|Day Low/High||729.65 / 739.86|
|52 Wk Low/High||572.46 / 825.62|
And four other things you need to know now.
The Wall Street Journal Reported that Charter Communications could potentially make a play to buy out Time Warner Cable.
Don't buy cable, telecom and content stock hoping for more M&A.
McDonald's (MCD) shares took a fall after the fast food chain unveiled its turnaround strategy.
Shares of Charter Communications (CHTR) slipped in Friday trading after the company reported a quarterly loss that widened from last year.
The surge in deal-making has created the ideal environment for merger arbitrage or event-driven funds, said K.C. Nelson, portfolio manager for the Driehaus Event Driven Fund.
The S&P 500 and Nasdaq closed at new all-time highs on Friday as an earnings-driven rally in shares of Amazon (AMZN), Google (GOOGL) and Microsoft (MSFT) pushed markets higher.
The market was a slow-rolling melt-up today as Nasdaq closed at all-time highs and the S&P 500 closed above all-time levels, but just barely. The Russell 2000 underperformed today. Although the indices did not see much movement, there were some big ...
In 13-F filings with the Securities and Exchange Commission, Daniel Loeb's Third Point, Soros Fund Management, and other large fund managers disclosed big stakes in Chinese e-commerce giant Alibaba.
While TV everywhere is disrupting viewing habits the real concern for pay TV providers is how to monetize digital platforms.
Macquarie Securities' Amy Yong says cable deal chatter picked up in 2013, and 2014 will likely see a deal between Time Warner Cable and Charter Communications to become the second largest cable company in the U.S. behind Comcast. TheStreet's Ruben Ramirez has details on the 2014 outlook for the cable sector.
While more competitors are tangling up the cable sector, I continue to favor Entropic Communications
Howard Marks' Oaktree Capital has a track record of finding great underperformers.
Cable-only companies need to acquire or develop programming that its competitors need.
The new YouTube subscription business model could spur further pressure on appointment TV viewing.