/* Article Data (Server Side) article (o): [object Object] Content (s): Article Not Found. relatedData (o:Array(16)): 0 (o): [object Object] WSODIssue (s): |45294|286571 DMSourceID (s): KAPITALL Source (s): Kapitall Headline (s): A Tale of Main Street vs. Wall Street: Wal-Mart and Amazon Link (s): http://folionation.squarespace.com/news/2015/7/29/a-tale-of-main-street-vs-wall-street-wal-mart-and-amazon.html Thumbnail (s): DocumentDate_raw (n): 1438185060000 DocumentDate (s): July 29, 2015 DocumentDate_smart (s): 11:51 AM DocumentKey (s): 1107-290734296785735428677-5ANVPOOPHUJMQ8JL6S5G86L3TL ContentType (s): Article TrackingPixel (s): Teaser (s):

E-commerce's meteoric growth is sending Amazon's shares on a tear while Wal-Mart shares are on the decline.​

Excitement over the growth in Amazon.com’s (AMZN) Amazon Web Services, or AWS, was so strong that the stock rallied to $580.57 intraday on July 24. The stock’s price-multiples are beyond stratospheric, and bullishness for the company is very strong.

Amazon reported a 20 percent increase in sales in its second-quarter earnings. Free cash flow was up around fourfold, at $4.37 billion; in the prior year, it was $1.04 billion. Net income was $92 million, or $0.19 per share. Presently, Amazon’s stock boasts a forward P/E of 183.29.

Amazon’s stock performance compared to that of a traditional retailer like Wal-Mart (WMT) speaks volumes: online sales will keep getting bigger and will take market share from brick-and-mortar businesses.

After reaching a high of $90.97 in January, Wal-Mart shares have fallen steadily and are down 15.8 percent since the beginning of the year. The stock is trading around $72. Meanwhile, Amazon is up 69.9 percent over the same period.

Amazon’s valuations appear stretched, but the demand for AWS will only grow. That, along with the popularity of online retail shopping, are the two reasons the stock is richly valued.

A contrarian investor may prefer Walmart. With a forward P/E under 15, Wal-Mart is also expanding its online retailing segment. It recently opened a fulfillment centre in Bethlehem, Pennsylvania. This puts Wal-Mart in direct competition with Amazon and will require significant investment for the firm. Given the low valuation, it is not expensive for investors to consider Wal-Mart.

If Wal-Mart’s online channel is successful, then that could put an end to the downtrend in its share price. 

Written by Chris Lau

 

Click on the interactive chart to view data over time. 

1. Amazon.com Inc. (AMZN, Earnings, Analysts, Financials): Operates as an online retailer in North America and internationally. Market cap at $246.54B, most recent closing price at $526.03.

 

 

2. Wal-Mart Stores Inc. (WMT, Earnings, Analysts, Financials): Operates retail stores in various formats worldwide. Market cap at $233.52B, most recent closing price at $72.10.

 

 

 

(Monthly return data sourced from Zacks Investment Research. All other data sourced from FINVIZ.)

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1 (o): [object Object] Headline (s): Private Equity Giants Hit Second-Quarter Wall as Stocks Hiccup Teaser (s): The three biggest private equity firms posted lower second-quarter profit after U.S. stocks slipped for the first time since 2012. Source (s): Bloomberg DocumentDate (s): 35 minutes ago DocumentDate_raw (n): 1438183350000 Link (s): http://www.bloomberg.com/news/articles/2015-07-29/private-equity-giants-hit-second-quarter-wall-as-stocks-hiccup DocumentKey (s): HTTPwww.bloomberg.com/news/articles/2015-07-29/private-equity-giants-hit-second-quarter-wall-as-stocks-hiccup DMSourceID (s): Google ContentType (s): Article 2 (o): [object Object] Headline (s): TREASURIES-Prices lower ahead of Fed rate statement Teaser (s): NEW YORK, July 29 U.S. Treasury prices fell on Wednesday in thin summer trade before a U.S. Federal Reserve statement that is not expected to produce any surprise interest rate adjustment but will be parsed for clues on economic strength and future ... Source (s): Reuters DocumentDate (s): 47 minutes ago DocumentDate_raw (n): 1438182675000 Link (s): http://www.reuters.com/article/2015/07/29/markets-usa-bonds-idUSL1N1091LK20150729 DocumentKey (s): HTTPwww.reuters.com/article/2015/07/29/markets-usa-bonds-idUSL1N1091LK20150729 DMSourceID (s): Google ContentType (s): Article 3 (o): [object Object] Headline (s): 5 statements from Twitter execs that sent the stock into a spiral Teaser (s): What could have been a triumph for microblogging site Twitter Inc. on Tuesday quickly became a debacle, and the company may have itself to blame. Source (s): MarketWatch DocumentDate (s): 47 minutes ago DocumentDate_raw (n): 1438182675000 Link (s): http://www.marketwatch.com/story/5-statements-from-twitter-execs-that-sent-the-stock-into-a-spiral-2015-07-29 DocumentKey (s): HTTPwww.marketwatch.com/story/5-statements-from-twitter-execs-that-sent-the-stock-into-a-spiral-2015-07-29 DMSourceID (s): Google ContentType (s): Article 4 (o): [object Object] Headline (s): IMF chief downplays Greek political conflict, Chinese stock selloff Teaser (s): The head of the International Monetary fund on Wednesday downplayed Greek domestic political resistance to the country's bailout package, saying the debt-racked country's actions to implement reforms are more critical. Source (s): USA TODAY DocumentDate (s): 1 hour ago DocumentDate_raw (n): 1438180650000 Link (s): http://www.usatoday.com/story/money/2015/07/29/imf-chief-news-conference-wednesday/30806877/ DocumentKey (s): HTTPwww.usatoday.com/story/money/2015/07/29/imf-chief-news-conference-wednesday/30806877/ DMSourceID (s): Google ContentType (s): Article 5 (o): [object Object] Headline (s): Greece PM threatens Syriza rebels with snap elections Teaser (s): Greece's Prime Minister Alexis Tsipras has told rebels in his Syriza party he will have to call early elections if they continue to oppose a bailout deal. Source (s): BBC News DocumentDate (s): 1 hour ago DocumentDate_raw (n): 1438179975000 Link (s): http://www.bbc.co.uk/news/world-europe-33707439 DocumentKey (s): HTTPwww.bbc.co.uk/news/world-europe-33707439 DMSourceID (s): Google ContentType (s): Article 6 (o): [object Object] Headline (s): US pending home sales take a breather in June Teaser (s): WASHINGTON Contracts to buy previously owned U.S. homes unexpectedly fell in June after five straight months of increase, suggesting some cooling in sales activity after recent hefty gains. Source (s): Reuters DocumentDate (s): 1 hour ago DocumentDate_raw (n): 1438178625000 Link (s): http://www.reuters.com/article/2015/07/29/us-usa-economy-housing-idUSKCN0Q31U020150729 DocumentKey (s): HTTPwww.reuters.com/article/2015/07/29/us-usa-economy-housing-idUSKCN0Q31U020150729 DMSourceID (s): Google ContentType (s): Article 7 (o): [object Object] Headline (s): China reaction to stock market fall will affect reform -US' Lew Teaser (s): WASHINGTON, July 29 U.S. Treasury Secretary Jack Lew said on Wednesday that the Chinese government's reaction to its falling stock market will signal how dedicated the country is to its reform agenda. Source (s): Reuters DocumentDate (s): 2 hours ago DocumentDate_raw (n): 1438177275000 Link (s): http://in.reuters.com/article/2015/07/29/china-usa-jacklew-idINL1N10919420150729 DocumentKey (s): HTTPin.reuters.com/article/2015/07/29/china-usa-jacklew-idINL1N10919420150729 DMSourceID (s): Google ContentType (s): Article 8 (o): [object Object] Headline (s): Donald Trump Net Worth: Presidential-Hopeful Sells New York Property for $21M Teaser (s): OSKALOOSA, IA - JULY 25: Republican presidential hopeful businessman Donald Trump speaks to the press following a rally on July 25, 2015 in Oskaloosa, Iowa. Source (s): Latin Post DocumentDate (s): 3 hours ago DocumentDate_raw (n): 1438172550000 Link (s): http://www.latinpost.com/articles/68787/20150729/donald-trump-net-worth-presidential-hopeful-sells-new-york-property.htm DocumentKey (s): HTTPwww.latinpost.com/articles/68787/20150729/donald-trump-net-worth-presidential-hopeful-sells-new-york-property.htm DMSourceID (s): Google ContentType (s): Article 9 (o): [object Object] Headline (s): MasterCard Reports Weaker-Than-Expected Revenue Growth Teaser (s): MasterCard Inc. MA -0.59 % on Wednesday reported in-line adjusted profit for the second quarter, though revenue growth was slightly weaker than Wall Street had expected amid foreign-exchange headwinds. Source (s): Wall Street Journal DocumentDate (s): 3 hours ago DocumentDate_raw (n): 1438172346000 Link (s): http://www.wsj.com/articles/mastercard-reports-weaker-than-expected-revenue-growth-1438172331 DocumentKey (s): HTTPwww.wsj.com/articles/mastercard-reports-weaker-than-expected-revenue-growth-1438172331 DMSourceID (s): Google ContentType (s): Article 10 (o): [object Object] Headline (s): Wall St higher ahead of Fed meeting Teaser (s): Wall Street was higher on Wednesday as investors assessed earning ahead of a statement from the U.S. Federal Reserve that could give clues regarding the timing of a rate hike. Source (s): Reuters DocumentDate (s): 4 hours ago DocumentDate_raw (n): 1438169765000 Link (s): http://www.reuters.com/article/2015/07/29/us-markets-stocks-idUSKCN0Q31EV20150729 DocumentKey (s): HTTPwww.reuters.com/article/2015/07/29/us-markets-stocks-idUSKCN0Q31EV20150729 DMSourceID (s): Google ContentType (s): Article 11 (o): [object Object] WSODIssue (s): |45563793|72887506|34453364 DMSourceID (s): KAPITALL Source (s): Kapitall Headline (s): From Google to LinkedIn, everyone is looking at ad revenue Link (s): http://folionation.squarespace.com/news/2015/7/28/from-google-to-linkedin-everyone-is-looking-at-ad-revenue.html Thumbnail (s): DocumentDate_raw (n): 1438110360000 DocumentDate (s): July 28, 2015 DocumentDate_smart (s): 20 hours ago DocumentKey (s): 1107-290734296785735427840-358D1UN64BGPM37R1CE2NJQ36N ContentType (s): Article TrackingPixel (s): Teaser (s):

Ad revenue is Google's bread and butter, and it's becoming more important to Facebook and LinkedIn too.

Google (GOOG) impressed the market when it reported its second-quarter results on July 16. Revenue was up 11 percent year over year, but that is not the reason investors were happy. The firm is focusing on its core strengths, and this has the market excited.

In the second quarter, Google earned $6.99 per share on revenue of $17.72 billion. The higher revenue was encouraging, but it does not justify the stock’s P/E of 29. Fortunately, Google is reigning in costs. In the past, the firm spent heavily on robotics, self-driving cars, social media and Google Glass. None of the initiatives are accretive to earnings.

Ad sales still make up the majority of Google’s revenue. With $12.4 billion in ad revenue from Google sites and $3.6 billion from other sites, the company is still a digital advertising giant. Facebook’s (FB) ad sales may eventually overtake Google’s, but that may take some time.

 A few years ago, Facebook did not have any ads on mobile. In the last year, user engagement stood at one in seven minutes on mobile. Instagram also helped the social media company win a large share of mobile users’ time. By February, Facebook had two million active advertisers.

In the first quarter of 2015, Facebook’s advertising revenue grew by 46 percent, with 73 percent coming from the mobile channel. Total ad revenue was $3.3 billion. For the second quarter, Facebook expects revenue to weaken primarily due to the strong dollar.

Google’s focus back on its core businesses should help boost online ad sales. Investors already expect Facebook’s dominance in social media to continue. Expectations are high on the jobs board market front, too. 

LinkedIn (LNKD) is up as much as Facebook in the last three years:

In the first quarter of 2015, LinkedIn generated $638 million in revenue. Much of that came from subscriptions to the career networking website. Ad revenue accounted for $119 million during the quarter, up 38 percent year over year.

When LinkedIn reports on July 30, the stock could rocket higher. The company warned last quarter that new product releases and a transition in the company’s sales force may negatively hurt the company’s short-term outlook. 

Written by Chris Lau

 

Click on the interactive chart to view data over time. 

1. Facebook Inc. (FB, Earnings, Analysts, Financials): Operates as a social networking company worldwide. Market cap at $265.94B, most recent closing price at $94.17.

 

 

 

2. Google Inc. (GOOG, Earnings, Analysts, Financials): Builds tech products and provides services to organize information. Market cap at $428.79B, most recent closing price at $627.26.

 

 

3. LinkedIn Corporation (LNKD, Earnings, Analysts, Financials): Operates an online professional network. Market cap at $28.46B, most recent closing price at $220.66.

 

 

 

(Monthly return data sourced from Zacks Investment Research. All other data sourced from FINVIZ.)

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© Kapitall, Inc. All rights reserved. Kapitall Wire is a division of Kapitall, Inc. Kapitall Generation, LLC is a wholly owned subsidiary of Kapitall, Inc.

Kapitall Wire offers free cutting edge investing ideas, intended for educational information purposes only. It should not be construed as an offer to buy or sell securities, or any other product or service provided by Kapitall Inc., and its affiliate companies.

Open a free account today get access to virtual cash portfolios, cutting-edge tools, stock market insights, and a live brokerage platform through our affiliated company, Kapitall Generation, LLC. 

Securities products and services are offered by Kapitall Generation, LLC - a FINRA/SIPC member.

12 (o): [object Object] WSODIssue (s): |86785487|6616168|9622118|73328048 DMSourceID (s): KAPITALL Source (s): Kapitall Headline (s): US infrastructure is aging and in dire need of a refresh Link (s): http://folionation.squarespace.com/news/2015/7/27/us-infrastructure-is-aging-and-in-dire-need-of-a-refresh.html Thumbnail (s): DocumentDate_raw (n): 1438028640000 DocumentDate (s): July 27, 2015 DocumentDate_smart (s): Jul 27, 2015 DocumentKey (s): 1107-290734296785735426843-0PVE5NC2CPSCD1QQK379IT7TT4 ContentType (s): Article TrackingPixel (s): Teaser (s):

Our country relies on it, but very few much-needed improvements to US infrastructure are taking place.

New York Governor Andrew Cuomo and Vice President Joe Biden made a joint appearance Monday afternoon to announce major infrastructure upgrades to LaGuardia Airport. Adding to Biden's "third-world country" description of LaGuardia, Cuomo said the airport was "un-New York" and revealed that construction on a new LaGuardia airport will begin next year. The project is expected to cost the Port Authority of NY & NJ $4 billion.

LaGuardia is but one example of US infrastructure that badly needs an update. There are the Hudson River rail tunnels—which service Amtrak and NJ Transit trains between New York and New Jersey—the Albion River Bridge in coastal California and the nation's wastewater and drinking water systems, to name a few.

According to the American Society of Civil Engineers' 2013 report card, which assesses and grades all segments of US infrastructure, things are in poor shape. The overall grade was a D+, and an estimated $3.6 trillion would need to be invested in infrastructure by 2020 to improve the situation.

Per Governing.com, the five largest infrastructure projects currently underway in the US are the Dulles International Airport Corridor Metrorail Project, Otay Mesa East port facility construction, modernization of O'Hare International Airport, expansion of the Crescent Corridor freight rail network and replacing the Alaskan Way Viaduct. Combined the projects will cost $21.4 billion. 

While there are trillions that need to be invested in US infrastructure, the fact remains that they haven't been yet. Perhaps this is why infrastructure ETFs with exposure to potential US projects haven't been performing well. In fact, all of the following funds have underperformed the market on a monthly quarterly and year-to-date basis. 

Could the LaGuardia airport project help some of these ETFs turn things around?

Click on the interactive chart to view data over time. 

1. Deutsche X-trackers S&P Hedged Global Infrastructure ETF (DBIF, Earnings, Analysts, Financials): Seeks to track the performance of equity securities of infrastructure issuers in developed markets. Net assets under management: $3.53M, most recent closing price: $23.77.

The fund has underperformed the market by -3.22% over the last month, -5.54% over the last quarter and -4.66% since the beginning of the year.

 

2. SPDR S&P Global Infrastructure ETF (GII, Earnings, Analysts, Financials): Seeks to reflect the stock performance of companies within the infrastructure industry, principally those engaged in management, ownership and operation of infrastructure and utility assets. Net assets under management: $97.83M, most recent closing price: $46.08.

The fund has underperformed the market by -4.46% over the last month, -8.40% over the last quarter and -3.64% since the beginning of the year.

 

3. iShares Global Infrastructure ETF (IGF, Earnings, Analysts, Financials): Seeks to replicate the S&P Global Infrastructure Index. Net assets under management: $1.20B, most recent closing price: $40.05.

The fund has underperformed the market by -4.09% over the last month, -8.00% over the last quarter and -3.79% since the beginning of the year.

 

4. DJ Brookfield Global Infrastructure ETF (TOLZ, Earnings, Analysts, Financials): Seeks to replicate Dow Jones Brookfield Global Infrastructure Composite Index. Net assets under management: $25.99M, most recent closing price: $40.55.

The fund has underperformed the market by -5.60% over the last month, -10.04% over the last quarter and -7.10% since the beginning of the year.

 

(Monthly return data sourced from Zacks Investment Research. Assets data sourced from Yahoo! Finance. All other data sourced from FINVIZ.)

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© Kapitall, Inc. All rights reserved. Kapitall Wire is a division of Kapitall, Inc. Kapitall Generation, LLC is a wholly owned subsidiary of Kapitall, Inc.

Kapitall Wire offers free cutting edge investing ideas, intended for educational information purposes only. It should not be construed as an offer to buy or sell securities, or any other product or service provided by Kapitall Inc., and its affiliate companies.

Open a free account today get access to virtual cash portfolios, cutting-edge tools, stock market insights, and a live brokerage platform through our affiliated company, Kapitall Generation, LLC. 

Securities products and services are offered by Kapitall Generation, LLC - a FINRA/SIPC member.

13 (o): [object Object] WSODIssue (s): |21167564|45304298|210195|90065765 DMSourceID (s): KAPITALL Source (s): Kapitall Headline (s): What is NCR, the company behind ATMs, worth? Link (s): http://folionation.squarespace.com/news/2015/7/27/what-is-ncr-the-company-behind-atms-worth.html Thumbnail (s): DocumentDate_raw (n): 1438016040000 DocumentDate (s): July 27, 2015 DocumentDate_smart (s): Jul 27, 2015 DocumentKey (s): 1107-290734296785735426587-1771A52F86OFS0TR77MQT0M8KF ContentType (s): Article TrackingPixel (s): Teaser (s):

How much is that ATM manufacturer in the window? In the case of NCR, it's $10 billion.

ATM-maker NCR Corporation (NCR), which boasts a market capitalization of $5.2 billion, is in play. Two private equity firms—Blackstone (BX) and Carlyle (CG)—are teaming up to buy the company for $40 a share, or $10 billion.

NCR is in the business of running transactions. This may seem boring, but last year, it generated $6.5 billion in annual sales and is expected to see $6.81 billion at the end of 2015.

The stock is trading at a discount to the bidding price, but it is not inexpensive. Its P/E is 31.33, while the forward P/E is around 10.

With the way shares are trading, it is uncertain if the buyout will happen at all. Current shareholders are valuing the stock at the right level because the purchase price would include NCR’s roughly $3.2 billion debt.

Another reason is that the electronic payment process industry is a better investing option than NCR. There is already strong interest for cryptocurrency, but that is not an investment idea. PayPal (PYPL) is a legitimate business that holds significant potential. The company made $2.16 billion in revenue in Q4 2014.

PayPal is growing. The company acquired Xoom, a digital remittance company. It also bought Paydiant, a white-label mobile wallet platform. Lastly, PayPal’s Braintree unit services businesses by providing them with online payment services.

NCR may or may not be bought out, but if it is, there is some upside. For investors too impatient to wait, PayPal is another transaction-centric company that has the potential.

Written by Chris Lau

 

Click on the interactive chart to view data over time. 

1. The Blackstone Group L.P. (BX, Earnings, Analysts, Financials): Provides alternative asset management and financial advisory services worldwide. Market cap at $45.26B, most recent closing price at $38.26.

 

 

2. The Carlyle Group LP (CG, Earnings, Analysts, Financials): Specializes in direct and fund of fund investments. Market cap at $8.43B, most recent closing price at $26.15.

 

 

 

3. NCR Corporation (NCR, Earnings, Analysts, Financials): Provides technologies and services that enable businesses to connect, interact, and transact with their customers in the financial industry worldwide. Market cap at $5.20B, most recent closing price at $30.70.

 

 

4. PayPal Holdings Inc. (PYPL, Earnings, Analysts, Financials): Operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Market cap at $45.14B, most recent closing price at $37.0.

 

 

(Monthly return data sourced from Zacks Investment Research. All other data sourced from FINVIZ.)

Analyze These Ideas: Getting Started

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© Kapitall, Inc. All rights reserved. Kapitall Wire is a division of Kapitall, Inc. Kapitall Generation, LLC is a wholly owned subsidiary of Kapitall, Inc.

Kapitall Wire offers free cutting edge investing ideas, intended for educational information purposes only. It should not be construed as an offer to buy or sell securities, or any other product or service provided by Kapitall Inc., and its affiliate companies.

Open a free account today get access to virtual cash portfolios, cutting-edge tools, stock market insights, and a live brokerage platform through our affiliated company, Kapitall Generation, LLC. 

Securities products and services are offered by Kapitall Generation, LLC - a FINRA/SIPC member.

14 (o): [object Object] WSODIssue (s): DMSourceID (s): KAPITALL Source (s): Kapitall Headline (s): China takes a plunge Link (s): http://folionation.squarespace.com/news/2015/7/27/china-takes-a-plunge.html Thumbnail (s): DocumentDate_raw (n): 1438009440000 DocumentDate (s): July 27, 2015 DocumentDate_smart (s): Jul 27, 2015 DocumentKey (s): 1107-290734296785735426457-502HGIE57D4J1H51JRA71KQVBM ContentType (s): Article TrackingPixel (s): Teaser (s):

The Chinese stock market had a terrible Monday, falling the most it has in one day in eight years.

After three weeks of government-induced calm, the Chinese stock market dropped by over 8 percent on Monday, its biggest tumble since February 2007. The benchmark Shanghai Composite Index fell 8.5 percent, the tech-heavy Shenzhen Composite slid 7 percent and the CSI300 index, which includes the largest firms on the Shanghai and Shenzhen indexes, declined 8.5 percent.

Monday's Chinese stock market crash calls into question the sustainability of the Chinese government's intervention, which came in the midst of China's bear market earlier this month. After rising 150 percent between June 2014 and June 2015, the Shanghai Composite took a turn for the worse on June 12, losing nearly 30 percent by July 7. The Shenzen Composite lost approximately 40 percent over the same period.

To stop the collapse, the Chinese government officially prohibited major shareholders from selling shares for six months. Unofficially, the government seems to have encouraged 21 major brokerages to agree to buy $120 billion yuan worth of stocks in a market-stabilization attempt and 28 private companies to call off their IPOs.

The Deutsche X-trackers Harvest CSI300 ETF China A-Shares ETF (ASHR), which tracks the CSI300, is down 9.28 percent today as of 10:41 AM EST. Over a three-month period, the ETF is down 20.97 percent.

15 (o): [object Object] WSODIssue (s): DMSourceID (s): KAPITALL Source (s): Kapitall Headline (s): FCC gives AT&T the thumbs-up to acquire with DirecTV Link (s): http://folionation.squarespace.com/news/2015/7/24/fcc-gives-att-the-thumbs-up-to-acquire-with-directv.html Thumbnail (s): DocumentDate_raw (n): 1437765840000 DocumentDate (s): July 24, 2015 DocumentDate_smart (s): Jul 24, 2015 DocumentKey (s): 1107-290734296785735426397-03UGVFI3CQ5O7T76ILGCBDB0US ContentType (s): Article TrackingPixel (s): Teaser (s):

It was widely expected to happen, and thanks to the FCC, the AT&T-DirecTV merger is officially good to go.

Time Warner Cable (TWX) and Comcast (CMCSA) weren't able to do it, but AT&T (T) and DirecTV (DTV) are officially becoming one. As expected, the Federal Communications Commission announced on Friday that it approved AT&T's $49-billion acquisition of DirecTV. Thanks to the FCC's decision, which was the last regulatory hurdle for the merger, the resulting company will now be the biggest pay TV provider in the country. 

Both stocks were up nearly 2 percent as of 3:02 PM EST. 

Meanwhile, Comcast and Time Warner are down 3.45 percent and 1.52 percent, respectively, as of 3:10 PM EST. Charter Communications (CHTR)—which hopes to merge with Time Warner and, according to the Wall Street Journal, has a better chance of succeeding than the failed Comcast bid—is down 0.67 percent.

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