DELAFIELD, Wis. (Stockpickr) -- The market continues to struggle today, and that weakness is most notable with technology stocks, or stocks that trade on the Nasdaq exchange.
>>5 Stocks Ready to Pop on Bullish Earnings
The Nasdaq Composite is trending lower right now by around 25 points, or by 0.5%, to just under 4,060. Traders continue to puke up technology stocks despite the recent strong earnings reports from iPhone maker Apple (AAPL) and social media giant Facebook (FB).
If you take a look at the chart for the PowerShares QQQ Trust (QQQ), an ETF that tracks the Nasdaq 100 Index, you'll see that it has been downtrending over the last two months, with shares moving lower from its high of $91.15 to its recent low of $83.28 a share. The QQQ recently bounced sharply off that $83.28 low right up to its 50-day moving average, but this technology ETF has started to fail at it 50-day and once again is heading lower. A test of the 200-day moving average on the QQQ at just below $83 seems likely now.
Top 10 Gold Stocks To Invest In 2015: Gannett Co. Inc. (GCI)
Gannett Co., Inc. operates as a media and marketing solutions company in the United States and internationally. Its Publishing segment publishes 83 U.S. daily newspapers with affiliated online sites, including USA TODAY, a national, general-interest daily newspaper; USATODAY.com; USA WEEKEND, a magazine supplement for newspapers; Clipper Magazine, a direct mail advertising magazine; bi-weekly Nursing Spectrum and NurseWeek periodicals; and military and defense newspapers. This segment also includes 17 paid-for daily newspapers; approximately 200 weekly newspapers, magazines, and trade publications; and approximately 600 non-daily publications, as well as involves in commercial printing, newswire, marketing, and data services operations. The company?s Digital segment owns and operates CareerBuilder, an employment Web site, which offers online recruitment and career advancement services for employers, employees, recruiters, and job seekers; ShopLocal, which provides multicha nnel shopping and advertising services; Planet Discover, which offers hosted search and advertising services; PointRoll, which provides digital marketing services and technology; and Schedule Star, which offers scheduling solution for high school athletic departments. Its Broadcasting segment operates 23 television stations and affiliated Web sites, which produce local programming, such as news, sports, and entertainment programming. This segment also includes Captivate Network, a national news and entertainment network that delivers programming and full-motion video advertising on video screens located in elevators of office towers and select hotel lobbies in North America. The company has strategic business relationships with online affiliates, including Classified Ventures, ShopLocal.com, Topix, and Metromix LLC, as well as strategic marketing agreement with Microsoft. Gannett Co., Inc. was founded in 1906 and is headquartered in McLean, Virginia.
Advisors' Opinion:- [By Jon Friedman]
On June 13, Gannett (NYSE: GCI ) sent Wall Street a clear message: We are much more than the nation's leading newspaper chain.
That was the day that Gannett announced plans to acquire television company Belo Corp. for $1.5 billion, transforming Gannett's image overnight�from an old-fashioned newspaper chain (bad, bad image) to a more promising television operation (very good one).
- [By Rich Duprey]
Not only did Gannett� (NYSE: GCI ) shareholders re-elect its board, ratify its public accountants, and approve a say-on-pay measure at the�media conglomerate's annual meeting yesterday, but the board of directors also declared the company's second-quarter dividend of $0.20 per share, the same rate it's paid for the past five quarters.
5 Best Media Stocks To Buy Right Now: Charter Communications Inc.(CHTR)
Charter Communications, Inc., through its subsidiaries, provides entertainment, information, and communications solutions to residential and commercial customers in the United States. The company offers cable video programming services, such as basic and digital video, premium channels, OnDemand, pay-per-view, high definition television, digital video recorder, and online video services; Internet services; Charter.net, which provides multiple e-mail addresses, as well as various entertainment, games, news, and sports content; and telephone services. It also provides broadband communications solutions, such as Internet access, data networking, fiber connectivity to cellular towers and office buildings, video entertainment services, and business telephone services under the Charter Business brand name to business and carrier organizations. As of December 31, 2011, the company served approximately 4.1 million video customers; approximately 3.5 million Internet customers; appr oximately 1.7 million telephone customers; and approximately 476,200 commercial primary service units. Charter Communications, Inc. was founded in 1999 and is based in St. Louis, Missouri.
Advisors' Opinion:- [By Harold L. Vogel]
For cable networks and distributors, first admire the long-term pricing power for cable services (shown in the chart below). Price increases have far exceeded the rate of gain of the Consumer Price Index (CPI) for decades and thereby supported the stock prices and earnings growth of the entire industry (even though some companies such as Charter (CHTR) stumbled into bankruptcy even with this pricing wind at their backs).
- [By Jon C. Ogg]
If Liberty is able to swallow Sirius, it gives Liberty access to the satellite radio leader’s full free cash flow of about $625 million. That will almost certainly be used in Liberty’s pursuit of Time Warner Cable Inc. (NYSE: TWC). Liberty holds about a�27% stake in Charter Communications Inc. (NASDAQ: CHTR) and has been trying to put together the financing to buy out the much larger Time Warner.
5 Best Media Stocks To Buy Right Now: CBS Corporation(CBS)
CBS Corporation, together with its subsidiaries, operates as a mass media company in the United States and internationally. The company?s Entertainment segment distributes a schedule of news and public affairs broadcasts, sports, and entertainment programming; produces, acquires, and distributes programming, including series, specials, news, and public affairs; produces and distributes theatrical motion pictures across various genres; and operates online content networks for information and entertainment. Its Cable Networks segment owns and operates multiplexed channels that offers subscription program services, including recently released theatrical feature films, original series, documentaries, boxing, mixed martial arts and other sports-related programming, and special events; and CBS College Sports Network, a 24-hour cable program service related to college sports. This segment also owns and manages Smithsonian Networks, which operates Smithsonian Channel, a basic cab le service in the United States. The company?s Publishing segment publishes and distributes adult and children?s consumer books in printed, audio, and digital formats. Its Local Broadcasting segment owns 29 broadcast television stations; owns and operates 130 radio stations in 28 U.S. markets and related online properties; and owns local Websites that combine television and radio local media brands online to provide the latest news, traffic, weather, and sports information, as well as local discounts, directories, and reviews. The company?s Outdoor segment sells advertising space on various media, including billboards, transit shelters and other street furniture, buses, rail systems, mall kiosks, stadium signage, and in retail stores. CBS Corporation was founded in 1986 and is headquartered in New York, New York.
Advisors' Opinion:- [By Jonathan Berr]
DirecTV added 139,000 new subscribers in the quarter — the most since 2011, thanks to refugees from Time Warner Cable (TWC) and CBS (CBS) fee dispute. Time Warner, the second-largest cable company, was the clear loser in the two-week blackout. It lost 304,000 video customers in the quarter, almost double what analysts expected.
5 Best Media Stocks To Buy Right Now: DISH Network Corporation(DISH)
DISH Network Corporation, through its subsidiaries, provides direct broadcast satellite (DBS) subscription television services in the United States. It offers programming that includes approximately 280 basic video channels, 60 Sirius satellite radio music channels, 30 premium movie channels, 35 regional and specialty sports channels, 2,800 local channels, 250 Latino and international channels, and 55 channels of pay-per-view content. The company also offers local HD channels in approximately 160 markets and 215 national HD channels; and receiver systems, including a small satellite dish, digital set-top receivers, and remote controls. In addition, it provides DISHOnline.com, which enables DISH Network subscribers to watch 150,000 movies, television shows, clips, and trailers; DISH Remote Access that enables subscribers to remotely manage their DVRs using compatible mobile devices, such as smartphones, tablets, and laptops through their broadband-connected receiver; and Go ogle TV that enables DISH Network subscribers to search the Internet, check email, interact with social media, and find additional online programming content while simultaneously watching television. As of March 31, 2011, the company had approximately 14.191 million customers. DISH Network provides receiver systems and programming through direct sales channels; and independent third parties, such as small satellite retailers, direct marketing groups, local and regional consumer electronics stores, nationwide retailers, and telecommunications companies. The company was founded in 1980 and is headquartered in Englewood, Colorado.
Advisors' Opinion:- [By Anders Bylund]
Japanese mobile operator Softbank wants to buy Sprint. So does all-American satellite broadcaster DISH Network (NASDAQ: DISH ) . This is a bidding war, sure, but also a war of words. DISH says the Japanese option is a threat to national security; Softbank asked its banking partners not to support DISH's bid. So Softbank struck an accord with American regulatory bodies that bypassed the alleged security threats, and DISH tapped a handful of other banks to finance its own bid.
- [By Rich Smith]
Andrew Harrer/Bloomberg via Getty Images They say that imitation is the sincerest form of flattery. So, Comcast (CMCSA), consider yourself flattered, because Time Warner Cable (TWC) is copying off your homework. A couple of weeks ago, we told you about Comcast's "Great New Secret Cable Plan" to try to halt the exodus of subscribers from its services. The Comcast plan allows subscribers to sign up for: A menu of 45 or so of the most-watched, most useful cable channels The premium pay-TV channel HBO -- plus included HBO GO service for mobile devices High-speed Internet access at speeds up to 25 Mbps A subscription to XFINITY Streampix, Comcast's service for streaming video of complete seasons of popular television shows from recent years past... ... all for the low, low price of just $40 or $50 a month (depending on location). The plan was "secret" because Comcast didn't make much of an effort -- or really effort -- to publicize it. There's hardly even a mention of the plan on the company's website. In other words, it seems like Comcast would prefer to keep the new plan hush-hush so you continue paying for one of their more expensive bundles. However, word of Comcast's under-the-radar new plan get out -- nearly 5,500 DailyFinance readers printed, emailed, commented on, Tweeted, or Facebooked our story on Comcast's "Internet Plus" bundle last month. So Comcast competitor Time Warner did what any good competitor does: It copied the model and, this week, began offering a similar plan of its own: Dubbed "Starter TV with HBO," Time Warner's plan is an even more slimmed-down version of Comcast's idea. It features: "20+" cable channels, including the five biggies -- ABC, CBS, NBC, Fox, and PBS HBO and HBO GO and... well, actually, that's about it. At $30 a month, Time Warner handily undercuts Comcast's Internet Plus offer on price. And yet, it's hard not to wonder if customers aren't still overpaying. For one thing, Time Warner's Starter TV with HBO offer
- [By Rich Duprey]
Full-spectrum opportunity
Yet telecom presented an interesting avenue of attack, too, as Verizon (NYSE: VZ ) had the second "less bad" performance of Dow components, pulling back by less than half of a percent. That was no doubt largely in response to a two-fold development: its willingness to pay $1.5 billion for Clearwire's (NASDAQ: CLWR ) spectrum and DISH Network's (NASDAQ: DISH ) offer to buy Sprint Nextel (NYSE: S ) for $25.5 billion. - [By Dan Radovsky]
Are we watching two companies engaging in the usual mergers and acquisition maneuvering between rivals? Or are the daily moves and countermoves of SoftBank and DISH Network (NASDAQ: DISH ) , as they eye a pot containing Sprint Nextel (NYSE: S ) and Clearwire (NASDAQ: CLWR ) , more reminiscent of high-stakes five-card stud?
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