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Tech leads market reboundStreaming Wars and the Future of Entertainment – Top Stocks to WatchThis summary was created by AI, based on 2 opinions in the last 12 months.
Twenty-First Century Fox Inc, with symbol FOX-Q, reported better-than-expected revenue and adjusted EPS driven by live sports. However, the stock suffered downgrades and is heavily dependent on the dying cable TV industry. They have a strong balance sheet and have been buying back shares, but their shares have lagged behind competitors. Overall, the stock is considered cheap but lacks growth.
They've bought back 16% of shares so far this year. Surprising. Other streamers have broken the bank to produce content, but not Fox which has one of the best balance sheets in this sector. It helps that they sold the bulk of the business to Disney (and many feel DIS paid too much). Are currently weighed down by a defamation lawsuit, but management is using this share weakness to buyback shares. Has this strategy worked? Well, shares are 4.7% this year, but it still lags Warner Bros and Comcast. It lacks growth, but shares are cheap. Not his favourite in this space.
The Stars Group The regulation of internet sports betting in the U.S. has been a pushback and he doesn't know how it'll resolve itself. TSGI just partnered with Fox Sports and Fox has other interesting assets, so this is a better way of playing online gambling.
(Top Pick Oct 10/13, Up 4.12%) These companies can return capital. There are a number of companies that look good in this space.
Media has been a very good theme this year. Fox is a global company. Very shareholder friendly, doing buybacks of 5%, returning capital to shareholders. 20% earnings growth and multiple expansion will lead to 25% growth in the valuation.
Twenty-First Century Fox Inc is a American stock, trading under the symbol FOX-Q on the NASDAQ (FOX). It is usually referred to as NASDAQ:FOX or FOX-Q
In the last year, 1 stock analyst published opinions about FOX-Q. 0 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Twenty-First Century Fox Inc.
Twenty-First Century Fox Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Twenty-First Century Fox Inc.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
In the last year, there was no coverage of Twenty-First Century Fox Inc published on Stockchase.
On 2024-10-11, Twenty-First Century Fox Inc (FOX-Q) stock closed at a price of $38.
They reported last week: Revenue and adjusted EPS beat, driven by strength in live sports. Their Tubi streamers (ad-supported) is doing nicely with rising users and revenues. But shares rose only briefly then suffered downgrades and sunk further. Not a bad stock, but they are very exposed to cable TV, a dying industry.