|Bid||357.66 x 800|
|Ask||357.74 x 800|
|Day's Range||353.88 - 362.85|
|52 Week Range||231.23 - 423.21|
|Beta (3Y Monthly)||1.53|
|PE Ratio (TTM)||133.72|
|Earnings Date||Apr 15, 2019 - Apr 22, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||387.46|
A growing list of big names are pulling their ads from YouTube. It's over allegations that the site isn't doing enough to stop comments from pedophiles on videos of children. Yahoo Finance’s Alexis Christoforous and Dan Howley discuss.
With the explosion of different streaming services out there, you could end up paying more by cutting the cord than by sticking with your cable bill. Julia Boorstin takes a look at all the different options and breaks down a couple examples of digital bundles.
CNBC's "Power Lunch" team discusses what streaming services bundles may look like for cord cutters with Ed Lee, New York Times reporter, and CNBC's Julia Boorstin.
Goldman Sachs Warns Apple about Samsung's Galaxy FoldApple After beginning 2019 on a terrible note, Apple (AAPL) stock has witnessed a solid recovery so far this year. On the first trading day of the year, the company’s CEO, Tim Cook, cut its
The Latest on Disney’s Deals with Hulu and Fox(Continued from Prior Part)Regulatory approval for Disney-Fox acquisition Walt Disney (DIS) is waiting to close the acquisition of most of the media and entertainment assets of 21st Century Fox (FOXA)
NEW YORK, Feb. 21, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Comcast, Warner Bros. and Disney are the latest entries, signifying a major shift in strategy for traditional cable television companies. In the past, these giants have licensed their content to services like Netflix, Amazon and Hulu. However, that's about to change — and it could be bad news for Netflix, in particular.
IQiyi (NASDAQ:IQ) stock has been rising from the dead, or at least it feels that way. I bought into IQ stock shortly after the company went public at the end of March and sold my holdings (despite believing in the long-term story) after shares exploded higher, running from an IPO price of $18 to almost $50 in less than 10 weeks.Source: Shutterstock I sold those shares based on the stock's irrational exuberance, which helped push shares higher as iQiyi was touted as the Netflix (NASDAQ:NFLX) of China.In reality, it's more like China's Netflix and YouTube, the latter of which belongs to Alphabet (NASDAQ:GOOGL). Have no fear though, I am far from perfect here. I did not buy at the IPO and in fact, had never heard of IQ until I did some research on the name before many others took notice. Sometimes it's better to be lucky than good.InvestorPlace - Stock Market News, Stock Advice & Trading TipsI gobbled up some shares at $20 a piece after a successful breakout and retest of that level, then sold in the upper $30s. I did not hit a double, nor cash out at the highs. Eventually, I bought back in at the mid $20s because, again, I believe in its long-term story and had already made a handsome profit in iQiyi stock. In other words, I could afford to sit through some volatility and short-term pain, and while I wish I had initiated my new position later below the $18 IPO price, it shows there's always a lesson to be learned.With that preamble in the books, just why do we like the fundamental story with IQ stock so much? Valuing IQ StockRight off the bat, it should be pointed out that iQiyi will report fourth-quarter earnings after the close this afternoon (along with China compatriot Baidu) Analysts currently expect the company to lose 71 cents per share on sales of ~$983 million. Keep in mind that last quarter (reported on Oct. 30), IQ badly missed earnings estimates, which called for a loss of 38 cents per share. Instead, the company reported a loss of 63 cents per share on in-line revenue results. * 10 Smart Money Stocks to Buy Now The bad news? The Chinese media giant has had a hard time impressing the market with its earnings. What I mean by that is that the IQ stock price has come under pressure more often than not following the company's quarterly results.From a bottom-line perspective, IQ is clearly lacking. From a growth perspective though, boy is it impressive. IQ grew revenue 48% year-over-year last quarter and saw 89% user growth to 80.7 million people. Keep in mind, Netflix is up near 135 million users but has nowhere near this growth right now. Further, Netflix isn't allowed in China, where IQ operates.For the year, analysts expect $3.64 billion in sales and are looking for $4.77 billion in current fiscal 2019. Users should easily eclipse 100 million this quarter. Put simply, the growth here is staggering, even if the profits are not. Keep in mind though, the long-term story with Netflix was similar: user growth trumped profits -- and to an extent, still does.There's also the trade war to consider. Working in IQ stock's favor now, positive deal headlines are giving a bump to Chinese equities. Alibaba (NYSE:BABA), JD.com (NASDAQ:JD), Baidu (NASDAQ:BIDU) (which is flirting with a breakout too), along with the IQ stock price, have all gravitated higher as a result. A new deal will remove a huge overhead for these names. But before this positivity, remember how bad the tariff and trade news was for Chinese equities -- IQ stocks included. Negative rhetoric can work against it too, so be aware of that potential risk. Trading IQ Stock Price Click to EnlargeThe rally over $18 in January -- flagged here -- was a big-time buy trigger. It put IQ stock over downtrend resistance and the 50-day moving average, and was the spark behind this $4.50 per share rally from that point. * 7 Financial Stocks With Accelerating Growth However, if you are only trading and don't want to carry earnings risk, consider booking some or all profits before the report. On a poor reaction, I want to see $20 hold as support. That would represent about a 10% decline from current levels. Worst case, I want to see the 50-day moving average hold as support. On a further rally, look to see if iQiyi's stock price can work its way up to $25.Shares have finally broken out of that nasty downtrend and are breaking out to the upside as we speak. The only question is whether earnings will pour gasoline or cold water on the fire.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long GOOGL and IQ. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Cheap Stocks to Buy Right Now * 5 Stocks Under $5 to Buy Before They Soar * 5 Consumer Stocks to Cash Out Of Compare Brokers The post IQiyi, the Netflix (and YouTube) of China, Breaks Out Ahead of Earnings appeared first on InvestorPlace.
CEO of Netflix Inc (NASDAQ:NFLX) Reed Hastings sold 54,418 shares of NFLX on 02/19/2019 at an average price of $362 a share.
We should thank Netflix’s Reed Hastings, Amazon’s Jeff Bezos and Microsoft’s Bill Gates for selling us goods and services we love, writes Tim Mullaney.
The Latest News from Amazon and Apple(Continued from Prior Part)Apple’s new streaming service could cost $15 per monthApple’s (AAPL) much-anticipated video streaming service, which is expected to be launched soon, is seen by many as something
A Look at AT&T’s Performance Year-to-Date(Continued from Prior Part)AT&T’s DIRECTV NOW customersAT&T’s (T) DIRECTV NOW is a streaming service that delivers content directly to users via the Internet as a substitute to signing up
Is Trump’s Obsession with Markets an Advantage for China?Markets US President Donald Trump apparently sees market performance as a reflection of his personal performance. On several occasions, Trump has boasted of the market’s performance to
Investors concerned about holding shares of companies with slowing profit growth might look at Goldman Sachs' basket of stocks with earnings growth forecasts of 20% or higher in 2019. The firm’s list includes companies across industries such as Wellcare Health Plans (WCG), Incyte Corp.
Despite the big rally in the technology sector so far this year, 4 of the 5 "FAANG" stocks are trading in limbo, above their short-term trend trackers but still below their long-term trend indicators. The only FAANG stock in bullish technical territory is Netflix Inc. , which is down 0.7% in midday trade Wednesday, but is 6.3% above its 200-day moving average and 15% above its 50-day moving average (DMA). Meanwhile, shares of Facebook Inc. are 2.8 below its 200-DMA but 9.6% above its 50-DMA; Apple Inc. is 10.2 below its 200-DMA but 7.0% above its 50-DMA; Amazon.com Inc. is 5.8% below its 200-DMA but 14.0% above its 50-DMA; and Google parent Alphabet Inc. is 0.4% below its 200-DMA but 4.5% above its 50-DMA. Meanwhile, the Nasdaq Composite is less than 0.1% below its 200-DMA and the Dow Jones Industrial Average is 3.3% above its 200-DMA.
Disney (NYSE:DIS) remains in wait-and-see mode. Expectations regarding most of its divisions appear baked into the price of Disney stock. The move higher DIS saw in the first half of the decade came to an end when customers began to drop pay TV services.Source: Shutterstock Hence, resumption of the growth in DIS stock hinges on the success of the successors to its declining cable channels, especially Disney+.The struggles for Disney stock began in 2015 when the Disney Channel and ESPN saw lower viewership as consumers transitioned to must cheaper streaming services. The company finally answered by announcing upcoming launches for both ESPN+ and Disney+.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Smart Money Stocks to Buy Now While that has fueled some level of optimism, Disney has done little since its channels lost viewers. It will continue to do little until those viewers come back through the streaming services. A Closer Look at Disney StockLittle else offers little long-term meaning to the Burbank, California-based media giant. The fact that DIS beat its mediocre earnings expectations holds little significance. We know that the Parks, Experiences, and Theme Parks division remains the fastest-growing part of the company.Also, anyone who casually observes the entertainment industry will understand the struggles with both Lucasfilm and ABC. Given the stagnation that Disney has faced amidst that news implies that investors have already priced these realities into DIS stock.Financials also offer little incentive to break Disney stock out of its range. DIS trades at 15.2 times forward earnings. Analysts forecast no profit growth for 2019, and only a 3.8% increase in 2020. By themselves, such metrics will motivate neither buying nor selling of DIS stock. Disney+ Is the keyThe only thing I can see breaking this holding pattern is a part of its Direct-to-Consumer and International division, specifically Disney+. Most already regard Disney as holding the most popular content library. The acquisition of media assets from Twenty-First Century Fox (NASDAQ:FOXA, NASDAQ:FOX) further strengthened its dominance regarding content.If the launch of ESPN+ serves as an indicator, Disney+ could turn into the catalyst DIS needs to break out of its range. The numbers with ESPN+ show promise. ESPN+ launched in 2018. Already, the service boasts over two million subscribers, double the number from five months ago.While streaming remains a money loser for Disney, this massive subscriber growth will likely turn those numbers around in time. Moreover, market leadership would empower Disney to raise the costs of its services. ESPN+ subscribers pay only $5 per month right now.I think this bodes well for the launch of Disney+. Due to the content library, I see Disney+ as an almost instant market leader once it launches. Further, the launch deals an immediate blow to Netflix (NASDAQ:NFLX) who will no longer show Disney content at that point.Content should also help Disney+ outperform Amazon's (NASDAQ:AMZN) Prime Video and HBO Now from AT&T (NYSE:T). Still, it is handing defeat to Netflix that could create the anticipation needed to bring buyers back into DIS. The Bottom Line on Disney StockMuch like the decline of the Disney channel hampered DIS, a successful Disney+ launch could resume the growth of DIS. Investors have priced both the successes and challenges in most of Disney's divisions into the price of DIS stock.Moreover, both the price-to-earnings ratio and the expected profit growth stand at steady, but unimpressive levels.Hence, we have to assume Disney+ is the defining factor. Early numbers from ESPN+ imply Disney can achieve impressive growth numbers in streaming. Furthermore, the Disney content library could make Disney+ the most popular streaming service within a short time.Disney+ launches in late 2019. Once the company announces the specific launch date, I recommend opening a position in Disney stock before that time. Even if profitability takes some time, high growth numbers could propel DIS out of its range. Once that occurs, the equity can finally resume the growth it enjoyed until 2015.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Cheap Stocks to Buy Right Now * 5 Stocks Under $5 to Buy Before They Soar * 5 Consumer Stocks to Cash Out Of Compare Brokers The post The Potential for Disney Stock Begins and Ends with Disney+ appeared first on InvestorPlace.
Tech Trends: The NASDAQ, Google-Facebook Duopoly, and More(Continued from Prior Part)Netflix is leasing more studios in CanadaNetflix (NFLX) announced yesterday that it would be creating a Toronto production hub, which is expected to hire 1,850
J.P. Morgan Encourages Investors to Buy Stocks despite WorriesUS stock market The US stock market has seen a decent recovery in the first quarter of 2019 so far after a steep decline in the fourth quarter of 2018. As of February 19, the S&P 500
Hedge funds that slashed their exposure to equities in the fourth quarter include those run by billionaires David Tepper (Appaloosa Management) and Dan Loeb (Third Point). Tepper’s fund sold off 18 positions in the fourth quarter, including stakes in Alibaba (BABA) and Apple (AAPL) while opening just four new ones.
Analyzing the Latest from Netflix, Spotify, and Uber(Continued from Prior Part)Netflix faces several headwinds at homeNetflix (NFLX) stock has risen 10.8% since January 23 after falling 8.8% since announcing its fourth-quarter earnings results in