30.46 -0.10 (-0.33%)
Pre-Market: 7:36AM EST
|Bid||30.46 x 2200|
|Ask||30.55 x 900|
|Day's Range||30.35 - 30.75|
|52 Week Range||26.80 - 39.29|
|Beta (3Y Monthly)||0.61|
|PE Ratio (TTM)||5.93|
|Earnings Date||Jan 30, 2019|
|Forward Dividend & Yield||2.04 (6.66%)|
|1y Target Est||34.36|
What's the Potential Impact of Netflix's Subscription Hike?(Continued from Prior Part)Netflix to pay off its debt Netflix (NFLX) recently raised its subscription plans by as much as 18%. The company’s plan to raise prices is expected to pay off
What’s Expected for T-Mobile’s Fourth-Quarter Results(Continued from Prior Part)T-Mobile’s fourth-quarter service revenue Previously, we looked at analysts’ forecast for T-Mobile’s (TMUS) expected consolidated adjusted EBITDA in the fourth
Sprint in Fiscal 2018’s Third Quarter: What Analysts Expect(Continued from Prior Part)Sprint’s moving averages Recently, Sprint (S) stock rose above its long-term (100-day) moving average, a bullish sign. The stock closed at $6.23 on January
Inside the Impact of Comcast’s New NBCUniversal Streaming Service(Continued from Prior Part)Comcast’s new streaming service The launch of Comcast’s (CMCSA) new streaming service is expected to happen after the launches of the streaming services
What’s Expected for T-Mobile’s Fourth-Quarter Results(Continued from Prior Part)Analysts’ EBITDA estimates for T-Mobile Previously, we looked at analysts’ revenue forecast for T-Mobile (TMUS) in the fourth quarter. In that quarter, they
Inside the Impact of Comcast’s New NBCUniversal Streaming Service(Continued from Prior Part)NBCUniversal is a late entrant in the streaming spaceComcast’s (CMCSA) NBCUniversal recently announced that it would be launching its new streaming
Tech and Media Updates: Apple, Comcast, Facebook, and Spotify(Continued from Prior Part)Comcast’s NBCUniversal could be launching its own streaming serviceNetflix (NFLX) might still be the leader in video streaming, but the list of tech/media
What’s Expected for T-Mobile’s Fourth-Quarter Results(Continued from Prior Part)T-Mobile’s fourth-quarter revenuePreviously, we looked at analysts’ expectations for T-Mobile’s (TMUS) fourth-quarter earnings. In that quarter, they expect
Markets are volatile right now. Due to concerns regarding a looming U.S. recession, fears surrounding the Federal Reserve's rate hike trajectory and uncertainty with respect to U.S.-China trade talks, investors have taken an increasingly cautious approach to equities over the past several months. As they have, volatility has spiked, and wild swings in stocks have become the norm. Amid all this volatility, it's good to find some stability. Stability can come in two forms in the equities market. You could have a defensive stock with stable ongoing operations that are largely resilient no matter the macroeconomic conditions. Or, you could have a really cheap stock that investors won't push down further because it has already been pushed down far enough. In this gallery, we will look at that second class of stocks. Specifically, we will look at single-digit P/E stocks that are so cheap, them falling further seems almost impossible. Yet, if just one little positive catalyst arrives, these single-digit P/E stocks could rally in a big way. As such, these stocks are classified as ones with mitigated downside potential, but huge upside potential. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 Dividend Stocks With Growth on the Horizon With that in mind, let's take look at six single-digit P/E stocks that look ready to turn a corner and rally in a big way. ### GameStop (GME) Source: Shutterstock Forward P/E Multiple: 6.1 Video game retailer GameStop (NYSE:GME) has been decimated on Wall Street over the past several years as the company's operations have become increasingly less relevant due to the growing popularity of video game downloads. Pretty much everyone sees this company as going the way of Blockbuster, and ultimately heading for the exits within the next decade. Yet, there's one profitable way out for GME shareholders: a private equity buyout. Sure, it seems silly, but it might just happen. Although GameStop is heading for the graveyard, it will produce a lot of cash flow on its way there, and with the stock so cheap (only 6X forward earnings), a private equity firm can come in a buy the company and earn healthy ROI through a few good years of cash flow production. If this takeout does happen, it will likely happen around $20 per share, implying healthy upside potential for GME stock. ### Single Digit P/E Stocks: AT&T (T) Source: Shutterstock Forward P/E Multiple: 8.6 Although telecom giants are usually seen as a beacon of stability and a defensive play for investors during turbulent times, the opposite has been true for AT&T (NYSE:T). AT&T stock has dropped in a big way with the rest of the market, mostly because the big concern hitting the markets (the threat of the Fed rising rates too fast) is a big worry for AT&T, too. Due to multiple recent acquisitions, AT&T's balance sheet is loaded up with debt. The higher rates go, the more that balance sheet is pressured, and the more investors shun the stock. But that big threat is moving into the rearview mirror in 2019. Multiple Fed members have come out and voiced dovish opinions regarding the rate hike path in 2019. Even Fed Chairman Jerome Powell implied that multiple further rate hikes are unlikely. * 10 Growth Stocks With the Future Written All Over Them With this headwind being left in 2018, shareholders are left with an AT&T stock that is trading at a dirt-cheap valuation (8.6X forward earnings) with a big yield (6.6%) and strong earnings power through stable telecom and media-related operations. That's an attractive combination that will bring in multiple buyers, so long as the Fed stays on the sidelines. ### Dick's Sporting Goods (DKS) Source: Shutterstock Forward P/E Multiple: 9.9 The brick-and-mortar retail sector has been stung over the past several years due to the rapid rise of e-commerce. One of the retailers feeling the sting most is Dick's Sporting Goods (NYSE:DKS). In addition to a secular shift towards e-commerce, Dick's is being hurt by athletic apparel brands increasingly emphasizing direct sales, meaning more product sold directly through Nike (NYSE:NKE) or Adidas (OTCMKTS:ADDYY), and less product sold through Dick's. If this trend continues, that essentially means lower sales into perpetuity. These concerns, however, seem overblown. This shift from wholesale to direct in the athletic apparel world is happening. But, it's happening mostly at lower tier players like Big Five Sporting Goods (NASDAQ:BGFV), not at Dick's. Due to its size and branding, Dick's is still seen as a valuable wholesale partner in the athletic apparel world. As such, concerns about this middle man getting axed are overblown. As operations improve in 2019 due to easy laps, single-digit P/E stock DKS should roar higher. ### IBM (IBM) Source: Shutterstock Forward P/E Multiple: 8.8 Blue-chip technology giant IBM (NYSE:IBM) has had a rough run over the past several years. The company's revenue growth profile has been persistently weak, and healthy growth in the cloud business has been unable to consistently offset declines in the legacy business. Margins have struggled. Earnings haven't gone anywhere. Debt is piling up. As such, the stock has struggled. But, a big acquisition of hyper-growth hybrid cloud company Red Hat (NYSE:RHT) could change all of that. Red Hat is a double-digit revenue grower with 85%-plus gross margins and 20%-plus operating margins. IBM, by contrast, is a flat revenue growth company with 50% gross margins and almost 20% pre-tax margins. Thus, at scale, Red Hat should super-charge revenue growth and be materially additive to margins. * 10 A-Rated Stocks the Smart Money Is Piling Into If so, earnings growth will turn a corner. If it does, investors will realize this stock is way too cheap at 8.8X forward earnings and with a 5%-plus yield, and the stock will normalize significantly higher. ### Micron (MU) Source: Shutterstock Forward P/E Multiple: 4.8 Concerns regarding a global semiconductor industry slowdown have killed shares of memory chipmaker Micron (NASDAQ:MU) over the past several months. At its core, the growth narrative at Micron is all about supply and demand. When demand is high and supply is low, chip prices are high, margins are high, and profits are big. When demand is low and supply is high, chip prices are low, margins are low and profits are nothing. Right now, the fear is that we are shifting from a high demand/low supply market, to a low demand/high supply one, and that is why investors have punished MU stock. This punishing will last for the foreseeable future. But once gross margins turn a corner and start expanding again, MU stock will bounce back in a big way. This should happen sooner rather than later. The high-supply part of the equation isn't changing anytime soon, but the low demand part seems like a temporary hiccup from trade war issues, in what is an otherwise very strong secular growth narrative fueled by ever increasing demand from AI and data related markets. As such, once trade war issues are resolved, demand will normalize, and this will bring gross margins higher. When that happens, MU stock will explode higher given its anemic valuation as a single-digit P/E stock. ### Single Digit P/E Stocks: L Brands (LB) Source: Shutterstock Forward P/E Multiple: 9.8 Once a high flyer that was an icon of retail success, L Brands (NYSE:LB) has sharply reversed course over the past several years as its Victoria's Secret brand has struggled to grow sales amid rising competition and shifting consumer appetites. Broadly speaking, Victoria's Secret rose to power in the women's lingerie market during a time when bombshell beauty was the gold standard and push-up bras were what everyone wanted. Now, bombshell beauty is viewed as cheesy and artificial. Instead, consumers are opting for more natural beauty products like bralettes. As this shift has played out over the past several years, Victoria's Secret has struggled in a big way, and those struggles have killed LB stock. But there's reason to believe Victoria's Secret is turning a corner. The business reported 2% comparable sales growth in November against a -4% lap, marking one of its best one- and two-year comparable sales marks in several months. * 7 Stocks at Risk of the Global Smartphone Slowdown Meanwhile, L Brands' other segment, Bath & Body Works, fired off a record 18% comparable sales growth in November. In other words, it isn't all doom and gloom at L Brands. Once Victoria's Secret permanently turns a corner, this stock will rally in a big way. As of this writing, Luke Lango was long GME, INTC, T, IBM, and LB. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Top 10 Global Stock Ideas for 2019 From RBC Capital * 10 A-Rated Stocks the Smart Money Is Piling Into * 5 Best Bank ETFs for This Week's Earnings Avalanche Compare Brokers The post 6 Single-Digit P/E Stocks With Huge Upside appeared first on InvestorPlace.
Inside the Impact of Comcast’s New NBCUniversal Streaming ServiceNBCUniversal to launch a streaming service in 2020 On January 14, Comcast’s (CMCSA) NBCUniversal division reportedly announced that it was scheduled to launch its online video
NEW YORK (AP) — Several House Republicans asked T-Mobile, AT&T, Verizon and Sprint how they share their users' cellphone location data, citing a recent report that telecoms are selling that information to shadowy companies without customer knowledge.
What’s Expected for T-Mobile’s Fourth-Quarter ResultsT-Mobile’s fourth-quarter earningsT-Mobile (TMUS) is set to report its fourth-quarter results on February 9. In this series, we’ll look at expectations for the telecom company’s
Sprint in Fiscal 2018’s Third Quarter: What Analysts Expect(Continued from Prior Part)Analysts’ target pricesOf the 21 analysts covering Sprint (S), three recommend “buy,” four recommend “sell,” and 14 recommend “hold.” Their
Apple (NASDAQ:AAPL) continues to trail Spotify (NYSE:SPOT) as the streaming music services race to add paid subscribers. However, AAPL just got a big boost, at least in the American market. Verizon (NYSE:VZ) announced that an Apple Music subscription will be included for free with several of its premium cellular plans. ### Verizon Expands AAPL Partnership, Offers Free Apple Music for Premium Unlimited Plans On Jan. 15, Verizon announced that it was expanding its partnership with Apple. Starting January 17, customers who subscribe to Verizon's Beyond Unlimited and Above Unlimited cellular plans will get Apple Music bundled with their plan for free. That saves the customer $9.99 monthly compared to paying for the streaming music service from Apple. * Top 10 Global Stock Ideas for 2019 From RBC Capital Customers who subscribe to the less expensive Go Unlimited plan will get a free six month trial of Apple Music -a continuation of a program Verizon launched last August. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ### What's In It for Verizon? The appeal for Verizon is a perk that has mass appeal. The company is the largest wireless provider in the U.S., with a narrow lead over AT&T (NYSE:T) -- in Q3, VZ had 153.97 million subscribers compared to the 150.25 million signed up with AT&T. With unlimited data plans sounding largely the same to consumers, bundling a service like Apple Music is a way to stand out from the pack. It also helps Verizon to sell iPhones. Having the AAPL smartphones in its showroom and being able to offer free Apple Music as a bonus could help to move more iPhones off the shelves. T-Mobile (NASDAQ:TMUS) offers free Netflix (NASDAQ:NFLX) with some plans. From the perspective of the network provider, streaming music uses considerably less bandwidth than streaming video. That means less strain on its infrastructure should eligible customers take advantage of their free streaming ability. ### What's In It for Apple? For AAPL, there are three wins here. The first is the potential to sell more iPhones, at least through Verizon. As everyone knows by now, the company is struggling to keep up the pace of iPhone sales that briefly made it the world's first trillion dollar company last year. The second is the prospect of adding more Apple Music subscribers. Since launching in 2015, Apple Music has grown rapidly, but has failed to gain ground on market leader Spotify. Verizon doesn't spike out how many of its customers subscribe to the Beyond Unlimited and Above Unlimited plans, but with nearly 154 million total subscribers there is potential there for Apple Music to snag some significant additional growth. With increased emphasis on Services revenue to take the heat of iPhone sales, that's more important than ever. Of course there's also the risk that some existing Apple Music subscribers will end up being converted to free Verizon users, diluting the overall subscriber base growth potential. Finally, Apple's streaming video service is expected this year. The more subscribers AAPL can hook on Apple Music, the better the odds it can convert them to customers for that video offering as well. ### Who Pays for This? Good question. Neither Apple nor Verizon has come out and said who is actually paying for the "free" Apple Music subscriptions. The most likely arrangement is that AAPL is subsidizing Verizon, offering a discounted rate. However, nothing has been confirmed. The only thing we know for sure is that Beyond Unlimited and Above Unlimited customers won't be footing the bill -- Verizon has not announced any price increases to go along with the perk (although the fine print does note customer are responsible for paying any related taxes). 5G service is beginning to roll out, with the potential to cause churn among wireless carriers as they fight over bragging rights about their next generation coverage. At the same time, companies like Apple are struggling to keep smartphone sales humming. And competition is heating up in the streaming video business, with big new players set to enter the market this year. With so much disruption, look for more of these partnerships in coming months as the various players maneuver for position and look for advantages to lock in customers. As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Top 10 Global Stock Ideas for 2019 From RBC Capital * 10 A-Rated Stocks the Smart Money Is Piling Into * 5 Best Bank ETFs for This Week's Earnings Avalanche Compare Brokers The post Apple Stock Gets a Lift From Verizon Deal to Bundle Apple Music appeared first on InvestorPlace.
Sprint in Fiscal 2018’s Third Quarter: What Analysts Expect(Continued from Prior Part)Sprint’s scaleAs of January 14, Sprint’s (S) market capitalization was $25.4 billion, making it the fourth-largest US mobile operator. In comparison,
A sizable price increase two days before earnings would seem to show a strong quarter's in store for investors. Could Netflix stock soar again?
Sprint in Fiscal 2018’s Third Quarter: What Analysts Expect(Continued from Prior Part)Sprint’s wireless service revenue in fiscal 2018’s third quarterPreviously, we discussed Sprint’s (S) expected consolidated adjusted EBITDA growth in
USS Investment, which handles one of the U.K.’s largest pension funds, exited substantial positions in Citigroup, Texas Instruments, McDonald’s, and AT&T in the fourth quarter.
That’s why we’re proud to again be included on the Bloomberg Gender Equality Index, our second straight year on the list. The annual index is the world’s only comprehensive investment-quality data source on gender equality.
President Donald Trump's nominee for U.S. attorney general, William Barr, told lawmakers on Tuesday that he would focus attention on the "huge behemoths" in Silicon Valley at the center of a debate over antitrust enforcement. Barr noted at his confirmation hearing that companies can grow to monopolies without breaking antitrust law. "I don’t think big is necessarily bad," he told Senator Mike Lee, the top Republican on the Senate Judiciary Committee's antitrust panel and a frequent critic of Alphabet Inc's Google .