|Bid||358.96 x 1100|
|Ask||358.66 x 1200|
|Day's Range||351.56 - 361.50|
|52 Week Range||176.55 - 423.21|
|PE Ratio (TTM)||163.46|
|Earnings Date||Oct 16, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||379.15|
Just a few years ago it was still novel to see Emmy winners coming from internet services instead of cable or network TV, but now it's just a part of the landscape. Netflix notably edged out HBO this year when it came to nominations, but now that all the trophies have been handed out they ended up tied with 23 wins each. While Game of Thrones won the most awards in total with nine, including Outstanding Drama Series, Amazon Prime's The Marvelous Maisel came out looking the best by winning five of the awards given out during NBC's broadcast and eight althogether.
It's the biggest night for television and streaming media services tonight as the stars are gathering to celebrate themselves at the 70th annual Emmy Awards. Netflix's dominance at the awards show marks the ascent of streaming as the biggest thing in new media -- but the traditional networks, premium and basic cable aren't giving up without a fight. Emceeing tonight's festivities are Saturday Night Live's Weekend Update hosts Michael Che and Colin Jost.
Discarded by its globe-trotting parent Naspers Ltd. after more than three decades, African pay-TV heavyweight MultiChoice Group Ltd. is facing an uncertain future. The broadcaster of English Premier League soccer and hit dramas such as Game of Thrones will be spun off by Naspers in Johannesburg next year, creating a newly listed company. Naspers shareholders receiving stock in the new company will be hoping MultiChoice can continue to find subscribers willing to pay 959 rand ($64.60) a month in South Africa, as streamers such as Netflix Inc. target similar customers with good broadband connections.
AT&T (T) plans to launch a new online video service to add to its existing portfolio of streaming services that already includes DirecTV Now and WatchTV. The new video service will be launched under AT&T’s WarnerMedia subsidiary, according to what CEO Randall Stephenson said at a Goldman Sachs investor event in New York earlier this month.
The new sector will combine media with telecom stocks and a select number of high-growth tech stocks. Some notable names being added to the group include Facebook FB and Netflix NFLX . It's the first reorganized sector in the S&P 500 since real estate was removed from the financials sector and became the 11th sector in September 2016, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.
Gradually changing lifestyle of people indicates that they are keen on staying indoors and availing products and services that are delivered to them.
Netflix Inc.'s stock bounced 1% in premarket trade Tuesday, after slumping 3.9% in the previous session, in the wake of the streaming video service's strong showing at the Emmy awards, in which it tied with AT&T Inc.'s HBO for the most Emmy wins. Separately, Netflix said Tuesday that it appointed Mathias Dopfner, chief executive of Germany-based publishing giant Axel Springer SE , to its board of directors. Netflix's stock has lost 10.3% over the past three months, while the Nasdaq Composite has edged up 1.9% and the S&P 500 has gained 4.2%.
Netflix won the most Emmy awards of any TV network Monday night #Emmys More from Bloomberg.comCoca-Cola Is Eyeing the Cannabis MarketChina Strikes $60 Billion of U.S. Goods in Widening Trade WarVenezuela’s President Feasts on Steak, Smokes Cigars at Salt Bae RestaurantRead Streaming Giants Won Big At The Emmys on bloomberg.
The escalating trade war between the US and China is dragging stocks into the red. Yahoo Finance’s Seana Smith and Alan Valdes of SilverBear Capital discuss the latest on trade.