144.87 -0.19 (-0.13%)
Pre-Market: 9:27AM EDT
|Bid||144.87 x 800|
|Ask||144.99 x 800|
|Day's Range||143.97 - 145.36|
|52 Week Range||100.35 - 145.43|
|Beta (3Y Monthly)||0.70|
|PE Ratio (TTM)||16.23|
|Earnings Date||Aug 6, 2019|
|Forward Dividend & Yield||1.76 (1.21%)|
|1y Target Est||151.65|
The looming merger in big entertainment seemingly has a deadline, and a big reason for a marijuana stock's quarterly loss is revealed.
Abigail Disney said distressed workers told her about “foraging for food in other people’s garbage.”
Netflix (NFLX), the cable killer, is continuing its tear with subscription growth appearing to be proliferating to no end, although Disney's (DIS) Disney+ video streaming platform has some investors nervous.
With Q2's Netflix earnings just around the corner, here's what you can expect from the online streaming giant and the broader streaming space.
U.S. equities continue to show an upward bias on Monday, with the S&P 500 holding above the 3,000 level while the Dow Jones Industrial Average remains north of the 27,000 level. Impressive gains all around as Wall Street continues to look past things like uneven economic data and an inverted yield curve to focus instead on the dovish policy pivot by the Federal Reserve and the likelihood of interest rate cuts later this year. A number of mega-cap components in the Dow are perking up nicely and still present attractive entry points for buyers on the sidelines looking to get into the action. The early action in many of the names seems predicated on a thawing of U.S.-China trade relations later this year. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond With all of that in mind, here are five Dow Jones stocks to consider: InvestorPlace - Stock Market News, Stock Advice & Trading Tips Caterpillar (CAT) Click to EnlargeShares of heavy equipment maker Caterpillar (NYSE:CAT) are extending further away from its 200-day moving average to close in on the prior high set back in April. A breakout here would put an end to a long downtrend pattern going back to January 2018 and would set the stage for a challenge on the prior record high near $170, which would be worth a gain of more than 21% from here. The company will next report results on July 24 before the bell. Analysts are looking for earnings of $3.12 per share on revenues of $14.5 billion. When the company last reported on April 24, earnings of $2.94 beat estimates by 8 cents on a 4.7% rise in revenues. Disney (DIS) Click to EnlargeDisney (NYSE:DIS) shares keep marching higher, pushing to new records as it exits a multi-year funk. The opening of the new Galaxy's Edge theme park area as well as the approach of the release of the latest Star Wars movie has investors excited about ticket sales and merchandising revenue heading into the holiday shopping season. * 7 Services Stocks to Buy for the Rest of 2019 The company will next report results on Aug. 6 after the close. Analysts are looking for earnings of $1.76 per share on revenues of $21.5 billion. When the company last reported on May 8, earnings of $1.61 per share beat estimates by 4 cents on a 2.6% rise in revenues. Goldman Sachs (GS) Click to EnlargeShares of Goldman Sachs (NYSE:GS) are pushing away from a consolidation range going back to last fall with an extension away from its 200-day moving average. The stock is benefiting from expectations of easier policy from the Federal Reserve later this year, which would bolster long-term interest rates and help with net interest margins. Watch for a run at the mid-2018 highs near $240, which would be worth a gain of more than 14% from here. The company will next report results on July 16 before the bell. Analysts are looking for earnings of $4.82 per share on revenues of $8.6 billion. When the company last reported on April 15, earnings of $5.71 beat estimates by 69 cents on a 12.6% decline in revenues. Home Depot (HD) Click to EnlargeHome Depot (NYSE:HD) shares are enjoying an extended rally off of their 200-day moving average, setting up a run to new record highs after breaking up and over old resistance near the $210 a share level. Falling long-term interest rates could help the housing market enjoy another surge of activity after a lack of affordability dampened activity last summer. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The company will next report results on Aug. 20 before the bell. Analysts are looking for earnings of $3.09 per share on revenues of $30.9 billion. When the company last reported on May 21, earnings of $2.27 beat estimates by 8 cents on a 5.7% rise in revenues. Intel (INTC) Click to EnlargeIntel (NASDAQ:INTC) shares are breaking up and out of resistance from their 200-day moving average to end a two-month funk and close in on the gap down range near $55. Such a move would be worth a gain of 10% from here. Remember that semiconductors are the raw materials that the modern economy runs on, with pretty much every device containing processing power of some type these days. A turnaround in economic activity, spurred by easier money, will benefit chipmakers like Intel. The company will next report results on July 25 after the close. Analysts are looking for earnings of 88 cents per share on revenues of $15.6 billion. When the company last reported on April 25, earnings of 89 cents per share beat estimates by 2 cents on $16 billion in revenues. As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post 5 Dow Jones Stocks to Buy Now appeared first on InvestorPlace.
Walt Disney World Resort has an opening date for its Skyliner service. Visitors to the company's Florida theme parks and resorts will be able to ride the system starting Sept. 29, the company announced. The Skyliner is a gondola-based transportation system that will connect Disney's Hollywood Studios and Epcot theme parks to Disney's Art of Animation Resort, Disney's Pop Century Resort, Disney's Caribbean Beach Resort and the future Disney's Riviera Resort, which will open this December.
Walt Disney Co has taken a high-tech route to remake animated classic "The Lion King" with the look of a nature documentary, an update it hopes will lure audiences to a new version of a film considered a masterpiece the first time. The re-telling of the 1994 tale about the lion cub Simba, which opens in theaters around the world this week, was created with computer animation, gaming technology and virtual reality, plus live-action filmmaking techniques, director Jon Favreau said. The goal was to provide a "photo-real" look for expressive animals and African vistas, Favreau said.
“Spider-Man: Far From Home” was No. 1 at the domestic box office again this past weekend, but two new counterprogramming movies failed to generate much heat. The Sony (NYSE: SNE) Spidey flick added another estimated $45 million to its North American coffers for a new total of $275 million. “Toy Story 4” was runner-up with an estimated $21 million, bringing the Walt Disney Co. animated adventure’s domestic total to $346 million and $771 million globally.
National Geographic joins Disney’s D23 Expo show floor for the first time, delivering unique experiences that inspire curiosity and exploration for fans of all ages. From free solo climbing to the top of El Capitan to exploring the “why” behind the “wow” behind our gray matter, National Geographic will immerse fans in adventure, ignite their curiosities about the world, and surprise them with stories unlike any they’ve seen before, harnessing the spirit of the iconic yellow border. For the first time at D23 Expo, guests will engage with National Geographic’s wildly popular series, talent, explorers, and some very special guests—cuddly four-legged friends! National Geographic will also be supporting its Disney+ originals at D23 Expo.
Netflix (NASDAQ:NFLX) reports its second-quarter earnings on Wednesday after the bell. Since the last report, investors now have more insight as to the competitive situation currently faced by holders of NFLX stock.The move by Disney (NYSE:DIS) to take full control of Hulu leaves Netflix with a competitor on more fronts. Moreover, a new attitude toward content development shows increasing caution.Source: Shutterstock For now, this has had little effect on NFLX stock as it trades near all-time highs. Still, with the competitive landscape changing for the worse, one has to wonder if NFLX can continue to achieve new highs.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dependable Dividend Stocks to Buy Given this uncertainty, investors should consider staying out of Netflix stock going into earnings. Watch for Both Earnings and GuidanceWall Street predicts the video streaming service will report earnings of 56 cents per share. If this number holds, it will represent a 34% decline from the same quarter last year. NFLX earned 85 cents per share in the second quarter of 2018. However, investors need to know that one-time charges affected profits in this quarter. For revenues, analysts forecast an increase of 26.3%, assuming that number meets the predicted $4.93 billion. The company brought in $3.91 billion in the same quarter last year.However, investors should also pay attention to forward guidance, primarily because its business environment will quickly become more competitive. As a result, events seem to signal retrenchment at Netflix. The company will soon lose content from Disney as Disney+ launches on November 12. With Hulu, the competition from Disney will now affect Netflix with both child and adult-oriented programming. Waning Euphoria Could Hurt Netflix StockMoreover, Netflix has decided to pull back on its own content development, or at least become more selective. From a financial point of view, one might see this as a positive for Netflix. This makes it less likely the company will fund more expensive flops. Understandably, the company wants to avoid repeating a $200 million mistake like "Marco Polo," or the $115 million disappointment that was "Triple Frontier."However, the unbridled optimism helped to take Netflix stock to its trailing price-to-earnings (PE) ratio of 104. Analysts expect average annual earnings growth of 49% per year for the next five years. This has helped elevate the PE ratio. However, with less optimism to fuel a higher multiple, NFLX stock could easily see multiple compression as a result.The dominance Netflix enjoyed in the streaming industry also influenced the multiple. The moves by Disney threaten that industry leadership. Also, Comcast (NASDAQ:CMCSA), Amazon (NASDAQ:AMZN), and AT&T's (NYSE:T) WarnerMedia have rolled out appealing alternatives. Further, products such as the streaming box offered by Roku (NASDAQ:ROKU) allow viewers to easily switch between streaming services.Also, the NFLX stock price may have reached an inflection point. NFLX recovered quickly from the December slump. However, it had twice pulled back when the price approached $400 per share. With the current price of around $365 per share, this could leave little room for growth. The Bottom Line on NFLX StockBoth the price action and the competitive developments in recent months could bode poorly for NFLX stock. For most of the decade, NFLX surged higher as it displaced both video stores and increasingly, cable and satellite TV to dominate the streaming industry.Companies like Disney, Comcast, and AT&T have responded with alternative streaming services. Also, the increasingly cautious attitude on content development could help to kill the euphoria that drove NFLX stock to triple-digit PE ratios.At Netflix's current price, investors must also contend with the inability for NFLX stock to stay above $400 per share. Not only must the company beat earnings and revenue estimates, but it must also impress Wall Street by issuing more positive guidance. Given these conditions, investors may have to worry as much about beating multiple compression as they do about exceeding estimates.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Time to Turn Cautious on Netflix Stock as Company Announces Earnings appeared first on InvestorPlace.
Walt Disney (NYSE:DIS) stock had been consolidating for years near the $100 mark. Last quarter, though, Disney stock finally broke out, as DIS has been delivering on various fronts. As a result, the owners of DIS stock are now looking toward the future, rather than at the rear-view mirror.Source: Shutterstock Disney's success has also brought DIS stock to the attention of many new investors who are considering a position in the name. Let's have a look at some pros and cons of Disney stock. * 5 EV Stocks to Buy for Big Gains Over the Next Decade Streaming Into the FutureThe first pro of Disney stock is the company's foray into streaming. While DIS didn't intend to end up controlling Hulu, that's exactly what has happened. Hulu is not a close competitor of Netflix (NASDAQ:NFLX), although Hulu TV is a close competitor of Alphabet's (NASDAQ:GOOGL, NASDAQ:GOOG) YouTube TV.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, because of Disney's ESPN+ streaming-sports platform and its upcoming streaming- entertainment platform, Disney+, bundling could propel Disney toward the top of the streaming world.Consumers are clamoring for Disney+, as it will be a hit for those who have kids and are looking for top-line entertainment. As Friends and The Office --Netflix's top two shows -- leave the platform in 2020, and with Disney+ and other options coming online, bundling may help DIS win over customers looking for new or added services, boosting Disney stock price in the process.Disney's streaming business will not be profitable at first, but it should drive bottom-line gains for the company in the future. giving Disney stock price a positive catalyst. Disney's Diversified LineupAs attractive as Netflix is, with its multi-billion free-cash flow deficit, it's not quite as well-rounded as Disney.Sarcasm aside, Disney's studio, theme parks and networks have kept its bottom line humming right along. Its diversification is another pro to consider. Imagine how attractive Netflix stock would be if NFLX had other profitable businesses under its umbrella to help absorb the costs of building a world-leading content-streaming platform.Meanwhile, Disney's movie-studio business is pumping out blockbuster hit after blockbuster hit. Captain Marvel, Avengers, Aladdin and Toy Story 4 have all done incredibly well this year, while Lion King is set to hit theaters on July 19. And Frozen 2 and another Star Wars film are due to arrive later this year.Add that to the company's theme parks unit and its still-profitable TV networks , and Disney stock is supported by a very strong company. Trading Disney Stock Click to EnlargeThis third point is both a pro and a con.Disney stock price spent years consolidating before bursting higher. In mid-2015, DIS stock hit $115. Almost four years later, in the first quarter of 2019, that level was still acting as resistance. It wasn't until early April, when Disney unveiled its streaming plans, that Disney stock price rocketed above $115.The stock consolidated nicely for a few months before resuming its climb, hitting a new all-time high on Friday.If the markets can hold up, I would imagine sentiment towards DIS stock will remain quite bullish heading into Disney's earnings in August. On the weekly chart above, you can see also see that the 10-week moving average is guiding DIS stock price higher. DIS stock looks poised to have continued momentum over the next 12 to 24 months, making it quite attractive from a technical perspective.So what's the negative aspect of the charts?Many investors feel that they've missed the boat on Disney stock. After all, Disney stock price has gone from $110 to almost $145 very quickly, relative to the history of Disney stock price. And with the shares up more than 35% so far on the year. many investors feel like they've missed the bulk of the gains of DIS stock.It's true that the so-called "easy money" is gone now, and nothing short of a big pullback of DIS stock will bring it back. Those willing to wait out the turbulence of Disney stock and its potential sluggish action in the short- to intermediate-term should be rewarded, though. Profit Growth and ValuationThis last section is a two-part con, consisting of growth and valuation.While Disney has a great,diversified business and is propelling itself into the future with various streaming platforms, it doesn't have the most attractive earnings growth or valuation.The shares trade at about 22 times analysts' consensus 2019 earnings per share estimate, which is far from nauseating on its own. But considering that average estimates call for a 7.6% decline in EPS this year and another 1% fall in 2020, some investors may feel that DIS stock's valuation should not be above average levels. Further, the stock has a dividend yield of just 1.2%.On the plus side, analysts, on average. are calling for 20% revenue growth this year and 18% growth in 2020. If Disney's revenue is expected to grow so much, why are analysts predicting that its earnings will drop?The answer is that building streaming platforms and investing in theme-park overhauls are not cheap But thanks to Disney's popular movies and its other successful businesses, its ballooning revenue is largely offsetting those costs. Once its streaming business starts picking up, the company's bottom line should accelerate, too.While I love the company and its decision to invest in its longer-term future, it would be foolish not to point out the fact that its earnings are expected to decline and that its stock has an above-market valuation. That said, I am bullish overall on DIS stock.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long GOOGL and DIS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post 3 Pros, 3 Cons on Disney Stock appeared first on InvestorPlace.
In the daily bar chart of DIS, below, we can see that prices have worked higher since late March. Prices are above the cresting 50-day moving average line. The On-Balance-Volume (OBV) line made a new high for the move up this month to confirm the price gains.
There's bound to be a lot of changes, both big and small, at 21st Century Fox now that Disney's acquisition of the media giant is completed. One of those is the shutdown of FX Networks' Plus subscription service, which it launched with Comcast back in 2017. FX+ offers on-demand and ad-free streaming of the network's shows, including American Horror Story , The Shield and Sons of Anarchy , for $6 a month. According to the notice posted on the FX+ website , it will no longer be available by August 21st, 2019 and members only have until August 20th to enjoy the service.
The gathering of media, tech and industry heavyweights at the Allen and Company 36th annual event in Sun Valley Idaho was as notable this year for the absences as the attendance of established business leaders. The event in past years attracted high-profile media industry figures who have since been brought down by accusations of sexual predation, including Les Moonves, the former CBS chief executive, and New England Patriots owner Robert Kraft, as well as producer Harvey Weinstein. This year, the photo gallery of attendees was led by stalwart business figures such as Doug McMillon, Walmart chief executive, James Quincey, the Coca-Cola chief executive, Mary Barra, the GM chief executive, Tim Cook, the Apple chief executive, Hans Vestberg, Verizon chief executive, Ginni Rometty, the IBM chief executive, Brian Roberts, the Comcast chief executive, and Abigail Johnson, the Fidelity chief executive.
Gabelli, a Barron’s Roundtable panelist and the CEO of Gamco Investors, likes Navistar, Liberty Braves Group, and more. Why Trump and China will come to an agreement.
Netflix (NASDAQ: NFLX) continues to trend towards yearly highs, ahead of its earnings report on July 17, after the market closes. There still are some exciting days ahead for Netflix stock.Source: Shutterstock And why not? Neither valuations nor debt levels matter because the streaming giant is buying up quality content to grow subscriptions.So long as subscriptions climb higher globally, investors should keep accumulating Netflix stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Competition Heats UpThe Walt Disney Company (NYSE: DIS) announced in April its own streaming service, Disney+. Yesterday, ahead of the announcement of its upcoming streaming service, AT&T (NYSE: T) pulled "Friends" from Netflix.Competitors are desperately rushing to bulk up its content to attract subscribers. Traders yawned after the news. The stock barely fell at all in recent months other than testing the $340 level at the 200-day moving average.Netflix stock closed recently at $381.Netflix investors are betting that HBO Max, which launches in the spring of 2020 will not lure its subscribers away. Similarly, Disney may have a rich library of old cartoons and movies but it, too, may fail to beat Netflix.The late entry by these firms suggests both Disney and AT&T will need to suffer losses for a few quarters at the very least. It needs to beat Netflix on subscription rates to take Netflix's market share.Fortunately, Netflix has a number of great TV hits. Stranger Things, The Crown, Orange is the New Black, and Black Mirror are only a few solid shows subscribers may enjoy.On the movie front, I am Mother and Roma are some titles available on the service. At worst, Netflix subscribers may sign up for HBO Max or Disney+ concurrently. And when they realize that Netflix is still the better option, they may cancel the second subscription. RisksDespite my confidence for Netflix holding up against the competitors, AT&T could stand a chance in growing and taking market share. With Friends and the DC Universe service rolled together, HBO Max could prove successful.It has to be. AT&T delayed its streaming service until next year and has no room for a botched release.NBCUniversal will yank The Office from Netflix in 2021 and Comcast (NASDAQ: CMCSA) will bring it back to its own streaming services. Though this service is another competitive threat for Netflix, Netflix subscribers could binge watch the show before it is removed.If that happens, the viewership for the show will fall when Comcast takes it back. Growth OpportunitiesNetflix's record-breaking Season 3 of Stranger Things signals more things to come. 40.7 million households watched the third season while 18 million watched the entire season.Subscribers may very well keep paying the monthly rate as they wait for Netflix to release the fourth season.Netflix's global expansion continues to find success. The company is finding that the longer it has been in a territory like Europe, the better it understands its audience.In the upcoming earnings report, investors may safely expect the company to report continued strength from global subscriptions growth.In Q1/2019, Netflix benefited from scaling its business. Content and marketing spend grew at a slower pace than revenue, lifting margins.Growing awareness for its brand and for hit shows like Stranger Things should lead to profit margin growth in the upcoming earnings report. Needless to say, a strong subscriber growth number will send Netflix back to yearly highs, if not new yearly highs.Netflix forecast a 7% year-over-year growth in subscribers in the second quarter. Growth is more concentrated internationally, while price changes in the U.S. could slow the addition of new subscriptions. Still, the higher prices should help add to profitability. Valuation and Your Takeaway on Netflix StockNetflix's increasing rate of growth in international subscribers is what will get investors excited. It also makes the $419 price target, or an upside of 10%, seem too conservative a valuation.Source: BusinessQuantConservative investors may prefer to wait for the stock to re-test the $340 - $360 low. A subscriptions growth rate miss might just send the stock lower. But if Netflix crushes estimates again, the stock may not end up dipping.Disclosure: As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post Netflix Stock Might Have Plenty of Upside Ahead Earnings appeared first on InvestorPlace.
It's time to get technical at the YFi Interactive touch screen. Joining Yahoo Finance's Myles Udland is Jared Blikre to break down today's moves in stocks (notching record highs), as well as tracking the relative performance of the Dow Transportation Index, regional banks and the Russell 2000.
Heiress of the Disney fortune, Abigail Disney, continues to call out Walt Disney Co. CEO Bob Iger for his nearly $66 million yearly salary. Human rights activist and host of Yahoo News "Through Her Eyes" Zainab Salbi joins Yahoo Finance's YFi AM to discuss her sit-down interview with the heiress.