25 October Watchlist đź‘€

 

Today we are watching…

1.  Verizon (#vzon)

This week, Verizon offered the world an entire free year of Disney+. The telecoms player wants to lure in new customers by piggybacking on Disney’s hotly-anticipated streaming service, which is set to come out on November 12th. This will sign up millions to Disney+ from the get-go, helping it compete with Netflix, which fell on this news. Competitors are flocking to the streaming market now, so any early advantage could prove decisive in the race to the top! Verizon will shed more light on its plans to benefit from this race in streaming today, as it reports quarterly earnings results to shareholders. Analysts are holding out for $1.24 in profit per share on $37 billion in revenue.

2. Amazon (#amzn)

Jeff Bezos’s title as the world’s richest man is hanging by a thread.  Shares in his e-commerce juggernaut Amazon were battered 9% yesterday, as the company reported revenue growth of 24%. Although commendable, that falls far short of what analysts had their money on. The holiday season is supposed to be a retailer’s time in the sun, but revenue guidance for the weeks ahead also disappointed, and massive investments in one-day delivery are yet to pay off. Some investors aren’t phased at all by the sell-off, buying this dip, and believing that Amazon will be back to form soon. Bezos certainly hopes so. He’ll be feeling about $6.9 billion less extravagant today than he did yesterday!

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