Netflix’s recent surge to a record high in August has left analysts optimistic about the stock’s potential for even further growth. Breaking above the $700 mark, Netflix reached an intraday record of $711.33, showcasing a 44% increase in shares year to date. Despite facing intensifying competition in the streaming sector and a slowdown in consumer
Streaming
Dallas Mavericks and New Orleans Pelicans fans are eagerly anticipating the new season of the National Basketball Association, but changes in the way they watch local games are on the horizon. Both teams are parting ways with their regional sports networks owned by Diamond Sports, as revealed in a recent bankruptcy court filing. With the
The future of Paramount Global remains uncertain as a special committee has announced an extension of the “go shop” period in light of a competing offer from Edgar Bronfman Jr. Initially, Bronfman offered $4.3 billion for Shari Redstone’s National Amusements, the controlling shareholder of Paramount. However, this bid was quickly increased to $6 billion, overshadowing
Bank of America analysts believe that Apple remains a strong buy, with analyst Wamsi Mohan emphasizing that “the best is yet to come” for the iPhone maker. Despite a recent decline in Apple shares, Mohan is optimistic about the potential for significant acceleration in smartphone units in the upcoming quarter, as well as overall growth
Disney’s media business has long been viewed as a hindrance to the company’s overall success, with its streaming losses, declining traditional pay TV business, and box office failures causing concern among investors. This negative perception has been reflected in Disney’s stock performance, which has lagged behind the S&P 500 in recent years. However, the company’s
Disney recently announced that it will be raising prices on its streaming platforms, including Disney+, Hulu, and ESPN+. The price increases are set to take effect in mid-October, with most plans seeing a $1 to $2 increase per month. The most expensive plans for Hulu, which include live TV, will see a $6 increase per
As the second-quarter earnings season kicks off, Mark Mahaney from Evercore ISI has provided an update on his tactical calls for the large-cap internet sector. His optimistic outlook for the sector is based on sustainable valuations and favorable market conditions for the remainder of the year. Analysis of Top Picks Mahaney’s top picks include Alphabet,
As the second-quarter earnings season gains momentum, investors are eagerly awaiting the reports of several key companies to determine the future direction of the stock market. Last week, major players such as Citigroup, JPMorgan Chase, Delta Air Lines, and PepsiCo set the tone with their earnings releases. With FactSet data showing an impressive 18% earnings
As the earnings season kicks off, investors are eagerly awaiting the reports from some of the biggest U.S. banks and companies. With over 40 S&P 500 names expected to post their second-quarter results, including heavyweights like Goldman Sachs, Morgan Stanley, Bank of America, and Netflix, there is a lot at stake. Analysts are projecting an
The box office has been missing a significant piece lately – family films. While there have been a few kid-friendly hits that have helped boost ticket sales, many family features either debuted on streaming platforms or were released so far apart from each other that any momentum in ticket sales quickly dissipated. However, in recent