|Bid||113.27 x 1100|
|Ask||113.28 x 1100|
|Day's Range||112.19 - 113.30|
|52 Week Range||97.68 - 120.20|
|Beta (3Y Monthly)||0.81|
|PE Ratio (TTM)||13.54|
|Earnings Date||Feb 4, 2019 - Feb 8, 2019|
|Forward Dividend & Yield||1.76 (1.57%)|
|1y Target Est||124.50|
As 2018 winds down, it’s off to the streaming races for 2019. Disney and AT&T will launch new streaming services, while Netflix will try to fend off the competition from new and old media giants.
It's no surprise that Walt Disney World Resort is the most visited theme park in the world. In 2017, nearly 20.5 million people visited the Magic Kingdom. If you add in the three other parks (Epcot, Animal Kingdom, Hollywood Studios, all four of which get a combined annual attendance of 56 million people), not to mention the waterparks, hotels and entertainment areas like Disney Springs, the numbers are staggering.
Amazon (AMZN) stock has fallen over 16% in the last three months as part of the larger market pullback driven by the likes of Apple (AAPL) and other giants. The company's days of 40% top-line growth might also be over. But let's dive into Amazon's overall business picture and outlook to see if investors should buy AMZN stock heading into 2019.
Google (GOOGL) has signed on Walt Disney (DIS) as an ad-technology customer in a multiyear deal, with Disney set to use Google’s Ad Manager platform to manage and deliver digital ads across its various platforms. Details of the deal, such as exactly how long it is expected to last and what Disney has agreed to pay for using Google’s ad technology, have not been disclosed. However, the deal is a huge win for Google in the race for ad-tech revenue.
Futures are pointing to a modestly lower Wall Street open for the Thursday session, following a positive day which nonetheless finished substantially off session highs.
Hulu, the on-demand streaming service owned by Disney, Comcast, and AT&T, faces an uncertain future as majority owner Disney plots a new on-demand service
Apple (AAPL) is aggressively pushing into the streaming space evident from its increased content spend. However, Disney and Comcast top the spending chart for 2018.
While millennials are doing a good job of saving in traditional ways, not parking their money in high-return investment options could be a potential mistake.
Media stocks in 2019 are likely to benefit from increase in streaming service providers, change in business model by traditional companies and focus on providing quality entertainment.