|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||133.26 - 136.04|
|52 Week Range||100.35 - 147.15|
|Beta (3Y Monthly)||0.72|
|PE Ratio (TTM)||17.40|
|Earnings Date||Nov 6, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||1.76 (1.30%)|
|1y Target Est||152.55|
Sandra Kuba, a former senior financial analyst who worked at the Walt Disney Company for 18 years, filed a series of whistleblower tips with the SEC, claiming Disney overstated its revenue for years. She's alleging that employees working in the parks-and-resorts business segment were able to systematically overstate revenue by billions of dollars by exploiting weaknesses in the company’s accounting software.
Key indexes closed at or near session lows in the stock market today, after three days of solid gains for the Dow Jones Industrial Average.
With Federal Reserve Chairman Jerome Powell slated to give remarks at the Jackson Hole, Wyoming summit later this week, it would not be surprising to see some sluggish days for stocks leading up to that event. Such was the case Tuesday.Source: Pavel Ignatov / Shutterstock.com The meeting minutes of the Fed's July meeting are coming out tomorrow, giving traders another reason for pause today. That release could provide details regarding just how unified the central bank is regarding more rate cuts this year.Overall, it wasn't a great day for stocks as highlighted by the fact that in late trading, just five of the 30 members of the Dow Jones Industrial Average were spotted higher, but it could have been worse. The Nasdaq Composite fell by 0.68% while the S&P 500 slipped 0.79%. The Dow Jones Industrial Average finished lower by 0.66%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Undervalued Stocks With Breakout Potential From a broad asset perspective, not much worked today except for familiar friends gold and U.S. government debt. There was some risk-off sentiment permeating markets today following the resignation of Italy's prime minister and more comment from President Donald Trump that he's not quite ready to make a trade deal with China.Let's get into some of the names that moved the Dow Jones Industrial Average today. Today's Dow WinnersI have repeatedly mentioned the The Home Depot (NYSE:HD) in recent days simply because that was the lone looming marquee earnings report among Dow components for investors to digest. The stock soared 4.59% today following that report.Atlanta-based Home Depot posted fiscal second-quarter earnings of $3.17 per share, beating Wall Street's estimates of $3.08. More importantly, the stock rallied on what was some glum guidance from the company. Not only did Home Depot warn about the impact of tariffs on its results, the company lowered full year same-store sales growth estimates to 4% from 5%."Home Depot said it now expects 2019 sales to rise about 2.3%, down from a prior forecast of a 3.3% increase," according to Reuters.While Dow winners were hard to come by, it was encouraging to see Walt Disney (NYSE:DIS) close modestly higher. The company has recently seen some controversy after a former accountant alleged Disney artificially inflated revenue for years."Sandra Kuba, formerly a senior financial analyst in Disney's revenue-operations department who worked for the company for 18 years, alleges that employees working in the parks-and-resorts business segment systematically overstated revenue by billions of dollars by exploiting weaknesses in the company's accounting software," reports Barron's.Kuba said she has alerted the Securities and Exchange Commission (SEC) to the matter. This isn't a comment on the allegations, but shares of Disney have been basically flat over the past week, indicating markets aren't putting much weight on the accounting accusations.Apple (NASDAQ:AAPL) gained 0.15% a day after the company said it plans to spend $6 billion on original content for its streaming platform as plans for its Apple TV+ begin to crystalize. Rumors are swirling that Apple could price that offering at $10 a month in the middle of two of Disney's Disney+ plans. Downed DowMaterials name Dow (NYSE:DOW) was by far the worst offender in the Dow Jones Industrial Average, plunging 5.34% on seemingly light news. One reason the stock may have fallen today, and I emphasize "may," is delayed reaction to an analyst downgrade out last Friday. Delayed because the stock trade higher yesterday, but with Tuesday's loss, it's lower by about 13% over the past 90 days. Bottom Line on Dow Jones TodayTuesday was another one of those sort of directionless, "let's wait and see days" where broader takeaways are hard to come by. For traders looking for near-term ideas, headline risk due to regulatory issues for big tech lingers, potentially bringing some short opportunities there, but that's a cautious bet at best.Second, there is growing sentiment that the worst of the energy sector's doldrums have passed and that the sector is primed to bounce back as the third quarter enters its latter stages.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Dow Jones Today: Another Fed Holding Pattern appeared first on InvestorPlace.
Consumers expressed surprise and disappointment online that Apple is weighing a $9.99 monthly subscription price for its upcoming Apple TV+ service. Apple stock rose a fraction.
The idea of disruptors - single companies that (usually quickly) change the landscape of an entire industry or sector - isn't new. Henry Ford and Ford Motor (F) revolutionized automaking in the early 1990s. Phil Knight's Nike (NKE) forever altered the athletic-shoe industry.In the process, these and other similar game-changers were colossally successful stock picks, shooting higher year after year as they ate the rest of their industry's share.Today, institutional investors with deep pockets still are committing large sums of capital to disruptive technologies. For instance, in Canada, Quebec's largest pension fund - Caisse de dépôt et placement du Québec - recently announced that it would invest up to $2 billion in public-company stocks and pre-initial public offering (IPO) companies with the potential to become leaders in their industries.Here in the U.S., investment managers such as Ark Investment Management LLC, are focused exclusively on disruptive innovation. Ark defines disruptive innovation "as the introduction of a technologically enabled new product or service that has the potential to change an industry landscape by creating simplicity and accessibility while driving down costs." This sounds like the kinds of innovations harnessed by Ford and Nike in their heydays.Today, we'll explore 10 stock picks that have the potential to be disruptors themselves. A few of these are established companies that are delving into new markets, while others are younger companies that are only starting to be a thorn in other companies' sides. Just be cautious. A few aren't even profitable yet, which makes them considerable risks and more suitable for aggressive allocations. SEE ALSO: The 19 Best Stocks to Buy for the Rest of 2019
Financial shares led U.S. stocks lower on Tuesday to end a three-day rally as investors awaited comments from Federal Reserve Chair Jerome Powell at the end of the week. The S&P 500 financial index dropped 1.2%, and the group weighed most heavily on the benchmark index among its major sectors, which were almost all in the red. Only consumer discretionary shares posted gains, a modest 0.16% rise, as shares of Home Depot Inc climbed 4.4%.
Food is a growing part of the overall experience of local theme parks and any new attractions. The new 14-acre land is will debut Aug. 29 at Disney's Hollywood Studios theme park. Here's a breakdown of some of the restaurants opening in Galaxy's Edge: Oga's Cantina is the signature bar and hangout for all guests with entertainment run by RX-24 (or Rex), the former pilot and host from the Star Tours ride.
[Editor's note: "10 Stocks That Every 30-Year-Old Should Buy and Hold Forever" was previously published in April 2019. It has since been updated to include the most relevant information available.]By the age of 30, you should already have nearly a decade's worth of retirement savings under your belt. If you don't, you're not alone. A recent GoBankingRates survey showed that nearly half of the millennials questioned had no retirement savings at all.If you fall into that camp, keep in mind the old saying "better late than never," because it absolutely applies if you're only just starting to build a nest egg. If you just hit the big 3-0 and you've already been saving and investing for years, bravo; however, 30 is a great milestone to look over your investments and rebalance your portfolio with some of the best long-term stocks out there. InvestorPlace - Stock Market News, Stock Advice & Trading TipsUnlike in your 20s, risk is a much larger consideration a decade later. The market is bound to go up and down, and you have to assess whether or not you could handle a market-wide pullback. Moreover, you will want to keep some powder dry to buy on a dip. Income stocks that pay dividends become important stocks to buy at this stage, but choosing some riskier players shouldn't be completely off the table. * 10 Undervalued Stocks With Breakout Potential Of course, investors in their 30s should be holding some of their money in an index fund that will provide conservative growth. But here's a look at ten of the best long-term stocks to buy if you're in your 30s: Best Long-Term Stocks to Buy: Disney (DIS)I recommended Disney (NYSE:DIS) stock when the company's share price dipped below $100 following a racist tweet from Roseanne Barr, the star of one of the company's most successful sitcoms back in 2018. Disney responded by immediately canceling the show and distancing itself from Barr's hateful outburst, but investors worried that the loss of advertising from the canceled show would hurt advertising income.Since then, the market has come to its senses and DIS stock is back to trading above $135 per share.There are a few reasons Disney is one of the best long-term stocks to buy if you're building a portfolio in your 30s. The first is that the company is ripe for a major comeback.Disney is a solid company with a great deal of cash behind it. That means that even in the worst-case scenario, the firm has the money to spend on building out a streaming service from scratch and weather any storms that loom over the media space in the future. The firm also pays a respectable 1.3% dividend yield that will help balance out concerns about growth due to the firm's size. Netflix (NFLX)Another player in the streaming space worth considering one of the best long-term stocks to buy is Netflix (NASDAQ:NFLX).If you missed the boat on NFLX back in 2015 when shares were trading below $50, it might be a hard pill to swallow, but NFLX is still an excellent long-term bet despite the fact that its share price is over $300 today.The reason is that Netflix still has a long growth runway before investors should start to worry about the company becoming too large to produce the kind of growth they've become accustomed to. A company like, say, Apple Inc. (NASDAQ:AAPL) has a market cap of nearly $900 billion, making it unlikely that the firm can continue to grow at the same clip over the next decade. Netflix's market cap of $150 billion leaves plenty of space for the firm to catch up to its fellow FAANG peers over the next decade. * 10 Undervalued Stocks With Breakout Potential NFLX has the growth potential to do so as well. The company has proven that it has a good grasp on the population's ever-changing tastes, and although it has been expensive, Netflix's original content has been a huge draw for subscribers. While the U.S. market has been saturated, NFLX has only just begun its international expansion, leaving a long growth runway for the next few years.Over the past two years, Netflix has been preparing for a major push overseas, and those efforts are due to pay off over the next decade. GHB Insights' head of technology research Daniel Ives said he sees Netflix international expansion opening a potential market of 700 million subscribers in the next 2 years.So, although the streaming space is certainly getting more crowded, NFLX appears to have created a winning formula that makes it one of the best long-term stocks to buy and hold on to. Procter & Gamble (PG)Procter & Gamble (NYSE:PG) is one such stock to buy that, although boring, is a buy-and-hold-until-you-retire kind of stock.As I mentioned above, risk assessment is a huge part of building your portfolio in your 30s, and although you still have plenty of time to let risky bets play out, you should be thinking about adding some low-risk, solid stocks to your portfolio that will keep ticking along as the years go by.What makes PG stock one of the best long-term stocks to buy is that the company's management has a long history of maintaining a healthy cashflow and delivering shareholder returns and its 2.90% dividend yield will provide a reliable income.Not only that but PG's widely diversified business offers investors some security in times of economic trouble. Plus, PG sells a wide variety of necessities like toothpaste and soap, which are unlikely to take much of a hit even in the case of a recession.Increased competition is definitely something to keep in mind when considering PG, but the firm's strong financial position means it has the leeway to refocus its strategy and continue thriving in difficult conditions. Exxon Mobil (XOM)If you haven't started wading back into oil and gas stocks yet, now's your chance. And Exxon Mobil (NYSE:XOM) is one of the best long-term stocks to buy for a few reasons.Now that oil prices are starting to recover, it's worth revisiting the industry. The crash in crude oil prices helped weed out weaker firms and those that survived are coming back stronger than ever with more efficient operations and better future prospects. However, worries about oversupply are still in the forefront of investors mind, which has kept the sector from becoming too expensive.First, XOM's share price is still well below its 2015 highs, giving it plenty of room for a turnaround in the coming years. XOM stock is also working on an aggressive new strategy that includes a $2 billion pipeline in the Permian Basin. The firm also sees potential opportunities in Guyana and Brazil which are expected to help XOM ramp up production significantly over the next few years.Of course, oil prices will play a major role in whether or not XOM's plans are successful, but what's nice about owning Exxon shares is the fact that the company's integrated structure means it's not a direct oil play. So, although that means XOM won't see the same kinds of gains some of its peers do if oil prices spike, that also means it won't suffer the same losses should the opposite occur. * 10 Undervalued Stocks With Breakout Potential XOM also pays out a 5.1% dividend that has been raised every year for the past 36, taking the edge off some of the risk. Walmart (WMT)Discount superstore Walmart (NYSE:WMT) is often overlooked by investors because Amazon.com (NASDAQ:AMZN) tends to be their first choice. While I don't disagree that Amazon is still one of the best long-term stocks to buy, worries about WMT's future are largely overdone.Since being scathed by the ecommerce takeover a few years ago, WMT stock has made an impressive recovery and although the firm is still facing some headwinds, it's a solid stock to buy.Judging by the company's improving e-commerce sales, it looks like Walmart is on the right track to competing against the likes of Amazon. Amazon (AMZN)You'd have to be living under a rock to not have heard all the buzz surrounding Amazon over the past few years. If you haven't jumped on the AMZN stock bandwagon yet, though, there might still be time. Of course, you'd be much better off if you'd bought Amazon stock in 2012 when it was trading at just $200 per share, but the company still is one of the best long-term stocks to buy today.It might seem counterintuitive to consider AMZN when you look at the firm's massive $895 billion market cap and the fact that the company pays absolutely no dividends. Not to mention, AMZN stock has proven to be extremely volatile. However in your 30s you've still got time, and that means there's space in your portfolio for a little bit of wiggle room if you're comfortable with it.Aside from its dominance in e-commerce, Amazon is also a top dog in cloud computing, an industry destined to grow exponentially over the next few years. On top of that, AMZN is spreading its wings in a wide variety of industries including grocery and logistics and there are even rumors that the firm is working to make its way into the healthcare space as well. * 10 Undervalued Stocks With Breakout Potential It's hard to imagine AMZN's market cap getting much larger, but 30-somethings would be remiss not to consider Amazon stock to juice up their gains over the next five or 10 years. Berkshire Hathaway (BRK.B)It would be impossible to talk about the best long-term stocks without including Berkshire Hathaway Inc. (NYSE:BRK.B), run by legendary investor Warren Buffett. Of course, if you're 30 and just picking up Berkshire Hathaway stock now, then you're about to miss the boat in terms of benefiting from Buffett's infamous investing sense. However, that doesn't make BRK.B a bad long-term pick. The company has new fund managers at the helm who've already started taking over some of the firm's investment decisions and you can't argue with the value the firm already possesses. Berkshire has a roundup of defensive stocks that will help the firm ride out troubled markets, but the firm will also keep up with upward market trends. If nothing else, Berkshire stock is a great stabilizer that will round out your portfolio and mitigate against major market events making it one of the best long-term stocks 30-something crowd. Unilever (UN)Another consumer products stock to add to your list of the best long-term stocks is Unilever (NYSE:UN). The company has become massively efficient after undergoing major cost-cutting initiatives over the past few years in order to better compete as the industry became more and more competitive.That bodes well for the future because it means the company will be well prepared in the event of a recession, not to mention that the company sells a wide variety of basic necessities, which tend to continue selling even when purse strings are tight. * 10 Undervalued Stocks With Breakout Potential Another reason UN makes for a good stock to buy is the firm's presence in emerging markets. In 2017, more than half of the company's reported sales came from emerging markets. The company's huge footprint within emerging markets sets it apart from its peers because it creates a great long-term growth runway that others don't have access to. Microsoft (MSFT)Another steady-stock to buy in your 30s is Microsoft (NASDAQ:MSFT). Like a few others on this list, MSFT stock isn't exactly the most exciting stock, but it will do its job and make you some money. Unlike others in the IT industry, MSTF is mature which, in this case, translates to stability rather than falling out of touch with what consumers want. Right now MSFT is working to pivot away from its traditional software business and focusing on growth in its cloud business, which includes subscriptions like Office 365 as well as Azure, Microsoft's answer to Amazon Web Services. Growth in that arm of MSFT's business has been strong. With a P/E of 27 and a dividend yield of just 1.33%, there's no doubting that MSFT is an expensive stock, but you're paying a premium for a well run, solid business that has and will continue to withstand the test of time. Waste Management (WM)It's all well and good to invest in the next hot tech trend or retail story, but if you really want to make a play on future trends then look no further than Waste Management (NYSE:WM), the company that handles everyone's garbage. One thing is for certain, over the next few decades people are going to generate waste, and WM will be there to dispose of it. That makes it one of the best long-term stocks to buy.Not only does WM have a wide moat because of the regulatory permits it holds and its huge network of landfills, but the firm has also diversified its business to offer more than just waste collection and landfill maintenance. Waste Management also handles recycling and has been developing a way to turn landfill gas into energy. That means that as greener living continues to gain traction, WM will benefit as well. * 5 Stocks to Buy With High-Margin Recurring Revenue However, perhaps the most alluring reason to add WM stock to your portfolio is the firm's 1.7% dividend yield. The company has been raising its dividend annually for the past 15 years and there's no reason to expect that to stop anytime soon.As of this writing, Laura Hoy was long AMZN, AAPL, UN and NFLX. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever appeared first on InvestorPlace.
Disney whistleblower news is coming out about the company allegedly overstating its revenue.Source: Shutterstock The person behind this Disney (NYSE:DIS) news is Sandra Kuba. Kuba is a former senior financial analyst that worked at the company for 18 years before being fired in 2017. According to her, the company has been overstating its revenue for years.One example that the Disney whistleblower brings up is its revenue in 2009. She claims that the company overstated this by roughly $6 billion. For comparison, DIS reported revenue of $10.60 billion during that year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAccording to the Disney whistleblower, she has known about the issue for years. Over this time, she has allegedly tried to bring it up to management, but her complaints have gone nowhere. Now that she no longer works for the company, she is taking her claims to the U.S. Securities and Exchange Commission (SEC).Kuba's claims have caught the interest of the SEC and it is looking into the matter. The agency has already asked for additional information from the Disney whistleblower. That may be a bad sign for Disney as many claims are made each year and most don't get far enough to warrant additional details, reports MarketWatch. * 10 Undervalued Stocks With Breakout Potential The recent Disney whistleblower news has had DIS stock on the move today. The stock started out down 1% from its closing price on Monday. However, it has recovered from this drop and is now up slightly as of the afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy As of this writing, William White did not hold a position in any of the aforementioned securities.The post Disney Whistleblower 2019: What a Former DIS Employee Told the SEC appeared first on InvestorPlace.
(Bloomberg Opinion) -- Get ready, TV fans, because the next few months are going to be wild. Apple Inc., AT&T Inc., Netflix Inc. and Walt Disney Co. are spending billions of dollars on so much new streaming content that there will be little reason to leave your couch this winter – or to keep your cable subscription.Apple gave a taste yesterday of what it’s been working on by releasing a trailer for “The Morning Show,” an original series that looks so good it could easily be mistaken for an HBO production. With an all-star cast led by Jennifer Aniston, Reese Witherspoon and Steve Carell, Apple is said to be spending $300 million alone for the first two seasons. The company has committed a whopping $6 billion overall to produce original shows and movies, according to the Financial Times, which would match what Netflix spent in 2017 and would also be in the same ballpark as Amazon.com Inc.’s expected content investment for this year. Other outlets have disputed that Apple’s budget is quite so large. Either way, it’s clear the iPhone maker is serious about streaming. The Apple TV+ and Disney+ video-on-demand apps will both be available by mid-November, followed by AT&T’s HBO Max product. They are game-changers for the pay-TV industry, already littered with live-TV streaming products from Sling TV to YouTube TV.Disney has spent about $15 million per episode to make “The Mandalorian,” a live-action “Star Wars” series that will serve as the flagship of Disney+, according to the Wall Street Journal. That’s about $120 million for the first season, which isn’t far from what Disney shelled out for “Captain Marvel,” the third-biggest movie of the year in terms of U.S. box-office ticket sales. The company expects to invest more than $1 billion in original content for the app next year and another roughly $1 billion for licensed content. These streaming wars are risky. Studio owners generally have a sense of what a TV program could deliver in advertising revenue and how large of a theater audience a film might draw. But Disney+ will charge just $7 a month and contain no ads. The company is betting it can build a large enough customer base so that all these pricey investments that have shareholders wincing right now will pay off some day.In the Apple TV trailer above, Aniston’s character at one point says, “I just need to be able to control the narrative so that I am not written out of it.” It struck me as funny because that’s exactly what Disney and its peers are trying to do as they flood the market with content and turn a blind eye to the cost. Disney predicts it will have 60 million to 90 million Disney+ subscribers globally by the end of fiscal 2024, when the app finally begins making money. Analysts see Apple TV+ topping 100 million in the next five years, according to Bloomberg News. While both are starting from zero, they do have the advantage of strong, far-reaching customer relationships – Disney through its movies and theme parks, and Apple by physically being in most of our pockets already. Netflix is protecting its turf by lighting it on fire. It’s projected to spend about $15 billion for in-house and licensed content this year while burning $3 billion of free cash flow. The company paid $100 million just to keep “Friends” on its platform through 2019. Even though the sitcom hasn’t aired new episodes in more than 15 years, it’s the second-most-watched program on Netflix. After this year, AT&T is reclaiming the rights to the show for its HBO Max product.A little over a year ago, Casey Bloys, HBO’s programming chief, referred to such spending as “irrational exuberance.” But then earlier this year, his boss, HBO Chairman Richard Plepler, left the company in a shake-up by its new parent AT&T. HBO is now ramping up its production slate to reduce churn, or the rate at which bored subscribers are canceling, and HBO Max is reportedly paying $425 million to carry “Friends” for five years starting in 2020. Likewise, the Wall Street Journal reported that Comcast Corp.’s NBCUniversal has its own $500 million five-year exclusive rights deal for “The Office,” the No. 1 show on Netflix. There is a potential fallacy in the companies’ thinking around these lavish deals: What if Netflix subscribers were streaming “Friends” and “The Office” for hours on end simply for background noise, something to mindlessly tune in and out of as they scrolled Instagram or did chores? In that case, perhaps users won’t necessarily miss those specific shows and won’t switch to other services at a rate that would come close to justifying nearly $1 billion for two old sitcoms. In any case, I keep writing about the frustration of needing to pay for and toggle between numerous apps just to access all your favorite content and the confusion that comes with doing so. It’s only going to get worse once Apple TV+, Disney+ and HBO Max launch. But at least there will be no shortage of stuff to watch, and with all this money being thrown around, you know it’ll be good. To contact the author of this story: Tara Lachapelle at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering deals, Berkshire Hathaway Inc., media and telecommunications. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Netflix stock flattened out since January. That helped in the stock market correction. But can it regain its former leadership now that we have an uptrend?
Global media and entertainment giant Walt Disney Co (NYSE: DIS ) faces two near-term headwinds, and the stock now has upside potential of less than 4%, according to Imperial Capital. The Analyst David ...
According to several reports, Apple (AAPL) will launch its subscription service, Apple TV+, in November for a monthly price of $9.99.
A former Walt Disney accountant says she filed a series of whistleblower tips with the Securities and Exchange Commission alleging the company has materially overstated revenue for years. Disney denied the allegations.
Since early June, the Walt Disney Co. has announced more than 175 layoffs at its Twentieth Century Fox Film Corp. unit.