AI News, ETFs to Gain on Disney's Q1 Earnings & Solid Subscriber Growth artificial intelligence
Google Health now has more than 500 employees
Once scattered across the company, Google's (GOOG, GOOGL) healthcare projects are starting to come together under one team working out of the Palo Alto offices formerly occupied by Nest, according to several employees.
These 4 Sector ETFs Look Attractive In February
The coronavirus outbreak in January may have kept global investors edgy but has failed to subdue Wall Street’s euphoria.
SPDR S&P 500 ETF Trust (ASX:SPY) , SPDR Dow Jones Industrial Average (NYSE:DIA) ETF Trust (NYSE:D) IA) and Invesco QQQ Trust QQQ added about 3.3%, 3.1% and 4.6%, respectively, last week despite the virus scare.
Technology Select Sector SPDR ETF (NYSE:XLK) XLK Among with the broader technology sector, miscellaneous technology, computer-office equipment and computer-software services, electronics and semiconductor appear well-positioned.
The phase-one U.S.-China trade deal and increasing demand for emerging technology are to drive the space.Cloud computing and AI will keep ruling the technology sector, with 2020 likely to be a breakout year for edge computing, per Deloitte.
The sector has every reason to gain this election year as most democrat candidates, including Bloomberg, are pledging to end the fossil-fuel era, going completely against President’s Trump’s call.
Communication Services Select Sector SPDR ETF XLC The rapid adoption of satellite broadband services, arrival of direct-to-home TV offerings and advancement of digital technology have been driving the communication space.
Consumer Discretionary Select Sector SPDR ETF (TSXV:XLY) Upbeat jobs data, rising wealth effect, low rates and a steady U.S. economy bode well for the consumer discretionary stocks.
Disney Is Now Officially Netflix's Biggest Problem And Yet Another Friend To Roku
Along with aggressive pricing, beyond popular content for all ages and a massive campaign, WaltDisney Co(NYSE: DIS) wasted no time as Disney Plus has exceeded 28 million subscribers.
For all those who are not impressed, thinking Netflix Inc(NASDAQ: NFLX) has 167 million, just remember that Netflix has been around for 12 years now whereas Disney Plus is the new kid on the block for only less than three months.
But Disney still cannot afford to celebrate victory, its stock has fallen slightly since earnings have released and the company's stock is about even for the year so far, with streaming wars just heating up.
But more importantly, analysts expected the company to report 20 to 25 million subscribers but the Disney+ streaming service achieved 26.5 million paid subscribers by the end of the quarter and 28.6 million as of Monday.
Price increase is surely one of the reason for this slow-down, but the once-leader spent a record $15 billion last year on licensing and creating original content in 2019, far more than any other service.
But Disney also hasn't shied away from such investments as the legendary company reported a $689 million loss on $4 billion in revenue for all of its streaming services, including Hulu and ESPN+.
The combination of a hugely popular content library, aggressive pricing, and a growing subscriber base mean that the battle to be and stay on top is going to get much more difficult.
These are not called the streaming wars for nothing and even Disney is not too confident as it did not update its guidance for the service as the company previously forecasted between 60 million and 90 million subscribers by the end of its 2024 fiscal year.