Good points. The media does no one any favors either. They provide the click bait headline that starts the negative reaction...of course no counter stories referring to all the positive quarterly reports of just a week or so ago from Apple and suppliers....all forgotten. Drowned out by the "sky is falling" beneficiaries.
Companies who just in last two weeks reporting stellar earnings and guidance getting haircuts and trading ugly. Apple perfect example...Credit Suisse "discovers" supply chain softening after all Apple suppliers in the last two weeks say demand very strong. Apple supply chain movement typically impossible to gauge. What can you do...it's the games played on Wall Street. Long Apple since $160 pre-split so not exactly worried. I've seen these games play-out for the past 7-8 years.
Entertainment/content delivery vehicles: mobile devices like iPad, cell phones,, laptop, cable box, Netflix, Slingbox., DirectTV....these are the combatants that are at risk of increase or decrease in market share. They all need compelling content..content is King. ESPN and all Disney content are in rarified air folks. Don't be swayed by a slight softness in the ESPN number...they'll show up anywhere content is being delivered. This is demanded content.....we're not talking the Underwater Basketweaving Channel. Disney only to grow stronger.