2024 Lookout: Streaming Market
The streaming market faced challenges over the last couple of years, but strategic initiatives by key players like Netflix create a growth runway and potential for better days in 2024
A share of stock is a small portion of a company. Various amounts of stock are issued directly by the company, with the proceeds from their sale being used to sustain business operations. Both private and public corporations may engage in the issuance of stock, with public offerings being available for purchase and trade on the open market. The origins of corporate stock issuance and exchange-based securities trading can be traced to early 17th century Amsterdam and the Dutch East India Company. Stocks come in many shapes and sizes, each with unique characteristics. Some stocks pay shareholders a portion of…
The streaming market faced challenges over the last couple of years, but strategic initiatives by key players like Netflix create a growth runway and potential for better days in 2024
At its investor event yesterday, McDonald’s said that it is planning to open 10,000 new restaurants by 2027. This will bring the number of stores to 50,000 - it currently has more than 40,000 restaurants as per its latest quarterly filing.
Mastercard (MA.us) announced an increase in its dividend and another share buyback program. MA.us will raise its quarterly dividend to 66c (57c), which is a 16% increase. It will also repurchase $11bn of its own stock once its current $9bn plan is completed – there is $3.5bn still outstanding.
Spotify (SPOT.us) will lay off 17% of its workforce to cut costs. About 1,500 workers are affected, with this being the third round of layoffs for the year. This will considerably lower the spend on salaries and other employee associated costs.
General Motors (GM.us) stock is looking set to outperform Ford (F.us). The relative strength chart, with GM.us as the numerator and F.us as the denominator, has bullish developments. The green 5-week EMA has crossed bullishly above the orange 10-week EMA (blue circle) and the RSI has crossed to the bullish side of 50 (blue rectangle).
The EV leader started on Thursday deliveries of its futuristic Cybertruck, after multiple delays and production challenges, but focus shifts towards cheap and mass-produced EVs
Air traffic has been recovering from the pandemic plunge, helping airlines boost their balance sheets and plane manufacturers increase their output, but can they carry the momentum into 2024?
Salesforce has been the best performer in the Dow Jones Industrial Average (US30) for 2023. Its relative strength began in mid-January (blue dashed vertical).
The chip giant posted new record top and bottom lines on Tuesday on strong demand for its artificial intelligence infrastructure and projects further growth ahead, despite negative impact from US trade curbs
Tesla (TSLA.us) is trading around $241. This is around 40% lower than its all-time high of $414 reached in November 2021. However, the Tesla (TSLA.us) weekly chart is showing interesting potential.
There is backlash regarding Elon Musk’s endorsement of anti-Semitic rhetoric on his social media platform X (formerly known as Twitter). In response, advertisers such as Apple, Disney, Lionsgate, the European Commission, and others have suspended their business at the social media company. Moreover, Tesla (TSLA.us) shareholders are questioning his leadership of that company.
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