|Bid||38.23 x 2900|
|Ask||38.24 x 2200|
|Day's Range||38.10 - 38.37|
|52 Week Range||35.21 - 51.88|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||5.12|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||51.50|
Big3 basketball league founder Ice Cube is reportedly still in the mix for bidding on one of Fox regional sports networks that are being auctioned by Walt Disney Co.
Special Report’s Bret Baier and The Story’s Martha MacCallum to Moderate
Investment company Velanne Asset Management Ltd buys Takeda Pharmaceutical Co, sells Fox Corp during the 3-months ended 2019Q1, according to the most recent filings of the investment company, Velanne Asset ...
Under Zaslav’s leadership, Discovery has been making big bets on sports programming internationally.
Moody's Investors Service said that The Walt Disney Company's ("Disney") announced acquisition of AT&T Inc.'s ("AT&T") (Baa2, stable) 9.5% stake in Hulu for approximately $1.43 billion is credit positive, although it does not impact the company's A2 rating. The purchase will be financed with cash on hand and will bring Disney's ownership stake in Hulu up to almost 70%, with the remaining 30% owned by Comcast Corporation (A3, stable).
Bernie Sanders’ “Medicare for All” proposal got cheers on Monday night at a Fox News town hall, giving the hosts a surprise as the appearance prompted a response from President Donald Trump.
Fox Corp. (FOX, FOXA) was created in March 2019 after The Walt Disney Company (DIS) acquired most of the film, television production, cable networks and international assets owned by 21st Century Fox (21CF). On a pro forma basis, revenues for Fox were $10.2 billion in fiscal 2018, with pre-tax earnings of roughly $2.0 billion. Revenues for the business are split between the Television segment (Fox broadcast network and the company's 28 television stations) and the Cable Networks segment (primarily FOX News, FOX Business and FOX Sports), with profitability heavily weighted towards the latter.
FOX News Channel (FNC) has signed KSDK-TV (NBC) reporter Christina Coleman as a correspondent. In her new role, Coleman will serve as a general assignment reporter in FNC’s Los Angeles bureau beginning April 29th. Since 2014, Coleman has served as an anchor and lead night beat reporter for NBC affiliate KSDK-TV in St. Louis, Missouri, specializing in community reporting.
Jussie Smollett's fate on Fox drama "Empire" is in question after authorities accused the actor of faking a hate crime.
Big3 basketball league founder Ice Cube is accusing Charter Communications of trying to mess with the auction of Disney Co.'s regional sports networks.
FOX Business Network (FBN) has signed former CNBC reporter and anchor Jackie DeAngelis as a financial correspondent, announced Brian Jones, president of the network. Beginning April 22nd, DeAngelis will cover breaking business news out of FBN’s headquarters in New York. In making the announcement, Jones said, “Jackie’s knack for breaking down the economic impact of the day’s major headlines coupled with her ability to land interviews with some of the biggest names in business will bring additional depth to our formidable lineup.
Company to Report Third Quarter 2019 Results on May 8 NEW YORK and LOS ANGELES , April 10, 2019 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) (the "Company") will host its previously announced ...
The new Fox is made up of the main TV assets of the former 21st Century Fox company, including the FOX Broadcast Network, Fox News and other cable networks, including Fox Sports and the Big Ten Network.
FOX News Channel (FNC) will present a special Town Hall America with Harris Faulkner on Sunday, April 14th at 9PM/ET in Urbandale, Iowa as part of the network’s special 2020 election coverage. Moderated by Outnumbered Overtime anchor Harris Faulkner, the town hall will be presented in front of a studio audience and focus on what voters care about most ahead of the upcoming election.
Special Report’s Bret Baier and The Story’s Martha MacCallum to Co-Anchor
The price of CVS Health (CVS) shares has declined to close to the 52-week low of $53.93, which is 36.8% off the 52-week high of $82.15. The trailing 12-month dividend yield is 3.71%. The forward dividend yield is 3.71%.
It is strange to think of Disney (NYSE:DIS) as the David against Goliath but, in this case, it is. Does that make it a worthy opponent stock to own over Netflix (NASDAQ:NFLX) for the next five years? In a word: yes.Source: Shutterstock Before you label me a NFLX hater, this is an assessment of risk and not a diss to Reed Hastings & Co. Since DIS reported in early February, Disney stock has come alive. The positive reaction to earnings was a fake out and shares of Disney fell before rallying twice for more than 15 percentage points, only to end up at about the same level as before the earnings. So, clearly, there is indecision on Wall Street with how to trade Disney stock.What to do here with it depends on your timeframe. DIS has been a proven performing stock for decades so in the long run, betting on it rising is the smarter option. So those interested in owning it for the future this is as good a time as any to buy it.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSince 2012, DIS stock rallied 160% in leaps and bounds until it stagnated around $105 per share for the last four years. Unless the stock market is about to crash and go into a sustainable descending pattern, I consider this as a consolidation period for DIS before it set on another leap higher. * The Elite 8 Stocks to Buy for Massive Outperformance The theme park and movie successes are never in doubt. These are almost always packed houses. In fact, they keep raising the admission prices to their theme parks to manage capacity. That isn't a bad problem to have.More importantly, when investors got nervous over the traditional media side, management took corrective actions on that front. As a result, ESPN+ is no longer a concern. So the base is set for Disney to pursue new venues. Netflix changed the world, making it so that all media consumption is done via streaming. As a result, traditional media is migrating online.To that, Disney recently took the fight to Netflix. It announced that it will launch Disney+, its own streaming service, pulling content from Netflix. Disney also made the bold acquisition of Fox's major assets. This includes gaining a larger stake in Hulu, which immediately makes Disney a formidable threat to the current king of streaming.Wall Street still doesn't give DIS the respect it deserves there because it still trails NFLX stock by a long shot (DIS stock is barely positive while NFLX is up 33% YTD). In five years, DIS is up 38% to NFLX's 640%. Clearly, the house of mouse has some catching up to do to win over more investors.Fundamentally, the odds are on Disney's side, but for now, NFLX has the momentum as long as it continues to grow aggressively abroad. How fast will Disney get out of the box is still a big question mark. History is on Disney's side, at least. Bottom Line on DIS StockIn the meantime, DIS stock is cheap. It sells at a price-earnings ratio of 15x and only 3x book value. This is literally ten times cheaper than NFLX on both counts. That makes the upside potential much larger than the downside risk in DIS as a play on streaming business.Conversely, NFLX has to execute flawlessly else its liable to fall whereas DIS has nothing but upside potential from streaming. Netflix clearly has the first-mover advantage, but that doesn't count a lot when the competition has deep pockets and cheaper content.The "cost of goods," so to speak, is so much cheaper for DIS. However, Netflix is notorious for spending billions every year. Disney already has existing content every kid on the planet wants. It can also create new content much more cheaply than Netflix. This will give Disney an operating advantage, so it can compete with thinner margins than the behemoth Netflix.Technically DIS stock is trading inside a five-year-long pivot zone. These usually are sticky because neither bulls or bears want to lose them, so they fight it out. In this case -- while the bulls are still in charge of the stock market -- this favors the upside for now. * 7 Materials ETFs to Buy Today Unless another shoe drops unexpectedly, DIS stock is likely to rally. So owning it here carries no undue risk to itself or the markets in general. Those who already own Disney stock and those who are familiar with options trading, should consider selling covered calls to create "synthetic dividends." The implied volatility remains elevated while equity markets are still nervous about the geopolitical uncertainties from the tariff war and Brexit.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Transformed Their Business * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos * 7 Weak Blue-Chip Stocks to Trim Immediately Compare Brokers The post Streaming Video Wars Will Spark a Rally in Disney Stock appeared first on InvestorPlace.
Last week, the business was spun off from the former 21st Century Fox Inc., which was acquired by Walt Disney Co. It was a two-step deal that gave Disney ownership of Fox’s film and TV-production studios, movie franchises and other entertainment assets. The new Fox is valued at $23 billion, most of which hinges on the success of Fox News.
The Pac-12 Conference rejected an offer from ESPN to partner on the Pac-12 Networks, a deal that substantially would have boosted the distribution outlook for the underperforming channels, several sources say. The conference’s board of presidents and chancellors turned down what sources described as a credible offer that would have seen ESPN (NYSE: DIS) take over distribution of the networks. As part of the arrangement, ESPN would have extended its rights fee agreement with the conference well into the 2030s.
How do we determine whether Twenty-First Century Fox Inc (NASDAQ:FOX) makes for a good investment at the moment? We analyze the sentiment of a select group of the very best investors in the world, who spend immense amounts of time and resources studying companies. They may not always be right (no one is), but data […]
Super Bowl winning coach Tony Dungy and his wife Lauren discuss their book ‘We Chose You’, as well as Russell Wilson’s new contract which made him the highest paid player in the NFL. Yahoo Finance’s Zack Guzman and Sibile Marcellus join them to discuss.
Bernie Sanders raises over $18 million in his first quarter of fundraising for his presidential campaign, while Kamala Harris brought in $12 million. Yahoo Finance's Zack Guzman and Brian Cheung are joined by Charreah Jackson, Media Entrepreneur and ‘Boss Bride’ author to discuss.