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Most Bought By Activist Hedge Funds

Most Bought By Activist Hedge Funds

25.20k followers14 symbols Watchlist by Yahoo Finance

Follow this list to discover and track the stocks that were bought the most by activist hedge funds in the last quarter.

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  • Apple is spending $6 billion on original shows, movies: Report
    Yahoo Finance Video

    Apple is spending $6 billion on original shows, movies: Report

    Apple has committed more than $6 billion for original shows and movies ahead of the launch of its new video streaming service, according to a report by the Financial Times. Yahoo Finance's Dan Howley breaks down what this means for the state of streaming, and what effects the company's endeavors into this space means for competitors Netflix, Disney and AT&T-owned HBO.

  • Ross Stores accused of selling counterfeit leggings
    Yahoo Finance Video

    Ross Stores accused of selling counterfeit leggings

    Ross Stores is being accused of selling "the lowest-quality" counterfeit leggings, impersonating Lululemon leggings. Lululemon filed a lawsuit in June claiming the leggings are harming Lululemon's brand and causing customer confusion. Yahoo Finance’s Dan Roberts, Scott Gamm and Anjalee Khemlani discuss.

  • Microsoft's new Chromium-based Edge browser is now in beta
    TechCrunch

    Microsoft's new Chromium-based Edge browser is now in beta

    Microsoft today launched the first beta builds of its new Chromium-based Edgebrowser for Windows and Mac

  • Better Buy Amid Market Volatility: Amazon (AMZN) vs. Walmart (WMT) Stock
    Zacks

    Better Buy Amid Market Volatility: Amazon (AMZN) vs. Walmart (WMT) Stock

    Let's take a look at which stock, Amazon (AZMN) vs. Walmart (WMT), looks like a better buy amid market volatility...

  • Gamescom 2019: NVIDIA Ray Tracing, Cloud Gaming Updates
    Market Realist

    Gamescom 2019: NVIDIA Ray Tracing, Cloud Gaming Updates

    Gamescom 2019 started today, and some of the most exciting announcements involved NVIDIA’s (NVDA) GeForce RTX gaming GPUs.

  • GuruFocus.com

    Mario Gabelli Comments on Sony Corp

    Guru stock highlight Continue reading...

  • American City Business Journals

    These 5 Bay Area companies are Bank of America's picks to best survive a recession

    A new Bank of America Merrill Lynch report lays out a dozen stocks to have during the recession. Half of them are for companies either based in Silicon Valley or that have a strong presence here.

  • TJX Stock Falls As Q2 Revenue, Q3 Guidance Fall Short
    Investor's Business Daily

    TJX Stock Falls As Q2 Revenue, Q3 Guidance Fall Short

    TJX met Q2 earnings views but missed on revenue and gave weak guidance, as rival off-price apparel retailer Ross is due Thursday.

  • Lee Ainslie Trims Microsoft Position, Exits Anthem
    GuruFocus.com

    Lee Ainslie Trims Microsoft Position, Exits Anthem

    Guru's largest sales of the 2nd quarter Continue reading...

  • Apple Roasted On Social Media For Rumored Apple TV+ Pricing
    Investor's Business Daily

    Apple Roasted On Social Media For Rumored Apple TV+ Pricing

    Consumers expressed surprise and disappointment online that Apple is weighing a $9.99 monthly subscription price for its upcoming Apple TV+ service. Apple stock rose a fraction.

  • How Does Fortnite Make Money: Online Gaming, eSports
    Investopedia

    How Does Fortnite Make Money: Online Gaming, eSports

    Fortnite is the most popular battle royale game worldwide, and generates huge revenues even though it is offered for free by developer, Epic Games.

  • Benzinga

    How WWE Could Further Monetize NXT Following TV Deal

    World Wrestling Entertainment, Inc. (NYSE: WWE ) shares traded higher by another 4% on Tuesday after the company announced a new TV deal for its NXT brand to air a two-hour weekly show on Wednesday nights. ...

  • Quality ETFs for Volatile Markets
    Zacks

    Quality ETFs for Volatile Markets

    Stocks with excellent earnings growth and strong balance sheets deliver better risk adjusted returns over the long term

  • GuruFocus.com

    Makaira Partners LLC Buys Fox Corp, Sells Zebra Technologies Corp, GCI Liberty Inc, Qurate ...

    La Jolla, CA, based Investment company Makaira Partners LLC (Current Portfolio) buys Fox Corp, sells Zebra Technologies Corp, GCI Liberty Inc, Qurate Retail Inc, CDW Corp, L Brands Inc during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Makaira Partners LLC. Continue reading...

  • 3 Great Active Mutual Funds for the Current Environment
    InvestorPlace

    3 Great Active Mutual Funds for the Current Environment

    There's a lot of debate over using active mutual funds versus their passive cousins. Much of that debate has low-cost index ETFs and mutual funds winning the fight. The truth is, most active mutual funds and their managers tend to underperform passive vehicles such as the iShares S&P 500 Index (NYSEARCA:IVV).However, investors shouldn't be so quick to throw away active mutual funds from their portfolios. There are situations when being active can pay some serious benefits. This is especially true in a volatile and rocky time such as this.For one thing, active funds don't have to stick to a certain basket of stocks. They can flee to cash when the market gets rough to avoid losses. At the same time, they can use down days to scoop up bargains. Moreover, multi-asset and go-anywhere funds don't have to stick out in stocks. They can go get a good return in any asset class -- stocks, bonds, you name it.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Undervalued Stocks With Breakout Potential The reality is, there are plenty of reasons to go active when the market gets wonky like this. Ignoring active mutual funds could be a recipe for disaster when volatility spikes and the market trends downwards. And with that, here are three top active mutual funds worth buying today. BlackRock Global Allocation Fund (MDLOX)Source: David Tran Photo / Shutterstock.com "Unconstrained in search of opportunity." That's how the BlackRock Global Allocation Fund (MUTF:MDLOX) bills itself. For nearly 30 years, the team at MDLOX has been combing the world's markets in search of better returns and they have succeeded in spades.With nearly $26 billion in assets, MDLOX is one of the largest go-anywhere mutual funds on the planet. Its wide-sweeping mandate allows it to buy stocks and bonds from nearly 40 countries as well as plenty of non-traditional asset classes.The fund's investment committee of more than 29 individuals aligns its portfolio with their general macroeconomic predictions. This has the fund changing its holdings as the market shifts direction or the managers see opportunities. In this case, a shift towards volatility and lower global economic conditions have it allocating more towards U.S. fixed-income assets of quality. Currently, the fund has roughly 65% of assets in stocks and about 30% in bonds.However, this could and will shift if the overall global economic situation changes.MDLOX's mandate has served investors well. The fund has long held a Morningstar Bronze Medal as well as top scores from Lipper. This has translated into some strong returns for the fund. Since its inception in 1994, the fund has managed to score a 9.74% average annual return. The best part is that it has managed to do just that with lower overall volatility than the S&P 500.In the end, MDLOX is a wonderful core active mutual fund for investors and it has proven itself over time. Expenses run 1.08%- or $108 per $10,000 invested. Many brokerages offer it without a sales charge and low minimums. T. Rowe Price Equity Income (PRFDX)Source: Shutterstock Dividends remain a great way to beat market volatility and get through the current environment. It's here that active mutual funds can shine. As the market dips, yields on quality dividend stocks go up. Active managers can snag these higher yields and quality stocks often on the cheap. A great fund to take advantage of this fact is T. Rowe Price Equity Income (MUTF:PRFDX).PRFDX focuses its attention on large-cap stocks here in the U.S. that pay dividends. However, the focus isn't just on headline yield. Manager John Linehan and his team are value investors at heart, and put more emphasis on quality over quantity. To meet the test, stocks have growing revenues, low debt levels and improving profit margins to be considered. Particular attention is made to price paid -- P/E, P/B, P/S ratios -- for shares. This conservative value investment approach is specifically done to limit potential downside and volatility over time.This focus on quality and value creates a rather concentrated portfolio. The fund stretches its nearly $21 billion dollars over just 127 different names including Pfizer (NYSE:PFE), utility Southern (NYSE:SO) and Microsoft (NASDAQ:MSFT).The focus on quality dividends has also worked wonders in the returns department. Over the last ten years, PRFDX has managed to return over 12% annually. With a big part of that return coming from dividends. And with the fund adding value over its benchmark in the recent bouts of volatility this year, it's worthy of a portfolio addition. * 10 Mid-Cap Dividend Stocks to Buy Now Expenses for the active mutual fund run at just 0.64%. Nuveen Preferred Securities and Income Fund (NPSAX)Source: Shutterstock With everyone running to safety these days, bond yields aren't exactly returning anything. Right now, you can score a 10-year Treasury bond paying about 1.67% in interest payments. That's not great at all. But holding too much in equities could make for a bumpy ride. The best bet? Combine them in preferred stock.Blending both attributes of equities and bonds, preferred stock provides a happy medium of high returns and lower risk. One of the best active mutual funds to dabble in the sector is the Nuveen Preferred Securities and Income Fund (MUTF:NPSAX).NPSAX combs the full gamut of preferred stocks to find values. That includes common $25 par issued retail preferreds as well as institutional $1,000 par valued stocks. Moreover, the team at Nuveen will search for deals across the entire credit spectrum and even internationally for bargains or high yields. the idea is to optimize value and create a balance between risk and reward. That has worked wonders for the active mutual fund -- with NPSAX gaining an annualized 9.66% per year over the last decade. That's pretty close to the broader market's return over that time and it came with far less volatility.There are other benefits to owning the fund as well. For one thing, NPSAX pays its dividend monthly. Even better is that dividend could be tax-advantaged for many investors. Most preferred stock dividends are considered qualified. This allows them to come in at 15% tax rate. This allows many investors to score a high monthly income -- currently a 4.82% yield -- at a low tax rate.With a Morningstar four-star rating and a low expense ratio of 0.78%, NPSAX offers one of the best active mutual funds to ride out the market's current storm with ease.At the time of writing, Aaron Levitt did not hold a position in any stock mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 3 Great Active Mutual Funds for the Current Environment appeared first on InvestorPlace.

  • BMY Stock Plus Celgene Will Be A Top 5 Pharma — But Should You Buy It?
    Investor's Business Daily

    BMY Stock Plus Celgene Will Be A Top 5 Pharma — But Should You Buy It?

    Pharmaceutical company Bristol-Myers has been in a downtrend since 2016 and after unveiling its merger with Celgene. Is now the right time to buy BMY stock?

  • 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever
    InvestorPlace

    10 Stocks That Every 30-Year-Old Should Buy and Hold Forever

    [Editor's note: "10 Stocks That Every 30-Year-Old Should Buy and Hold Forever" was previously published in April 2019. It has since been updated to include the most relevant information available.]By the age of 30, you should already have nearly a decade's worth of retirement savings under your belt. If you don't, you're not alone. A recent GoBankingRates survey showed that nearly half of the millennials questioned had no retirement savings at all.If you fall into that camp, keep in mind the old saying "better late than never," because it absolutely applies if you're only just starting to build a nest egg. If you just hit the big 3-0 and you've already been saving and investing for years, bravo; however, 30 is a great milestone to look over your investments and rebalance your portfolio with some of the best long-term stocks out there. InvestorPlace - Stock Market News, Stock Advice & Trading TipsUnlike in your 20s, risk is a much larger consideration a decade later. The market is bound to go up and down, and you have to assess whether or not you could handle a market-wide pullback. Moreover, you will want to keep some powder dry to buy on a dip. Income stocks that pay dividends become important stocks to buy at this stage, but choosing some riskier players shouldn't be completely off the table. * 10 Undervalued Stocks With Breakout Potential Of course, investors in their 30s should be holding some of their money in an index fund that will provide conservative growth. But here's a look at ten of the best long-term stocks to buy if you're in your 30s: Best Long-Term Stocks to Buy: Disney (DIS)I recommended Disney (NYSE:DIS) stock when the company's share price dipped below $100 following a racist tweet from Roseanne Barr, the star of one of the company's most successful sitcoms back in 2018. Disney responded by immediately canceling the show and distancing itself from Barr's hateful outburst, but investors worried that the loss of advertising from the canceled show would hurt advertising income.Since then, the market has come to its senses and DIS stock is back to trading above $135 per share.There are a few reasons Disney is one of the best long-term stocks to buy if you're building a portfolio in your 30s. The first is that the company is ripe for a major comeback.Disney is a solid company with a great deal of cash behind it. That means that even in the worst-case scenario, the firm has the money to spend on building out a streaming service from scratch and weather any storms that loom over the media space in the future. The firm also pays a respectable 1.3% dividend yield that will help balance out concerns about growth due to the firm's size. Netflix (NFLX)Another player in the streaming space worth considering one of the best long-term stocks to buy is Netflix (NASDAQ:NFLX).If you missed the boat on NFLX back in 2015 when shares were trading below $50, it might be a hard pill to swallow, but NFLX is still an excellent long-term bet despite the fact that its share price is over $300 today.The reason is that Netflix still has a long growth runway before investors should start to worry about the company becoming too large to produce the kind of growth they've become accustomed to. A company like, say, Apple Inc. (NASDAQ:AAPL) has a market cap of nearly $900 billion, making it unlikely that the firm can continue to grow at the same clip over the next decade. Netflix's market cap of $150 billion leaves plenty of space for the firm to catch up to its fellow FAANG peers over the next decade. * 10 Undervalued Stocks With Breakout Potential NFLX has the growth potential to do so as well. The company has proven that it has a good grasp on the population's ever-changing tastes, and although it has been expensive, Netflix's original content has been a huge draw for subscribers. While the U.S. market has been saturated, NFLX has only just begun its international expansion, leaving a long growth runway for the next few years.Over the past two years, Netflix has been preparing for a major push overseas, and those efforts are due to pay off over the next decade. GHB Insights' head of technology research Daniel Ives said he sees Netflix international expansion opening a potential market of 700 million subscribers in the next 2 years.So, although the streaming space is certainly getting more crowded, NFLX appears to have created a winning formula that makes it one of the best long-term stocks to buy and hold on to. Procter & Gamble (PG)Procter & Gamble (NYSE:PG) is one such stock to buy that, although boring, is a buy-and-hold-until-you-retire kind of stock.As I mentioned above, risk assessment is a huge part of building your portfolio in your 30s, and although you still have plenty of time to let risky bets play out, you should be thinking about adding some low-risk, solid stocks to your portfolio that will keep ticking along as the years go by.What makes PG stock one of the best long-term stocks to buy is that the company's management has a long history of maintaining a healthy cashflow and delivering shareholder returns and its 2.90% dividend yield will provide a reliable income.Not only that but PG's widely diversified business offers investors some security in times of economic trouble. Plus, PG sells a wide variety of necessities like toothpaste and soap, which are unlikely to take much of a hit even in the case of a recession.Increased competition is definitely something to keep in mind when considering PG, but the firm's strong financial position means it has the leeway to refocus its strategy and continue thriving in difficult conditions. Exxon Mobil (XOM)If you haven't started wading back into oil and gas stocks yet, now's your chance. And Exxon Mobil (NYSE:XOM) is one of the best long-term stocks to buy for a few reasons.Now that oil prices are starting to recover, it's worth revisiting the industry. The crash in crude oil prices helped weed out weaker firms and those that survived are coming back stronger than ever with more efficient operations and better future prospects. However, worries about oversupply are still in the forefront of investors mind, which has kept the sector from becoming too expensive.First, XOM's share price is still well below its 2015 highs, giving it plenty of room for a turnaround in the coming years. XOM stock is also working on an aggressive new strategy that includes a $2 billion pipeline in the Permian Basin. The firm also sees potential opportunities in Guyana and Brazil which are expected to help XOM ramp up production significantly over the next few years.Of course, oil prices will play a major role in whether or not XOM's plans are successful, but what's nice about owning Exxon shares is the fact that the company's integrated structure means it's not a direct oil play. So, although that means XOM won't see the same kinds of gains some of its peers do if oil prices spike, that also means it won't suffer the same losses should the opposite occur. * 10 Undervalued Stocks With Breakout Potential XOM also pays out a 5.1% dividend that has been raised every year for the past 36, taking the edge off some of the risk. Walmart (WMT)Discount superstore Walmart (NYSE:WMT) is often overlooked by investors because Amazon.com (NASDAQ:AMZN) tends to be their first choice. While I don't disagree that Amazon is still one of the best long-term stocks to buy, worries about WMT's future are largely overdone.Since being scathed by the ecommerce takeover a few years ago, WMT stock has made an impressive recovery and although the firm is still facing some headwinds, it's a solid stock to buy.Judging by the company's improving e-commerce sales, it looks like Walmart is on the right track to competing against the likes of Amazon. Amazon (AMZN)You'd have to be living under a rock to not have heard all the buzz surrounding Amazon over the past few years. If you haven't jumped on the AMZN stock bandwagon yet, though, there might still be time. Of course, you'd be much better off if you'd bought Amazon stock in 2012 when it was trading at just $200 per share, but the company still is one of the best long-term stocks to buy today.It might seem counterintuitive to consider AMZN when you look at the firm's massive $895 billion market cap and the fact that the company pays absolutely no dividends. Not to mention, AMZN stock has proven to be extremely volatile. However in your 30s you've still got time, and that means there's space in your portfolio for a little bit of wiggle room if you're comfortable with it.Aside from its dominance in e-commerce, Amazon is also a top dog in cloud computing, an industry destined to grow exponentially over the next few years. On top of that, AMZN is spreading its wings in a wide variety of industries including grocery and logistics and there are even rumors that the firm is working to make its way into the healthcare space as well. * 10 Undervalued Stocks With Breakout Potential It's hard to imagine AMZN's market cap getting much larger, but 30-somethings would be remiss not to consider Amazon stock to juice up their gains over the next five or 10 years. Berkshire Hathaway (BRK.B)It would be impossible to talk about the best long-term stocks without including Berkshire Hathaway Inc. (NYSE:BRK.B), run by legendary investor Warren Buffett. Of course, if you're 30 and just picking up Berkshire Hathaway stock now, then you're about to miss the boat in terms of benefiting from Buffett's infamous investing sense. However, that doesn't make BRK.B a bad long-term pick. The company has new fund managers at the helm who've already started taking over some of the firm's investment decisions and you can't argue with the value the firm already possesses. Berkshire has a roundup of defensive stocks that will help the firm ride out troubled markets, but the firm will also keep up with upward market trends. If nothing else, Berkshire stock is a great stabilizer that will round out your portfolio and mitigate against major market events making it one of the best long-term stocks 30-something crowd. Unilever (UN)Another consumer products stock to add to your list of the best long-term stocks is Unilever (NYSE:UN). The company has become massively efficient after undergoing major cost-cutting initiatives over the past few years in order to better compete as the industry became more and more competitive.That bodes well for the future because it means the company will be well prepared in the event of a recession, not to mention that the company sells a wide variety of basic necessities, which tend to continue selling even when purse strings are tight. * 10 Undervalued Stocks With Breakout Potential Another reason UN makes for a good stock to buy is the firm's presence in emerging markets. In 2017, more than half of the company's reported sales came from emerging markets. The company's huge footprint within emerging markets sets it apart from its peers because it creates a great long-term growth runway that others don't have access to. Microsoft (MSFT)Another steady-stock to buy in your 30s is Microsoft (NASDAQ:MSFT). Like a few others on this list, MSFT stock isn't exactly the most exciting stock, but it will do its job and make you some money. Unlike others in the IT industry, MSTF is mature which, in this case, translates to stability rather than falling out of touch with what consumers want. Right now MSFT is working to pivot away from its traditional software business and focusing on growth in its cloud business, which includes subscriptions like Office 365 as well as Azure, Microsoft's answer to Amazon Web Services. Growth in that arm of MSFT's business has been strong. With a P/E of 27 and a dividend yield of just 1.33%, there's no doubting that MSFT is an expensive stock, but you're paying a premium for a well run, solid business that has and will continue to withstand the test of time. Waste Management (WM)It's all well and good to invest in the next hot tech trend or retail story, but if you really want to make a play on future trends then look no further than Waste Management (NYSE:WM), the company that handles everyone's garbage. One thing is for certain, over the next few decades people are going to generate waste, and WM will be there to dispose of it. That makes it one of the best long-term stocks to buy.Not only does WM have a wide moat because of the regulatory permits it holds and its huge network of landfills, but the firm has also diversified its business to offer more than just waste collection and landfill maintenance. Waste Management also handles recycling and has been developing a way to turn landfill gas into energy. That means that as greener living continues to gain traction, WM will benefit as well. * 5 Stocks to Buy With High-Margin Recurring Revenue However, perhaps the most alluring reason to add WM stock to your portfolio is the firm's 1.7% dividend yield. The company has been raising its dividend annually for the past 15 years and there's no reason to expect that to stop anytime soon.As of this writing, Laura Hoy was long AMZN, AAPL, UN and NFLX. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever appeared first on InvestorPlace.

  • 3 Reasons Alphabet Stock Is Still a Bargain Amid Trade War Peril
    InvestorPlace

    3 Reasons Alphabet Stock Is Still a Bargain Amid Trade War Peril

    Fears of a trade war with China, coupled with the specter of an upcoming recession, have hit the market hard. But shares of Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) have so far managed to stay afloat, falling from a 52-week high of $1,289 down to a recent close of $1,164. This modest fall of just under 10% shows just how resilient Alphabet stock is.Source: Valeriya Zankovych / Shutterstock.com By comparison, both Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) are both down by nearly 15% from their 52-week highs.With last week marking the fourth anniversary of the creation of Alphabet stock, which has Google as its core operating unit, there is still plenty of gasoline left in the tank.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe restructuring of the company separated the core internet business, www.Google.com, from the peripheral mega-tech moonshots, which may take a decade or more to pay off. Whether its self-driving vehicles, artificial intelligence or healthcare, buying Alphabet stock is like placing many different bets on many different areas of the global economy that technology will re-invent. At the same time, GOOGL's core business generating internet advertising revenues remains rock-solid and growing.With all of that in mind, here are three key reasons why GOOGL stock is a strong buy. GOOGL Is Unaffected by the Threat of a China Trade WarThe bulk of Alphabet's revenues are generated in Western economies, particularly North America and Europe. Advertising sales in these markets are not affected by a slowdown in exports to China nor increased tariffs of cheap Chinese imports. * The 10 Best Cheap Stocks to Buy Right Now Goldman Sachs has recommended a service sector strategy, as opposed to goods manufacturers, for investing around the threat of a trade war."Services stocks have less exposure to trade conflict given they have lower foreign input costs that might be subject to tariffs and lower non-US sales than Goods firms," said Goldman Sachs strategist David Kostin.In his client note, Kostin recommends buying stocks such as Alphabet as well as Microsoft (NASDAQ:MSFT), JP Morgan Chase (NYSE:JPM) and Amazon as a part of a greater strategy to circumvent trade war woes. Alphabet Stock Is Backed by Strong Top Line RevenuesGoogle has consistently delivered growth in top lines revenues for the last five years. There is little reason why this trend will stop anytime soon.Further, GOOGL posted net positive earnings every year for the previous five years. At the same time, GOOGL is heavily invested in moonshots that should help bolster the GOOGL stock price in the future when the ideas behind these businesses are fully realized and start to pay off. And many of these moonshots should pay off just when the internet sector becomes a mature industry, just like steel, autos and telecom from decades past with ever-dwindling profit margins.This aspect alone makes GOOGL stock an appealing long-term stock to buy. Google Cloud Is Driving GrowthGoogle cloud revenues are not broken down separately but instead reported within the broader Alphabet segment "Google Other Revenues." While Alphabet management has made it clear that Google Cloud Services (GCS) is their fastest-growing business, they have not given specific numbers.However, the management consulting firm Gartner estimates that the total global cloud market is expected to grow to $331.2 billion in 2022 at a CAGR of 16.1%. Google has invested heavily in cloud technology with many analysts estimating that GCS alone could generate $20 billion form Alphabet stock by the end of 2020. Bottom Line on GOOGL StockAlphabet has covered the roulette table with chips. From their proven core business of internet advertising to the further-off possibility of autonomous vehicles -- propelled by a dynamic cloud business in-between -- Alphabet is undoubtedly holding out well in the current market storm.When the selloff in tech stocks finally plays out, the GOOGL stock price could be set for a strong bounce back.As of this writing, Theodore Kim did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 3 Reasons Alphabet Stock Is Still a Bargain Amid Trade War Peril appeared first on InvestorPlace.

  • Apple's TV Splurge Just Adds to the Madness
    Bloomberg

    Apple's TV Splurge Just Adds to the Madness

    (Bloomberg Opinion) -- Get ready, TV fans, because the next few months are going to be wild. Apple Inc., AT&T Inc., Netflix Inc. and Walt Disney Co. are spending billions of dollars on so much new streaming content that there will be little reason to leave your couch this winter – or to keep your cable subscription.Apple gave a taste yesterday of what it’s been working on by releasing a trailer for “The Morning Show,” an original series that looks so good it could easily be mistaken for an HBO production. With an all-star cast led by Jennifer Aniston, Reese Witherspoon and Steve Carell, Apple is said to be spending $300 million alone for the first two seasons. The company has committed a whopping $6 billion overall to produce original shows and movies, according to the Financial Times, which would match what Netflix spent in 2017 and would also be in the same ballpark as Amazon.com Inc.’s expected content investment for this year. Other outlets have disputed that Apple’s budget is quite so large. Either way, it’s clear the iPhone maker is serious about streaming. The Apple TV+ and Disney+ video-on-demand apps will both be available by mid-November, followed by AT&T’s HBO Max product. They are game-changers for the pay-TV industry, already littered with live-TV streaming products from Sling TV to YouTube TV.Disney has spent about $15 million per episode to make “The Mandalorian,” a live-action “Star Wars” series that will serve as the flagship of Disney+, according to the Wall Street Journal. That’s about $120 million for the first season, which isn’t far from what Disney shelled out for “Captain Marvel,” the third-biggest movie of the year in terms of U.S. box-office ticket sales. The company expects to invest more than $1 billion in original content for the app next year and another roughly $1 billion for licensed content. These streaming wars are risky. Studio owners generally have a sense of what a TV program could deliver in advertising revenue and how large of a theater audience a film might draw. But Disney+ will charge just $7 a month and contain no ads. The company is betting it can build a large enough customer base so that all these pricey investments that have shareholders wincing right now will pay off some day.In the Apple TV trailer above, Aniston’s character at one point says, “I just need to be able to control the narrative so that I am not written out of it.” It struck me as funny because that’s exactly what Disney and its peers are trying to do as they flood the market with content and turn a blind eye to the cost. Disney predicts it will have 60 million to 90 million Disney+ subscribers globally by the end of fiscal 2024, when the app finally begins making money. Analysts see Apple TV+ topping 100 million in the next five years, according to Bloomberg News. While both are starting from zero, they do have the advantage of strong, far-reaching customer relationships – Disney through its movies and theme parks, and Apple by physically being in most of our pockets already. Netflix is protecting its turf by lighting it on fire. It’s projected to spend about $15 billion for in-house and licensed content this year while burning $3 billion of free cash flow. The company paid $100 million just to keep “Friends” on its platform through 2019. Even though the sitcom hasn’t aired new episodes in more than 15 years, it’s the second-most-watched program on Netflix. After this year, AT&T is reclaiming the rights to the show for its HBO Max product.A little over a year ago, Casey Bloys, HBO’s programming chief, referred to such spending as “irrational exuberance.” But then earlier this year, his boss, HBO Chairman Richard Plepler, left the company in a shake-up by its new parent AT&T. HBO is now ramping up its production slate to reduce churn, or the rate at which bored subscribers are canceling, and HBO Max is reportedly paying $425 million to carry “Friends” for five years starting in 2020. Likewise, the Wall Street Journal reported that Comcast Corp.’s NBCUniversal has its own $500 million five-year exclusive rights deal for “The Office,” the No. 1 show on Netflix. There is a potential fallacy in the companies’ thinking around these lavish deals: What if Netflix subscribers were streaming “Friends” and “The Office” for hours on end simply for background noise, something to mindlessly tune in and out of as they scrolled Instagram or did chores? In that case, perhaps users won’t necessarily miss those specific shows and won’t switch to other services at a rate that would come close to justifying nearly $1 billion for two old sitcoms. In any case, I keep writing about the frustration of needing to pay for and toggle between numerous apps just to access all your favorite content and the confusion that comes with doing so. It’s only going to get worse once Apple TV+, Disney+ and HBO Max launch. But at least there will be no shortage of stuff to watch, and with all this money being thrown around, you know it’ll be good. To contact the author of this story: Tara Lachapelle at tlachapelle@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering deals, Berkshire Hathaway Inc., media and telecommunications. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

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