116.64 -0.11 (-0.09%)
Pre-Market: 7:48AM EDT
|Bid||116.01 x 1000|
|Ask||116.50 x 900|
|Day's Range||116.00 - 121.98|
|52 Week Range||79.07 - 153.41|
|Beta (5Y Monthly)||1.08|
|PE Ratio (TTM)||39.32|
|Earnings Date||Aug. 04, 2020 - Aug. 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec. 13, 2019|
|1y Target Est||126.52|
For the foreseeable future, at least, many of us have nowhere to go and nothing but time on our hands. With this week’s arrival of HBO Max, an overcrowded streaming market becomes even more competitive, particularly here in the United States. Gone are the days of Netflix’s streaming supremacy (at least from a content perspective).
Apple's budget iPhone could be a big hit in India, and investors may be too optimistic about Disney's plans to reopen its parks.
Everybody's streaming, and every media company wants in on the fun. Let's look at three players whose secret weapons provide a leg up on the competition.
July 11 is when Disney World will start opening its theme parks, but there are arguments to be made for opening sooner -- or much later.
Walt Disney (NYSE: DIS) is now more a stock for day traders instead of buy-and-hold investors, according to one analyst who downgraded the stock to underperform. Imperial Capital analyst David Miller said shares of the entertainment giant have "risen too far too fast" over the past month and a more temperate view of its theme park potential was needed. After hitting $79 a share in March, a level Disney's stock hasn't seen since 2014, the House of Mouse has climbed 53% and is up 21% in the last four weeks alone.
Carlos A. Gómez has been named Senior Vice President and Treasurer of The Walt Disney Company (NYSE: DIS), it was announced today by Christine M. McCarthy, Senior Executive Vice President and Chief Financial Officer. Mr. Gómez will report directly to Ms. McCarthy. He succeeds Jonathan S. Headley who, as announced in February, is retiring after 24 years with the Company.
U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery. Bank stocks powered the day's advance, with the S&P 500 financial index leading gains among major sectors. Shares of JPMorgan Chase & Co was the leading gainer in the financial index, rising 5.8% as the stock surged for a second day in a row.
HBO Max wants to give consumers choice which is why it will roll out an ad-supported version of its streaming service next year.
Disney wants to reopen Magic Kingdom and Animal Kingdom on July 11 and Epcot and Hollywood Studios on July 15, according to Jim MacPhee, senior vice president of operations for the Walt Disney World Resort, who presented plans during a webcast meeting. The successful reopening of its parks is a signal event for Disney and the rest of the world as governments and companies strategize how to move out of lockdown while the novel coranavirus is still a threat. When the Disney parks reopen, guests and employees will be required to wear masks and undergo temperature checks.
Shares of TripAdvisor (NASDAQ: TRIP) jumped over 4% at the stock market's open on Wednesday, joining the rest of the market's continued euphoria over the reopening of the economy. Travel and hospitality businesses have been among the hardest hit by the COVID-19 pandemic, but markets in the U.S. and around the globe are now coming out of the coronavirus-induced downturn. Transportation Security Administration (TSA) data shows the number of travelers going through airport checkpoints rose to 262,734 for the week ended May 23, more than any other week since March 28.
Activision Blizzard, Walt Disney, Amazon, Alphabet and Microsoft highlighted as Zacks Bull and Bear of the Day
Walt Disney's (NYSE: DIS) Florida Disney World park and Seaworld Entertainment's (NYSE: SEAS) Seaworld Orlando are presenting reopening plans to local officials today, according to an Associated Press report. Disney already partially reopened its Disney Springs shopping and restaurant complex in the area on May 20. Florida's Disney World and its worker unions have agreed to practices and procedures that will be in place for reopening the Orlando theme park.
AT&T's (NYSE: T) "skinny bundle" live TV streaming service has had a bit of a rough time in recent years. AT&T blamed lapsing promotional subscriptions for the sudden crash, an explanation that turned out to be both true and incomplete: AT&T did indeed lose a lot of promo subscriptions, but part of the problem was that such subscriptions were -- allegedly, at least -- created fraudulently in the first place and assigned to unknowing customers. Now, as first reported by Cord Cutters News, AT&T TV Now is back in action on Roku.
(Bloomberg) -- TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.The revenue for last year was more than double the company’s tally of about $7.4 billion in 2018, propelled by phenomenal growth in user traffic that’s drawn advertisers away from Tencent Holdings Ltd. and Baidu Inc. The people asked not to be identified because the financial details are private.ByteDance has emerged as one of the tech industry’s most surprising success stories, an innovative Chinese company that is challenging the global dominance of U.S. internet giants. It draws some 1.5 billion monthly active users to a family of apps that includes the TikTok short-video platform, its Chinese twin Douyin and the news service Toutiao. This month, the company poached Walt Disney Co. streaming czar Kevin Mayer to become chief executive officer of TikTok.The company owes much of its success to TikTok, now the online repository of choice for lip-synching and dance videos by American teens. The ambitious company is also pushing aggressively into a plethora of new arenas from gaming and search to music. ByteDance could fetch a valuation of between $150 billion and $180 billion in an initial public offering, a premium relative to sales of as much as 20% to social media giant Tencent thanks to a larger global footprint and burgeoning games business, estimated Ke Yan, Singapore-based analyst with DZT Research.“None of the Chinese tech companies has achieved this level of success in the global market before ByteDance,” he said, adding neither social media company harbors much debt. “The fact that ByteDance is making profit, if true, and sitting on a $6 billion cash pile means that it is not in a rush at all to come to market to raise capital, and therefore less likely to offer the shares at a more reasonable price for IPO investors.”ByteDance, led by Zhang Yiming, is becoming a viable rival to the dominant American online behemoths, Facebook Inc. and Alphabet Inc. Facebook unit Instagram brought in about $20 billion in advertising revenue in 2019, Bloomberg previously reported. Google said its video unit YouTube recorded $15.1 billion in ad sales last year.ByteDance representatives didn’t respond to a request for comment.That success has come despite American lawmakers raising concerns about privacy and censorship. In a rare bipartisan effort in Washington, Republican Senator Tom Cotton and Senate Minority Leader Chuck Schumer last year urged an investigation into TikTok, labeling it a national security threat.President Donald Trump on Wednesday threatened to regulate or shut down social media companies, tweeting that the platforms attempt to silence conservative voices. Twitter Inc. on Tuesday added a fact-checking link to two of Trump’s tweets to his 80 million followers.ByteDance is strengthening its operations in newer arenas such as e-commerce and gaming. This year, it kicked off a wave of hiring and envisions hitting 40,000 new jobs in 2020, hoping to match headcount of e-commerce giant Alibaba Group Holding Ltd. at a time technology corporations across the globe are furloughing or reducing staff.The company had very preliminary discussions about an initial public offering last year, but is in no rush to go public given its financial performance, people have said. It now has more than $6 billion of cash on hand, the people said.ByteDance, which is backed by SoftBank Group Corp., General Atlantic and Sequoia, is already the world’s most valuable startup, according to researcher CB Insights. Some private trades recently valued the Chinese company between $105 billion and $110 billion on the secondary markets, Bloomberg News previously reported. It has also traded as high as $140 billion, one person said, making it one of the most highly valued private companies of all time.(Updates with Trump tweets in ninth paragraph.)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.
Walt Disney (NYSE: DIS) will be presenting plans to reopen Disney World before the county's economic recovery task force on Wednesday morning. SeaWorld Entertainment (NYSE: SEAS) will also be making its presentation before the committee. Comcast's (NASDAQ: CMCSA) Universal Orlando had its plans approved last week.
Shares of amusement park operator Six Flags (NYSE: SIX) closed down 11.8% in Thursday trading after getting hit by an "initiation at sell" recommendation from investment heavyweight Goldman Sachs. Six Flags stock closed above $27 in Wednesday trading, but Goldman Sachs says the stock is only worth $22. After declining in price more than $3 Thursday, the stock is already more than halfway to Goldman's target.
One growth stock that could double your money over the next five years is the low-code software provider Appian (NASDAQ: APPN). Two other promising stocks are leaders in the growing video game industry, Take-Two Interactive (NASDAQ: TTWO) and Glu Mobile (NASDAQ: GLUU). Investors should consider buying shares of Appian.
At the same time, the economy has gotten whacked by the COVID-19 pandemic, and most major economic indicators point to a deep recession. Despite the challenges and the uncertainty for investors in the current market environment, there are still some good deals for high growth stocks that should do well regardless of what happens with the COVID-19 pandemic. Keep reading to see why Roku (NASDAQ: ROKU), JD.com (NASDAQ: JD), and Livongo Health (NASDAQ: LVGO) should be on your buy list.
AT&T officially entered the streaming wars on Wednesday with the launch of its HBO Max streaming service. CFRA Research Senior Analyst Tuna Amobi joins Yahoo Finance’s Akiko Fujita to discuss how he anticipates the platform to size up to the competition.
Optimism surrounding the reopening of the U.S. economy appears to be the driving force, although it remains to be seen whether that optimism is warranted. Disney put forth plans to reopen some of its parks in July, while Boeing disclosed that it would layoff nearly 7,000 U.S. employees this week in a bid to cut costs. The pandemic has been a disaster for Disney, which relies on its parks for a significant portion of revenue and profits.
Walt Disney World seeks approval from Orange County to reopen its Walt Disney World theme parks in Orlando, Florida. Yahoo Finance's Adam Shapiro shares the details.
Yahoo Finance's Alexis Christoforous and Brian Sozzi discuss the launch of HBO Max with Ark Invest analyst Nick Grous.
If you're in your 20s and perhaps just starting out as an investor, you may look at the recent market downturn and economic uncertainty and say, "No thanks, I'll wait." One, you have a long time horizon, so you can wait out any short-term volatility and benefit from the long-term returns that good stocks deliver. The last time Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) stock had a year this bad, it was 2008, and we all know what happened then -- the market tanked during the Great Recession.
The House of Mouse is making a ton a headlines in the COVID-19 era, and the news is mostly negative.