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How CenturyLink Fared in the Fourth Quarter(Continued from Prior Part)Shareholder returns and stock trendsCenturyLink (CTL) stock’s closing price on February 13 was $14.70 per share. Based on that closing price, CenturyLink has a market
The Supreme Court on Monday overturned the green tribunal’s order in December to restart the 400,000 metric tons a year copper smelter in the southern state of Tamil Nadu, saying the National Green Tribunal doesn’t have the jurisdiction to decide on the matter. Copper on the London Metal Exchange rose as much as 1.1 percent to $6,258 a ton Monday after the verdict.
Analysts who spoke to CNBC mostly said the issues faced by the gaming heavyweights go beyond competition from the hugely popular Fortnite.
Kellogg Co. (K), Goodyear Tire & Rubber Co. (GT), GameStop Corp. (GME) and AGNC Investment Corp. (AGNC) have declined to their respective three-year lows
It was a tense earnings report that came with a surprise pay cut, but investors should be satisfied...for now.
CenturyLink surprised investors with the decision to cut its dividend, even though the distribution was well-covered by free cash flow. Here’s management’s thinking.
The game maker just closed the books on a solid year, but soft trends in player engagement spark significant changes and efforts to boost performance.
Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Friday evening: The Walt Disney Co. : "You don't sell Disney, you stick with it for the long term.
The success of that game, the megapopular “Fortnite,” reflects the fast-changing nature of the entertainment complex. “Fortnite” is free to play but still has managed to rack up more than $2.4 billion in revenue from mostly in-game transactions since it launched in late 2017. The rub is that game publishers have become dependent on the relatively few properties capable of delivering a sustained stream of dollars.
After the stock pullback, our 7.3% five-year industry forecast is about 325 basis points or 1.75 times above the 4% five-year market-implied growth on our reverse analysis—as well as the developing story of Constellation’s significant investment in Canadian cannabis-products developer Canopy Growth. The maker and marketer of performance apparel and footwear delivered a low-quality fourth-quarter beat, with adjusted EPS of nine cents coming in ahead of our three-cent estimate and its consensus estimate at four cents. Gross margin expansion of some 160 basis points was also relatively in line with our estimate, reflecting mixed benefits (channel, region), lower product costs, lower promotions, and lower air freight.
Shares of CenturyLink rebounded Friday, two days after the company announced it was cutting the annual shareholder dividend in half, causing its stock to drop to lows it hasn’t experienced in nearly 22 years. CenturyLink stock (NYSE: CTL) dropped 12 percent on Thursday, a day after company executives slashed the dividend from $2.16 per share to $1. CEO Jeff Storey said on the call that the dividend cut is “not based upon any concern for the outlook of the business,” but instead is focused on debt reduction.
How CenturyLink Fared in the Fourth Quarter(Continued from Prior Part)CenturyLink’s revenue trends CenturyLink’s (CTL) top line has been declining over the past few quarters on a pro forma basis. CenturyLink’s net revenues in the fourth
Activision''s (ATVI) 2019 Overwatch League sees participation from eight new teams that brings the total number of teams to 20.
U.S. stock futures are flat this morning but well off the overnight dips. In early morning trading, the futures on the Dow Jones Industrial Average are up 0.38% and S&P 500 futures are higher by 0.41%. Nasdaq-100 futures have added 0.49%.In the options pits, call buyers were still the busier bunch on Thursday, but the markets had a tizzy brought by the weakest retail sales report since 2009. We also had news that things are not going well with the China tariff deal. Now we are in a stalemate while we await the next meeting or headline. Wall Street is waiting for confirmation before they eliminate the risks from those fronts. The action was more cautious than Wednesday. We saw the options balance shift slightly more bearish, with only 18.1 million calls and 16.3 million puts during the session.However, there is still overall caution among many skeptics of this rally. The CBOE single-session equity put/call volume ratio inched up to 0.6. This is now almost at the 10-day moving average of 0.61.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAlthough options activity was cautious on Thursday, there were a few standouts in options trading. Bristol-Myers Squibb (NYSE:BMY), Activision Blizzard (NASDAQ:ATVI) and Intel (NASDAQ:INTC) had unusual levels of options activity or an unusual mix. This typical is a precursor to sizable stock moves.Let's take a closer look: Bristol-Myers (BMY)BMY stock has seen better days. Last year started well for it, but after topping out in the middle of February, it went into a 35% correction from top to bottom. 2019 started even worse when the stock fell to a new low of $44.30 on Jan. 3 when they announced the Celgene (NASDAQ:CELG) buyout. * 10 Hot Stocks Leading the Market's Blitz Higher Since then, Bristol Meyers stock has rallied and now showing some appetite to continue even further. Options traders on Thursday traded 214% of its daily average. They were still split almost evenly between calls and puts but it does show their interest in it.This is an indication that there should be a move -- most likely the continuation of the current trend. Buying calls is a cheap way to bet on the upside. Conversely, buying puts is a cheap way to buy temporary protection while remaining long the stock. Here they are both active, so investors are still engaged.If the bulls can breakout through $51.50 area then they would have the opportunity to retest $52.90. If that happens, it would offer yet another upside breakout line. So what is happening here is that investors are using options to ride out this mini rally so they can get to bigger rewards above.This is a quality, healthy company whose stock is temporarily broken … but the company is not. The market eventually will fix this so that the trend reflects the actual company prospects. Activision Blizzard (ATVI)The worst may be over for Activision stock, at least for now. This stock, along with many in the sector, have been under severe pressure from major shifts in their customer trends. But it seems like ATVI is adjusting and managing their businesses to right the ship.I recently wrote an article on how to trade the short-term ATVI. In it I noted the breakout potential from $44.30 to $45.60. This upside potential has almost filled as of yesterday but there still is potential upside even above it.The ATVI zone around the recent high of $46.58 per share will now serve as the next breakout potential to target $48 per share and fill the entire Feb. 5 gap. It will need the general market's help and it may take a few days to do it. Eventually, this creep higher will break the long-term descending trend line of lower highs and a much bigger breakout will ensue.This is a long way of saying that the Activision stock has probably bottomed and that it will have a chance at recovering all the way back to $56 per share. There are areas of resistance at several spots along the way, the most major of which are at $49.50, $51.6o and $$53 per share. Intel (INTC)Intel stock mounted a respectable 14% rally off the December lows. The day it went into the earnings event, INTC stock was on the verge of a secondary breakout line. Unfortunately, Wall Street did not like the earnings report headline and the stock sold off as much as 8% when it opened.But this was a fake-out bear trap because since then, the stock has risen 10%. Now it is once more at the verge of another chance at that breakout. The measured move from that would target $56 per share. There will be resistance at $53.20 and $54.70.Now that the gap is almost closed, I weigh the odds of it being the target of this ongoing rally against the idea that this is a mega breakout with $56 per share as the eventual target.I was a bit disappointed that they gave the interim CEO the job for good, especially after such a long search period. But since then, investors have accepted the decision so it's no longer an overhanging issue and my feeling don't matter to how I trade it.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 * The 10 Best ETFs You Can Buy * 7 Reasons Stock Buybacks Should Be Illegal * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? Compare Brokers The post Fridayas Vital Data: Bristol-Myers Squibb, Intel and Activision Blizzard appeared first on InvestorPlace.
Shares of CenturyLink (CTL) plummeted 13% in Thursday's trading session after the telecommunication company said it would cut its dividend by more than half. While investors — who were certain the dividend would remain intact after management pledges — grew angry and fled the stock in droves, this provides an opportunity for the company to improve its financial health, including through increasing free cash flow. But some argue that financial wellbeing is meaningless if investor sentiment is negative: While free cash flow may increase, investor anger and a feeling of betrayal may haunt the company more than anything. Nevertheless, Oppenheimer's top analyst Timothy Horan maintains his Outperform rating on CTL stock with a $20 price target, which implies about 55% potential upside from current levels. According to TipRanks, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Timothy Horan has a yearly average return of 15% and a 70% success rate, and he's ranked 47 out of 5,163 analysts.Lost in the news for many investors was CenturyLink’s actual earnings update. The company reported revenue of $5.8B, including $2.2B EBITDA and free cash flow of $741M. Horan says that revenue is “in line” with his estimates, though both EBITDA and free cash flow came in lower than expected. Moving forward, the analyst is optimistic about the slashed dividend (from $2.16 to $1.00), which he says “will generate an incremental $1.24B in FCF in 2019.”One challenge facing CenturyLink is in its IT & Managed Services and Voice and Collaboration segments. Hogan says that CenturyLink “continues to face pressure from cloud-based service provider competitors,” noting that these two segments “fell 14% and 7.8% y/y to $145M and $1.6B, respectively.” Then biggest news in Hogan’s eyes is the dividend cut. He says, “the new mid-30s payout ratio should support strong capex spend (we note $1.24B in additional cash flow) as well as potential M&A activity to reinvigorate stalling legacy assets. We believe management team is cost disciplined and can expand EBITDA margins and provide another capex/FCF tailwind.” Hogan continues, saying, “while disappointing to the yield-minded investor base attracted to [CenturyLink], we believe the dividend cut was the proper move to invest in growth and pay down debt faster. The management team should execute on the additional identified cost savings and begin to ramp up capital return to shareholders in a year or so.” In other words, Hogan is optimistic that CenturyLink will make good use of the impending cash influx, even as high-yield aren’t too happy.The Wall Street community isn’t sold on CenturyLink. TipRanks analysis of 13 analyst ratings shows a consensus Hold rating. Of the 13 analysts, four recommend Buy, six say Hold and three recommend Sell. There is an average price target of $16.17, representing a 27% rise from current levels. (See CTL's price targets and analyst ratings on TipRanks) More recent articles about CTL: * NVIDIA (NVDA) Stock: Prepare for Range-Bound Trading Ahead * Facebook (FB) Storms Into the Blockchain Space; Top Analyst Weighs in on the Stock * Opportunities for Apple (AAPL) to Lift Stock Through Acquisitions, J.P. Morgan Says * All Eyes on Nvidia (NVDA) Stock Ahead of Earnings Today
CenturyLink Inc NYSE:CTLView full report here! Summary * Perception of the company's creditworthiness is neutral but improving * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate Bearish sentimentShort interest | NeutralShort interest is moderate for CTL with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding CTL totaled $16.05 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Telecommunications Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator with a strengthening bias over the past 1-month. CTL credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years.Please send all inquiries related to the report to email@example.com.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.
Shares of CenturyLink plummeted Thursday to the lowest levels seen since the late-1990s, after the communications services company slashed its dividend by more than half, prompting a number of Wall Street analysts to cut their ratings and price targets.