2.05k followers • 13 symbols Watchlist by Yahoo Finance
This basket consists of companies tied to modern and traditional romance in the US.
The Home Depot, Inc.
Marriott International, Inc.
The Hershey Company
Match Group, Inc.
Tiffany & Co.
Darden Restaurants, Inc.
L Brands, Inc.
Signet Jewelers Limited
AMC Entertainment Holdings, Inc.
Ruth's Hospitality Group, Inc.
Stock futures added to gains Wednesday evening, with tech shares continuing their relentless march higher as overnight trading kicked off.
In the latest trading session, Netflix (NFLX) closed at $502.78, marking a +1.95% move from the previous day.
NFLX stock is up 55% in 2020. So now let's see if investors should consider buying the soaring streaming firm ahead of its second quarter earnings release on July 16...
Coronavirus has put it on life support, but the movie theater chain may have bought itself some time.
The troubled movie theater chain's share price popped, but the news that drove the advance wasn't exactly good.
It's tempting to compare Spotify's (NYSE: SPOT) recent push into original podcast content to Netflix's (NASDAQ: NFLX) wildly successful expansion into original video content. The Swedish music streaming leader has even directly encouraged such comparisons. Former CFO Barry McCarthy, who had previously served as Netflix CFO and retired earlier this year, put it bluntly last October: "So streaming was to Netflix as podcasting is to Spotify."
Amazon.com (NASDAQ: AMZN) is finally bringing the account-profile feature for its Prime Video service to the U.S. The feature is a standard on Netflix (NASDAQ: NFLX) and Disney's (NYSE: DIS) new Disney+ service. Amazon began rolling out the account enhancement earlier this year in India and some countries in Africa and Asia, but it was launching the feature in phases to the rest of the world.
Investors need to pay close attention to L Brands (LB) stock based on the movements in the options market lately.
Home Depot (NYSE: HD) proved to be resilient during the pandemic. Importantly, in the post-pandemic long run, Home Depot can stave off Amazon from encroaching on its business. The initiative aims to make it easier for customers to order online and pick up in-store, for example, which is a more profitable transaction for Home Depot compared to shipping.
Few industries have been hobbled by the coronavirus pandemic as much as movie theaters. The company warned in early June that its ability to continue as a "going concern" was in substantial doubt, an admission that the company could be forced into bankruptcy. It also lost $149 million on a generally accepted accounting principles (GAAP) basis, and the company paid out a generous dividend, making it more vulnerable to the current crisis.
New Mountain Finance Corporation Schedules its Second Quarter 2020 Earnings Release and Dividend Announcement
Netflix (NASDAQ: NFLX) is slated to report its second-quarter results on July 16. While many companies decided not to give forecasts for the next quarter, Netflix decided to give it a shot. With coronavirus cases surging in some states in the U.S., and the threat level still high globally, Netflix should continue to experience increasing subscriber growth.
Even as the index recovered from its plunge and returned to setting new record highs, these stocks missed the boat.
First came the pastel numbers sported by Wagner Moura as Pablo Escobar in Netflix’s Narcos . Then Brad Pitt’s Hawaiian shirt in Once Upon a Time in Hollywood , with its Japanese-style print on bright ...
AMC Ent. Hldgs, Inc. Announces Extension of Early Deadline, Withdrawal Deadline & Expiration Time of Private Exchange Offers & Consent Solicitations
The top streaming platform impressed investors with its subscriber totals last quarter, and expects to keep audiences engaged with more content releases in the near term.
Let's see how these stocks are placed as we enter earnings season.
With the stock market continuing its rebound from lows during the coronavirus market crash earlier this year, some companies' stocks have done more than recover -- they've soared to new all-time highs. Two notable businesses that have seen their shares skyrocket to record levels recently are Netflix (NASDAQ: AAPL) and Apple (NASDAQ: AAPL). Shares of Apple hit $375.77 at one point on Monday, marking a new all-time high for the stock.
The booming rooftop solar panel industry nosedived overnight when the coronavirus forced homeowners to rein in spending and keep their distance from would-be installers. At stake is the future of a key driver of the global transition from fossil fuels to renewable energy: solar power was the second-fastest growing renewable source after wind in 2019, according to the International Energy Agency. Energy research firm Wood Mackenzie has slashed its rooftop solar installation forecasts for Europe and the United States by a whopping 30% this year, while lifting its forecast by 3% in Asia, where China provides strong government support.
Wall Street analysts think Netflix will post its second quarter in a row of big subscriber gains thanks to the stay-at-home entertainment boom during the Covid-19 coronavirus pandemic.
If you are looking for the best ideas for your portfolio you may want to consider some of Greenlight Capital's top stock picks. Greenlight Capital, an investment management firm, is bearish on Netflix Inc (NASDAQ:NFLX) stock. In its Q4 2019 investor letter – you can download a copy here – the firm discussed its investment […]
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
Fasten your seat belts. Tightly!As Q2 earnings reports begin trickling in, investors everywhere should prepare for what one headline writer called "The Ugliest Earnings Season since the Financial Crisis."The year-over-year fallout from the coronavirus pandemic that kept most of the world in family confinement for many months has widely been expected to show its nastiest side in Q2 earnings results, and we're about to find out how hideous it was.FactSet, for example, is predicting all 11 sectors of the S&P 500 could fall into negative territory for a white-knuckled 43.8% drop into the earnings abyss for the quarter. The biggest loser leaders include Energy, Consumer Discretionary, Industrials and Financial sectors, according to FactSet's John Butters."If -43.8% is the actual decline for the quarter, it will mark the largest year-over-year decline in earnings for the index since Q4 2008 (-69.1%)," he wrote in a recent update.On the other side of the biggest loser equation is the sector with the smallest expected setback--the Communications Services sector. With some of the largest and most well-known companies in it, such as Netflix Inc (NASDAQ: NFLX), Walt Disney Co (NYSE: DIS), Facebook Inc (NASDAQ: FB), Google parent Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), and Twitter Inc (NYSE: TWTR), Comms represents the nonliving lifeblood of nearly every American who turns to their phones, computers or TVs to work, live or play. They also rely on AT&T Inc. (NYSET) and Verizon Communications Inc (NYSE: VZ) to access many of those platforms.Comms Sector Results A Guesstimate Here's something to chew on: 100% of the Comms companies that have issued guidance for Q2 have made positive calls. That's directly opposite of the calls from the Utilities or Industrials sectors, according to FactSet.Still, FactSet is looking at a 30.9% drop in Q2 Comms sector earnings growth today compared to a 2.7% decline at the end of Q1. Revenue growth projections have fallen to a minus-5.7% today vs. where they stood at Q1's end at a 4.4% gain.That could help in understanding FactSet's percentages of buy, hold, and sell ratings on the sector. Some 58% of analysts are recommending buys on stocks in the sector, while 35% say hold and 6% say sell. Only Energy and Health Care sectors scored higher buy percentages at 62% and 61%, respectively.The positive outlook for Comms--relative to other sectors--has helped power share prices as well (see chart below).FIGURE 1: BREAKING AWAY. During the height of the pandemic meltdown in March, the Communications Services sector ($IXC--candlestick) fell hard along with the broader market S&P 500 Index (SPX--purple line), but since then has become the pacesetter. Data source: S&P Dow Jones Indices. Chart source: The thinkorswim® platform from TD Ameritrade. For illustrative purposes only. Past performance does not guarantee future results.But here's something else to munch on: With so much uncertainty ahead for COVID-19 outbreaks, companies have failed to offer up guidance. Or, as Bank of America's Savita Subramanian wrote in a recent note, it's all a guesstimate."At this point, exactly 400 companies within the S&P 500 have failed to guide over the last three months...suggesting that corporate sentiment is neither positive nor negative, but simply a big question mark," she said.A NFLX Exception? If it feels like NFLX is hitting fresh highs most weeks, it's probably because it has. Since tumbling with the rest of the stock market in mid March, NFLX shares have soared better than 65%. After bottoming at a 52-week low in mid September of last year, the stock has doubled in value.Thanks to NFLX, there was some much-needed therapy available to help provide solace from the long days and nights of staying in one place--often with bored children, and spouses--that the tandem effect of the coronavirus pandemic and a near worldwide quarantine created.Investors largely expected NFLX to add high numbers of new subscribers in Q1 as folks desperate for entertainment, even the mind-numbing sort, turned to the streaming video provider. Investors might want to keep tabs on anything NFLX executives might say about pricing power, something some analysts are thinking will come sooner rather than later, given the momentum and the still cloudy outlook for containing Covid-19 outbreaks in the U.S."With many consumers continuing to stay home and limiting outdoor social activities amid uneven reopenings, Netflix engagement has likely remained high," Cowen analyst John Blackledge said in a recent note to clients.Disney Not Throwing Away Its Shot It's been barely eight months since DIS rolled out its Disney+ streaming service and analysts say the quarantine gave it an immediate bump into the big leagues competing against NFLX and Amazon.com Inc's (NASDAQ: AMZN) Prime streaming service. Desperate parents might have had a big hand in that, helping to account for the 54.5 million worldwide subscribers to the service in just the first six months, according to the company.Its recent release of musical Hamilton spurred a 74% hike in mobile downloads over the 4th of July weekend, equivalent to 752,451 times globally, according to analytics firm Apptopia. And even that number could be low considering it only accounts for the mobile app download and doesn't include downloads to online services or via smart TVs, Variety noted in a recent article.While all that's well and good, analysts said Disney+'s gains aren't nearly enough to overcome the lost revenues when it was forced to close down its theme parks, resorts and cruise lines. At the same time, movie theaters went dark, and it's unclear whether DIS will have to find other means of distributing movies like "Mulan," slated for release in July, if movie theaters don't open or even if they do, but at limited capacities.The GOOG, FB, TWTR Ad Revenue Conundrum On the social media side of Comms, nothing seems to be piquing the Q2 interests of analysts more than advertising revenues, which stumbled in March and looked to be on an uneven path into Q2, according to GOOG, FB and TWTR Q1 earnings statements and conference calls.As the pandemic got into full swing in mid to late March and consumers stayed hunkered down at home, out of shopping centers and malls, fitness facilities and restaurants, advertising revenues dropped. That didn't put too big of a dent in revenues--all three posted double-digit gains--but it forewarned of an ambiguous near-term future, meaning Q2 and Q3.GOOG also saw its ad revenues take a "significant and sudden hit" in March that Chief Executive Sundar Pichai "correlated to the locations and sectors impacted by the virus and related shutdown orders."The company anticipated Q2 would be a "difficult one" but said in April it would be "premature to comment on timing, given all the variables here." Both companies saw ad revenues stabilizing as they edged in April but were wary.TWTR, too, pulled in new users in Q1 as people everywhere were searching for information about the pandemic's march across the world. As Chief Executive Jack Dorsey said in a statement, "In this difficult time, Twitter's purpose is proving more vital than ever. We are helping the world stay informed."But TWTR saw the writing on the wall in March as advertisers began pulling back spending and warned investors at the time. Analysts have noted TWTR could get a bigger hit to its ad base because it leans toward brand advertising, typically the first ads to get cut when finances get tight.FB's Other Ad Revenue Troubles It's a boycott by some 750 of the platform's largest advertisers in July, including VZ, Coca-Cola Co (NYSE: KO), Starbucks Corporatio (NASDAQ: SBUX) and Unilever NV (NYSE: UN) to prompt FB to announce tougher actions on what they consider inappropriate messaging on Facebook and Instagram.The initiative was launched last month in an open letter to FB advertisers from the Anti-Defamation League, aimed at cleaning up its approach to "divisive, hateful and conspiratorial content.""Every day, we see ads from companies placed adjacent to hateful content, occupying the same space as extremist recruitment groups and harmful disinformation campaigns," the June 25 letter stated.FB CEO Mark Zuckerberg was expected to have a virtual meeting with the Anti-Defamation League and other like-minded civil rights groups but had not publicly made a statement about the boycott. It could be interesting to see how this unfolds and whether Zuckerberg discusses it on the conference call.GOOG, FB, TWTR and their International Challenges As these three continue to face regulatory issues in the U.S., the trio is also in the same boat abroad. Keep an eye on the European Union's efforts to rein in GOOG, AMZN, and FB's alleged anticompetitive behavior and an ear bent to what those giants might have to say about them. (AMZN isn't a Comms sector company but could be worth watching with these others nonetheless.)The EU's top antitrust boss is devising a playbook for techs that includes heavier taxes and "compelling them to shoulder more responsibility for illegal content on their platforms," according to a Wall Street Journal article."It's a full complex of things. It's not done with just one piece of legislation," Margrethe Vestager said in an interview with a small group of reporters, according to WSJ. "After the first mandate and the first specific competition cases, what I have seen very clearly is that we need rigorous competition-law enforcement, but we also need regulation," she said.GOOG, FB, and TWTR also appear to be putting themselves on a collision course with the Chinese government after recently halting all user data requests from Hong Kong's law enforcement agencies.That follows Beijing's new national security law that is said to be aimed at quelling opposition and all those Hong Kong protests against the ruling Communist Party, according to published reports. Hong Kong residents have reportedly relied without retribution on the social media giants for a variety of communications, including expressing political opinions, just like U.S. citizens.The law, passed in secrecy June 30 and put into effect July 7, says that police who suspect an "electronic message" that might risk "national security" could turn to the platform, host, or network provider to remove or restrict access, according to the Wall Street Journal.Regardless of how the new measures pan out, there could be an impact to the revenue these companies get from advertisers on the messaging boards.T and VZ: Streaming, 5G, Plus More There's been a bundle of news coming out of T in recent weeks, including reports of a potential sale of the Warner Bros Interactive Entertainment division, the gaming arm. CNBC reported in mid June that T was considering a sale that would pull in $4 billion.That's a lot of moolah but remember T has a boatload of debt, much of it tied to the $104 billion purchase of TimeWarner and its debt in 2018. T pulled its guidance April 22, noting the coronavirus impact. Analysts said they're looking for more insight on revenue numbers as well as debt-reduction plans. In June, T said its debt was now more "manageable" after it had paid down $4.3 billion in bonds and another $1 billion prepayment of term loans."This series of transactions is consistent with AT&T's plans to continue improving its credit quality even as it remains committed to paying a dividend to its shareholders and investing in its growth areas--fiber, 5G and HBO Max," the statement said.Not long after, the WarnerMedia division announced plans to sell the iconic CNN Center in downtown Atlanta, with plans to lease back the space for a minimum of five years, the company said in a June 29 statement.At the same time, T has said it's focusing on the streaming service business, which could mean they may turn their attention to HBO Max.Then, of course, there's the 5G plan. T was the first 5G carrier in the industry and has said its policy framework will concentrate on mobile 5G, fixed wireless, and edge computing. It also said it would have nationwide coverage of 5G by the end of the year, albeit with some on a lower frequency spectrum. Something to listen for heading into T's earnings call is if those plans are still in place and if there's any possibility of fast-tracking any of the super-fast internet plans at a time when work-at-home is the new norm as is school-at-home and binge-at-home. Speaking of 5G, VZ is apparently the speed leader in the 5G race because it relies on what's called mmWave spectrum, according to OpenSignal, an independent mobile analytics group. Will the higher speed give VZ the ability to overpower T?Last month, VZ announced its trials of dynamic spectrum sharing, DSS, technology in a couple of states. This gave VZ the confidence to move ahead with its plan to launch 5G this year, according to industry watchers. Something to listen for during VZ's earnings call is how the company plans to roll that out, as the nation grapples with the pandemic. The company was one of the few to provide some guidance for Q2, lowering its expected adjusted earnings per share to a range of 2% to minus-2% from an earlier forecast of 2% to 4% increase.The need for VZ services may have jacked up in Q1, but did the company stay on that path in Q2? And how did VZ juggle that with aggressive plans to move forward on its tech plays? Stay tuned. TD Ameritrade® commentary for educational purposes only. Member SIPC.Photo by Glenn Carstens-Peters on UnsplashSee more from Benzinga * New Day, New Sentiment: Travel And Tech Stocks On Defense After Monday's Big Gains * Early Strength Seen In Many Stocks Tied to Reopening, Including Airlines, Casinos, Autos * Airline, Travel Stocks Could Be In Focus Today As Stronger-Than-Forecast Jobs Report Boosts Sentiment(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.