36.55 0.00 (0.00%)
After hours: 5:24PM EDT
|Bid||35.70 x 3200|
|Ask||38.65 x 1400|
|Day's Range||35.99 - 36.71|
|52 Week Range||33.78 - 51.27|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||14.07|
|Earnings Date||Aug 7, 2019|
|Forward Dividend & Yield||0.46 (1.27%)|
|1y Target Est||43.08|
Jason Ehrich has been named Executive Vice President of Audience Development and Strategic Partnerships for FOX News Channel (FNC), announced Suzanne Scott, CEO of FOX News Media. Mr. Ehrich previously served as the Executive Vice President of Marketing, On-Air Promotions, Audience Development and Social Media for the network and will transition to his new role effective immediately.
FOX Business Network has signed journalist Grady Trimble as a general assignment business reporter, announced Brian Jones, president of the network. Starting July 22nd, Trimble will be based out of FBN’s Chicago bureau covering the auto industry, agriculture and commodities market along with breaking news.
Jason Klarman has been named Executive Vice President of Marketing for FOX News Media. Mr. Klarman will begin his new position immediately, overseeing brand strategy for FOX News Media which encompasses FOX News Channel (FNC), FOX Business Network (FBN), FOX News Digital, the direct to consumer streaming service FOX Nation, FOX News Radio, FOX News Headlines 24/7 and FOX News podcasts.
(Bloomberg) -- Barron’s caught up with most of its all-star investor panel members to sniff out remaining bargains at a time when the U.S. stock market is at a record high and risks -- including trade conflicts, Federal Reserve policy and the 2020 presidential election -- are closing in.Here’s what some of them are thinking, as reflected in the cover story of Barron’s July 15 issue.Todd Ahlsten, lead portfolio manager of the Parnassus Core Equity fund at San Francisco’s Parnassus Investments, picks Trimble Inc., which sells hardware and software for construction, agriculture, trucking and surveying and has a $50 billion addressable market. He’s also sticking with Nvidia Corp., a high-flying tech stock that plummeted since its October peak.Scott Black, founder and president of Delphi Management, says the market is really expensive but could go higher if the U.S. trade dispute with China is resolved. He recommends Kemet Corp., a leader in capacitors that’s trading at $18.13, down from $30 a year ago, and TriplePoint Venture Growth BDC Corp., a diversified investment company.Abby Joseph Cohen, senior investment strategist at Goldman Sachs Group Inc., says the U.S.-China trade war is contributing to lower capital spending and that a Fed interest rate cut won’t change that. The risk of another federal budget showdown also could hurt equities. Her picks: the SPDR S&P Dividend ETF, which is linked to the S&P Composite 1500 and can include small-cap and mid-cap stocks; Japanese auto-parts company Denso Corp.; and pharmaceutical company Eli Lilly & Co.Oscar Schafer, chairman of investment advisory company Rivulet Capital LLC, is sticking with picks from earlier in the year. He likes Ball Corp. and Crown Holdings Inc., aluminum can manufacturers benefiting from bad press about the environmental impact of plastic containers, as well as Sealed Air Corp., another packaging company, and discount retailer Dollar Tree Inc.Henry Ellenbogen, the former manager of T. Rowe Price New Horizons fund who recently left to form his own venture, says the 2020 election cycle stokes unpredictability. His picks include Vail Resorts Inc., which he says could move as high as $300 a share (from Friday’s $227.49), and real estate companies FirstService Corp., and Redfin Corp.Meryl Witmer, a general partner at the hedge fund Eagle Capital Partners, said equity valuations are “all over the place,” with bubbles in some stocks while industrial-type companies are “wallowing at low valuations.” She likes Morgan Stanley, Swiss-based cement producer LafargeHolcim Ltd. and Fox Corp., which was spun out of 21st Century Fox at the time of Disney’s acquisition of 21st Century Fox assets.Geopolitical risks are high, and the easy pickings from globalization in creating a cheap labor force are mostly over, said William Priest, CEO of Epoch Investment Partners. His mid-year picks included gaming company MGM Resorts International and Centene Corp., a health insurer active in Medicaid and the Obamacare exchanges.(Updates with Witmer, Priest picks in final bullets.)To contact the reporter on this story: Margaret Newkirk in Atlanta at email@example.comTo contact the editors responsible for this story: Stephen Merelman at firstname.lastname@example.org, Ros Krasny, Virginia Van NattaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
FNC Continues to Dominate All of Basic Cable in Total Day and Primetime for Month of June and Second Quarter 2019
(Bloomberg Opinion) -- Walt Disney Co. is almost single-handedly propping up the U.S. box office this year. That doesn’t bode well for the theater industry, because 2019 may be as good as it gets for Disney’s movie-making business. Just $5.62 billion of tickets have been sold in North American movie theaters, about a 10% drop from the first half of last year, according to Box Office Mojo. Disney, which has released a blockbuster a month since March, starting with “Captain Marvel,” drove more than a third of those ticket sales. That’s by far the biggest share the company has ever taken – and that’s not including the films Disney inherited from its recent $85 billion acquisition of 21st Century Fox. Since hitting the big screen in April, Disney’s “Avengers: Endgame,” another film from its Marvel collection, has come extremely close to unseating “Avatar” as the world’s highest-grossing film of all time, capturing $2.76 billion in ticket sales globally. Last weekend, it was re-released with bonus footage in a final push to claim the title. But while Disney works on breaking that record, theater operator AMC Entertainment Holdings Inc. is reluctantly shattering another: Its stock dropped to an all-time low on Tuesday. AMC has declined 25% year to date, amid sluggish attendance at its multiplexes. After its market value slid below the $1 billion mark last week, the company is worth barely more than the $835 million it paid to acquire Carmike Cinemas three years ago. Theater businesses have become increasingly dependent on food and beverage sales as they get squeezed by studios like Disney when it comes to ticket revenue, so AMC and its shrinking number of rivals have hoped that cinema upgrades and better food would boost turnout. AMC even noted prominently in its latest 10-K filing that 345 of its theaters now have recliner seating and that alcohol is offered in nearly as many.(1)Problem is, in the age of Netflix and a burgeoning market of copycats, a beer and comfy seat apparently aren’t enough to draw a sizable audience away from their own couches. Only big-budget, superhero blockbusters and remakes of beloved classics seem to do that – and those are Disney’s bread and butter. This summer’s Disney/Pixar lineup is a blast from the 1990s, with “Toy Story: 4” currently in theaters and “The Lion King” opening July 19. Among the company’s other coming attractions are “Frozen 2” and “Star Wars: The Rise of Skywalker.” Tuesday does mark the domestic debut of "Spider-Man: Far From Home,” which is distributed by Sony Corp., not Disney, even though it’s part of the Marvel Cinematic Universe. Boxoffice Pro projects a strong $120 million opening weekend, which would help businesses like AMC. However, the film’s hilariously bad marketing posters were mocked on social media for what looked like a beginner Photoshop job, with Samuel L. Jackson using the hashtag headsgonroll. It speaks to the difference in quality of a Disney project. That said, Disney’s success this year will be quite difficult to repeat, as I wrote in April. Its studios have fewer blockbusters slated for next year, and it’s also slowing down production of future “Star Wars” films. After Episode IX, the next Lucasfilm release isn’t until December 2022. Disney has also delayed “Avatar 2,” a franchise that came with its Fox deal, until December 2021. That means any resurgence in the theater industry may be at least two years away. As for the theaters themselves, there’s the question of whether Disney decides to reserve future smaller Fox films for its own streaming apps instead of sending them to the big screen. Disney+, the company’s version of Netflix, launches in November, and it plans to somehow bundle the product with Hulu, which it now controls. While Disney tries to drive subscriptions for those services, it’ll need to make tough calls about where to direct spending and premiere its content. Its competitors, such as Warner Bros. parent AT&T Inc. and Universal Pictures parent Comcast Corp., will have to do the same. Disney’s tent-pole pictures may always attract theatergoers. Whether that’s enough to keep cinemas alive is another story.(1) Furthermore, the average ticket price fell this year for the first time since 1993, Box Office Mojo data show.(Some studios may also look to shorten the amount of time their flicks stay in theaters, making snacks all the more crucial to a cinema’s bottom line.)To contact the author of this story: Tara Lachapelle at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering deals, Berkshire Hathaway Inc., media and telecommunications. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
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How far off is Fox Corporation (NASDAQ:FOXA) from its intrinsic value? Using the most recent financial data, we'll...
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?
‘Special Report’s’ Bret Baier and ‘The Story’s’ Martha MacCallum to Moderate
FOX Nation, the new on demand subscription-based streaming service, will roll out a fresh slate of programming this summer including new shows with FOX News Channel (FNC) contributors Tyrus, Kat Timpf, Tammy Bruce and Lawrence Jones. FNC contributor Britt McHenry will continue as co-host of the hot topics program UN-PC alongside a rotating co-host.
FOX News has named Viant Technology’s Jeff Collins as Executive Vice President of Advertising Sales, announced Marianne Gambelli, President of Advertising Sales for Fox Corporation. Starting today, Collins will oversee advertising sales for all of FOX News Media including, FOX News Channel, FOX Business Network and FOX News Digital.
April Marks Fourth Month in a Row FOX News Digital Surpassed 100 Million Unique Visitors
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains dives into Disney's (DIS) future as the company embarks on its streaming TV journey to challenge Netflix (NFLX) and Amazon Prime (AMZN).
News Corp (NWSA) retains positive earnings surprise trend in the third quarter. Sturdy performance across Book Publishing and Subscription Video Services segments contributed to the company's results.
(Reuters) - Wall Street Journal-owner News Corp reported a surprise quarterly profit on Thursday, driven by strong growth in earnings at its book publishing and subscription video services units.
Chevron closed up more than 3% after the oil company said it would not submit a new offer to acquire Anadarko Petroleum, walking away from the deal with a $1 billion breakup fee. This comes after Anadarko APC said the bid from Occidental Petroleum OXY was superior to Chevron's. Stamps.com STMP - Shares of Stamps.com closed down more than 55% after the company slashed its 2019 earnings index .
Investing.com - Fox surged Thursday after it invested hundreds of millions of dollars on a sports-betting platform that it hopes will diversify its revenue streams and expand the reach of the Fox Sports brand.
The company formerly known as Coach reported adjusted quarterly profit of 42 cents per share, a penny a share above estimates. The seller of the Schick and Wilkinson razor brands also reported adjusted quarterly profit of $1.13 per share, 13 cents a share above estimates. Revenue came in below Wall Street forecasts.
Let's see how Disney's biggest units, from the ESPN-heavy Media Networks to its Studio Entertainment division and its new direct-to-consumer segment, are projected to perform in Q2 2019.