11.99 0.00 (0.00%)
After hours: 4:07PM EDT
|Bid||11.43 x 3200|
|Ask||13.89 x 1100|
|Day's Range||11.95 - 12.05|
|52 Week Range||10.85 - 16.68|
|Beta (3Y Monthly)||1.11|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.20 (1.60%)|
|1y Target Est||N/A|
The Australian arm of Rupert Murdoch's News Corp called for an enforced break-up of Alphabet's Google to preserve advertising and the news media. Fred Katayama reports.
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“I have always believed in miracles,” Morrison, 51, told cheering supporters in Sydney, flanked by his wife and two daughters. Labor leader Bill Shorten, 52, earlier phoned Morrison to concede defeat, saying it was clear he could not form government even as millions of votes remained uncounted.
Walt Disney (NYSE:DIS) is one of the most powerful companies, in one of the most powerful sectors of any economy: entertainment. Before it became a company with a $164 billion market cap, with interests spanning the globe, Disney was more closely associated with the vision of the man after whom it was named. It was this vision that laid the groundwork for the company to become the media giant it is today.
The media organization reports an unexpected quarterly profit thanks to strength in its subscription video services and book publishing units.
The hotel operator earned an adjusted $1.41 per share for the first quarter, 7 cents a share above estimates. Revenue missed forecasts, however, but Marriott said it was able to increase North American profit margins despite higher labor costs and modest revenue growth. Viacom VIAB — Viacom reported adjusted quarterly profit of 95 cents per share, beating the consensus estimate of 80 cents a share.
(Reuters) - Wall Street Journal-owner News Corp reported a surprise quarterly profit on Thursday, driven by strong growth in earnings at its book publishing and subscription video services units. Trying ...
The New York-based company said it had profit of 2 cents per share. Earnings, adjusted for one-time gains and costs, came to 4 cents per share. The publishing company whose flagship is The Wall Street ...
Wall Street Journal-owner News Corp reported a 17.4 percent rise in quarterly revenue on Thursday, driven by higher sales in its book publishing business. Net income available to stockholders was $10 million, ...
Fox Sports says it is buying just under 5% of the Stars Group for about $236 million, and that both companies will offer real-money sports betting this fall in states where it is legal and the companies are licensed.
News Corp NASDAQ/NGS:NWSView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for NWS with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting NWS. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding NWS totaled $116 million. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
News Corp's Australian arm on Monday appealed a judgment awarding Oscar-winner Geoffrey Rush at least A$850,000 ($594,000) in defamation damages over articles saying he behaved inappropriately toward a co-star in a production of "King Lear". The Federal Court ruled last month that News Corp's Daily Telegraph tabloid in Sydney had failed to prove the stories were true. "The Daily Telegraph is appealing the Rush decision," News spokesman Campbell Reid said in an email on Monday.
It could have been worse, and for a while on Thursday, it was. The S&P 500 managed to partially cut into its intraday loss yesterday, though to only end the day down 0.21%. The market found some technical support, at least for now.United States Steel (NYSE:X) drove much of that weakness, falling nearly 6% headed into its post-close earnings report. Solid results, however, buoyed the stock back to near breakeven levels in after-hours trading. Fluor Corporation (NYSE:FLR) was Thursday's big loser though, falling 24% on an unexpected first-quarter loss and news that CEO David Seaton would be stepping down after eight years on the job.There were some winners. Zynga (NASDAQ:ZNGA) was one of them, up nearly 6% despite an earnings miss. The game-maker raised its full-year guidance.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHeaded into the end of the trading week, however, it's the stock charts of Citizens Financial Group (NYSE:CFG), Gap (NYSE:GPS) and News Corp (NASDAQ:NWS) are most worth a closer look. Here's why. Gap (GPS)Like most of its retail peers, Gap was re-victimized in 2018 as part of the next round of the retail apocalypse. The market stopped the bleeding early this year, though, and has held that line ever since. It even took a failed shot at pushing up and off that floor to restart a major, long-term rally effort. It failed though, falling back to that familiar floor. * The 10 Best Stocks to Buy for May But the potential for a surge remains in place, and the technical ceiling is well established right where it should be. The second effort to break above it could have better luck, and probably would have better luck. Click to Enlarge • The floor in question is $24.40, plotted in yellow on both stock charts. For whatever reason, traders drew a line in the sand there, and haven't yielded.• The resistance line to watch is $27, where shares have found highs since the beginning of the year with the exception of March's short-lived surge.• Though stuck on a sideways trading range, notice all the key moving average lines that have converged as of last month, and are now crossing over one another. That in itself should trigger programmed and automatic technical purchases, fueling the budding breakout. News Corp (NWS)News Corp shares had a rather rough 2018, and like most stocks, it was hit particularly hard in the fourth quarter. That looked to be a capitulation, given the bounce during the first quarter.That effort has petered out in the meantime. So far the bulls have at least been able to hold back the selling flood gates, but as of yesterday's close, NWS shares are once again teetering on a break under a well-established technical floor. And, the undertow is decidedly bearish. Click to Enlarge • That make-or-break support line is around $12.26, plotted in yellow on both stock charts. That's where News Corp shares has made all of its lows since February.• Note the surges in bearish volume when NWS tests that support around $12.26. There are clearly more would-be sellers than buyers, and there may be many more waiting in the wings.• The bigger trend of lower highs remains intact. That guideline is plotted in red on the weekly chart. Citizens Financial Group (CFG)Citizens Financial Group isn't over its most relevant technical ceiling right now. But, it's close, and a break above it wouldn't just be a big technical event. It would be a catalyst that unleashes several weeks' worth of pent-up buying. Click to Enlarge • The line in the sand is the 200-day moving average line, plotted in white on both stock charts. That line acted as a ceiling in February, but may not be able to hold the bulls back this time.• Bolstering the potential resistance around $36.40 is the straight-line resistance formed by the connection of all the major peaks going back to September. That line is plotted in yellow.• While the momentum is respectable, the buying volume behind the uptrend so far isn't impressive.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 5 Elephant-Sized Companies Warren Buffett Could Buy * 7 Cheap ETFs for Novice Investors Compare Brokers The post 3 Big Stock Charts for Friday: Citizens Financial, Gap and News Corp appeared first on InvestorPlace.
The fourth quarter was a rough one for most investors, as fears of a rising interest rate environment in the U.S, a trade war with China, and a more or less stagnant Europe, weighed heavily on the minds of investors. Both the S&P 500 and Russell 2000 sank as a result, with the Russell 2000, […]
President Donald Trump and his team love to deride stories unfavorable to the administration as “fake news,” but it’s clear from Robert Mueller’s report that the special counsel isn’t buying it.
Oscar-winner Geoffrey Rush won damages of at least A$850,000 ($610,000) on Thursday after a court ruled that the Australian arm of News Corp defamed him by saying he behaved inappropriately toward a co-star in a production of King Lear. The Federal Court, which found News Corp's Daily Telegraph tabloid in Sydney failed to prove its stories were true, will later determine further damages for economic harm, such as Rush's loss of movie roles and the effect on his career. "This was in all the circumstances a recklessly irresponsible piece of sensationalist journalism of the worst kind, the very worst kind," Judge Michael Wigney said in a decision read to a crowded courtroom.
Why Apple Fell after Unveiling Its New Services on March 25(Continued from Prior Part)Apple News+ On March 25, during an event held at the Steve Jobs Theater in Cupertino, California, Apple (AAPL) launched its news and magazine subscription service,
Eight years after launching an ill-fated digital newspaper for Apple’s iPad, News Corp. is making articles from its flagship newspaper, the Wall Street Journal, available on a new service called Apple News+, which debuted Monday. “It’s going to get our journalism into the hands of millions of Americans who otherwise might not be able to get access to it,” Journal Publisher William Lewis said in an interview.
How Disney’s Fox Acquisition Could Pay OffDisney-Fox acquisitionYesterday, Walt Disney (DIS) finally closed its long-awaited acquisition of most of 21st Century Fox’s (FOX) (FOXA) media and entertainment assets. The $71.3 billion deal concluded
Disney’s Fox Acquisition Just Cleared Its Final Regulatory Hurdle(Continued from Prior Part)Disney’s rating On March 12, S&P Global Ratings reportedly downgraded the Walt Disney Company (DIS) to an A from an A+, as the rating agency expects
The Australian arm of Rupert Murdoch's News Corp called for an enforced break-up of Alphabet Inc's Google Inc, acknowledging the measure would involve global coordination but calling it necessary to preserve advertising and the news media. The demand, published on Tuesday as part of a government inquiry, goes beyond the recommendations of the Australian Competition and Consumer Commission (ACCC) which crossed swords with Google by requesting a new regulatory body to oversee global tech operators. In an 80-page submission largely centred on Google, News Corp Australia said the U.S. company had created an "ecosystem" where it could control the results of people's internet searches and then charge advertisers based on how many people viewed their advertisements.