12.81 0.00 (0.00%)
After hours: 4:48PM EDT
|Bid||12.80 x 4000|
|Ask||12.86 x 800|
|Day's Range||12.74 - 12.93|
|52 Week Range||9.64 - 23.13|
|Beta (3Y Monthly)||0.75|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.00 (7.81%)|
|1y Target Est||N/A|
It's easy to predict that a recession will come eventually. They always do. The trick is in the when - and even the most experienced experts take a lot of swings without making contact.But more strategists and economists are increasing their odds of a forthcoming recession. An August survey by the National Association for Business Economics showed that three of four economists expect a recession by 2021. It could come sooner than that. Also in August, Bank of America analysts said there's a greater-than-30% chance of a recession within 12 months. In a June interview, economist Gary Shilling said, "I think we're probably already in a recession."There are plenty of potential catalysts. Numerous international central banks are easing their policies to battle slowing economic growth. America's Federal Reserve is no exception - it just announced the second cut in its benchmark interest rate this year. The U.S.-China trade war is exacerbating things, with a salvo of tariffs weighing on consumers here and abroad. This has been reflected in the Treasury yield curve, which has inverted several times in 2019 - a recessionary warning sign.Don't look to these five stocks for recession protection. Many businesses surely will feel the pinch of an economic pullback. But these five better-known names - while fine companies in some respects - have issues such as high debt levels and struggling growth despite the economic expansion that might make a downturn more painful for them than others. SEE ALSO: The Pros Say No: 7 Large-Cap Stocks to Sell or Avoid
The name of the game right now is risk avoidance. Numerous macroeconomic issues - the U.S.-China trade war, interest-rate uncertainty and global growth concerns - have conspired to knock the major indices from their recent peaks. The worries have intensified so much, so quickly, that you should start to monitor your portfolio for stocks to sell (and value traps to avoid, if you're prone to buying dips).Weeding out weak holdings can limit your losses, after all. Stocks that can't ride the broader markets higher because of their own fundamental issues are at risk of even deeper cuts when the rising tide isn't lifting all the boats anymore.One way to monitor for weakness is to look at the dividend-focused fundamentals captured by the DIVCON system from exchange-traded fund provider Reality Shares. DIVCON examines the payout health of the dividend stocks among the market's 1,200 largest companies, rating metrics such as earnings growth, free cash flow (how much cash companies have left over after they meet all their obligations), and even the Altman Z-score, which helps assess a company's likelihood of a bond default or bankruptcy.The resulting rating system (a 1-5 scale in which DIVCON 5 indicates the healthiest of payouts and DIVCON 1 indicates dividends at the most risk) is intended to gauge a dividend's sustainability and chance of growth. But given the data that DIVCON measures, a low rating also can help identify companies with less-than-desirable overall fundamentals.Here are seven dividend stocks to sell or avoid that have earned the lowest overall DIVCON rating (1). Each of these has underperformed the market during its 15% year-to-date run. And each looks more vulnerable during this current bout of uncertainty. SEE ALSO: 13 Best Stocks to Buy for the Next Stock Market Correction
The market didn't end yesterday's session at its high, but the 0.29% gain the S&P 500 was able to hang onto still translates into the third-straight winner. The Dow Jones Industrial Average logged its seventh consecutive win, with both indices still buoyed by renewed hopes that trade ties with China are on the verge of improving.Source: Shutterstock Overstock.com (NASDAQ:OSTK) led the charge with its 17% advance. Shares of the e-commerce platform continued the rally spurred by an upgrade from D.A. Davidson tendered earlier this week. Advanced Micro Devices (NASDAQ:AMD) offered up a meaningful helping hand too, gaining 1.5% because it's one of the more pronounced beneficiaries of a more accommodating trade environment.Holding the market back more than any other was Oracle (NYSE:ORCL), down 4.3% in response to last quarter's lackluster revenue growth, which was underscored by the announcement that Co-CEO Mark Hurd will be taking medical leave to attend to an unnamed health-related matter.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Big IPO Stocks From 2019 to Watch None of those names are particularly well-suited trading prospects headed into today's action, however. Instead, take a look at the stock charts of Electronic Arts (NASDAQ:EA), Centurylink (NYSE:CTL) and Wynn Resorts (NASDAQ:WYNN). Here's why. Centurylink (CTL)A little over a month ago, Centurylink was featured as a noteworthy name thanks to a repeated effort to break past a major technical ceiling. Although not yet over that hump, a string of higher lows and improving technical support suggested such a move was only a matter of time.That happened, in spades. In fact, the sheer speed of the breakout was enough to push CTL stock beyond another major technical barrier. Although now overextended and ripe for some profit-taking, the entire sequence of events says the path of least resistance is now upward. * Click to EnlargeThe ceiling at $12.43, plotted in blue on the daily chart, was the technical ceiling in question. Centurylink peaked there twice in July, but didn't flinch at that level earlier this week. * The strength of the move carried CTL stock past the 200-day moving average line as well, marked in white on both stock charts. The whole move also unfurled on above average volume. * Although ripe for a pushback, the fact that the 20-day moving average line is now above the purple 50-day line, and the fact that the 50-day line is above the 100-day moving average line is telling. Any stumble should be short-lived. Wynn Resorts (WYNN)After a rough 2018, a choppy 2019 is a relative win for Wynn Resorts. Technical support around $103, marked as a red dashed line on both stock charts, gets much of the credit for escaping would could have turned out to be a move to lower lows.There may still be trouble ahead, however, despite the bullishness we've seen so far this month. WYNN stock is already slowing as it nears what's known to be major resistance, and another clue says the damage has already been done. * 10 Battered Tech Stocks to Buy Now * Click to EnlargeThe resistance line in question is the convergence of the purple 50-day moving average line and the white 200-day moving average. Wynn Resorts shares only had to get near them on Thursday to start peeling back. * Simultaneously, the 50-day moving average line has now crossed back under the 200-day moving average. This so-called "death cross" is a hint that the bigger-picture undertow is bearish despite the recent gains. * Even if the rally isn't quelled here, there's another impending ceiling. The yellow dashed line that connects the key peaks going back to the early 2018 high could still stop the advance. Electronic Arts (EA)Finally, the implosion Electronic Arts shares suffered last year hasn't persisted into this year. In fact, EA stock looks like it's been trying to stage a full recovery of that meltdown.It hasn't done that yet, and may never actually do so. There are several major clues that suggest that rebound is more likely than not though. And, the chart has drawn some clear lines in the sand that will make clear if and when the stock moves into full-breakout mode. * Click to EnlargeThe most important line in the sand is the line that connects the lower highs seen since February's peak, plotted in yellow on both stock charts. This week's lull makes clear traders are hesitant to push past it. * Nevertheless, the convergence of all the key moving averages since June is bullish in and of itself. Better still, we're close to seeing a renewed bullish cross where the purple 50-day line moves above the 200-day moving average. * It's also not likely to be a mere coincidence that the area standing in the way of more upside lies right around a Fibonacci retracement line near $103. Moving above it should also be catalytic.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post 3 Big Stock Charts for Friday: Electronic Arts, Centurylink and Wynn Resorts appeared first on InvestorPlace.
While Qualcomm (QCOM) is planning to develop cheap 5G chipsets for the masses, CenturyLink (CTL) aims to strengthen its position in the content delivery network with the acquisition of Steamroot.
Moody's Investors Service (Moody's) has affirmed the Ba3 corporate family rating (CFR) for CenturyLink, Inc. (CenturyLink). Moody's has also affirmed CenturyLink's Ba3-PD probability of default rating (PDR), its senior unsecured rating of B2, and its senior secured rating of Ba3.
CenturyLink, among the worst-performing stocks in the S&P 500 this year, is the best performing stock in the index today—and it appears to be benefiting from a trickle of good news for both the company and the telecom sector.
The acquisition will enable CenturyLink (CTL) to enrich its video content offerings in bandwidth constrained areas by utilizing edge computing and data driven approach of Steamroot.
A social media comeback kid, one of the hottest media stocks of the past decade, and a high-yielding telco make the cut in this quest for the best stocks trading in the teens or lower.
While it may not be enough for some shareholders, we think it is good to see the CenturyLink, Inc. (NYSE:CTL) share...
The cloud is moving much closer to you, and the trend could deliver major profits for the companies that power and capitalize on that shift.
(Bloomberg) -- AT&T Inc., Verizon Communications Inc. and 10 other large phone companies have struck an agreement with 51 attorneys general to enact technology to block robocalls before they reach consumers.The deal, announced Thursday, will help protect consumers from receiving illegal robocalls, and assist law enforcement in investigating and prosecuting bad actors, said North Carolina Attorney General Josh Stein, who is leading the effort that includes all 50 states and the District of Columbia.Under the deal, the companies will launch the call-blocking technology at no cost to consumers, and make other free anti-robocall devices and apps available to subscribers. “By signing on to these principles, industry leaders are taking new steps to keep your phone from ringing with an unwanted call,” Stein said in a statement.The companies are under pressure to protect consumers against the unwanted calls, which are a top source of complaints with the U.S. Federal Communications Commission. Across the U.S. there were 48 billion robocalls last year, up from 31 billion in 2017, according to a tally by YouMail Inc., a developer of software that blocks the calls.In July, AT&T, Verizon and T-Mobile US Inc. said they were making progress toward installing technology to authenticate calls so consumers would know if the call is coming from the person supposedly making it. The FCC has demanded the technology be in place by the end of the year.FCC Chairman Ajit Pai said the agreements with the states “align with the FCC’s own anti-robocalling and spoofing efforts,” including the agency’s caller authentication standards.“Few things can bring together policy leaders across the political spectrum like the fight against unwanted robocalls,” Pai said in a statement. “The FCC is committed to working together with Congress, state leaders, and our federal partners to put an end to unwanted robocalls.”Consumers are often duped into answering phone calls because they appear to be from a local number or business.“The bad actors running these deceptive operations will soon have one call left to make: to their lawyers,” New York Attorney General Letitia James said in the statement.Companies InvolvedThe other companies signing the agreement are T-Mobile, CenturyLink Inc., Comcast Corp., Sprint Corp., Bandwidth Inc., Charter Communications Inc., Consolidated Communications Holdings Inc., Frontier Communications Corp., U.S. Cellular Corp. and Windstream Holdings Inc.The FCC has demanded that carriers adopt the system to digitally validate phone calls passing through the complex web of networks. The agency also has said that providers may block calls, and cast a preliminary vote to require the digital authentication if carriers fail to install it by year’s end.Several of the top U.S. carriers issued statements in concert with the state attorneys general announcement. While the group on a whole backed the effort, there were few if any new, specific anti-spam call actions or timelines mentioned.“It’s imperative that we stand together on a common set of goals that include stopping callers from hiding their identities, working with other carriers on efforts to trace back illegal calls to the source, and keeping the originators from sending robocalls in the first place," Verizon said in a statement.“The fight against the scourge of illegal robocalls requires all hands on deck, and we welcome and appreciate the support of the state attorneys general,” AT&T said in a statement.(Updates with carriers and FCC comment beginning in seventh paragraph.)\--With assistance from Erik Larson and Scott Moritz.To contact the reporters on this story: Jonathan Reid in Washington at email@example.com;Susan Decker in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Jon Morgan at email@example.com, ;Keith Perine at firstname.lastname@example.org, Elizabeth WassermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Verizon (VZ) and AT&T (T) are deploying divergent TV service strategies, while Qualcomm (QCOM) inks a new licensing deal with LG Electronics.
With CenturyLink's (CTL) SIMPLE service expansion, small business customers can now purchase more business-critical services with ease.
CenturyLink (NYSE: CTL) and the Communications Workers of America have reached an early agreement on a contract extension. The agreement includes wage increases of 3% in the first year, then 2.5% in the second and third years. The contract between CWA and CenturyLink was set to expire in March 2020, however both parties instead decided to go to the table early.
Verizon (VZ) is divesting the social media blogging site Tumblr for an undisclosed amount, while CenturyLink (CTL) beats on second-quarter 2019 earnings despite lower revenues year over year.
CenturyLink (CTL) agrees to pay $550,000 to the U.S. Treasury and has committed to a compliance plan designed to protect consumers and prevent future cramming.
CenturyLink has reached a $550,000 settlement with the Federal Communication Commission’s Enforcement Bureau for unauthorized charges on consumers’ bills. CenturyLink (NYSE: CTL) was investigated for placing thirty-party charges and fees onto bills — a practice called cramming. Cramming is considered unreasonable and unjust under the Communications Act, and to settle the investigation, the company has agreed to pay $550,000 to the U.S. Treasury and committed to a compliance plan to protect consumers and prevent future cramming.