NFLX - Netflix, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
+6.50 (+1.85%)
At close: 4:00PM EDT
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Previous Close 350.62
Open 355.57
Bid 358.00 x 800
Ask 358.45 x 1200
Day's Range 353.75 - 361.49
52 Week Range 231.23 - 423.21
Volume 5,428,542
Avg. Volume 6,717,548
Market Cap 156.14B
Beta (3Y Monthly) 1.51
PE Ratio (TTM) 127.54
EPS (TTM) 2.80
Earnings Date Jul 17, 2019
Forward Dividend & Yield N/A (N/A)
Ex-Dividend Date N/A
1y Target Est 388.62
Trade prices are not sourced from all markets
  • Disney’s upcoming streaming service is even hotter than expected
    Yahoo Finance 8 hours ago

    Disney’s upcoming streaming service is even hotter than expected

    Analysts at UBS say Disney+, the iconic media company’s OTT subscription service, is getting more hype than expected.

  • Disney+ Continues to Get the Hype
    Yahoo Finance Video 11 hours ago

    Disney+ Continues to Get the Hype

    The anticipation for Disney+ is high and analyst expect subscriptions to be strong after its launch in November. UBS analysts say in a survey the company could have 20-30% penetration by 2030.

  • Netflix responds to backlash over 'Prank Encounters'
    Yahoo Finance Video 11 hours ago

    Netflix responds to backlash over 'Prank Encounters'

    Yahoo Finance's Adam Shaprio and Julie Hyman sit down with Cornell Capital Partner Ann Berry and Cumberland Advisors Chairman & Chief Investment Officer David Kotok to discuss.

  • Buy & Hold Disney (DIS) Stock at New Highs on Streaming TV Future?
    Zacks 6 hours ago

    Buy & Hold Disney (DIS) Stock at New Highs on Streaming TV Future?

    Disney is a stock that Wall Street is laser-focused on as the entertainment powerhouse prepares to launch its streaming TV platform in the fall. So is it time to buy DIS stock at new highs?

  • Netflix (NFLX) Outpaces Stock Market Gains: What You Should Know
    Zacks 7 hours ago

    Netflix (NFLX) Outpaces Stock Market Gains: What You Should Know

    Netflix (NFLX) closed the most recent trading day at $357.16, moving +1.87% from the previous trading session.

  • Disney Stock: Will The Force Be With Galaxy's Edge 'Star Wars' Land?
    Investor's Business Daily 8 hours ago

    Disney Stock: Will The Force Be With Galaxy's Edge 'Star Wars' Land?

    While Netflix stock struggles to retake its 50-day line, Disney stock is testing a buy point after launching "Star Wars" land and detailing Disney+.

  • Disney's Biggest Blockbuster This Year May Not Be A Movie
    Investor's Business Daily 9 hours ago

    Disney's Biggest Blockbuster This Year May Not Be A Movie

    Walt Disney is seeing stronger interest for its upcoming Disney+ streaming service than expected, a poll shows.

  • Buy Netflix (NFLX) Stock After Analyst Optimism?
    Zacks 9 hours ago

    Buy Netflix (NFLX) Stock After Analyst Optimism?

    Shares of Netflix (NFLX) went up roughly 3% on Monday after William Blair analyst Ralph Schackart reiterated his bullish sentiment

  • AT&T Stock’s TV-Driven Turbulence Will Be Worth It
    InvestorPlace 11 hours ago

    AT&T Stock’s TV-Driven Turbulence Will Be Worth It

    There's no denying telecom giant AT&T (NYSE:T) has painted itself into a corner on the television front. But the owners of T stock can at least cheer the fact that, if nothing else, AT&T's video business should start to deliver better profit margins beginning next year.Source: Shutterstock That's coming at a price, of course. Subscribers of DirecTV Now , a streaming version of the satellite TV service, are cancelling in droves. Over the course of the past two reported quarters, the company has lost 1.3 million video customers. About 350,000 of those former subscribers unwilling to pay the recently-upped rates. AT&T's upcoming introduction of a Time Warner-streaming product may only fuel more DirecTV cancellations. * 5 Stocks to Buy for $20 or Less Whatever's in the cards, however, it's quite clear that AT&T CEO Randall Stephenson is finally willing to swallow the much-needed bitter pill.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Dropping Dead WeightAT&T once assumed that using loss-leader cable-television packages to attract consumers into its ecosystem would ultimately position the company to cross-sell those customers more profitable products like broadband service and even wireless service.That's not how things panned out, though. Often sold at a promotional price point that was likely to be less than AT&T's procurement costs, the DirecTV experiment that began back in 2015 never turned into the cash cow (or even the marketing hook) it was supposed to be.A little company called Netflix (NASDAQ:NFLX) played a role in that disappointment as well.And, while what the future holds still isn't entirely clear now that Time Warner is part of the AT&T family, the owners of T stock can count on the future not looking like the past. Stephenson, AT&T's CEO, explained the situation at an investor conference hosted by JP Morgan last month:"This is going to be a year of just cleaning up the video business. And we've been hard at work on content agreements and getting content agreements done in a way that gives us sustainability and profitability in this business. But the other element to give you sustainable profitability is cleaning up the customer base. Because we have a number of customers on our rolls that are very low-ARPU (average revenue per user) customers and we don't see any line of sight to getting them to a profitable level. And so as these customers' contracts or whatnot are coming up, there are many who are opting to just leave…"Those lower ARPU customers aren't entirely gone, though. Analysts and investors alike are anticipating another net loss of DirecTV customers for the current quarter.But that may actually help T stock The Price War Is Cooling OffSending any customer into a rival's arms feels like a step in the wrong direction,. But there's a growing realization among most industry players tha any sort of video package has to be profitable on its own.MultiChannel News' Daniel Frankel noted in March that "The new normal (price) for (subscription TV providers) is about to be at least $50 a month."That jibes with the $50 to $60 price range AT&T's Stephenson suggested felt right in December. While that's still more than Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) charges per month for access to a cable alternative called YouTube TV, YouTube TV is also believed to be losing money. Hulu, mostly owned by Walt Disney (NYSE:DIS), asks $45 per month for access to live broadcasts, but it, too, remains unprofitable largely because of the steep expenses associated with live television. But archived, on-demand content is relatively cheap.It wouldn't be unreasonable to expect rival subscription TV players to also start ratcheting their rates up now that there's no "early market share" to secure.As for a non-broadcast streaming service from T, the planned platform from Time Warner will handle those duties.The hinted monthly price of between $16 and $17 per month for the Time Warner offering would make AT&T's option pricier than Netflix's basic package. In fact, at that price point, AT&T's service would be among the most expensive online, on-demand options. It would be an incredibly robust offering though, so it would have a chance to draw a big enough crowd to enable it to actually operate in the black.The typical on-demand price point for online video also seems to be stabilizing somewhere between $12 and $20 for a reason. That's where companies can have a shot at operating in the black but still remain competitive. The Bottom Line on T StockAT&T's television business is still a moving target. Odds are good that the company will continue to bleed TV customers through the end of the year, as the lower-ARPU crowd balks at price increases and finds other options. And, with the Time Warner service not expected to come online until late this year or early next year, the remainder of 2019 could prove frustrating for the owners of AT&T stock.Don't sweat it though. These are growing pains that represents progress along the learning curve. Sustainability is finally becoming a reality, although it's out of necessity.AT&T's rivals are even starting to embrace this reality too, as are investors in T stock who would now rather see healthier profit margins than big-time revenue. That's especially true, given the company's plans this year to pay down the lion's share of the $40 billion worth of debt it took on in order to complete the Time Warner acquisition.Just don't be surprised if the transition proves to be an erratic one for AT&T stock price.As of this writing, James Brumley held a long position in AT&T. You can learn more about James at his site,, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post AT&T Stock's TV-Driven Turbulence Will Be Worth It appeared first on InvestorPlace.

  • Here’s How Amazon Stock Pays Practically Nothing in Taxes
    InvestorPlace 12 hours ago

    Here’s How Amazon Stock Pays Practically Nothing in Taxes

    It's not difficult to use (NASDAQ:AMZN) as a proverbial punching bag. Not only does the internet behemoth pay practically nothing in corporate income taxes, but with Amazon stock at its current price, CEO Jeff Bezos is the world's wealthiest man. Such a high profile keeps everything he and his company does under constant scrutiny.Source: Shutterstock The world has not been shy about doing so either, consistently pointing out how little the big company hands over to the IRS in any given year. Presidential candidate Joe Biden was the most recent to chime in, echoing similar sentiments served up by fellow Democrats Bernie Sanders and Alexandria Ocasio-Cortez.It's been straw man for years though.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhatever the history of the criticism, as is so often the case in the game of political rhetoric, inconvenient details are omitted as needed. The reality is Amazon pays every penny of taxes it owes.And, perhaps more prescient to current and prospective owners of Amazon stock, there's going to come a point in time when the company is forced to pay a tax bill that looks a little more like those paid by comparable corporations. Every Penny OwedLast year's tax bill? Nada. Zip. In fact, Amazon received a refund of $129 million despite a pretax profit of $10.8 billion. That was only a little less than its 2017 refund, when it booked a pretax profit of $5.4 billion. * 5 Stocks to Buy for $20 or Less Investors need to be careful about lumping all tax liabilities into one aggregate sum though. While it's true that Amazon hasn't paid any Federal income tax since 2016 (and even before then paid very little), there is more to a corporate tax liability than just Federal taxes on profits. The frustration is ultimately rooted in deductions that have been reducing corporate tax liabilities since well before President Donald Trump's business-friendly tax code overhaul went into effect in 2017. Namely, the company's investments in research and development (R&D), its investment in property and equipment, and the cost of shares granted to employees as part of compensation packages all whittle down Amazon's tax liability in any given year. In most cases, that spending pares back tax bills on a dollar-for-dollar basis.For 2018, R&D spending shaved $419 million from its tax liability. Stock-based compensation took it down another $1.1 billion.Then there's the historical losses being carried forward to offset future profits.Although with a different schedule, as is the case for personal income taxes, losses that would exceed maximums permitted in any given year can be saved and then applied in later years, until fully operated in the red for years since its inception in 1994, only turning a reliably recurring profit after 2014. There are still past losses on the books that will be used to offset future earnings' incurred taxes. With profits now the new norm, Amazon is using up the remainder of those past losses at a healthy clip.Most important: Amazon has, to the best of its ability, remained 100% compliant with U.S. and state tax laws, paying every penny it owes even if not one cent more. The Rest of the Story for AMZNTo that end, it's unfair to acknowledge-but-excuse Amazon's modest tax burden without pointing out a bigger-picture upside. That is, while Amazon may owe little to no taxes in any given year, it's still responsible for facilitating an enormous degree of tax revenue that might never take shape if the company didn't exist.Case in point: Amazon turned over $1.18 billion worth of state, local, and international tax receipts to the appropriate entities in 2018.Perhaps the most relevant but most overlooked nuance of Amazon's tax-revenue driving capacity is the write-down of its stock-based compensation plan. While the program reduces income that would otherwise be taxed at a maximum of 21%, it's passed along to high-earning employees who may pay a marginal rate of as much as 37% on the entire amount of Amazon stock granted them.In a sense, by paying less in corporate income tax, it's possible Amazon is generating even more tax revenue than it would by spurring greater personal income tax receipts.Less directly, the tax-reducing spending on research and property -- an option offered to all corporations -- helps create jobs that spur more tax collection. That's why such spending is incentivized. Bottom Line for Amazon StockFor the record, it's not just Amazon that hasn't paid Federal income tax. General Motors (NYSE:GM), Netflix (NASDAQ:NFLX), Southwest Airlines (NYSE:LUV) and a whole slew of other major corporations have sidestepped at least one year's worth of tax liability of late; many have sidestepped a tax bill more than once.Amazon has proven to be the poster child for the problem, however, by virtue of being the most pervasive brand name among the major offenders. The fact that it has been accused of underpaying and overworking many of its employees hasn't helped keep the public's eye off of the organization.While Amazon stock owners are enjoying the limited amount of taxes the company has been paying, it is not a situation that will last indefinitely. Sooner or later the carry-forward losses will be used up.In the meantime, to continue the growth-investment-oriented tax breaks, has to continue capital spending rather than passing income along to shareholders. Eventually the company may run out of things worth buying for the purpose of driving growth. Most of those funds would, for most other outfits, be passed along directly to shareholders. That's no small trade-off.Stock-based compensation also proves dilutive to existing shareholders.Amazon may not be paying Federal income taxes, but that advantage is still coming at a price, of sorts.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,, or follow him on Twitter at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post Here's How Amazon Stock Pays Practically Nothing in Taxes appeared first on InvestorPlace.

  • WarnerMedia thinks it can take on Netflix by doing less, but better
    Quartz 12 hours ago

    WarnerMedia thinks it can take on Netflix by doing less, but better

    The new WarnerMedia entertainment boss threw some shade at Netflix's inordinate volume of content, which he argued sometimes comes at the expense of quality.

  • 3 Internet Stocks to Be Bullish On
    InvestorPlace 13 hours ago

    3 Internet Stocks to Be Bullish On

    The internet is a magical thing and it continues to improve our lives in ways we did not imagine. For example, we can now communicate face to face with friends and family across the globe easier than ever. Because of the internet, we conduct business remotely from almost any place on earth. And best of all, this is only the beginning. The concept is still so new that we continue to find new applications.And therein lies today's opportunity. Even though equity markets seem top heavy, there still are internet stocks that have a lot more upside to offer. I focus on three of them today that still are going higher: Facebook (NASDAQ:FB), Disney (NYSE:DIS) and Square (NYSE:SQ).Equity markets are nervous going into a U.S. Federal Reserve rate decision and the G20 summit. What makes matters worse is that stocks are near their all-time highs and the bulls are edgy; no one wants to be left holding the proverbial bag.InvestorPlace - Stock Market News, Stock Advice & Trading TipsEmotions are high and the opinions are bifurcated. The bulls want to set new highs but they are worried about the geopolitical headlines. The bears, on the other hand, have a ton of reasons why they should continue to short stocks.So much can go wrong with the economic war with China. And the situation in the Middle East is still unstable. Headlines are misleading so I ignore them and focus on the individual stock thesis instead.The U.S. has full employment, so basically everyone who wants a job has one. And the cherry on top is that the Fed has recommitted to cut rates to defend the economy if it needs it. So the macroeconomic environment is still strong to support healthy company profit and loss statements that I can bet on.Under this prism, there are exciting trends that have more upside potential. Today, I discuss three specific winning concepts where the rallies are strong and still not done.Arguably the internet is the most important change we've had in recent generations. Most of the world now has access to a smartphone. We are all connected, independent of time and place. Case in point -- FB has 2.4 billion monthly active users world wide who share their lives remotely, unbound by borders.Suddenly "the cloud" in conversations no longer refers to weather. The world is in a massive trend to move all transactions online, and companies like Square (NASDAQ:SQ) are facilitating the process. Amazon (NASDAQ:AMZN) created the cloud in its current size. Others, like Netflix (NASDAQ:NFLX), used it to change how the world consumes media. * 5 Stocks to Buy for $20 or Less They have rallied a lot, but the opportunity isn't gone. There is still plenty of upside potential to go in these stocks to buy. Internet Stocks to Buy: Facebook (FB)Source: Shutterstock Facebook is the prime example of a company that took the world by storm. After a rough start, its stock is now up over 180% in five years. This years it's up 44%, which is three times better than the S&P 500. This kind of momentum is hard to chase because it perpetually seems ready for a correction.In this case, however, there is plenty of upside room to go as we clearly saw this week.Just yesterday, FB stock spiked 4%, and buyers are adding to it today on speculation that it will launch a cryptocurrency marketplace. This could be a game changer. It's not a coincidence that Bitcoin rallied hugely of late and is now over $9,000. So where there is smoke there is fire, and this will get global interest. There are plenty of areas outside of the U.S. that need blockchain service like this.Facebook's globally reach is so vast that we cannot really forecast the contribution that a new coin can deliver to the bottom line. The scope is so large that this is reason enough to buy Facebook stock and hold it. The company is humble about the monetary reward from it, but I bet it will come.Although critics will try, I bet that it will be hard for bears to emphatically kill this new thesis. The concept is murky enough that it will linger for a few weeks. Shorting FB becomes a hazardous endeavor while Wall Street digests the fuzziness over the crypto effect on its bottom line. I was already bullish on Facebook and this new chapter just adds fuel to the fire. Disney (DIS)Source: Baron Valium via FlickrThe second stock in focus today is one that has completely obliterated the shorts of late: Disney.It's up 30% this year, and I bet still has more to go.When a stock rallies this fast, especially one as "normal" as DIS stock, it's easy to want to short it. After all, this is not a cloud stock but it certainly making the transition into one. It is almost ready to enter the streaming race with its own service. Netflix has the first-mover advantage there but DIS will hit the market with an absolute winner. I bet that every kid on the planet will pressure their parent into subscribing to Disney's new streaming service. * 7 Top-Rated Biotech Stocks to Invest In Today Wall Street is trying to price that potential in, but I still think they are underestimating its impact on the bottom line. Disney already owns a ton of content that is still in high demand. Even after the spike, DIS stock still sells at a 16x trailing price-to-earnings ratio. It is important to note that this doesn't include any forward speculation, it's based on actual past-12-months results.I bet that DIS will blow away all membership estimates and the feeding frenzy for Disney stock will kick into hyper gear. Square (SQ)Source: Via SquareThe third opportunity of the day is Square.Some financial tech, or fintech, stocks are soaring. SQ stock is one of them lately. It used to lead the sector, but recently it has fallen behind its more mature competitors like Visa (NYSE:V), MasterCard (NYSE:MA) and Paypal (NASDAQ:PYPL). This is not through any fault of its fundamentals, so I bet that there is a catch-up trade unfolding.Once SQ stock crossed $68, it triggered a bullish pattern to target $84 per share. There will be resistance around $76, but if markets continue higher then SQ should fill the potential. From there, it could regain its upward momentum and join V and MA at their all-time highs.Unlike FB and DIS, SQ stock is not cheap from the traditional sense. It still loses money but it's relatively new so it needs time to grow into its valuation. As long as it continues to deliver the growth then Wall Street will continue to ignore its high valuation for now.The bottom line is that Facebook, Disney and SQ are three internet stocks to buy that are proven winners and will continue to shine. Under these favorable macroeconomic conditions, they will continue to rally because they truly have even better futures ahead. Their management teams are executing on plans very well as they aim to thrive in this new technology world.Nicolas Chahine is the managing director of As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room free here. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post 3 Internet Stocks to Be Bullish On appeared first on InvestorPlace.

  • Bloomberg 14 hours ago

    Facebook’s Libra Wanders Into the Bitcoin Bear Trap

    (Bloomberg Opinion) -- Facebook Inc. on Tuesday launched its ambitious new cryptocurrency, which targets 2.6 billion users and is backed by up to $1 billion in funds. For the blockchain faithful, there was plenty of the usual stuff you see in these kinds of projects: A white paper, a nonprofit consortium to govern the digital coins, geeky technical details on how transactions will be validated, and the promise of open-source code.But for consumers, who will decide ultimately whether or not Libra is a flop, there was only a slightly underwhelming hint of what it might actually be used for: A picture of someone sending money to someone else via a smartphone.Even setting aside the various risks thrown up by the Libra white paper (financial stability, user privacy, and whether it could cope with hundreds of millions of daily transactions), you have to ask why it might be a compelling product. The service described by Facebook, namely sending money “as you might send a text message,” is already offered by plenty of other companies such as Alphabet Inc.’s Google, Apple Cash, PayPal Holdings Inc.’s Venmo and Circle, a peer-to-peer payments provider that lets you transfer traditional fiat currencies.Indeed, Facebook itself lets you send cash through its Messaging app. The company even had its own virtual currency before, called Credits, for the purchasing of content from within apps. It didn’t take off.Libra’s sales pitch says that “in time, we hope to offer additional services for people and businesses, like paying bills with the push of a button, buying a cup of coffee with the scan of a code or riding your local public transit without needing to carry cash or a metro pass.” It’s true that you can’t do that on every payments app. But Facebook founder Mark Zuckerberg faces plenty of competition in the race toward a cashless society, with other corporate and government rivals already well advanced in their plans. Sweden, for example, is on the road to becoming cashless as soon as 2023. The local mobile payments service Swish was used by about 60 percent of Swedes in 2018, according to a Riksbank survey. It has more than 6.7 million users in the country.This isn’t to write off Facebook’s chances completely. Maybe its financial heft and vast number of users could turn something that’s already pretty convenient today (money transfers and payments) into something ultra-convenient. Imagine a pot of Libra tokens that could pay directly for every goods purchase or app subscription without the need for any currency conversion or card payment. This would, though, depend on Facebook’s ability to manage the huge technical challenge of designing a single coin that can be used truly anywhere.To become a genuinely universal medium of exchange, the company would need to get rival tech giants like Amazon.Com Inc. and Netflix Inc. on board. And why would they want to do Zuckerberg any favors? The idea that Libra is really at arm’s length from his social media empire of Facebook, Instagram and WhatsApp is debatable. Facebook plans to lead the Libra consortium for the rest of 2019, and it will be at least five years before the blockchain technology that supports the tokens is completely decentralized. The ultimate dream of any crypto project worth its salt is that the digital currency doesn’t rely on a single point of control. But even if Facebook manages to get there, does Zuckerberg really want to embrace the dangers of a Wild West cryptocurrency? Bitcoin is a lesson here.And what about Facebook’s targeting of the “unbanked,” or those in the developing world struggling with volatile currencies? Bitcoin and its ilk promised to address the same problems, and have failed completely to help anyone other than speculators and criminals.Zuckerberg’s own patchy record on international payments should give pause too. WhatsApp Pay has struggled to gain regulatory acceptance in India, the world’s top remittance market, because its data storage practices didn’t meet national standards. Libra will have to answer a lot of similar questions about its financial structure and treatment of customer information.Facebook has been on a mission over the past year to recapture the trust of its users. Libra certainly demands a lot of faith.To contact the author of this story: Lionel Laurent at llaurent2@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Lionel Laurent is a Bloomberg Opinion columnist covering Brussels. He previously worked at Reuters and Forbes.For more articles like this, please visit us at©2019 Bloomberg L.P.

  • This Is What Netflix Is Pursuing in India
    Market Realist 17 hours ago

    This Is What Netflix Is Pursuing in India

    India's online video market, comprising subscription and advertising sales, will grow ten times in the next five years to reach $5.0 billion by 2023 from $500 million in 2018, estimates BCG.

  • Surging Netflix stock snaps losing streak after analyst foresees U.S. subscriber number topping estimate
    MarketWatch 18 hours ago

    Surging Netflix stock snaps losing streak after analyst foresees U.S. subscriber number topping estimate

    Shares of Netflix Inc. surged Monday, on track for the first gain in six sessions, after a Piper Jaffray analyst said he expects the video streaming giant to beat second-quarter U.S. subscriber growth expectations.

  • 18 hours ago

    Netflix Rises 3% - Netflix (NASDAQ:NFLX) rose by 3.01% to trade at $361.25 by 10:57 (14:57 GMT) on Tuesday on the NASDAQ exchange.

  • Financial Times yesterday

    New media brands thrive on user experience

    The rise of the internet has upset the balance of power in media, handing it to those brands with a laser focus on user experience. This year’s list reflects that trend as the biggest risers up the ranking include Netflix whose brand value blossomed by 65 per cent, boosting it by 27 places, and Instagram which nearly doubled in value as it was propelled 47 places higher into the top 50.

  • Apple Really Wants to Win an Oscar
    Motley Fool 2 days ago

    Apple Really Wants to Win an Oscar

    Taking home an Academy Award could legitimize Apple's confusing entry into video streaming.

  • 5 Companies Looking to Cash In on Netflix's "Stranger Things"
    Motley Fool 2 days ago

    5 Companies Looking to Cash In on Netflix's "Stranger Things"

    Merchandising is a small but growing area of Netflix's business.

  • Management Turnover Adds Even More Uncertainty for Uber Stock
    InvestorPlace 2 days ago

    Management Turnover Adds Even More Uncertainty for Uber Stock

    Uber (NYSE:UBER) shares dropped another 3.3% over the past week, after the company announced some surprising management changes. On June 7, Uber announced COO Barney Harford and CMO Rebecca Messina are leaving the company.Source: Shutterstock For a company with a huge amount of near-term uncertainty, this latest Uber news was frustrating for investors on many fronts. The timing of the announcement is suspicious at best and yet another reason investors should think twice about buying Uber stock. Suspicious TimingIt's probably very difficult for Uber stock investors not to be cynical about the timing of these management departures. The Uber IPO happened just one month ago. The company and the executives involved would likely never admit it, but there's no way these departures came completely out of the blue within the past month.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Top-Rated Biotech Stocks to Invest In Today Uber and/or the executives leaving knew what they were doing. Announcing a management shuffle right before an IPO creates uncertainty in the market. It might weigh on IPO demand and valuation. Announcing the departures right after the Uber IPO creates too much suspicion that the company was withholding the announcement. Announcing the departures one month after the IPO creates enough plausible deniability that the company/executives won't get too much heat.I don't know if Uber or the executives leaving are to blame. Either way, this announcement was carefully timed. There's nothing deceptive or fraudulent about the timing of executive departures; however, this was a Public Relations 101 move to make the announcement after the dust settled on the Uber IPO.You don't have to take my word for it."While the timing of these executives departures so soon after the IPO will raise some eyebrows for investors and add more pressure on [Uber CEO Dara Khosrowshahi and company] in the near-term we believe this move is better to happen sooner rather than later," Wedbush analyst Daniel Ives says."This news comes as a shock to the Street and clearly one of the last things investors wanted to see with the stock currently coming under pressure." Uber Stock IPO a FlopEver since the overhyped Lyft (NASDAQ:LYFT) IPO in March, I have been pounding the table for investors to stay away from these big-tech IPOs.Former Kase Capital hedge fund manager Whitney Tilson recently summed up his thoughts on these IPOs very bluntly. Tilson said he has never participated in a tech IPO and doesn't plan to any time soon. In fact, Tilson went as far as to say the U.S. market is currently in an IPO bubble."Mathematically speaking, they've done studies and it's the single worst place to invest," Tilson said. "There is no surer way to lose money in any strategy than buying hot IPOs."Tilson's comments echo the sentiment of one of his biggest influences, value investing guru Warren Buffett.The general idea with these tech IPOs is that they tend to happen when company insiders believe the market value is highest. Value investors know when a stock is at its highest point, it's time to sell, not buy. IPO investors are buying many of these stocks at the absolute worst time. Not only is the valuation at a relative high point, IPO underwriters and the financial media hype these stocks so hard that the market gets whipped into a frenzy.As a result, more than a month later, Uber stock IPO investors are underwater on their investment. Where to Go From HereThe timing of the executive departures is yet another example of how IPO investors often get played as suckers. The question for investors at this point is what to do now.Management turnover is just one of many unanswered questions for Uber stock investors. Uber seems to be reshaping its corporate structure. The company's losses have mounted as its business has grown. Growth is slowing.According to Reuters, eight out of the 10 largest tech IPOs of all time generated a negative overall return of between -25% and -71% in their first year of trading following their IPOs.As I have said before, long-term Uber stock bulls that believe in the company have a valid thesis. Uber may very well end up being the Amazon (NASDAQ:AMZN) or Netflix (NASDAQ:NFLX) of transportation. However, both Amazon and Netflix have experienced decades of strong stock market returns, nit just one year. * 10 High-Yield Monthly Dividend Stocks to Buy Uber stock investors should consider letting the dust settle for a year before they buy the stock. In a worst-case scenario, Uber gets its act together and investors have to pay a higher price a year from now. They would also be potentially be making a much safer investment than they would be today.As of this writing, Wayne Duggan did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Tech Stocks to Buy for the Second Half of 2019 * 7 Top-Rated Biotech Stocks to Invest In Today * 4 Semiconductor Stocks to Sell Compare Brokers The post Management Turnover Adds Even More Uncertainty for Uber Stock appeared first on InvestorPlace.

  • Is AT&T Stock A Buy Right Now? Here's What Earnings, Chart Show
    Investor's Business Daily 2 days ago

    Is AT&T Stock A Buy Right Now? Here's What Earnings, Chart Show

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