In today’s Get Real morning newsletter, we discussed a look toward 2020 for the S&P 500, Netflix’s new executive pay plan, and hope for Dish. Plus, caution for FedEx and more.
Netflix stock fell due to executive pay plan
On Monday, Netflix (NFLX) stock fell after the company outlined its executive pay plan for 2020. Investors are worried because the plan includes substantial increases in the compensation for Netflix’s top executives despite the rising debt.
Argus analyst is cautious about FedEx
Recently, Argus analyst John Eade downgraded FedEx (FDX) stock due to a lack of confidence in the company’s near-term earnings potential. Eade isn’t the only analyst who downgraded the stock. FedEx had a disappointing second-quarter performance.
Spirit ordered 100 aircraft from Airbus
According to Reuters, Spirit Airlines finally cemented its previous commitment to buy 100 narrow-body commercial airplanes from Airbus. The deal shows that US carriers are still ordering from Airbus despite import duties on its aircraft.
Huawei and Google’s divergence
Following the New York Times report about ToTok being a spying tool for the United Arab Emirates, Google and Apple (AAPL) quickly removed the app from their download stores. However, Huawei won’t remove ToTok from its app store. Huawei has struggled without access to Google’s apps.
Keys to Facebook’s PlayGiga acquisition
What to watch for
Apple TV+ could get a sports streaming boost
Apple TV+ has its sights set on deals with the James Bond franchise and the rights for college sports. Expanding into sports could give the streaming service a much-needed edge in the fiercely competitive streaming wars.
Holding out hope for Dish
Dish Network (DISH) is banking on the success of the T-Mobile and Sprint merger to kick off its wireless business. Dish’s chairman, Charlie Ergen, has been working to finance the wireless business ahead of the final ruling of the T-Mobile and Sprint antitrust case.
S&P 500’s 2020 potential
So far, the S&P 500 has gained 28% this year. Phase one of the US-China trade deal’s completion helped the broader market, especially tech stocks. Optimism about phase two of the trade talks could be a bullish driver going into 2020.
Can Broadcom rally?
Broadcom has underperformed its peers and had a slow year. However, the chipmaker is primed for a rally, especially due to progress with the US-China trade deal.