Guides Reports Reports
Disney invests in Quibi as it seeks more ways to put pressure on Netflix, which has opened a wide lead in the video streaming market.
Disney stock has underperformed Netflix stock so far in 2020. This comes as Disney+ hiccups continue to erase shows on the streaming service.
Sprint moves to consolidate prepaid brands that it will transfer to Dish’s wireless business. Virgin Mobile to merge into Boost Mobile.
Blackberry (BB) announced that it would work with Amazon AWS (AMZN). So, the companies will work together over a software platform for connected vehicles.
Southern Company (SO) stock had one of the best years in 2019. It gained almost 45%. The stock outperformed utilities at large that rose 22% last year.
Energy & Utilities
Last week, natural gas prices fell 1.3% and settled at $2.13 per MMBtu (million British thermal units). It was the second consecutive weekly decline.
Warren Buffett underperformed the stock markets last year. Berkshire Hathaway’s returns versus the S&P 500 were the worst since 2009.
Advanced Micro Devices (AMD) launched its third-generation Ryzen Threadripper 32-core 3970X and 24-core 3960X on November 25.
Investments & Deals
CenturyLink (CTL) stock closed the trading day on January 2 at $12.92, a fall of 2.2%. The stock is trading 22.9% lower than its 52-week high of $16.75.
Energy & Utilities
Oil stocks like ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) saw mixed performance in the fourth quarter of 2019.
2020 may see Apple (AAPL) in a completely new arena. On December 23, Patently Apple reported that this year the iPhone marker might venture into eSports.
TikTok among Facebook rivals that have decided to give political ads business a wide berth, hence reducing competition for Facebook in that market.
Facebook’s Libra project might have to go back to the drawing board after Swiss government indicates it won’t approval Libra in its current form.
Yesterday, Ford announced that the registrations for the high-end version of its first all EV (electric vehicle), Mustang Mach-E, are full.
Walt Disney (DIS) has pulled its shows from Sky’s Sky Now video streaming service. Previously, Disney withdrew its shows and films from Netflix (NFLX).
Shares of telecom company Sprint (S) rose 0.57% to close trading at $5.26 on December 24. However, the stock generated returns of -11.2% month-to-date.
Cronos Group (CRON) missed analysts’ EBITDA estimates this year. The bad performance and weakness in the cannabis sector caused the stock to fall by 34.9%
Green Thumb Industries (GTII) (GTBIF) is a cannabis CPG (consumer packaged goods) company and retailer with headquarters in Chicago, Illinois.