|Bid||58.18 x 800|
|Ask||58.38 x 900|
|Day's Range||53.67 - 58.61|
|52 Week Range||17.12 - 58.61|
|Beta (5Y Monthly)||1.51|
|PE Ratio (TTM)||41.00|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
In this episode of MarketFoolery, host Chris Hill is joined by Motley Fool analyst Jason Moser to discuss how Discovery Communications' (NASDAQ: DISCA) streaming service got off to a hot start, sending shares to an all-time high. Also, Korn Ferry's (NYSE: KFY) stock hits a 52-week high after stronger-than-expected third-quarter results. Plus, they talk about Boeing's (NYSE: BA) latest headline risk and the potential for "re-opening" stocks.
At the very least, ad activity has rallied to pre-pandemic levels, helping offset the slow but steady decline of cable TV subscribers. Profitability is going to take a hit this year as the media company props up its marquee service of the future, but this remains one cheap stock if the streaming service continues to pick up subscribers at a rapid pace. As expected, Discovery's free cash flow took a hit at the end of the year.
Announcement: Moody's says initial results of Discovery's launch of Discovery+ is credit positiveGlobal Credit Research - 24 Feb 2021New York, February 24, 2021 -- Moody's Investors Service ("Moody's") says the initial results of Discovery Inc.'s (Discovery, subsidiary Discovery Communications, LLC rated Baa3 stable) launch of a global streaming service, Discovery+, is credit positive.On December 2, Discovery announced the global launch of Discovery+, a subscription streaming service focused on non-fiction, real life content, debuting in the U.S. on January 4, 2021. Since the early January launch of Discovery+, and based on management's expectations, the number of subscribers in Discovery's streaming services should rise by approximately 7 million by the end of February, from the 5 million existing streaming subscribers prior to the Discovery+ launch.