|Bid||13.59 x 1300|
|Ask||13.60 x 800|
|Day's range||13.51 - 13.84|
|52-week range||11.81 - 19.97|
|Beta (3Y monthly)||N/A|
|PE ratio (TTM)||41.99|
|Forward dividend & yield||N/A (N/A)|
|1y target est||17.79|
Latest earnings report hints that the tech giant should spin off its fragmented and unprofitable digital-media platforms.
China’s top streaming music company delivers nearly 40% sales growth -- but its stock gets pummeled by escalated trade tensions.
Coca-Cola KO — Coca-Cola rose 1.3% after Morgan Stanley upgraded the company to overweight from equal weight. Morgan Stanley said it raised Coke's valuation because the company's current valuation does not reflect its growth prospects. Walt Disney DIS — Disney shares rose 1.4% after the company announced that it will assume full operational control over the streaming service Hulu as part of a deal with Comcast CMCSA , effective immediately.
Digital Media Scene Heating Up: SPOT, TME, AMZN, GOOGL(Continued from Prior Part)Vivendi looking to sell up to 50% of Universal Music GroupTencent Music (TME) may be thinking about purchasing a stake in UMG (Universal Music Group), the world’s
Take-Two Interactive TTWO — Take-Two reported adjusted quarterly profit of 78 cents per share , 3 cents a share above estimates. Revenue was below Wall Street forecasts, however, and the company gave a weaker-than-expected outlook as it continues to face intense competition from Fortnite and other popular games. CyberArk Software CYBR — The cybersecurity software company reported adjusted quarterly profit of 56 cents per share, 15 cents a share above estimates.
China's Tencent Music Entertainment Group said it had started charging for more of its content in the first quarter as the popularity of its pay-for-streaming services helped drive up profit to above expectations. The company, controlled by Chinese tech giant Tencent Holdings Ltd, reported results for the second time since it went public in December and said paid users of its online music service jumped 27.4% to 28.4 million in the three months ended March 31. "As our users increasingly consume music content through streaming services, we are riding on this trend to gradually transition into a pay-for-streaming model over the coming years," CEO Cussion Pang said in a statement on Monday.
Shares of Take-Two Interactive TTWO fell more than 1% during extended trading on Monday after the video game company reported revenue that missed estimates and weak first-quarter guidance. The company reported fourth-quarter earnings per share of 50 cents on revenue of $488 million. StoneCo STNE stock jumped nearly 5% after hours, despite the company's better-than-expected first-quarter earnings.
Another wave of earnings reports and economic data releases will try to pull focus from the concerns of escalating trade tensions that weighed on markets last week.
The Lifetouch and Business Solutions segments' robust performances drive Shutterfly's (SFLY) top line in first-quarter 2019.
The coming crop of unicorns might offer better plays than last year’s, which have mostly been dogs for investors. A boost from Lyft?
Investors need to pay close attention to Tencent Music (TME) stock based on the movements in the options market lately.