55.69 0.00 (0.00%)
After hours: 6:18PM EST
|Bid||55.40 x 1200|
|Ask||56.43 x 27000|
|Day's Range||55.43 - 56.51|
|52 Week Range||43.51 - 56.90|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||4.99%|
|Beta (5Y Monthly)||0.00|
|Expense Ratio (net)||0.13%|
ViacomCBS Inc. and Comcast Corp. announced Wednesday that they renewed their content carriage agreement, which includes transmission consent of 23 CBS-owned TV stations. The agreement include CBS-owned The CW affiliates, and distribution of channels including Showtime, Smithsonian Channel, Pop TV and CBS Sports Network to Xfinity customers. In addition, CBS's digital subscription video on-demand streaming service, CBS All Access, will be available on Comcast's Xfinity X1 and Flex platforms. Financial terms of the agreement were not disclosed. "ViacomCBS has been a great partner, and we are very pleased to have reached this agreement to provide Xfinity X1 and Flex customers with more access to their content across multiple platforms," said Rebecca Help, senior vice president of video and entertainment at Comcast Cable. ViacomCBS's stock rose 0.3% in premarket trading while Comcast shares slipped 0.1%. Over the past 12 months, ViacomCBS's stock has shed 12.9% and Comcast's stock has rallied 25.8%, while the S&P 500 has gained 25.7%.
The Communication Services Select Sector SPDR Fund (NYSEArca: XLC), the first and largest ETF targeting the communication services sector, is up nearly 28% year-to-date, but XLC has the tools to rally ...
Given the huge success of Disney's streaming service, investors could tap the opportune moment with consumer ETFs having the largest exposure to this global media and entertainment company.
Despite the age-old trend of a Santa rally, 2018 was a massive downer. Since 2019 is giving the same cues, investors can seek refuge in these safer ETFs.
Shares of Viacom Inc. rallied 3.6% in premarket trading Thursday, after the media network and filmed entertainment company reported fiscal fourth-quarter profit and revenue that beat expectations. Net income for the quarter to Sept. 30 fell to $307 million, or 76 cents a share, from $394 million, or 98 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share declined to 79 cents from 99 cents but was above the FactSet consensus of 76 cents. Revenue slipped 1.5% to $3.43 billion but topped the FactSet consensus of $3.42 billion, as media networks revenue of $2.61 billion beat expectations of $2.58 billion but filmed entertainment revenue of $851 million missed expectations of $865 million. Viacom is in the process of merging with CBS Corp. , with the combined company to be named ViacomCBS. Viacom's stock has tumbled 17.5% over the past three months, while the SPDR Communication Services Select Sector ETF has gained 6.9% and the S&P 500 has advanced 8.9%.
Twitter (NasdaqGS: TWTR) shares plunged the most in over a year after a disappointing quarterly, dragging on communication services sector-related ETFs. For instance, the Global X Social Media ETF (SOCL) ...
Despite stiff competition, investors might want to capitalize on this Internet television network leader's subscriber growth and the upcoming surge in its share price with lesser risk in the form of ETFs.
The communication services sector is now a year old and due in large part to some well-known components, the sector has been widely embraced by investors. For example, the Communication Services Select ...
Yahoo Finance's Editor-in-Chief Andy Serwer sat down for an exclusive interview with Facebook's Vice President of Integrity to discuss misinformation, fake accounts and ad transparency.
U.S. GDP growth slows in the second quarter but trumps expectations, indicating still-decent operating environment. This could bode well for these ETF areas.
Communication services sector exchange traded funds led the charge on Friday after Google’s parent company, Alphabet (NasdaqGS: GOOGL), surged in pre-market trading after beating Wall Street estimates ...
Facebook came up with robust second-quarter 2019 results, wherein it beat estimates on both revenues and earnings. However, it warned of deceleration in revenue growth, more specifically in the fourth quarter.
As the U.S. government has announced investigation on the largest U.S. tech companies for anti-competitive practices, these FAANG-heavy ETFs thus could suffer ahead.
This year, the S&P 500’s best performing sectors of 2019 were the information tech, followed by communications services and financials. Meanwhile, the worst sectors include energy, health care, and materials.