One of Time Warner Inc (NYSE:TWX)’s recent initiatives includes agreements with Time Warner Cable Inc (NYSE:TWC) and Cablevision Systems Corporation (NYSE:CVC), which will bring HBO GO and MAX GO to HBO’s entire domestic subscriber base. HBO GO is now available on the Xbox, Samsung TV, the Kindle Fire and Android tablets. Time Warner Inc (NYSE:TWX) has also launched HBO Netherlands, and will introduce HBO Nordic and its first premium network in India.
These are the company’s latest initiatives to help combat the rising competition from Netflix, Inc. (NASDAQ:NFLX) and Hulu. Netflix is now competing more directly with Time Warner Inc (NYSE:TWX)’s HBO by offering original content, including “House of Cards” and “Arrested Development.” Also, Hulu has seen an influx of buyout interest, with Yahoo! Inc. (NASDAQ:YHOO), Time Warner Cable and DIRECTV (NASDAQ:DTV) all making bids for the company. The purchase of Hulu by any of these companies could lead to further competition for Time Warner.
The other headwind for the stock is its 18.7 times P/E, which puts Time Warner trading inline with some of its major peers, including Comcast Corporation (NASDAQ:CMCSA) (17.8 times) and Viacom, Inc. (NASDAQ:VIAB) (17 times). Thus, with the streaming content competition and valuation, it might be worth waiting for a pull back before jumping into the stock.
The Boeing Company (NYSE:BA) remains the largest aircraft manufacturer in the world in terms of revenue, orders and deliveries. Last month, the aircraft company managed to report stellar 1Q 2013 results, with EPS coming in at $1.73, beating consensus by 17% and seeing 24% growth from prior-year quarter’s EPS.