Latest news with #RobotaxiDay
Yahoo
a day ago
- Business
- Yahoo
Disney Just Struck a Deal with Amazon. Should You Buy DIS Stock Here?
Disney (DIS) has reportedly formed a partnership with e-commerce giant and cloud services titan Amazon (AMZN) to enhance ad targeting for streaming television. Under this partnership, Amazon's Demand Side Platform (DSP) will have access to Disney's content library. Commenting on the partnership, which is expected to launch in the third quarter of this year, Matt Barnes, vice president of programmatic sales at Disney Advertising, sounded optimistic, 'By building a direct path connecting Amazon's commerce insights to the full scale of Disney's streaming ecosystem, we're enabling greater accessibility to inventory and audience signals that translate into meaningful results for advertisers leveraging Amazon DSP.' Dear Tesla Stock Fans, Mark Your Calendars for June 30 3 ETFs with Dividend Yields of 12% or Higher for Your Income Portfolio This Options Tool Can Show You How to Trade Tesla Stock Ahead of Robotaxi Day Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Now, although this is a positive development and makes the case for owning Disney stock even stronger, there are many more compelling reasons to own the 'House of the Mouse.' One of the most recognized global entertainment conglomerates, Disney's operations span across media, TV & cable networks, streaming platforms, and experiences. Disney owns vastly popular intellectual property such as the Marvel Cinematic Universe, Mickey Mouse, and Star Wars, among others. Commanding a market cap of $211.9 billion, DIS stock is up about 5.6% on a YTD basis and 15.5% over the past year. While the stock currently offers a dividend yield of 0.85%, Disney's payout ratio of just 15.8% leaves enough room for growth. Disney continues to demonstrate meaningful operational momentum under CEO Bob Iger, with recent results pointing to a sustained recovery. Since Iger resumed his role, the entertainment giant has posted compound annual growth rates of 7.07% in revenue and 43.76% in earnings, an indication that the restructuring efforts are beginning to deliver. Notably, in the second quarter of its fiscal 2025, Disney reported a top-line beat with revenue reaching $23.6 billion, up 6.8% from the year-ago period. The company also returned to profitability, swinging from a loss of $0.01 per share last year to earnings of $1.81 per share this quarter, comfortably surpassing analyst expectations. Cash flow metrics came in strong. Operating cash flow surged to $6.8 billion, up from $3.7 billion in the same quarter last year, while free cash flow rose to $4.9 billion from $2.4 billion. Overall, Disney's liquidity position remained solid as the company closed the quarter with a cash balance of $5.95 billion. Looking ahead, analyst consensus points to forward revenue growth of 4.1% and earnings growth of 16%, both of which outpace the sector median estimates of 3.24% and 11.33%. With operational metrics trending higher and renewed investor confidence, Disney appears to be regaining its footing in the post-pandemic media landscape. In this recent piece, I analyzed how Disney has opted for a two-pronged strategy to be on a sustainable growth path in the coming years. Headlined by its expansion in the physical realm, Disney is also making strategic moves in the digital space to streamline its offerings, along with undertaking new initiatives to develop new content. Meanwhile, Disney has also agreed to take full control of the streaming platform Hulu by paying Comcast (CMCSA) an additional $439 million. In Q2, total paid subscribers at Hulu were at 54.7 million, an increase of 9% from the previous year. Average monthly revenue per paid subscriber also increased slightly in the same period to $112.30, with popular shows like The Bear, Only Murders in the Building, and The Handmaid's Tale grabbing eyeballs and driving growth. Further strengthening Disney's overall performance, the theatrical distribution segment recently received a significant boost from the unexpected box office success of Lilo & Stitch. Encouragingly, even prior to this release, the business had already shown signs of momentum. In addition, Disney is setting the stage for another potential revenue catalyst with the planned rollout of a dedicated ESPN streaming platform. This new service would consolidate content from the traditional ESPN television channel, its existing subscription-based ESPN+ offering, and possibly include user-generated videos, creating a hybrid model somewhat akin to YouTube. Given ESPN+ already boasts more than 25 million subscribers, this expanded platform could generate substantial new revenue streams. Beyond subscriptions, additional upside could come from advertising, collaborations with sports betting operators, and other ancillary monetization channels. Altogether, Disney's approach, marked by thoughtful investments, adaptive pricing, and forward-looking leadership, places the company in a strong position to continue driving long-term shareholder value. Overall, analysts have attributed a rating of 'Strong Buy' for Disney stock with a mean target price of $126.69, which denotes upside potential of about 7.7% from current levels. Out of 29 analysts covering the stock, 21 have a 'Strong Buy' rating, two have a 'Moderate Buy' rating, and six have a 'Hold' rating. On the date of publication, Pathikrit Bose did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
This Nuclear Energy Stock Just Got a Big Government Boost. Should You Buy It Here?
Centrus Energy (LEU) shares inched up on Friday after the nuclear energy company secured an extension on its government contract to produce High-Assay, Low-Enriched Uranium (HALEU). LEU's press release valued the one-year extension at about $110 million, adding that the Department of Energy (DOE) has the option to extend that contract for up to eight more years. Dear Tesla Stock Fans, Mark Your Calendars for June 30 3 ETFs with Dividend Yields of 12% or Higher for Your Income Portfolio This Options Tool Can Show You How to Trade Tesla Stock Ahead of Robotaxi Day Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Including today's gain, Centrus Energy stock is up more than 280% versus its low set in early April. The HALEU contract extension is rather meaningful for Centrus Energy stock as it ensures continued visibility into future revenues. Additionally, this government extension reinforces the clean energy firm's pivotal role in restoring the country's ability to enrich uranium (UXM25) as well. With up to eight additional years of production still on the table, the DOE deal positions LEU as a long-term strategic partner in fueling next-generation nuclear reactors. As global interest in clean, secure energy intensifies, partly due to rapidly increasing demand from AI – Maryland-based Centrus stands to benefit from both commercial and national security-driven demand for HALEU. That makes LEU shares more attractive for long-term growth investors. Despite its meteoric run in recent months, Evercore ISI analysts are convinced that Centrus Energy stock has further room to the upside. Earlier this week, the investment firm reiterated its 'Outperform' rating on the clean energy stock and raised its price target to $205, which indicates potential upside of another 8.5% from current levels. Evercore ISI remains positive on LEU shares mostly because Centrus is the only company that the Nuclear Regulatory Commission has licensed so far for HALEU production. According to its analysts, the U.S. must 'unleash its advanced nuclear energy' to win the AI race. Other Wall Street analysts are nowhere near as constructive on LEU stock as Evercore ISI since it's already pricing in a lot of the good news. While the consensus rating on Centrus Energy remains at 'Strong Buy,' the mean target of about $157 indicates potential 'downside' of as much as 17% from here. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
a day ago
- Business
- Yahoo
AMD Just Landed a New Microsoft Partnership. Should You Buy AMD Stock Here?
Advanced Micro Devices (AMD) recently announced a high-profile partnership with Microsoft (MSFT) to collaboratively create silicon for a wide range of devices, including the next Xbox console. As the gaming hardware sector slowed down in recent quarters, this news represents a strategic wager that there will be strong demand down the road for new gaming solutions and customized AI-specific workloads. AMD shares are now higher by more than 9% over the previous five trading days. Beyond gaming, the AI chip space remains a large tailwind. Despite import controls and a cautious macroeconomic picture, AMD continues to gain traction in hyperscale data center, client, and custom silicon partnerships. The partnership with Microsoft reestablishes AMD's relevance in a more fragmented chip market and adds a fresh catalyst to a name that has lagged behind other AI stocks. Dear Tesla Stock Fans, Mark Your Calendars for June 30 3 ETFs with Dividend Yields of 12% or Higher for Your Income Portfolio This Options Tool Can Show You How to Trade Tesla Stock Ahead of Robotaxi Day Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Advanced Micro Devices (AMD) is a global leader in semiconductors based in Santa Clara, California. The company designs CPU, GPU, and adaptive SoCs for data center, PC, gaming console, and embedded markets. AMD is valued at over $205 billion and competes fiercely with Intel (INTC) and Nvidia (NVDA). AMD shares are down 20% over the past 52 weeks and are more than 40% off record highs. However, things could soon start turning around, with shares up 20% in the last three months. Valuation-wise, AMD trades at a forward price-earnings multiple of 40.1x and a price-sales multiple of 7.99x. These are high figures relative to its history but are within range for its large-cap AI hardware peers. The PEG ratio of 1.64x for AMD suggests that the stock is fairly valued relative to growth, but sustained execution, especially in high-margin AI areas, will be required to justify a premium. AMD's first quarter 2025 results exceeded expectations across the board. The company generated revenue of $7.44 billion, 36% higher year-over-year, and non-GAAP EPS of $0.96 trounced consensus by a wide margin. For the coming quarter, management predicted Q2 revenue of $7.4 billion, minus or plus $300 million, and non-GAAP gross margin to be 43%. The latter reflects a $800 million charge related to fresh export restrictions, without which, margin expectations would have been 54%. Segment by segment, data center revenue increased 57% year over year to $3.7 billion due to strong EPYC CPU and Instinct GPU demand. Client segment revenue increased 68% to $2.3 billion with strong Ryzen processor sales. Gaming revenue decreased 30% to $647 million due to lowered semi-custom sales. According to Barchart, there is currently a 'Moderate Buy' consensus rating among 42 analysts for AMD. 28 of them rank it a 'Strong Buy,' one ranks it a 'Moderate Buy,' and 13 rank it 'Hold.' AMD's consensus price target is $133.32, translating to around 4% upside potential from its current price. The most bullish and bearish targets are $200 with 56.3% of upside and $95 with 25.8% of downside risk. The wide range reflects varied perceptions of AMD's AI momentum vis-a-vis execution risks, particularly margin squeeze and global regulatory challenges. On the date of publication, Yiannis Zourmpanos had a position in: AMD. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
a day ago
- Automotive
- Time of India
Robotaxi launch: Event date, place, time and all news about Tesla's new autonomous vehicle
Elon Musk 's dream of a robotaxi is coming true, but it hasn't been easy. Tesla 's robotaxi service is finally going to launch in Austin, Texas, after months of delays and problems. Here's when it will happen, why it's important, and what you can expect. Why is this launch so significant for Tesla and its future? Tesla's robotaxi service wants to change the way people get around, starting with a small rollout and possibly spreading across the country. If it works, it could change the self-driving car market and Tesla's future in a big way. Following three consecutive sessions of gains, Tesla (TSLA) shares are up Wednesday as a result of new social media posts from CEO Elon Musk. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dhoni's Exclusive Home Interior Choice? HomeLane Get Quote Undo What is the confirmed launch date and where will it happen? When a user inquired about the start date of Tesla's robotaxi program on Tuesday night, Musk replied that it would happen "tentatively, June 22,' as per a report by Investopedia. 'We are being super paranoid about safety, so the date could shift," Musk wrote in a tweet. He added that the first Tesla that will drive itself from the factory directly to a customer's door should be delivered about a week later, on June 28, as per a report. Live Events ALSO READ: Jennifer Garner may soon join Hollywood's billionaire club — here's how she's doing it While Musk had previously stated that the program was on track to launch sometime this month, Bloomberg reported last month that Tesla was aiming for a June 12 launch for the autonomous ridesharing service. The Tesla X account responded to another user who shared a video of what looked to be a Tesla being tested on Austin, Texas, roads without a driver in the driver's seat and posted a robot and car emoji in its own post, which was made hours before Musk's. The vehicle test confirms that "a key component of our TSLA thesis has officially begun playing out," according to a Tuesday report by Piper Sandler analysts, who have a $400 price target. Although specifics regarding the possible launch have not yet been made public, Elon Musk has stated that Tesla's plans for a more reasonably priced Tesla model are also on track to launch this month. What challenges is Tesla facing? Elon Musk has provided explanations for why it might not launch this week. While Waymo is formally in the "deployment" phase of autonomous driving operations in the city, the company is listed as being in the "testing" phase. Garrett Nelson, a CFRA analyst, predicts that Tesla's unsupervised robotaxi service launch will be largely unimpressive and will not have the same fanfare as last October's Robotaxi Day. What will the first robotaxi service in Austin be like? Initially, the company will observe about a dozen driverless Model Y cars using Full Self-Driving technology in a geofenced area of Austin, Texas, under remote performance supervision. The most crucial metrics will be how many incidents and interventions the cars record over the next few months, as well as how fast TSLA can turn off remote supervision and enter new markets outside of the geofenced area. Are there any delays or hurdles holding the robotaxi back? Elon Musk's announcement of the Austin trial last month sparked a stir among Tesla bulls who have been eager for robotaxis to go on the road. Even though the dream is still alive, investors are likely to face more obstacles in the future due to the recent detours. There will be more turbulence for the robotaxi rollout due to the unsettling developments of late. Elon Musk chose Texas because it is his home state and has far more lenient laws governing autonomous vehicles (AVs) than California. But lawmakers in Texas have sent a dismal message just days before the start of the process. An Austin-based organization advised Tesla to wait until September 1, when the new AV regulations go into effect. Safety checks and more precise compliance guidelines are part of the new regulations. According to reports, seven Texas lawmakers have signed the hold-off on the rollout. FAQs When and where will the Tesla robotaxi be launched? The launch date is tentatively scheduled for June 22 in Austin, Texas. Will robotaxis be available anywhere? Not yet, it will begin with a small area in Austin, with plans to expand later.
Yahoo
a day ago
- Business
- Yahoo
A $1.3 Billion Reason to Buy Eli Lilly Stock Now
Eli Lilly (LLY) is a pharmaceutical company that focuses on cardiometabolic health, neuroscience, oncology, and immunology. The company markets its products through brands like Jardiance, Emgality, Humalog, Mounjaro, and Trulicity. Eli Lilly was founded in 1876 and operates in 125 countries with its headquarters in Indianapolis, Indiana. Dear Tesla Stock Fans, Mark Your Calendars for June 30 3 ETFs with Dividend Yields of 12% or Higher for Your Income Portfolio This Options Tool Can Show You How to Trade Tesla Stock Ahead of Robotaxi Day Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Eli Lilly has shown notable volatility in the medium term. Over the past month, the stock has gained 2.3%, however shares are down 1% in the year to date. The stock remains 21.4% below its 52-week high while registering a 13.7% slip in the past 52 weeks. Eli Lilly posted its first-quarter results back on May 1. The company reported a profit of $3.34 per adjusted share, widely missing analysts' $3.52 estimate. The company generated $12.73 billion in revenue, a significant 45% rise from the same quarter last year and beating Wall Street's $12.62 billion estimate. Revenue from Mounjaro saw a substantial rise of 113% year over year to $3.84 billion. Zepbound produced $2.31 billion revenue, registering 20.9% growth. Shares of Eli Lilly fell more than 11% on the results as investors focused on the revised guidance. The company lowered its profit forecast with adjusted EPS now expected in the range of $20.78 to $22.28 from the previous range of $22.50 to $24.00 per adjusted share. The company cites heightened acquired in-process research and development charges (IPR&D) as one of the reasons for the guidance cut. Eli Lilly has announced an agreement to acquire gene-editing company Verve Therapeutics (VERV) for $1.3 billion. This values Verve Therapeutics at $10.50 per share, reflecting a 67.5% premium to its pre-announcement closing price. The move comes as part of Eli Lilly's plans to diversify the company's operations beyond diabetes and weight-loss drugs. Eli Lilly will pay $1 billion upfront and an additional $300 million contingent upon Verve Therapeutics' ability to achieve certain clinical targets. The companies were already involved in a partnership aimed at utilizing gene-editing treatment to lower cholesterol levels in cardiovascular patients. Verve Therapeutics' gene-editing technique utilizes cutting-edge technology allowing it to execute precise one-time changes to the DNA. This can deactivate genes such as PCSK9, LPA, and ANGPTL3, contributing to high cholesterol levels. At present the company is undergoing early stage clinical trials in patients diagnosed with familial hypercholesterolemia, a genetic disorder that causes high levels of LDL cholesterol. Eli Lilly is a top-rated pharmaceutical stock with a consensus 'Strong Buy' rating from analysts. Its mean price target is $983.12, reflecting upside potential of nearly 29%. The stock is covered by 26 analysts and has received 20 'Strong Buy' ratings, two 'Moderate Buy' ratings, and four 'Hold' ratings from Wall Street. On the date of publication, Ruchi Gupta did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
