|Bid||117.85 x 1100|
|Ask||117.90 x 1100|
|Day's Range||114.54 - 119.08|
|52 Week Range||79.07 - 153.41|
|Beta (5Y Monthly)||1.11|
|PE Ratio (TTM)||39.68|
|Earnings Date||Aug. 04, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec. 13, 2019|
|1y Target Est||122.35|
Just four days after Disney reopened its theme park in Florida to visitors, it will re-close its theme park in Hong Kong due to a surge of COVID-19 cases there.
After notching stellar gains so far in 2020, should investors buy one of the year's hottest stocks or take their money and run?
The Zacks Analyst Blog Highlights: PepsiCo, Disney, Jack in the Box, Maxim Integrated and Analog Devices
The leading online travel specialist and media stock are trading 19% to 24% off their all-time highs. Let's see which one will bounce back first.
The first pick is Walt Disney (NYSE: DIS), an entertainment company that can monetize its valuable intellectual property over a wide range of mediums. Walt Disney is arguably the top entertainment brand in the world. While Disney is having a tough time during the coronavirus pandemic -- with park attendance plummeting and the stock falling by 19% year to date -- this is a great opportunity for investors to scoop up shares while they are still cheap.
Comcast-owned NBCUniversal will enter a crowded streaming market on Wednesday when it launches its Peacock streaming service nationally, offering 20,000 hours of content, including NBC shows such as “30 Rock,” “Cheers” and “Saturday Night Live.” The service, which became available to some Comcast Corp subscribers in April, is the media giant’s effort to offset declines in Comcast’s cable TV business - while finding a new way to monetize NBC and Universal content and maintain demand for the company’s broadband business, which powers streaming services. Peacock will include a mix of NBC series, sports, news and original shows, such as the dystopian drama “Brave New World” and documentary “In Deep with Ryan Lochte.”
Australian states tightened borders and restricted pub visits on Tuesday, while Disney prepared to close its Hong Kong theme park and Japan stepped up tracing as a jump in novel coronavirus cases across Asia fanned fears of a second wave of infections. Many parts of Asia, the region first hit by the coronavirus that emerged in central China late last year, are finding cause to pause the reopening of their economies, some after winning praise for their initial responses to the outbreak.
Apple is carving out a new all-time high, and Disney is being forced to shut down its Hong Kong resort.
(Bloomberg) -- Based on how Netflix Inc. and Walt Disney Co. are trading, Wall Street is more into “Tiger King” than “The Lion King.”With the pandemic keeping audiences indoors, streaming video has emerged as the go-to entertainment option, especially as theme parks and movie theaters remain widely closed. As a result, Netflix’s market capitalization has eclipsed that of Disney by an historic degree.Currently, the platform that made a documentary on big-cat breeding must-see TV has a market value of about $250 billion, compared with the $216 billion valuation for the home of Mickey Mouse and Simba the lion. According to a Bloomberg analysis, this gap in Netflix’s favor is the highest on record. When expressed as a ratio, the degree to which Netflix is larger is also at an all-time high.While the two companies have repeatedly flipped back and forth in terms of their size rankings this year, the recent shift has been rapid; Disney’s market cap exceeded Netflix’s as recently as late June.Shares of Netflix are up more than 75% thus far this year, compared with a 17% decline in Disney. The divergence is almost entirely due to the pandemic, which has pressured Disney across its businesses. Theme parks were shut for months, and the company delayed the release of movies like “Mulan” and “Black Widow.” Earlier, MKM Partners wrote that the outlook for theaters remains “extremely clouded given the uncertainty about when theaters will be able to re-open with new Hollywood content.”Netflix, meanwhile, is expected to see much higher engagement and subscriber growth when it reports second-quarter results later this week. Analysts have been growing more optimistic about the company. Last week, Goldman Sachs wrote that the pandemic was “accelerating the shift” to streaming content, away from traditional TV, and that the company’s content library and distribution would “serve to steepen Netflix’s growth curve both in the immediate and long term.”Disney’s own streaming service has been a bright spot over the past few months, particularly with the recent debut of “Hamilton.” However, the company’s Parks, Experiences and Products business is far larger, comprising almost 37% of its 2019 revenue, according to data compiled by Bloomberg.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Is it bad publicity to reopen in a state struggling with COVID-19, or is it necessary to get back to business?
Sirius XM Holdings Inc said on Monday it will buy E.W. Scripps Co's podcast business, Stitcher, for up to $325 million, as the U.S. satellite radio company pushes further into the podcast space. Stitcher streams popular podcasts such as "Freakonomics Radio", "Conan O'Brien Needs a Friend" and "My Favorite Murder" and will help SiriusXM better compete with the podcast libraries of Apple Inc and Spotify Technology SA. Last year, SiriusXM signed a multi-year deal with Walt Disney Co, allowing it to create exclusive weekly podcasts including five new series on popular Marvel characters such as Wolverine, Hawkeye, Black Widow and Star-Lord.
If Disney World reopens without creating a new disease hot spot, this may be a go-ahead sign for other entertainment facilities in other heavily affected regions of the U.S.
The theater chain has also restructured debt to manage through the crisis as its reopening plans have been pushed back.
Another blowout quarter for membership gains might convince management to change its tune on growth.
Facebook (NASDAQ: FB) is already facing headwinds from reduced advertising budgets because the COVID-19 pandemic is causing businesses to reduce expenses. Now, large public companies have started announcing that they will stop paid marketing efforts on Facebook in support of the Stop Hate for Profit campaign. Although most of Facebook's sales come from small businesses, the social media giant generates a quarter of its annual revenue from big corporations.
(Bloomberg) -- Florida reported 15,300 new virus cases, the biggest one-day rise since the coronavirus pandemic began in the U.S. The number exceeds records from New York, California and Texas, all of which have reported daily counts at almost 12,000. Reported deaths in Florida dropped to 44, from 95 the day before.U.S. Education Secretary Betsy DeVos said “the rule should be that kids go back to school this fall,” despite rising cases around the country. Arizona reported a higher increase in fatalities, even as new cases declined.South Africa may reintroduce tighter regulations on the movement of people and curb sales of alcohol as coronavirus infections soar, the Sunday Times reported. Hungary is also restricting travel after spikes in neighboring countries. Infections in Germany increased by 377. U.K. cases remained steady.Key Developments:Global Tracker: Cases top 12.7 million; deaths surpass 565,000Aversion to mask-wearing holds back U.S. economyU.K. set to tighten rules on wearing face masksWall Street forges a new relationship to data in coronavirus ageConflicting visions emerge for South Africa’s post-virus revivalAnonymity helped overcome stigma in Korean nightclub probeSubscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click VRUS on the terminal for news and data on the coronavirus.California Reports 2.7% Increase (2:10 p.m. NY)California reported 8,460 new Covid-19 cases, a 2.7% increase, according to the health department’s website. That’s below the 3% seven-day average. There have been 320,804 confirmed cases of coronavirus in the state. The number of deaths climbed by 72, or 1%, to 7,017.Arizona Deaths Rise, New Cases Slow (1:50 p.m. NY)Deaths in Arizona rose for a third day, to 86 reported on Sunday, while the increase in new cases slowed to 2.1% from the weekly average rise of 3.4%.The state reported 2,537 new cases, for a total of 122,467. That compared to 3,038 cases the day before. Deaths rose from 69 reported Saturday and 44 reported on Friday. Total deaths are 2,237.U.K. Cases in Line With Past Week (1:44 p.m. NY)The U.K. said 650 more people tested positive, in line with the average 0.2% increase in the previous seven days, bringing the total to 289,603. The death toll climbed by 21 to 44,819.The virus can survive in the air for more than an hour, undermining the “back to work” push by ministers, the Telegraph reported, citing Wendy Barclay, a virologist on the government’s Scientific Advisory Group for Emergencies.She said the virus could remain viable even in tiny particles suspended in the atmosphere, adding to the case for face coverings.Florida Breaks U.S. Record for Daily Cases, at Over 15,000 (1:40 p.m. NY)Florida reported a record 15,300 virus cases Sunday, the biggest one-day rise since the coronavirus outbreak began in the U.S. New York, California and Texas have all reached almost 12,000 in a single day.It was a 6% daily rise compared to an average increase of 4.8% over the last week, as the virus pushes to new highs around the south and west. The state’s previous record was set on July 3, of 11,393 cases.But the state reported a drop in deaths, to 44 from 95 the day before. The state’s rate of positive tests declined to 11.2%, from 12.5%, the lowest since late June.“It won’t be long” until hospitals in the Miami area reach capacity, Miami-Dade County Mayor Carlos Gimenez said on CNN, who added that the biggest concern for now is ICU capacity.“We have reached capacity in some, but we also have reserve space,” he said. “We have another 1,200 beds that we can crank out pretty fast for critical care beds. We have another 500 ICU beds that we can crank up.”Trump Official Calls for ‘Simple’ Changes (10:50 a.m. NY)A few “simple” changes would do as much to curb the Covid-19 transmission rate as another broad shutdown, Admiral Brett Giroir, President Donald Trump’s former coronavirus testing czar, said on NBC’s “Meet the Press.” Among the ideas: avoiding bars and wearing masks in public. The U.S. is “definitely not losing the battle,” he said, as daily cases hit new records.Giroir, an assistant secretary for health, said Anthony Fauci, director of the National Institute of Allergy and Infections Disease, “is not 100% right” in how the U.S. should approach the pandemic, and doesn’t “have the whole national interest in mind” when he speaks. “He looks at it from a very narrow public health point of view.”Gove Questions Masks in U.K. Shops (10:35 a.m. NY)U.K. Cabinet Office Minister Michael Gove said the government shouldn’t make face masks compulsory in English shops -- but added that it was “good manners” to wear one.On Saturday, the Times reported that Prime Minister Boris Johnson was set to tell Parliament this week it will be compulsory for Britons to wear face coverings in shops, soon after telling the country that it was only optional do so. Johnson’s administration has come in for steady criticism for its handling of the coronavirus pandemic, which has claimed the lives of about 45,000 people in the U.K. -- the highest toll in Europe.Outbreak at U.K. Farm (10:26 a.m. NY)More than 70 workers at a farm in Herefordshire in western England have contracted coronavirus. Workers at A.S. Green & Co. have been asked to stay on the farm within household groups to prevent further spread. Public Health England advises that it is very unlikely Covid-19 can be transmitted through food or food packaging, the company said in a statement on its website. The farm specializes in broccoli and beans.Portugal Reports Slower Rise (10:22 a.m. NY)Portugal reported 291 new coronavirus cases on Sunday, down from 342 on Saturday, for a total of 46,512, the government said. The additional cases are mostly in the greater Lisbon region, where authorities have tightened restrictions since the start of July and increased testing after new clusters were identified. The total number of deaths in Portugal rose by 6 to 1,660.New York Cases Remain Steady (10:15 a.m. NY)New York reported 677 new Covid-19 cases, a 0.2% rise in line with the seven-day average of daily cases, Governor Andrew Cuomo said in a tweet. Five more fatalities were reported, one fewer than the day before, he said.DeVos Says School Reopening Should Be ‘Rule’ (10:10 a.m. NY)U.S. Education Secretary Betsy DeVos pushed the administration’s position of opening schools in the fall, despite a heavy rate of Covid-19 infections in many states, in two Sunday-morning interviews.“There is going to be the exception to the rule. But the rule should be that kids go back to school this fall,” she said on CNN. DeVos said there was “nothing in the data that suggests kids going back to school is in any way dangerous.”On “Fox News Sunday” DeVos repeated a threat to withhold federal funds if schools don’t reopen for in-person learning: “if schools aren’t going to open, they shouldn’t get the funds. Give it to the families.”Hundreds of Credit Suisse Jobs May Go (8 a.m. NY)Credit Suisse Group AG could cut “hundreds” of jobs as the Swiss lender mulls different savings plans that would allow it to reach its profit targets, according to SonntagsZeitung, which didn’t say where it obtained the information. The coronavirus crisis has given its online operations a boost and Chief Executive Officer Thomas Gottstein is mulling thinning out the Zurich-based bank’s domestic branch network.Israel Deficit May Reach 13% of GDP (7:45 a.m. NY)Israel’s pandemic support plan could lead the budget deficit to hit 13% of GDP this year and 7% in 2021, Bank of Israel Governor Amir Yaron said in a statement. The government has the ability to finance the plan, which will help public weather the ongoing crisis, he said.Iran Case Numbers Moderate (7 a.m. NY)Iran’s Covid-19 death toll climbed to 12,829 on Sunday with 194 fatalities overnight, up from 188 the day before. The number of infections rose by 2,186 to 257,303, a smaller increase than the average of 1% over the previous seven days. Almost 220,000 people have recovered from Covid-19 and 3,359 patients are in intensive care units.France to Test at Airports (6:21 a.m. NY)France will proceed to systematic testing at airports “over the next few days” for passengers arriving from countries where coronavirus is circulating intensely, government spokesman Gabriel Attal said during a BFM TV interview on Sunday. The government is targeting 2,000 tests a day at airports initially.Asked whether France will impose wearing masks in closed spaces, Attal said “we’re adapting constantly to the situation.”New Hong Kong Cases Found (6 a.m. NY)Hong Kong reported 38 new cases on Sunday, feeding fears of a resurgence in the Asian hub after weeks of near-normal activity.Thirty of the cases were locally transmitted, including 13 of unknown origin, the city’s Department of Health said at a briefing. The other eight cases were imported, meaning people returning from abroad. That brought the total number of cases in Hong Kong to 1,469.The city’s government tightened social-distancing measures for some businesses from Saturday. Residents were urged to avoid going out or attending group gatherings for the next two weeks.Indonesia’s Virus Cases Exceed 75,000 (5:59 p.m. HK)The number of cases in Indonesia exceeded 75,000 as infections in the two largest hotspots continued to accelerate after the government eased physical-distancing curbs more than a month ago.There were 1,681 new cases in the 24 hours to midday Sunday, bringing the total to 75,699, authorities said, adding that 71 people succumbed to the virus. The increase in cases is in line with the average of 2.2% over the previous seven days. Indonesia has the most cases and fatalities in Southeast Asia with 3,606 deaths.Hungary Tightens Travel Restrictions (5:38 p.m. HK)Hungary will conduct health checks at the border and require 14-day quarantine for those arriving from higher-risk countries for the coronavirus while foreigners from the highest risk nations will be barred from entry, cabinet minister Gergely Gulyas said at a televised briefing on Sunday.No European Union nation is listed in the “red” category currently, denoting the highest risk, Gulyas said. Bulgaria, Romania, Sweden and the U.K. were among countries listed as “yellow” or higher risk. Authorities will review the list weekly.South Africa Considers New Restrictions: Times (4:18 p.m. HK)South Africa may reintroduce tighter regulations on the movement of people and curb sales of alcohol as coronavirus infections soar, the Sunday Times reported.President Cyril Ramaphosa will make an address on the new measures to help contain the virus on Sunday evening, the newspaper said. The reintroduction of curfews is being discussed.Cases have risen an average of 5% a day for the past week, and the increase hasn’t been below 4% for almost a month. South Africa’s virus infections rose to 264,184 with almost 4,000 deaths, health minister Zweli Mkhize, said in a statement Saturday.German Infections Rise Steadily (2:25 p.m. HK)Germany’s coronavirus cases rose to 199,709, while deaths increased by seven to 9,070, according to data from Johns Hopkins University, both climbing at about the same rate as the previous day. The reproduction factor -- or R value -- grew slightly to 0.93, according to the latest estimate by the Robert Koch Institute, Germany’s health body. The 95% confidence interval means the number is somewhere between 0.72 and 1.13. The relatively small number of new cases means the value can fluctuate more wildly.Thailand to Begin Vaccine Trials in Humans (12:13 p.m. HK)The first stage of Thai clinical trials will enroll about 100 volunteers separated in two groups, one for people aged 18 to 60 and the other for 60- to 80-year-olds, Kiat Ruxrungtham, head researcher at Chulalongkorn University’s Center of Excellence in Vaccine Research and Development, said at a briefing on Sunday in Bangkok. The second stage, likely to begin in December, will involve 500 to 1,000 people. If the trials are successful, Thailand could have its vaccine by the second half of 2021, Kiat said. Globally, 160 vaccines are being studied for Covid-19, of which 21 are at the clinical evaluation stage, according to the World Health Organization.Toyota to Restart All Factories Globally (12:03 p.m. HK)Toyota Motor Corp. will reopen its Venezuelan plant on Monday, meaning all factories in South America will be operational, spokesman Kensuke Ko said. The auto giant had already opened all its plants in Japan, North America and Europe, he said. From February, Toyota halted production in many countries, starting with China, as the coronavirus spread rapidly across the world.Melbourne Students to Return to Remote Learning (11:01 a.m. HK)Most students in Australia’s second-biggest city will go back to remote learning as officials grapple with coronavirus outbreaks. All prep to year 10 students at government schools will return to learning from home starting July 20 until at least Aug. 19, Victoria’s Premier Daniel Andrews told a press conference Sunday. Melbourne is in the midst of a six-week lockdown that was imposed to help curb a growing infection count.Australia’s Victoria State Deals With Additional Cases (9:16 a.m. HK)The country’s second-most populous state, which is facing a worsening outbreak, found 273 new infections in the past 24 hours. Australia had enjoyed early success in crushing the curve of virus infections by shutting its international border, quarantining arrivals, social distancing measures and a widespread testing and tracing regime. But a mixture of complacency, easing restrictions and missteps in Victoria’s quarantine program, has seen a fresh outbreak that’s led to Melbourne being placed in a six-week lockdown.Authorities also warned of a cluster of infections linked to a hotel in Sydney’s southwest, and urged anyone who visited the venue from July 3 to 10 to self-isolate. Nine cases have been connected to the hotel, according to New South Wales health officials.South Korea Reports More Infections (9:13 a.m HK)South Korea reported 44 more Covid-19 cases in 24 hours, raising the total tally to 13,417, according to data from Korea Centers for Disease Control & Prevention. One additional death was reported, taking the total to 289. Among the new infections, 23 were imported.Japan Virus Chief Says Country Needs to be on High Alert (8:34 a.m. HK)Japan’s virus czar Yasutoshi Nishimura, who also serves as the nation’s economy minister, said the number of cases with unclear contagion routes is increasing, straining public health care resources. He didn’t say if the current situation warrants another declaration of emergency. The country has seen a spike in cases over recent days, with Tokyo reporting more than 200 infections daily for the past three days. Tokyo found 206 new cases Sunday, TV Asahi reported, without saying where it got the information.Mexico Cases Rise (8:23 a.m. HK)Mexico reported 6,094 new Covid-19 cases and 539 deaths Saturday, bringing the case count to 295,268 and number of deaths to 34,730, the fifth highest in the world, according to data released by the Health Ministry. New cases hit records this week, with officials reporting more than 7,000 for the first time Thursday.Brazil Reports 39,023 New Cases (6:40 a.m. HK)Total cases in Brazil, which has the highest number of infections and deaths after the U.S., reached 1,839,850, according to the Health Ministry’s press office. Another 1,071 deaths were reported, for a total of 71,469.Mormons Ask Faithful to Wear Masks (6:30 a.m. HK)The Church of Jesus Christ of Latter-day Saints in Utah sent an email to worshippers asking them to wear masks as cases in the state continue to climb, the Deseret News reported.“Please join with us now in common purpose for the blessing and benefit of all,” read an email noting that the state hit a record number of daily cases on Friday of 867.As of Saturday, the state reported a total of 28,223 cases and 207 deaths, according to Bloomberg and Johns Hopkins University.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
This weekend's phased reopening of the media giant's theme parks in Florida is not a good look, but it's the right thing to do.
On Monday, Goldman Sachs initiated coverage on shares of Disney with a buy rating and $137 12-month price target. The firm finds that trends in cord-cutting are rapidly accelerating, and thinks investors are undervaluing Disney’s DTC segment by more than 50%. Goldman Sachs also expects Disney’s Parks and Studios segments to fully recover post-COVID.
Aventura Pulmonary Institute CEO and Cardiovascular & Pulmonary Disease Specialist Dr. Gustavo Ferrer joins Yahoo Finance’s Kristin Myers to discuss his outlook on the coronavirus, as Disney World reopens its gates despite having Florida reporting 15,300 new virus cases.
Pence Capital Management Chief Investment Officer Dryden Pence joins Yahoo Finance’s Zack Guzman to discuss his expectations for earnings season, along with his outlook on Disney and Boeing.
After being closed for four months Disney World began reopening over the weekend, Disneyland Hong Kong will close after a surge in virus cases in the city. Yahoo Finance’s Dan Roberts joins the On the Move panel with the details.
Disney World reopened its doors over the weekend, with new protocols and guidelines in place. Yahoo Finance's Dan Roberts joins Alexis Christoforous and Brian Sozzi on The First Trade to discuss.
Jul.12 -- Disney opened its Magic Kingdom and Animal Kingdom parks on Saturday, after a four-month shutdown and as a record number of new virus cases were reported in Florida. Josh D’Amaro, the chairman of Walt Disney Co.’s theme parks business, said he’s very happy with booking trends, both now and into next year. D'Amaro spoke to Bloomberg's Emily Chang from the Magic Kingdom.