|Bid||0.00 x 1400|
|Ask||0.00 x 800|
|Day's Range||29.53 - 30.71|
|52 Week Range||20.60 - 34.89|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||41.49|
|Earnings Date||May 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||34.63|
Discovery (DISCA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Just one day after stocks logged their best-ever close, the bulls backed down. By the time the closing bell rang, the S&P 500 had fallen 0.22% to end the session at 2,927.25, almost closing at its low for the day.Source: Allan Ajifo via Wikimedia (Modified)AT&T (NYSE:T) did a great deal of that damage, falling a little more than 4% after first-quarter numbers fell short of expectations. Its TV business was a particularly sore spot, though its wireless arm wasn't exactly stellar last quarter either. Snap (NYSE:SNAP) technically lost more ground though, ending the day down a bit more than 6% after surging in response to a surprisingly progressive first quarter.There were some winners, albeit few and far between. Anadarko Petroleum (NYSE:APC) rallied another 11% after Occidental Petroleum (NYSE:OXY) made a bid that topped the previous acquisition offer from Chevron (NYSE:CVX).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 10 Best Cheap Stocks to Buy Right Now The indecisive environment means traders would be wise to choose prospects carefully and pick names from both sides of the bullish/bearish fence. The stock charts of Norfolk Southern (NYSE:NSC), Bristol-Myers Squibb (NYSE:BMY) and Discovery Communications (NASDAQ:DISCA) make for a good place to start that open-minded search. Discovery Communications (DISCA)Just a few weeks ago, Discovery Communications shares were in fairly serious trouble. Resistance had been met multiple times at multiple moving average lines, and a so-called 'death cross' had taken shape. The stock was just one bad day away from a meltdown.That disaster has been avoided though. In fact, the rebound effort from two weeks ago has been confirmed and strengthened this week by virtue of support provided by a couple of those key moving average lines. Click to Enlarge * The confirmation of the new uptrend is yesterday's brush of the white 200-day moving average line. DISCA stock only had to kiss it to surge higher, renewing the cross above the long-term line in early April. * The weekly chart puts matters in more perspective. Although erratic, the rally that got going in March was spurred by a fresh encounter with a support line that tags all the key lows going back to late 2017. * As tempting as it may be to want to use a prior peak as a potential ceiling, or upside target, this may not be a case where those levels serve as reliable, or even likely, stopping points for any advance. Norfolk Southern (NSC)Railroad name Norfolk Southern had a terrific run from its late-December lows, outpacing most other stocks. All good things must come to an end though, and a couple of red flags started to wave for NSC stock yesterday. * 10 Monster Growth Stocks to Buy for 2019 and Beyond Click to Enlarge * The shape of Tuesday's bar is telling. The open and close near the low of a relatively tall bar suggests an intraday transition from a net-buying to a net-selling environment. * Bolstering the bearish case here is the gap left behind by yesterday's jump. Generally speaking, gaps tend to get filled in. In this case, the sheer size of the four-month rally adds weight. * Zooming out to the weekly chart we can see Norfolk Southern shares kissed a long-established resistance line on Wednesday, becoming overbought, as highlighted by the RSI's move above 70. Bristol-Myers Squibb (BMY)When we last looked at Bristol-Myers Squibb back on April 8, it was trying to move lower, but had thus far been unable to push under a technical support level around $46.That's no longer the case, though there's a new support line now in play. Even so, the backdrop suggests there's already a great deal of bearish momentum in place. If the current technical floor breaks, there's nothing left to stop the next round of selloffs. Click to Enlarge * While the previous floor around $46, marked with a yellow dashed line on both stock charts, is broken, the current one at $44.31 marked with a red dashed line is nothing to dismiss. * While not yet under a major floor, note the swell of selling volume seen since March. This is a new development; the more the stock slumps, the more investors trickle out. * Even if support around $44.31 breaks, it's likely we'll continue to see some wide ebbs and flows that make for nice swing-trading opportunities.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks That Could Double Over the Next Five Years * 6 S&P 500 Stocks Ready to Break Out * 5 Mining ETFs to Dig Into Compare Brokers The post 3 Big Stock Charts for Thursday: Discovery, Norfolk Southern and Bristol-Myers Squibb appeared first on InvestorPlace.
Buying the rumor, selling the news can have you buying the sizzle and missing the steak. Walt Disney (NYSE:DIS) broke out of its trading range April 11 and is up almost $20 per share since then, closing April 25 at $133.36.Source: Shutterstock There was no news. The acquisition of parts of 20th Century Fox assets had closed in March.What caused the run-up was an "Investor Day," essentially a sales presentation, where Disney executives touted their coming launch of Disney+, a streaming service it will launch in November at $6.99 per month.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis is the second streaming launch by Disney. It follows last year's ESPN+, a $5-per-month sport service that has since drawn over 2 million customers. That sounds like a great solution to cable cord-cutting, until you realize that ESPN's cable services draw $9 per month whether people watch or not. The Math is Tough for DIS StockSelling something for $5 per month after losing that business at $9 per month is not usually considered good business. * 7 Dividend Stocks That Could Double Over the Next Five Years The assumption of Disney bulls is that, once customers become accustomed to ESPN+ (or Disney+ for that matter) the company will be able to push through price hikes, as Netflix (NASDAQ:NFLX) has done, and that the "direct relationship" with the customer (as opposed to going through a cable "reseller") will prove enormously profitable.There are a lot of caveats in that last sentence. As my late mother would say, "If ifs and buts were candy and nuts we'd have a Merry Christmas."As industry journal Variety noted last year, the math here is hard. Disney's entertainment channels draw about $2 per month from cable subscriptions, and those numbers have also been dropping, by 3 million per year. (Disney Channel had 89 million subscribers last year.)A consumer cutting their cable cord costs Disney about $11 per month, and these numbers are dropping by about 2 million each year. To make up its losses in cable, Disney must get nearly all these customers to buy both its streaming packages. And streaming services also cost money to operate, both in delivering programs and billing customers. The Disney DebtDisney is also taking on enormous debt in buying the Fox assets. The total debt figure won't be available until Disney reports earnings on May 8, where $1.58 per share of net income on $14.58 billion of revenue is expected.Before the Fox transaction closed, Disney had a debt-to-equity ratio of about 55% and was considered to have above-average leverage. The total cost of the Fox assets is $85 billion, including $13.7 billion in Fox debt.I'm not arguing that Disney was wrong to go after Fox, or wrong to go into streaming. Stocks in companies that haven't made moves like this, such as Viacom (NASDAQ:VIAB), CBS (NYSE:CBS) and Discovery Networks (NASDAQ:DISCA), have done just as well as Disney this year only because they're seen as acquisition targets. Although with Comcast (NASDAQ:CMCSA) and AT&T (NYSE:T) now loaded with debt, as well as Disney, who's going to buy them? Amazon (NASDAQ:AMZN)? Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL)? Apple (NASDAQ:AAPL)?Personally if I were Apple CEO Tim Cook, with a market cap of $958 billion, I'd be more likely to buy Disney, with its $234 billion market cap, than any of those others. The Bottom LineNetflix has shown that it's possible to build a scaled, successful streaming business with pricing power. In the first quarter alone, it added 9.6 million subscribers, despite hiking prices. It now has 146.86 million subscribers and expects to add another 5 million in the current quarter.Meanwhile Disney is bragging about getting 2 million ESPN+ subscribers, and has yet to launch Disney+, while it digests the debt from the Fox deal.Disney's big plans may work, but right now they're just plans. Over the last three months Disney stock is up 22%, Netflix 15%. The numbers tell me that Disney, not Netflix, is the speculative play.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN and AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks That Could Double Over the Next Five Years * 6 S&P 500 Stocks Ready to Break Out * 5 Mining ETFs to Dig Into Compare Brokers The post Piling Into Disney Stock Before Anything Happens appeared first on InvestorPlace.
Nothing frustrates investors more than companies failing to deliver for shareholders but managing to pay the CEO of those companies a King's ransom.On April 18, I covered 7 Companies That Are Closing the CEO-Worker Wage Gap in America. These are the kind of companies I like to write about. The ones that aren't sacrificing the financial happiness of the rank-and-file employees to keep the chief executives in a lavish lifestyle. The reality is that companies who pay their CEO significantly more than the salaries of the workers tend to experience poor shareholder returns. A recent study reported by Bloomberg and quoted in my previous article showed that the 100 S&P 500 companies with the lowest CEO pay outperformed the 100 with the highest by more than double between 2008 and 2018. InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo, whether you want to focus on the seven companies who've paid their CEOs outrageous sums in relation to the average employee or just the seven that have spent too much, the names in this article have unacceptable CEO-Worker wage gaps. * 10 Stocks to Sell Before They Give Back 2019 Gains Ultimately, this skewing of compensation will result in their stock's demise. American International Group (AIG)Source: Eflon via Flickr (Modified)Pay Ratio: 697:1Earning almost 700 times American International Group's (NYSE:AIG) median pay of $64,186, CEO Brian Duperreault is doing alright for himself. The company will argue that the CEO's 2017 pay was only that high because it had to pay $12 million to Duperreault to make up for the unvested equity awards he left behind when joining the insurance company in May 2017. Assuming the median pay at AIG didn't move much in 2018, Duperreault made a more pedestrian $16 million this past year or 249 times the average employee. How's AIG stock done since Duperreault was hired in 2017?AIG stock is down 21.5% in the 23 months since. If AIG doesn't get going soon, 249 times the median pay is going to appear more outrageous than it already is. CBS (CBS)Source: Shutterstock Pay Ratio: 595:1Once upon a time, former CBS (NYSE:CBS) CEO Les Moonves was considered a bit of a CEO celebrity, having turned the network into a TV powerhouse. And then the sexual harassment claims came out that painted the picture of a lecherous man using his power to hit on women. CBS investigators interviewed as many as 300 people about Moonves last December as part of its investigation into Moonves' actions and whether they breached the CEO's employment contract. The company found that they did, terminating him with cause and withholding Moonves' $120 million severance package. However, don't feel bad for the man. Between 2016-2018, Moonves made $186 million in total compensation over those three years, an average of $62 million -- 531 times the company's very high median pay of $116,654. CBS employees aren't exactly starving and yet they still made considerably less than Moonves over those three years. In that same period, CBS stock went sideways, delivering annual total returns of 36%, -6%, and -25% in 2016, 2017, and 2018 respectively. * 15 Stocks Sitting on Huge Piles of Cash If you were a CBS shareholder over the past three years, you got royally hosed, as did the employees. Discovery Communications (DISCA)Source: www.glynlowe.com via FlickrPay Ratio: 522:1I remember when Discovery Communications (NASDAQ:DISCA) launched the Oprah Winfrey Network (OWN) in January 2011. The 50/50 joint venture between the television broadcaster and one of America's wealthiest women was thought to be a slam dunk despite the more than $500 million DISCA invested in the cable network in the first two years of its existence. CEO David Zaslav, who's been the CEO for more than 12 years, was thought to be a brilliant judge of talent. However, OWN never really hit the big time when it comes to cable networks, and in December 2017, Winfrey sold half of her stake for $70 million, leaving Discovery with 75% control. However, that puts the value of OWN at approximately $280 million, much less than the amount invested by Discovery to get it up and running. And for that, Discovery shareholders paid Zaslav $208.9 million between 2016-2018, including a staggering $129.4 million in 2018, much of it ($102 million) in stock awards this past year. Also, Zaslav had $21 million of Discovery stock vest in 2018 in addition to the $129.4 million in total compensation. Over the past three years through April 18, DISCA shareholders have received an annualized total return of 1.8%, well behind the S&P 500 and other peers in the media business. TripAdvisor (TRIP)Source: JD Lasica/Cruiseable.com via FlickrPay Ratio: 481:1Any day now, TripAdvisor (NASDAQ:TRIP) is going to release its 2018 proxy showing CEO Stephen Kaufer's total compensation for the past year. In 2017, Kaufer was paid a total of $47.9 million in total with 98% in stock and option awards. If you exclude the stock and option awards, Kaufer only made a little over $1 million in 2017, around the same amount as the two previous years. So, if you're wondering why TRIP made the list, consider that Kaufer co-founded the company in February 2000. He would have a made a significant amount of money when TripAdvisor was sold to Expedia (NASDAQ:EXPE) in 2004 and then some more when it was spun-off in December 2011. Over the past three years, TRIP stock's delivered an annualized total return of -7.5% through April 18. And for that, Kaufer got almost $50 million in stock options and awards in 2017. * 10 High-Yielding Dividend Stocks That Won't Wilt It hardly seems worth it. That's especially true if you're one of the hardworking TripAdvisor employees earning just under $100,000 a year. Johnson & Johnson (JNJ)Source: Shutterstock Pay Ratio: 452:1It seems odd that I would pick on Johnson & Johnson (NYSE:JNJ), a stock that's delivered an annualized total return of 10% over the past three years through April 18, but that's what I'm going to do. In the past three years, CEO Alex Gorsky brought home cumulative total compensation of $76.8 million; not exactly Les Moonves territory, but much more substantial than the company's median pay of $66,000.In February of this year, I wondered if Gorsky was earning his pay. I argued that because JNJ shareholders had done well since he became CEO in December 2012, they probably wouldn't care. However, like America itself, if you don't speak up about what's wrong, you'll have to settle for whatever you get. Oh, and don't forget that Gorsky also made $43 million in 2018 through the CEOs stock options and awards that vested during the year. That's on top of his $20.1 million in total compensation. If you add that in, the pay ratio jumps to almost 1,000:1. Do you still think Gorsky's worth it? AT&T (T)Source: Shutterstock Pay Ratio: 366:1I've never been a fan of the AT&T (NYSE:T) purchase of Warner Media. To me, it was adding too much debt to a company that already had a significant amount. Some would call this type of acquisition by CEO Randall Stephenson a vanity project. I wouldn't disagree. Since AT&T closed the Warner Media merger in June 2018, T stock's appreciated by 5.8% including dividends. Considering its dividend is currently yielding 5.9%, most if not all its gains are from dividends. In the last three years (2016-2018), Randall Stephenson earned $86.2 million in total compensation and another $40.6 million in stock awards for an annual average of $42.3 million for a media ratio of 539:1, 47% higher than the ratio listed above. * 7 Red-Hot E-Commerce Stocks to Consider Until Stephenson gets the debt down, you can assume that the CEO will continue to deliver underwhelming returns for shareholders. Regeneron Pharmaceuticals (REGN)Source: Shutterstock Pay Ratio: 215:1The Regeneron Pharmaceuticals (NASDAQ:REGN) pay ratio is the least offensive of the seven companies on this list. I picked Regeneron primarily because it had one of the S&P 500's highest median annual pay at $123,418. It's one thing to have a pay ratio over 200 when your employees make $40,000 a year, but when they make three times that, to crank up the CEO-Worker wage gap by more than 200 times median pay is quite the accomplishment. So, how did CEO and founder Dr. Leonard Schleifer do it? Salary, a little bit of non-equity compensation, a $2.9 million cash bonus, and a whole lot of option awards. Over the past three years, Schleifer's been awarded $89.9 million in options. Also, in 2017 alone, Schleifer realized $90.8 million on the exercise of 250,000 shares. That right there doubles his compensation over the past three years, and I haven't even taken into account 2016 or 2015. If you add those in, the Regeneron pay ratio also balloons into the stratosphere.With almost six million shares of Regeneron stock, you would think the board and founder could come to some agreement as Warren Buffett has at his company that doesn't reek of greed. You know what they say, "If you own a successful business and want to relate to your staff, don't drive to work every day in a Bentley."I guess option awards is the good doctor's version of a Bentley. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises Compare Brokers The post 7 Companies With Unacceptable CEO-Worker Wage Gaps appeared first on InvestorPlace.
The live-streaming TV service will discontinue its $16 monthly subscription for 45 channels and offer only a $20 package with 58.
“The price is too high,’’ Eric Yuan said in an interview with Bloomberg TV on Thursday. Shares of the video-conferencing service rose as much as 83 percent above its initial public offering price, and closed up 72 percent at $62 at in New York, valuing the company at $15.9 billion. The jump in the shares puts Zoom’s valuation above that of two companies that raised more money in their recent IPOs.
What’s Ahead for Hulu after AT&T Stake Sale?(Continued from Prior Part)Hulu subscribers Hulu has added 8 million subscribers since January 2018 and has added nearly 22 million subscribers since January 2012. At the end of 2018, Hulu had 25
The listing is set to be fourth biggest in the U.S. so far this year, after Lyft Inc.’s $2.34 billion IPO and Tradeweb Markets Inc.’s $1.24 billion offer in March. Digital scrapbook company Pinterest Inc. is seeking to raise as much as $1.27 billion in its IPO Wednesday. Uber Technologies Inc., whose IPO is expected to take place in May, is likely to be the largest in the U.S. this year.
What’s Ahead for Hulu after AT&T Stake Sale?(Continued from Prior Part)Hulu faces competition in the streaming space Hulu faces stiff competition from streaming giants like Netflix (NFLX), Amazon (AMZN) Prime, AT&T’s (T) HBO Now, and
Under Zaslav’s leadership, Discovery has been making big bets on sports programming internationally.
Why Disney Stock Surged and Netflix Stock Tumbled on April 12(Continued from Prior Part)Disney’s streaming serviceThe Walt Disney Company’s (DIS) streaming service, Disney+, will launch in US (SPY) markets in November. The ad-free streaming
SILVER SPRING, Md. , April 16, 2019 /PRNewswire/ -- Discovery (Nasdaq: DISCA, DISCB, DISCK) announced today that President and CEO David Zaslav will present at the 2019 MoffettNathanson Media and Communications ...
Inside Media Companies' Transformation Efforts: DISCA, VIAB, CBSBBC Studios to take UKTV’s entertainment channelsDiscovery (DISCA) is on track to receive about $240 million from a transaction with BBC. Early this month, Discovery announced a plan
Tiger Woods' victory at the 2019 Masters Tournament will go down as arguably the greatest comeback in sports history. U.S. President Donald Trump has already said he will award the Presidential Medal Of Freedom to Woods. Nike Inc (NYSE: NKE) undoubtedly got a bump from Tiger’s win, with shares up early Monday.
After the American athlete burst on to the scene in 1997 as a 21-year-old to become the youngest winner of the Masters, the first of 15 “major” championship victories, money flowed into the sport like never before. Broadcasters and corporate groups rushed to be associated with the game and its breakout global star, while a new generation of golfers was drawn to the sport.
“Our intention with this network is to create and curate content that inspires, encourages, and helps to build bridges across our communities," the couple said.
SILVER SPRING, Md. , April 11, 2019 /PRNewswire/ -- Discovery (Nasdaq: DISCA, DISCB, DISCK) announced today that President and CEO David Zaslav will give a keynote presentation at the 2019 J.P. Morgan ...
Viacom's (VIAB) Pluto TV enters into a content licensing deal with BBC Studios to showcase about 700 hours of BBC content on its free streaming service from this May.
Discovery Inc NASDAQ/NGS:DISCAView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is high * Economic output in this company's sector is expanding Bearish sentimentShort interest | NegativeShort interest is extremely high for DISCA with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting DISCA. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, growth of ETFs holding DISCA is favorable, with net inflows of $26.65 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
In an age of streaming services where the battle for original content and top talent has become incredibly costly for Netflix, Inc. (NASDAQ: NFLX) and AT&T Inc. (NYSE: T)-owned HBO, live sports as its own "original content" has become an attractive alternative for networks. Discovery Communications Inc. (NASDAQ: DISCA) has demonstrated a commitment to diversifying its coverage to include live sports, doubling down on soccer though its deal with Eurosport and winning major cycling and tennis rights.
Discovery's (DISCA) upcoming streaming service, that will include natural history and factual content, may help it tap markets that other major streaming services might have overlooked.