296.00 +4.56 (1.56%)
Pre-Market: 5:55AM EDT
|Bid||296.21 x 1300|
|Ask||298.00 x 900|
|Day's Range||290.34 - 299.00|
|52 Week Range||231.23 - 386.80|
|Beta (3Y Monthly)||1.36|
|PE Ratio (TTM)||114.74|
|Earnings Date||Oct 14, 2019 - Oct 18, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||388.40|
As we explain in the latest episode of the Original Content podcast, the filmfeels like it's made in the "Argo" mold, fashioning a political thriller outof a too-crazy-for-fiction events
New York, NY / ACCESSWIRE / August 25, 2019 / Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Netflix, Inc. (NASDAQ:NFLX) from April 17, 2019 through July 17, ...
NEW YORK, NY / ACCESSWIRE / August 25, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. To determine ...
If you are looking for some fresh investing inspiration, look no further. Hedge funds have just revealed their second quarter trades, and the results are now in. RBC Capital has analyzed the 2Q19 13f’s of 363 major hedge funds with significant stakes in US equities. And from this data it has compiled a list of hedge funds’ most popular stocks right now i.e. stocks with the most hedge fund dollars invested. “In our experience, crowded names among active managers, including hedge funds, are usually crowded for a reason (good fundamentals). Most of our baskets of crowded names have outperformed since we started tracking the data at the end of 2010, and our stats can be used to make the case for hedge fund management” comments the firm. Nonetheless the firm does add that positioning is still a risk factor worth monitoring. After all, outperformance of popular hedge fund longs has occurred against the backdrop of strong growth leadership in the market “and may merely reflect the underlying style bias of the market that has been in place” says RBC Capital. Notably 60% of the list falls in TIMT (technology, internet, media and telecommunications), down from 70% last quarter.Here we take a closer look at five top stocks that feature in the Top 20 list. What’s more all these stocks also score a ‘Strong Buy’ analyst consensus, based on all the ratings over the last three months. Let’s see which five stocks make the grade now: 1\. Microsoft (MSFT)Microsoft refused to give up its no. 1 position in the second quarter. It remains the most popular hedge fund stock- despite a sizable decline in the number of funds owning the stock (for the second quarter in a row). Indeed, RBC Capital reveals that hedge funds still hold a whopping $18,131 million of Microsoft shares. That’s with 29% of the 363 funds that it examined holding MSFT stock. Luckily for these funds MSFT scores a firm ‘Strong Buy’ analyst consensus. That's with a $154 average price target (15% upside potential). Out of 24 analysts covering MSFT right now, 22 are bullish with only 1 hold rating and 1 sell rating (from long time MSFT bear Jefferies' John Difucci). “We maintain a bullish stance on MSFT as one of our top cloud ideas to own in 2019 based on a multiyear transformation of the model driven by commercial cloud revenue that could reach $100B in CY23 from a $44B run-rate today” celebrated KeyBanc analyst Brent Bracelin after the company reported a solid revenue beat on commercial cloud growth of 39% y/y.Aptly calling his report ‘On Cloud Nine’, the analyst reiterated his MSFT buy rating while ramping up the price target from $143 to $155. Fiscal 4Q19 results impressed as it sustained double-digit growth for the eighth consecutive quarter, despite a material two-point FX headwind, summed up Bracelin. 2\. Facebook (FB)Facebook shifted up a notch in the second quarter. The social media giant is now the third favorite hedge fund stock, up from fourth place in Q1. That’s due to Alphabet Inc (GOOGL) slipping from 2 to 4 in the quarter after seeing a double-digit decline in ownership. In contrast, six new funds bought into FB in Q2.According to RBC Capital, 34% of the funds it tracks hold Facebook stock, while the total value of the holding comes out at $16,191 million (so still quite a way off Microsoft). Analysts share this bullish outlook. With 33 out of 36 analysts calling FB a buy, the $234 average price target suggests over 30% upside lies ahead. Rosenblatt Securities analyst Mark Zgutowicz believes that the demand picture for FB properties could not be stronger. “We maintain our Buy rating and $242 PT on FB shares and would be aggressive buyers on any weakness related to the 4Q guide deceleration” he instructed investors recently. Demand for the feeds remains high, says Zgutowicz, given stellar ROAS [return on ad spend] and Stories ad tests are steadily progressing at still a low bar for the stock. “Our checks with direct response advertisers continue to point to stellar ROAS on the triple strength targeting platform of News Feed (NF), Messenger and Instagram” he concluded. 3\. Netflix (NFLX)Netflix is hedge funds’ fifth most popular stock. Funds have now invested a jaw-dropping $10,504 million in the stock, with two new funds creating NFLX positions in Q2. As a result, just over a fifth of the funds polled hold NFLX in their portfolio. So does this mean we have a buying opportunity at hand? After all the stock has pulled back significantly following disappointing earnings results. According to the Street, the answer seems to be yes. The stock is showing a Strong Buy consensus with an average price target of $423. This translates into considerable upside potential of 45%. “It’s still early in the quarter, but data through July looks solid (rebound from 2Q),” commented SunTrust Robinson’s Matthew Thornton on August 19. “Google searches (on keyword “Netflix”) and mobile app downloads for the month also show nice upticks vs 2Q19 and back toward or above the 1Q19 high-water-mark.”Although NFLX lost 126,000 US customers in the second quarter, Thornton believes popular series like Sacred Games, The Crown and Peaky Blinders can help stem the losses. With this in mind, the analyst reiterated his NFLX buy rating and $402 price target. A similar message comes from Bernstein analyst Todd Juenger. “The defining question for investors coming out of Netflix [second quarter] is whether the subscriber miss was simply natural variation (tied to a price increase) in a long-term growth trajectory, in other words a ‘blip,” he told investors. “We think the case for ‘this is a blip’ is compelling.” Clearly hedge funds think so too. 4\. Boeing (BA)Boeing was a new name to the Top 20 hedge fund list in Q2. The world’s largest aerospace company now features in 19% of the 363 funds in RBC’s study (with 9 funds creating new positions in the quarter). These funds own a total of $5,458 million of BA stock.And on the whole analysts would approve of the fund enthusiasm for BA. If we look at only the Street’s best-performing analysts, the consensus works out at ‘Strong Buy.’ Plus the $429 average analyst price target indicates 20% upside lies ahead. Of course, all eyes are on Boeing’s 737 Max plane, which suffered two fatal crashes in a five-month span and is currently grounded. According to Bloomberg, there about 600 planes now out of service. However, the Federal Aviation Authority (FAA) just indicated that the model could be ungrounded come October. “We continue to support the FAA and global regulators on the safe return of the Max to service,” Boeing said in a statement. Following the latest news, five-star Cowen & Co analyst Cai Rumohr reiterated his buy rating with a bullish $460 price target (29% upside potential). He sees a 3-to-1 positive risk-reward around the FAA certification, and expects the stock to react to early indicators of success/failure.“MAX recovery profile looks intact, and FAA certification flight could be 4-6 weeks off -- a key milestone for the stock” Rumohr said. “Traffic growth, 787 demand, 777x schedule are "watch" items; but they are offset by robust 787 cash generation.” Bottom line: BA remains the analyst’s top pick for cash flow per share of $30+ (9-10% yield) in 2020 & 2021. 5\. Union Pacific Corp (UNP) Union Pacific is a leading railroad franchise, covering 23 states in the western two-thirds of the United States. Like BA, UNP is a new addition to the Top 20 list of hedge fund stock holdings. Eight new funds created UNP positions in Q2, while the total $ value owned now stands at $5,157 million. We can also see that 15% of funds in RBC’s study own Union Pacific.So what’s driving this wave of bullish sentiment? Well, the company just posted a 2Q EPS and EBIT beat and a record operating ratio despite being significantly hindered by flooding. “We raise our estimates and PT and continue recommending UNP as a top pick” five-star Cowen & Co analyst Jason Seidl wrote following earnings. He now sees shares hitting $184 vs his previous $180 price target. “UNP is one of the best managed North American Class I railroads and the only western one that is publicly traded” stated Seidl. With the hire of Jim Vena as COO, he believes the company is on its way to revenue improvement.That’s thanks to the adoption of Precision Scheduled Railroading (PSR). Created by the late Hunter Harrison, PSR refers to the principle of generating extra revenues by using fewer railcars and locomotives. According to Seidl, UNP's precision scheduled railroading rollout is on the right track so far. He notes, for instance, a 10% increase in train length that has seen UNP increase their parked locomotives to 2,150. Find analysts’ favorite stocks with the Top Analysts’ Stocks tool
The University of Notre Dame’s investment office has “a long-term orientation to our investment partnerships and approach.” But the university made big changes in its U.S.-traded stock investments in the relatively short time frame of the second quarter.
Streaming platforms such as Netflix and Amazon Prime have beefed up their UK offerings of reality shows, moving in on a genre that traditionally has acted as a battleground for broadcasters targeting younger viewers. The total number of hours of game, lifestyle and other types of unscripted shows on the British platforms of the two entertainment giants has quadrupled over the past two years, according to data from Ampere Analysis. Netflix, meanwhile, increased its reality content by one percentage point to four per cent, according to Ampere.
If anyone was going to convince a Chinese industrial billionaire to let an independent American film crew document the sensitive inner workings of a former GM plant in Ohio, as it geared up for reopening under new management, it was going to be Steven Bognar and Julia Reichert. The Dayton, Ohio-based pair had already documented the closure of the plant in an Academy Award-nominated HBO film called The Last Truck: Closing of a GM Plant, while Reichert offered an impressive résumé of labour-themed titles including the award-winning Union Maids, and Seeing Red: Stories of American Communists.
If you are a shareholder who purchased Netflix securities during the class period, you have until, September 20, 2019 , to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at firstname.lastname@example.org or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 9980.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The trade battles between China and the U.S. are often discussed as sterile policy matters. But every so often a tale like “American Factory,” a documentary that debuted on Netflix this week, serves as a reminder that people and complexities are involved.“American Factory,” the first film backed by Barack and Michelle Obama’s new production company, tells the unvarnished story of a shuttered General Motors plant outside Dayton, Ohio, bought and revived as an auto glass factory by China’s Fuyao Glass.The film’s political relevance comes from the fact the new factory opened in October 2016, just weeks before Donald Trump was elected wielding a campaign promise to stunt China’s economic rise that has since turned into a trade war convulsing the global economy. But what makes it compelling is that what begins as an optimistic story of revival ends up as a tangled one about a clash of cultures and the powerful and perplexing forces of globalization and automation.The fact that the first film issued by the Obamas’ new production company as part of a partnership with Netflix is about the economic relationship between two powers struggling to figure out how to co-exist may raise eyebrows among the current team in the White House. At the very least it offers a nuanced counterpoint to Trump’s proclamation that trade wars are “easy to win.”“I think one of the things that makes the movie powerful is the fact that it’s not all black and white. There’s a bunch of gray,” Barack Obama says in a short interview with “American Factory” directors Julia Reichert and Steven Bognar issued with the film.The film is, above all, good at capturing unguarded moments featuring its Chinese characters.Changing Views“The most important thing is not how much money we earn, but how this will change Americans’ view of the Chinese and toward China,” Fuyao’s billionaire chairman, Cao Dewang, tells a group of Chinese workers brought in to help set up the factory a half-hour into the film.Regardless of that proclamation the cultural clash on show is often raw. “They are pretty slow. They have fat fingers,” one Chinese manager complains early on as he leads Cao past a line of American workers.“The Chinese really don’t help us out. They just walk around and tell the Americans what to do,” an American employee complains later as tensions threaten to boil over.During a visit by a small group of American managers to Fuyao’s headquarters in China the camera captures a conversation between a Chinese supervisor and his Chinese-speaking American counterpart from the Dayton factory.“You guys have eight days off every month. You have all the weekends,” the Chinese supervisor complains, pointing out that the workers laboring nearby get only a day or two off per month.American executives and supervisors recruited to run the Ohio plant are eventually replaced with Chinese managers more attuned to Cao’s ruthless demands for efficiency and profit and his bristling at the idea of his workforce becoming unionized.Shortly after he makes the change, Cao offers that he has grown more suspicious of the land he has invested in. “We hired Americans to work as our managers and supervisors. Our expectation was that we could trust them, pay them a high salary and they would serve the company. Why didn’t they? I think they are hostile to Chinese,” he tells the filmmakers.There are heartwarming and even hopeful moments in “American Factory." Rob, a furnace supervisor, invites a dozen Chinese Fuyao employees over for Thanksgiving dinner at his rural home, letting them pose with his guns and giving the brave ones rides on his Harley. “They talked about it forever. That made me happy,” he says.But underlying it all are also harsh economic realities. By the end of the film Rob has been fired for taking too long to call up information on a computer. And the executive leading Cao through a factory being transformed yet again is laying out in cruel detail how and when new robots will be replacing the workers nearby.“This one is being tested now. We’re hoping to cancel four workers in July and August,” he says. “I’ll change that into machine work. We can’t get the work done now. They are too slow.”Which sends another message about the current trade wars. All the tariffs and tussling over soybeans and supply chains may be missing a bigger transformation underway in the global economy. One that, as the film makes clear in its closing frames, is likely to hit both American and Chinese factory workers alike.To contact the reporter on this story: Shawn Donnan in Washington at email@example.comTo contact the editors responsible for this story: Simon Kennedy at firstname.lastname@example.org, Sarah McGregor, Brendan MurrayFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Traditional pay-TV services are shedding subscribers because video streaming is more convenient, offers more choice, and, at least for now, a better value. As Netflix (ticker: NFLX), Apple (AAPL), (DIS) (DIS), (CMCSA)(CMCSA), and other heavyweights battle it out, the best way to play streaming is turning out to be upstart (ROKU) (ROKU). The company’s combination of hardware and software enables consumers to watch content streamed over the internet.
CEDARHURST, NY / ACCESSWIRE / August 23, 2019 / The securities litigation law firm of Kuznicki Law PLLC issues the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares in these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff and a preliminary estimate of their recoverable losses. If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court.
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. If you suffered a loss, you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Netflix is testing a new way to help users find TV shows and movies they'llwant to watch with the launch of a "Collections" feature, currently in testingon iOS devices
Since Netflix posted its Q2 results, its stock has fallen 18%. Could the streaming giant lose its disruptor position as new players enter the market?
The Vanguard Group, Capital Research Global Investors, and BlackRock Institutional Trust all raised their holdings in Netflix stock in the second quarter.
NEW YORK, NY / ACCESSWIRE / August 23, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. To determine ...
NEW YORK, NY / ACCESSWIRE / August 23, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. If you suffered a loss, you can request that the Court appoint you as lead plaintiff.
NEW YORK, Aug. 23, 2019 -- The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a.
I was only temporarily right about over-the-top streaming device manufacturer Roku (NASDAQ:ROKU). Back near mid-July, I had reservations about the ROKU stock price. It had more than tripled in market value since January's opening volley. Naturally, I felt that a healthy correction was in order.Source: Michael Vi / Shutterstock.com Shortly after I wrote my cautionary tale, the ROKU stock price cooled like clockwork. At one point earlier this month, shares closed below the psychologically important $100 level. Although I was right on paper, I must admit I was wrong on the reason why.Last month, I had stressed that ROKU was fundamentally stretched. Clearly, extreme enthusiasm had taken over Roku stock. In my view, the company deserved a premium valuation, but not that rich.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut when shares of the OTT streaming device maker finally corrected, it was more likely due to broader market weakness from the U.S.-China trade war. In other words, Roku stock declined in sympathy with everyone else. Later, the underlying company released its earnings report for the second quarter, and shares were back onto the races. * 10 Marijuana Stocks That Could See 100% Gains, If Not More By most accounts, the OTT provider delivered stunning results. For one thing, the company brought home 30.5 million subscribers overall, representing nearly 39% growth from the year-ago quarter. That was also the first time the company breached the 30 million barrier, a nice excuse to pump up the ROKU stock price.Further, the device and smart-TV maker rang up $250.1 million in revenue, obliterating estimates calling for $224.2 million.Now, I could probably nitpick something, like year-over-year subscription growth being in a downtrend since Q3 2017. But why bother when we're headed toward a recession? ROKU Offers a Compelling Recession-Proof ArgumentLet me back up for a second. I'm not suggesting that a recession is guaranteed. Perhaps, President Donald Trump's administration has a secret formula that could substantively improve the economy.However, I base my pensiveness on the yield curve inversion. For multiple times this month, the yield on shorter-dated U.S. Department of Treasury bonds have jumped past yields of longer-dated Treasuries. Stated differently, investors are receiving less reward for taking on more time-based risks.Truly, this is a nonsensical dynamic, and it worries me on many levels. Logically, the equity markets may absorb some volatility. If anything, they will do so out of sheer uncertainty.But as a contrarian, I think Roku stock suddenly looks very interesting. Don't get me wrong, it was probably always interesting. But ROKU is one of the few growth stocks that might offer some safe haven in a downturn.Why? I'm banking on the consistency of human psychology. A decade ago during the Great Recession, the box office performed surprisingly well. Hollywood offered escapism at a cheap price.It was the same story back about 90 years ago. One of the most enduring images of the Great Depression is bankers jumping from tall buildings. But those who decided to tough it out had some help from the then-burgeoning movie industry. It brought a smile to a desperately hurting nation.While we may not suffer such a severe trauma, a downturn will certainly necessitate some downtime. As a low-cost distraction, nothing beats Roku's OTT streaming products and services.As you know, the company's flagship products are their streaming devices. Offering a wide range of performance specs, you pay only $25 for the cheapest. And unless you decide to fork over for premium content like Netflix (NASDAQ:NFLX), that's all you'll pay. How to Play Roku StockStill, despite Roku's potential resilience during a recession, I wouldn't go too crazy. The reason is that we should all respect the tape. Again, with the yield curve inversion, the major indices risk significant volatility in the future. In that context all names, irrespective of their individual strengths, face some threat.Therefore, I'm bullish on Roku stock, but not necessarily at this price. I'd like to see at least one healthy correction before considering shares. But when that time comes, the present environment is supportive of the OTT device maker. It provides a relevant service at a price that you just can't beat.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post Roku Stock Needs a Recession appeared first on InvestorPlace.
The fight to lead internet streaming services is getting tighter, with Netflix and Hulu leading the pack, while Apple TV offers viewers a set-top box.