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Comcast earnings beat estimates but sales fall short, high speed internet revenue up 10%

This quarter, Comcast lost 121,000 video customers compared with 96,000 during the same period last year. Comcast reported pro forma first-quarter revenue for Sky of $4.8 billion, driven mainly by higher content revenue. Here’s how Comcast’s other divisions did for the first quarter:Cable communications accounted for $14.3 billion in total revenue. Broadcast television, excluding the Olympics and Super Bowl, accounted for $2.5 billion in total revenue. Filmed entertainment brought in $1.8 billio

This quarter, Comcast lost 121,000 video customers compared with 96,000 during the same period last year. Comcast reported pro forma first-quarter revenue for Sky of $4.8 billion, driven mainly by higher content revenue. Here’s how Comcast’s other divisions did for the first quarter:Cable communications accounted for $14.3 billion in total revenue. Broadcast television, excluding the Olympics and Super Bowl, accounted for $2.5 billion in total revenue. Filmed entertainment brought in $1.8 billio
Comcast earnings beat estimates but sales fall short, high speed internet revenue up 10% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: lauren feiner, sopa images, getty images
Keywords: news, cnbc, companies, short, fall, billion, internet, olympics, expected, sales, speed, revenue, estimates, total, super, streaming, high, comcast, quarter, earnings

Comcast earnings beat estimates but sales fall short, high speed internet revenue up 10%

Comcast on Thursday reported first-quarter earnings that surpassed expectations, but revenue fell short. Closely watched data on new high-speed internet customers beat projections.

The stock fell more than 1% in premarket trading, setting it up to shave more than $2 billion from its market cap, bringing it to around $187 billion.

Here are the numbers Comcast reported:

Earnings per share: 76 cents, adjusted vs. 68 cents expected in a Refinitiv survey of analysts

Revenue: $26.86 billion vs. $27.2 billion expected in the survey

High-speed internet customers: 375,000 vs. 353,000 net adds expected, according to a FactSet consensus estimate

Comcast said its revenue miss was due in part to the difficulty in comparing this quarter with the first quarter of 2018, which included NBC’s coverage of the Winter Olympics and Super Bowl. Comcast had beaten estimates on the top and bottom lines for the last two quarters and has seen its stock rise 25% over the past 12 months.

“I think across the board, when you adjust out for the Super Bowl and the Olympics, [it’s] pretty much exactly what we expected on the revenue side, at least internally,” Comcast CEO Brian Roberts said in an interview on CNBC’s “Squawk Box” following the report.

Comcast said this quarter reflected its best quarterly EBITDA cable growth in over 10 years with a 9.8% increase to $5.7 billion. The increase reflects higher revenue despite a 0.8% increase in operating expenses.

With analysts anticipating a decline in Comcast’s video segment, the company has laid out plans to branch out further into streaming. This quarter, Comcast lost 121,000 video customers compared with 96,000 during the same period last year.

Comcast-owned NBCUniversal, the parent company of CNBC, announced earlier this year that it will debut its free, ad-supported streaming service in the first quarter of 2020. The service will be available to any traditional pay-TV subscriber by logging in through a cable or satellite provider. Everyone else can sign up for about $12 per month, a person familiar with the company’s plans told CNBC shortly after the announcement. NBCUniversal’s service will be up against established streaming services like Netflix and Amazon’s Prime Video, as well as newer players coming later this year from Disney, Apple and AT&T’s WarnerMedia.

Roberts said the uptick in new streaming services could actually be a boon for the business.

“The more people want to stream, the more you want the best broadband,” Roberts said. “Hence, you’re seeing the kind of results we saw today in the first quarter, which is why broadband’s been strong not just this quarter, but all of last year and we hope throughout the remainder of this year.”

Comcast reported revenue of $8.3 billion for NBCUniversal, a 12.5% decrease from the previous year, which had included $1.6 billion in incremental revenue based on the Olympics and Super Bowl.

Comcast’s report included performance for British broadcaster Sky for the second time following its acquisition last year. Comcast reported pro forma first-quarter revenue for Sky of $4.8 billion, driven mainly by higher content revenue. Sky added 112,000 customer relationships for the quarter, which Comcast said reflected growth in all of its markets.

Here’s how Comcast’s other divisions did for the first quarter:

Cable communications accounted for $14.3 billion in total revenue.

Cable networks, excluding the Olympics, accounted for $2.9 billion in total revenue.

Broadcast television, excluding the Olympics and Super Bowl, accounted for $2.5 billion in total revenue.

Filmed entertainment brought in $1.8 billion in total revenue.

Theme Parks brought in $1.3 billion in revenue.

Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC and CNBC.com.

Subscribe to CNBC on YouTube.

Watch: Netflix’s long-term play would be to get Comcast out of this relationship: Senior analyst

Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: lauren feiner, sopa images, getty images
Keywords: news, cnbc, companies, short, fall, billion, internet, olympics, expected, sales, speed, revenue, estimates, total, super, streaming, high, comcast, quarter, earnings

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Comcast earnings beat estimates but sales fall short, high speed internet revenue up 10%

This quarter, Comcast lost 121,000 video customers compared with 96,000 during the same period last year. Comcast reported pro forma first-quarter revenue for Sky of $4.8 billion, driven mainly by higher content revenue. Here’s how Comcast’s other divisions did for the first quarter:Cable communications accounted for $14.3 billion in total revenue. Broadcast television, excluding the Olympics and Super Bowl, accounted for $2.5 billion in total revenue. Filmed entertainment brought in $1.8 billio

This quarter, Comcast lost 121,000 video customers compared with 96,000 during the same period last year. Comcast reported pro forma first-quarter revenue for Sky of $4.8 billion, driven mainly by higher content revenue. Here’s how Comcast’s other divisions did for the first quarter:Cable communications accounted for $14.3 billion in total revenue. Broadcast television, excluding the Olympics and Super Bowl, accounted for $2.5 billion in total revenue. Filmed entertainment brought in $1.8 billio
Comcast earnings beat estimates but sales fall short, high speed internet revenue up 10% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: lauren feiner, sopa images, getty images
Keywords: news, cnbc, companies, total, revenue, super, sales, short, estimates, high, fall, olympics, speed, company, internet, expected, comcast, billion, earnings, streaming, quarter

Comcast earnings beat estimates but sales fall short, high speed internet revenue up 10%

Comcast on Thursday reported first-quarter earnings that surpassed expectations, but revenue fell short. Closely watched data on new high-speed internet customers beat projections.

The stock fell about 1% after the release, but went up 2% during the earnings call when the company discussed better-than-expected guidance for its cable communications business.

The stock continued to climb, up more than 3% Thursday. The rally added over $6 billion to its market cap to bring it around $196 billion.

Here are the numbers Comcast reported:

Earnings per share: 76 cents, adjusted vs. 68 cents expected in a Refinitiv survey of analysts

Revenue: $26.86 billion vs. $27.2 billion expected in the survey

High-speed internet customers: 375,000 vs. 353,000 net adds expected, according to a FactSet consensus estimate

Comcast said it expects up to 100 basis points of year over year margin improvement for the full year, raising its original guidance of up to 50 basis points of improvement in 2019.

Comcast said its revenue miss was due in part to the difficulty in comparing this quarter with the first quarter of 2018, which included NBC’s coverage of the Winter Olympics and Super Bowl. Comcast had beaten estimates on the top and bottom lines for the last two quarters and has seen its stock rise 25% over the past 12 months.

“I think across the board, when you adjust out for the Super Bowl and the Olympics, [it’s] pretty much exactly what we expected on the revenue side, at least internally,” Comcast CEO Brian Roberts said in an interview on CNBC’s “Squawk Box” following the report.

Comcast said this quarter reflected its best quarterly EBITDA cable growth in over 10 years with a 9.8% increase to $5.7 billion. The increase reflects higher revenue despite a 0.8% increase in operating expenses.

With analysts anticipating a decline in Comcast’s video segment, the company has laid out plans to branch out further into streaming. This quarter, Comcast lost 121,000 video customers compared with 96,000 during the same period last year.

Comcast-owned NBCUniversal, the parent company of CNBC, announced earlier this year that it will debut its free, ad-supported streaming service in the first quarter of 2020. The service will be available to any traditional pay-TV subscriber by logging in through a cable or satellite provider. Everyone else can sign up for about $12 per month, a person familiar with the company’s plans told CNBC shortly after the announcement. NBCUniversal’s service will be up against established streaming services like Netflix and Amazon’s Prime Video, as well as newer players coming later this year from Disney, Apple and AT&T’s WarnerMedia.

Roberts said the uptick in new streaming services could actually be a boon for the business.

“The more people want to stream, the more you want the best broadband,” Roberts said. “Hence, you’re seeing the kind of results we saw today in the first quarter, which is why broadband’s been strong not just this quarter, but all of last year and we hope throughout the remainder of this year.”

Comcast reported revenue of $8.3 billion for NBCUniversal, a 12.5% decrease from the previous year, which had included $1.6 billion in incremental revenue based on the Olympics and Super Bowl.

Comcast’s report included performance for British broadcaster Sky for the second time following its acquisition last year. Comcast reported pro forma first-quarter revenue for Sky of $4.8 billion, driven mainly by higher content revenue. Sky added 112,000 customer relationships for the quarter, which Comcast said reflected growth in all of its markets.

On a call with analysts following the report, Roberts said the company is “exploring launching a global NBC-Sky news channel later this year.”

Here’s how Comcast’s other divisions did for the first quarter:

Cable communications accounted for $14.3 billion in total revenue.

Cable networks, excluding the Olympics, accounted for $2.9 billion in total revenue.

Broadcast television, excluding the Olympics and Super Bowl, accounted for $2.5 billion in total revenue.

Filmed entertainment brought in $1.8 billion in total revenue.

Theme Parks brought in $1.3 billion in revenue.

Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC and CNBC.com.

Subscribe to CNBC on YouTube.

Watch: Netflix’s long-term play would be to get Comcast out of this relationship: Senior analyst

Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: lauren feiner, sopa images, getty images
Keywords: news, cnbc, companies, total, revenue, super, sales, short, estimates, high, fall, olympics, speed, company, internet, expected, comcast, billion, earnings, streaming, quarter

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The US is attacking Huawei and China — without its own 5G strategy

The United States and China are racing to build out high-speed 5G networks, and President Donald Trump doesn’t want America to come in second place. Last week, Trump introduced initiatives to speed up the rollout of new wireless networks across the U.S., saying “the race to 5G is a race America must win.” But experts say the U.S. still lacks a clear 5G strategy that goes beyond attacking Huawei, a Chinese tech giant and the world’s biggest supplier of telecommunications equipment. “I think they’

The United States and China are racing to build out high-speed 5G networks, and President Donald Trump doesn’t want America to come in second place. Last week, Trump introduced initiatives to speed up the rollout of new wireless networks across the U.S., saying “the race to 5G is a race America must win.” But experts say the U.S. still lacks a clear 5G strategy that goes beyond attacking Huawei, a Chinese tech giant and the world’s biggest supplier of telecommunications equipment. “I think they’
The US is attacking Huawei and China — without its own 5G strategy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: elizabeth schulze, omar marques, sopa images, lightrocket, getty images, qilai shen, bloomberg
Keywords: news, cnbc, companies, china, america, theyve, race, networks, strategy, worlds, attacking, trump, 5g, huawei

The US is attacking Huawei and China — without its own 5G strategy

The United States and China are racing to build out high-speed 5G networks, and President Donald Trump doesn’t want America to come in second place.

Last week, Trump introduced initiatives to speed up the rollout of new wireless networks across the U.S., saying “the race to 5G is a race America must win.” But experts say the U.S. still lacks a clear 5G strategy that goes beyond attacking Huawei, a Chinese tech giant and the world’s biggest supplier of telecommunications equipment.

“I think they’ve been rather leaden-footed in the way they’ve responded,” Nigel Inkster, a former British intelligence official and senior advisor at the International Institute for Strategic Studies, told CNBC’s Beyond the Valley. “Firstly by lacking an explicit, government-articulated strategy in relation to 5G which is only now starting to emerge, but also in arguing or shaping the challenge from China and from Huawei solely as an espionage issue.”

Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: elizabeth schulze, omar marques, sopa images, lightrocket, getty images, qilai shen, bloomberg
Keywords: news, cnbc, companies, china, america, theyve, race, networks, strategy, worlds, attacking, trump, 5g, huawei

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The US is attacking Huawei and China — without its own 5G strategy

The United States and China are racing to build out high-speed 5G networks, and President Donald Trump doesn’t want America to come in second place. Last week, Trump introduced initiatives to speed up the rollout of new wireless networks across the U.S., saying “the race to 5G is a race America must win.” But experts say the U.S. still lacks a clear 5G strategy that goes beyond attacking Huawei, a Chinese tech giant and the world’s biggest supplier of telecommunications equipment. “I think they’

The United States and China are racing to build out high-speed 5G networks, and President Donald Trump doesn’t want America to come in second place. Last week, Trump introduced initiatives to speed up the rollout of new wireless networks across the U.S., saying “the race to 5G is a race America must win.” But experts say the U.S. still lacks a clear 5G strategy that goes beyond attacking Huawei, a Chinese tech giant and the world’s biggest supplier of telecommunications equipment. “I think they’
The US is attacking Huawei and China — without its own 5G strategy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: elizabeth schulze, omar marques, sopa images, lightrocket, getty images, qilai shen, bloomberg
Keywords: news, cnbc, companies, networks, 5g, china, worlds, race, america, attacking, trump, strategy, theyve, huawei

The US is attacking Huawei and China — without its own 5G strategy

The United States and China are racing to build out high-speed 5G networks, and President Donald Trump doesn’t want America to come in second place.

Last week, Trump introduced initiatives to speed up the rollout of new wireless networks across the U.S., saying “the race to 5G is a race America must win.” But experts say the U.S. still lacks a clear 5G strategy that goes beyond attacking Huawei, a Chinese tech giant and the world’s biggest supplier of telecommunications equipment.

“I think they’ve been rather leaden-footed in the way they’ve responded,” Nigel Inkster, a former British intelligence official and senior advisor at the International Institute for Strategic Studies, told CNBC’s Beyond the Valley. “Firstly by lacking an explicit, government-articulated strategy in relation to 5G which is only now starting to emerge, but also in arguing or shaping the challenge from China and from Huawei solely as an espionage issue.”

Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: elizabeth schulze, omar marques, sopa images, lightrocket, getty images, qilai shen, bloomberg
Keywords: news, cnbc, companies, networks, 5g, china, worlds, race, america, attacking, trump, strategy, theyve, huawei

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The last time semis stocks did this they dropped 14%

Semis stocks are their most overbought in more than a year 3:15 PM ET Wed, 17 April 2019 | 03:09Semis are on fire. The SMH ETF’s relative strength index, a momentum measure, has stretched past 70, the level that typically indicates overbought conditions. “If you look back at February, as the semis were moving higher, the SMH hit 70. Not all semis stocks have performed well over the past year, though. The SMH ETF trades at 17 times forward earnings, but its constituents vary wildly.

Semis stocks are their most overbought in more than a year 3:15 PM ET Wed, 17 April 2019 | 03:09Semis are on fire. The SMH ETF’s relative strength index, a momentum measure, has stretched past 70, the level that typically indicates overbought conditions. “If you look back at February, as the semis were moving higher, the SMH hit 70. Not all semis stocks have performed well over the past year, though. The SMH ETF trades at 17 times forward earnings, but its constituents vary wildly.
The last time semis stocks did this they dropped 14% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: keris lahiff, michaela rehle, getty images, monty rakusen, cultura, sopa images, lightrocket, johannes eisele, afp, kcna
Keywords: news, cnbc, companies, semis, higher, 14, smh, overbought, trades, etf, 70, stocks, dropped, trading, times, past

The last time semis stocks did this they dropped 14%

Semis stocks are their most overbought in more than a year 3:15 PM ET Wed, 17 April 2019 | 03:09

Semis are on fire.

The SMH semiconductor ETF has surged nearly 5% in the past week, getting a boost from Qualcomm after it settled a years-long royalties dispute with Apple.

However, that spike has taken the chips to their most overbought levels since January 2018. The SMH ETF’s relative strength index, a momentum measure, has stretched past 70, the level that typically indicates overbought conditions. The last time its RSI was that high at the beginning of last year it marked a peak that preceded a 14% drop in less than three weeks.

JC O’Hara, chief market technician at MKM Partners, isn’t worried.

“I never want to use the word ‘overbought’ because it carries such a bad connotation. What is really overbought? Overbought is just a momentum surge,” O’Hara said on CNBC’s “Trading Nation” on Wednesday. “If you look back at February, as the semis were moving higher, the SMH hit 70. If you sold then, you would have missed an additional 12% on the upside.”

Since the ETF’s RSI peaked above 70 in late February, it has rallied to its highest level ever. The ETF notched fresh records on Tuesday and Wednesday.

“Taking a step back, overbought is actually a good thing, so we would look to be buyers of any sort of minor weakness here because we actually think the strong trends continue higher from here,” said O’Hara.

Not all semis stocks have performed well over the past year, though. While Advanced Micro Devices has rocketed 165% higher in 12 months, Nvidia has plummeted 21%. Those disparate performances are a red flag to Gina Sanchez, CEO of Chantico Global.

“The semis are a challenge right now to trade as a group,” Sanchez said on the CNBC segment. “The sector as a whole is still trading below its long-term valuation, so you could argue that that’s a buy. But I’m going to tell you there’s a lot of different stories trading in that whole group of stocks.”

The SMH ETF trades at 17 times forward earnings, but its constituents vary wildly. Micron Technology, for instance, trades at 8 times earnings, while Universal Display trades with an 67 times multiple.

Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: keris lahiff, michaela rehle, getty images, monty rakusen, cultura, sopa images, lightrocket, johannes eisele, afp, kcna
Keywords: news, cnbc, companies, semis, higher, 14, smh, overbought, trades, etf, 70, stocks, dropped, trading, times, past

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Qualcomm just added $26 billion to market cap—Cramer, experts weigh in

On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap. Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:”I think you stick with this stock. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. Pete Najarian of Investitute.com also no

On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap. Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:”I think you stick with this stock. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. Pete Najarian of Investitute.com also no
Qualcomm just added $26 billion to market cap—Cramer, experts weigh in Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: lizzy gurdus, sopa images, lightrocket, getty images, anthony kwan, bloomberg, source, michael nagle, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, times, buying, capcramer, apple, saw, know, huge, market, added, 26, billion, stock, model, weigh, way, experts, qualcomm

Qualcomm just added $26 billion to market cap—Cramer, experts weigh in

One of big tech’s biggest battles is now over, and it’s making Wall Street more bullish on the space.

On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap.

Here’s what four top market watchers had to say about the newfound prospects for Qualcomm and Apple:

Jim Cramer, host of CNBC’s “Mad Money,” was excited about what this deal means for Apple:

“The thing that I don’t understand is why isn’t Apple up more? Before, we had 5G that was completely uncertain. We had no way to build a model on 5G. Now you have 5G. So … I believe next Christmas — not this year, but next year — could be the biggest Apple Christmas in history. So, you want to sell the stock now, because you know that next year at this time you can buy it back at $270?”

Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:

“I think you stick with this stock. I do understand that it’s up something like 33% in two days, but fair value to me on this stock is $96 a share. With Apple revenues and earnings now back in the picture — they’ve been out for two years — you’re looking at earnings around $6 [per share], probably north of that. But use $6, put a 16 [times price-to-earnings] multiple on that, [and] you get to $96. If you want to know, why 16 times? Look: if this were just a chip manufacturer, you’d say 10 to 12 times. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. That deserves a much higher multiple. And, look, for people who know this stock over the last 20 years, this Apple issue isn’t the first time they’ve been challenged on this. You go back to Broadcom 15 years ago; same thing happened. You had Samsung, you had countries, whether it’s Korea, China [or] the U.S. right now. This model has been tested again and again and again and they always come out on top. That’s why I love this stock at $50, but $96, 25% higher? I see that by summer.”

Pete Najarian of Investitute.com also noted how well Qualcomm was holding up:

“Yesterday I had options and stock in here, and it all started when we had some huge buying. And we were talking about everything being short term. Well, you go back to February, March: all of a sudden, we saw some October buying [and] we saw some July buying in here. By the way, those July [options were] July $62.50 calls — how are they doing? 80 cents, and now the stock’s trading, what is it? $77, $78? So these are now trading, call it, somewhere close to some real money. So these are huge gains. You have to take stuff off into that. I took it off way too early. I was taking this off yesterday in the afternoon as I’m watching the stock scream to the upside because I thought, ‘At any moment, we’re going to see something that’s going to pull it back down.’ It hasn’t happened.”

Virtus Investment Partners’ Joe Terranova had his eyes on a sidelined winner:

Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: lizzy gurdus, sopa images, lightrocket, getty images, anthony kwan, bloomberg, source, michael nagle, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, times, buying, capcramer, apple, saw, know, huge, market, added, 26, billion, stock, model, weigh, way, experts, qualcomm

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Qualcomm just added $26 billion to market cap—Cramer, experts weigh in

On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap. Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:”I think you stick with this stock. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. Pete Najarian of Investitute.com also no

On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap. Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:”I think you stick with this stock. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. Pete Najarian of Investitute.com also no
Qualcomm just added $26 billion to market cap—Cramer, experts weigh in Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: lizzy gurdus, sopa images, lightrocket, getty images, anthony kwan, bloomberg, source, michael nagle, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, times, buying, capcramer, apple, saw, know, huge, market, added, 26, billion, stock, model, weigh, way, experts, qualcomm

Qualcomm just added $26 billion to market cap—Cramer, experts weigh in

One of big tech’s biggest battles is now over, and it’s making Wall Street more bullish on the space.

On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap.

Here’s what four top market watchers had to say about the newfound prospects for Qualcomm and Apple:

Jim Cramer, host of CNBC’s “Mad Money,” was excited about what this deal means for Apple:

“The thing that I don’t understand is why isn’t Apple up more? Before, we had 5G that was completely uncertain. We had no way to build a model on 5G. Now you have 5G. So … I believe next Christmas — not this year, but next year — could be the biggest Apple Christmas in history. So, you want to sell the stock now, because you know that next year at this time you can buy it back at $270?”

Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:

“I think you stick with this stock. I do understand that it’s up something like 33% in two days, but fair value to me on this stock is $96 a share. With Apple revenues and earnings now back in the picture — they’ve been out for two years — you’re looking at earnings around $6 [per share], probably north of that. But use $6, put a 16 [times price-to-earnings] multiple on that, [and] you get to $96. If you want to know, why 16 times? Look: if this were just a chip manufacturer, you’d say 10 to 12 times. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. That deserves a much higher multiple. And, look, for people who know this stock over the last 20 years, this Apple issue isn’t the first time they’ve been challenged on this. You go back to Broadcom 15 years ago; same thing happened. You had Samsung, you had countries, whether it’s Korea, China [or] the U.S. right now. This model has been tested again and again and again and they always come out on top. That’s why I love this stock at $50, but $96, 25% higher? I see that by summer.”

Pete Najarian of Investitute.com also noted how well Qualcomm was holding up:

“Yesterday I had options and stock in here, and it all started when we had some huge buying. And we were talking about everything being short term. Well, you go back to February, March: all of a sudden, we saw some October buying [and] we saw some July buying in here. By the way, those July [options were] July $62.50 calls — how are they doing? 80 cents, and now the stock’s trading, what is it? $77, $78? So these are now trading, call it, somewhere close to some real money. So these are huge gains. You have to take stuff off into that. I took it off way too early. I was taking this off yesterday in the afternoon as I’m watching the stock scream to the upside because I thought, ‘At any moment, we’re going to see something that’s going to pull it back down.’ It hasn’t happened.”

Virtus Investment Partners’ Joe Terranova had his eyes on a sidelined winner:

Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: lizzy gurdus, sopa images, lightrocket, getty images, anthony kwan, bloomberg, source, michael nagle, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, times, buying, capcramer, apple, saw, know, huge, market, added, 26, billion, stock, model, weigh, way, experts, qualcomm

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Chinese businesses in Malaysia watch cautiously as Mahathir, Beijing move ahead on railway

Malaysia’s relationship with China is under scrutiny in the Southeast Asian country ahead of Prime Minister Mahathir Mohamad’s expected April visit to Beijing. Mainland Chinese businesses in Malaysia, in particular, are hopeful that the 93-year-old leader will be able to smooth ties with Asia’s dominant economic power. There are already positive signs as the two countries renegotiated a previously stalled multibillion-dollar rail project that caused uncertainty in the bilateral relationship. Li’

Malaysia’s relationship with China is under scrutiny in the Southeast Asian country ahead of Prime Minister Mahathir Mohamad’s expected April visit to Beijing. Mainland Chinese businesses in Malaysia, in particular, are hopeful that the 93-year-old leader will be able to smooth ties with Asia’s dominant economic power. There are already positive signs as the two countries renegotiated a previously stalled multibillion-dollar rail project that caused uncertainty in the bilateral relationship. Li’
Chinese businesses in Malaysia watch cautiously as Mahathir, Beijing move ahead on railway Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: huileng tan, wang zhao, afp, getty images, sopa images
Keywords: news, cnbc, companies, cautiously, li, stalled, mahathir, ringgit, billion, malaysian, railway, watch, project, ahead, businesses, chinese, beijing, china, malaysia, uncertainty

Chinese businesses in Malaysia watch cautiously as Mahathir, Beijing move ahead on railway

Malaysia’s relationship with China is under scrutiny in the Southeast Asian country ahead of Prime Minister Mahathir Mohamad’s expected April visit to Beijing.

Mainland Chinese businesses in Malaysia, in particular, are hopeful that the 93-year-old leader will be able to smooth ties with Asia’s dominant economic power.

There are already positive signs as the two countries renegotiated a previously stalled multibillion-dollar rail project that caused uncertainty in the bilateral relationship.

Last Friday, the Malaysian Prime Minister’s Office released a statement announcing the resumption of the project at a reduced cost of 44 billion Malaysian ringgit ($10.7 billion) — two-thirds the original cost of 65.5 billion ringgit ($15.9 billion)

That could be a turning point for other deals with Chinese companies and entities, which have been awaiting a signal on the future of the bilateral relationship.

After all, the stalled train line had “more or less hurt the confidence of Chinese enterprises” operating in the Southeast Asian countries, said Keith Li, the president of the China Entrepreneurs Association in Malaysia.

In fact, there have been a “small number” of projects and developments put on hold as the Chinese companies involved take a wait-and-see approach, Li told CNBC in Kuala Lumpur last month. He declined to go into detail about those deals that had been affected.

Li’s association represents the interests of mainland Chinese businesses in Malaysia, of which there are an estimated 1,000. Li, who runs a travel agency, said he is a permanent resident of Malaysia and has lived in the country for over 20 years.

The planned rail project on Peninsular Malaysia was thrown into uncertainty after Mahathir’s party stunned international prognosticators with a win against the incumbent Najib Razak in a general election last May. Mahathir’s administration then decided that costly projects authorized by the previous administration would be cancelled or renegotiated, sparking concerns among mainland Chinese enterprises in Malaysia.

There is much at stake.

Malaysia’s finance minister, Lim Guan Eng, said in March that foreign direct investment planned by manufacturers from China rose from 3.9 billion Malaysian ringgit ($948 million) in 2017 to 19.7 billion ringgit ($4.8 billion) in 2018, an increase of over 400 percent, local media reported.

In 2018, China was one of the largest contributors to the manufacturing sector in Malaysia alongside Indonesia, the Netherlands, Japan and the U.S., government news agency Bernama reported, citing official figures.

Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: huileng tan, wang zhao, afp, getty images, sopa images
Keywords: news, cnbc, companies, cautiously, li, stalled, mahathir, ringgit, billion, malaysian, railway, watch, project, ahead, businesses, chinese, beijing, china, malaysia, uncertainty

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If you invested $1,000 in Netflix in 2007, here’s how much you’d have now

All eyes are on video-streaming giant Netflix, which faces new competition from Disney’s highly anticipated streaming platform, Disney+, as it reported itsfirst-quarter earnings Tuesday. Still, investing in early 2007, when Netflix first began streaming, would have proved to be a good bet. CNBC: Netflix stock as of April 16, 2019″While other services may carve out valuable add-on positions, we do not expect the launch of new services from Apple, Disney, AT&T, or others to meaningfully impact Net

All eyes are on video-streaming giant Netflix, which faces new competition from Disney’s highly anticipated streaming platform, Disney+, as it reported itsfirst-quarter earnings Tuesday. Still, investing in early 2007, when Netflix first began streaming, would have proved to be a good bet. CNBC: Netflix stock as of April 16, 2019″While other services may carve out valuable add-on positions, we do not expect the launch of new services from Apple, Disney, AT&T, or others to meaningfully impact Net
If you invested $1,000 in Netflix in 2007, here’s how much you’d have now Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: shawn m carter, sopa images, getty images, andrew harrer, bloomberg, -bryan kraft
Keywords: news, cnbc, companies, services, significant, 1000, netflix, invested, stock, reported, youd, shares, platform, share, heres, streaming, early, 2007

If you invested $1,000 in Netflix in 2007, here's how much you'd have now

All eyes are on video-streaming giant Netflix, which faces new competition from Disney’s highly anticipated streaming platform, Disney+, as it reported itsfirst-quarter earnings Tuesday.

Its stock fell more than 1% in after-hours trading, after closing with a share price around $360.

Still, investing in early 2007, when Netflix first began streaming, would have proved to be a good bet. A $1,000 investment made on Jan. 15, 2007, would be worth more than $110,000 as of midday April 16, 2019, according to CNBC calculations, for a total return of about 10,000%. Over the same period, the S&P 500 was up just over 100%.

While the company’s stock took a slight dip after hours Tuesday, following its earnings release, it reported quarterly revenue that beat estimates and shares are up more than 34 percent as of Tuesday’s close.

Many investors relayed optimistic messages early this week. In a note, analysts at banking firm KeyBanc seemed skeptical that new streaming competition could pose a significant threat.

CNBC: Netflix stock as of April 16, 2019

“While other services may carve out valuable add-on positions, we do not expect the launch of new services from Apple, Disney, AT&T, or others to meaningfully impact Netflix,” they said. “We continue to view Netflix’s strategic positioning very favorably.”

Investment banking company Deutsche Bank raised its rating on Netflix shares from “hold” to “buy” early Tuesday, saying the service is becoming more like a “platform” every day.

“Platform status brings network effects not available to peers and competitors,” analyst Bryan Kraft wrote in a note. “Specifically, this is making Netflix even more of a go-to destination when consumers want to watch something, and it means having Netflix is becoming more of a cultural necessity for people around the world. It also makes Netflix a magnet for talent.”

That means “consumers stay captive within the Netflix walled garden for significant amounts of time,” Kraft added. “Aside from pay TV, which is losing audience share, there are no other competing platforms that approach Netflix’s reach.”

Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: shawn m carter, sopa images, getty images, andrew harrer, bloomberg, -bryan kraft
Keywords: news, cnbc, companies, services, significant, 1000, netflix, invested, stock, reported, youd, shares, platform, share, heres, streaming, early, 2007

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Ukraine presidential favorite Zelensky skips live TV debate – but it doesn’t matter, experts say

The favorite to win Ukraine’s presidential election this weekend caused a stir on Sunday by skipping a live televised debate with incumbent Petro Poroshenko – but even that isn’t expect to damage his chances of winning the upcoming final round of voting. Zelensky had not said that he was going to attend the debate, instead agreeing to attend a televised debate on Friday, April 21. Experts say Zelenksy’s “no-show” has not affected the likelihood that he will become president at a final run-off vo

The favorite to win Ukraine’s presidential election this weekend caused a stir on Sunday by skipping a live televised debate with incumbent Petro Poroshenko – but even that isn’t expect to damage his chances of winning the upcoming final round of voting. Zelensky had not said that he was going to attend the debate, instead agreeing to attend a televised debate on Friday, April 21. Experts say Zelenksy’s “no-show” has not affected the likelihood that he will become president at a final run-off vo
Ukraine presidential favorite Zelensky skips live TV debate – but it doesn’t matter, experts say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: holly ellyatt, brendan hoffman, getty images news, getty images, sopa images, lightrocket
Keywords: news, cnbc, companies, runoff, zelensky, tv, matter, live, presidential, favorite, televised, told, say, ukraine, debate, skips, experts, winning, election, win, poroshenko

Ukraine presidential favorite Zelensky skips live TV debate – but it doesn't matter, experts say

The favorite to win Ukraine’s presidential election this weekend caused a stir on Sunday by skipping a live televised debate with incumbent Petro Poroshenko – but even that isn’t expect to damage his chances of winning the upcoming final round of voting.

Volodymyr Zelensky, a comedian and actor and the favorite to win a run-off round in the election this coming Sunday, had agreed to face the more seasoned politician and incumbent President Petro Poroshenko in a televised debate from Kiev’s Olympic Stadium but the pair had disagreed on a date.

That left Poroshenko to speak on his own for 45 minutes while standing next to an empty lectern for his political opponent. Zelensky had not said that he was going to attend the debate, instead agreeing to attend a televised debate on Friday, April 21.

It’s not the first bizarre episode in an election race that has enlivened Ukrainians who appear to have tired of the country’s old political guard.

Zelensky accepted Poroshenko’s invitation to hold debates with three conditions, one of them being that both candidates take live drug and alcohol tests to, as Zelenksy put it, “show the Ukrainian people that neither is an alcoholic or drug addict.”

Experts say Zelenksy’s “no-show” has not affected the likelihood that he will become president at a final run-off vote next on April 21.

“I still cannot see Poroshenko winning – he (Zelensky) is just too far ahead,” Timothy Ash, senior emerging markets strategist at Bluebay Asset Management, told CNBC on Monday. “Poroshenko’s negative ratings are just too high. He lost this election months ago,” Ash added.

Unsurprisingly, Poroshenko used his uninterrupted platform on Sunday to criticize an absent Zelensky and his apparent lack of concrete manifesto.

“If he hides from people again, if he is afraid, we will invite him again. We will invite him every day to every live show for the whole country to see who it is going to elect for the next five years,” Poroshenko told the audience Sunday, according to news reports.

Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: holly ellyatt, brendan hoffman, getty images news, getty images, sopa images, lightrocket
Keywords: news, cnbc, companies, runoff, zelensky, tv, matter, live, presidential, favorite, televised, told, say, ukraine, debate, skips, experts, winning, election, win, poroshenko

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