUS) market capitalization was ~$58.3 billion, making it the third-largest US mobile operator in terms of market cap. In comparison, AT&T (T) had a market capitalization of ~$247.7 billion, Verizon’s (VZ) market capitalization was ~$227.3 billion, and Sprint’s (S) market capitalization was ~$26.5 billion.
Can Netflix Deliver in Q3 2018? Netflix (NFLX) is slated to report its third-quarter earnings on October 16. Netflix expects its third-quarter EPS to reach $0.68, which is on par with analysts’ estimates.
Samsung (SSNLF) will not need to pay $115 million for terminating patent contracts with patent group MPEG LA. MPEG LA manages a pool of patents, including patents used in television sets. It entered into some contracts with Samsung that Samsung later decided to end.