|Bid||35.50 x 1000|
|Ask||37.50 x 800|
|Day's Range||35.50 - 36.75|
|52 Week Range||25.45 - 40.50|
|Beta (3Y Monthly)||0.51|
|PE Ratio (TTM)||50.20|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Discovery announces plans to launch streaming packages from across its brands like Food Network and HGTV. The channel will also team up with BBC to add content like “Planet Earth” and “Blue Planet.”
Tony Scherrer, director of research at Smead Capital Management, joins "Squawk Box" by phone to explain which three stocks he's buying.
Feb.26 -- Gunnar Wiedenfels, Discovery Communications Inc. chief financial officer, discusses the company's fourth-quarter earnings and outlook for 2019 with Bloomberg's Vonnie Quinn on "Bloomberg Markets."
“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.
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.
Under Zaslav’s leadership, Discovery has been making big bets on sports programming internationally.
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.
The new service, owned by Discovery, will pool the nature, science and wildlife libraries of the companies, and is aimed at viewers used to binge-watching shows on services like Netflix Inc. Resolution of the fate of UKTV is expected to remove an obstacle to the BBC exploring partnerships with other UK media to compete against Netflix, according to reports. BBC Studios, the commercial arm of the public broadcaster, will pay Discovery 173 million pounds ($225.40 million), which include the assumption of 70 million pounds of debt, to take over seven entertainment themed channels: Alibi, Dave, Drama, Eden, Gold, Yesterday and W.
Shares of Home Depot fell 2.5 percent after the home improvement retailer posted weaker-than-expected fourth-quarter results. Home Depot earned $2.09 per share during its fourth quarter, missing the $2.16 per share expectation. Home Depot also said that the company is seeing slower growth in housing metrics after its 2019 outlook disappointed investors.
The CBS board has come to the conclusion that the company needs to add scale, sources say. Discovery would be interested in selling to CBS or a combined CBS-Viacom, sources say. The CBS CBS board has decided the company needs to get bigger, but merging with Viacom VIAB is not enough for Shari Redstone, who has voting control of both companies, according to people familiar with the matter.
The communications sector was redefined in 2018 to include companies from a bunch of diverse sectors, including technology and consumer discretionary. It rode the swell of stock market movement but is down by 5.6%, as of this writing, after the November crash.
One theme that will be at the forefront in 2019 for many large tech companies will be providing great streaming content in the wake of cable TV subscribers' growing "cord-cutting" moves. Video consumers were once stuck with cable TV and plenty of channels that they never actually watched, but they now have more quality choices than ever before. For example, those who want scripted content -- dramas, sit-coms, etc. -- can find lots of high-quality series or movies on the likes of Netflix.