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Key Updates from the Streaming Service Space: AAPL, NFLX, ROKURakuten to expand its streaming services in Europe Japanese e-commerce firm Rakuten is reportedly planning to expand its movie streaming service to 42 European (EFA) countries. The
Wall Street's analysts and market experts have scores of unique investing ideas and perspectives as we begin the new year. But one common thought across dozens of 2019 market outlooks: Nothing will come easy for investors. Where will the American stock market go in 2019? What sectors will shine - and which ones will fall to the back of the pack? Will Chinese equities rebound? Will cryptocurrencies find their way back into favored status among aggressive investors? Experts from across the spectrum - from Wall Street's most prominent stock-analysis outfits to "boutique" shops that specialize in just one or two corners of the market - have delivered their market outlooks for 2019. Kiplinger's has published its own insights: our economic outlook and our guide on where to invest for the year. But we suggest also taking in the analyst community's views on stocks, bonds and beyond. Digest these key 2019 market outlooks to find investment ideas that fit your portfolio in the new year. They include price targets for the Standard & Poor's 500-stock index, economic forecasts and various investing strategies. ### SEE ALSO: 19 Best Stocks to Buy for 2019 (And 5 to Sell)
It has gotten downright ugly out there. The Standard & Poor's 500-stock index has been dancing in and out of correction territory and is down about 8% from its all-time highs at time of writing. It's also barely in positive territory in 2018. It doesn't get any prettier when you look at other corners of the market. The tech-heavy Nasdaq is up a meager 4% in 2018, but of more concern is that it's down 12% from its late-summer highs, putting it well into official correction territory. And when you drill down to the major players that have led the bull market in tech shares for years - the "FAANG" stocks Facebook (FB), Apple (AAPL), Amazon (AMZN), Netflix (NFLX) and Google parent Alphabet (GOOGL) - it's a bona fide bloodbath. Facebook has lost more than a third of its value from its highs, and Netflix isn't far behind. Apple has been sliced by a quarter. Amazon has shed nearly 20% of its value, as has Alphabet. The picture doesn't get prettier overseas. Chinese stocks are in an official bear market, and the iShares MSCI EAFE ETF (EFA), a proxy for developed international stocks, is flirting with bear-market territory. We know it's ugly out there; the question is why. The first-quarter selloff shook out many of the less committed holders, meaning remaining investors should have been a little harder to rattle. And earnings still look strong, as does the health of the economy. So, what gives? It's rarely just one thing. Selloffs almost always have multiple, sometimes overlapping, drivers. Here are seven of those reasons - including which ones could threaten the market further. SEE ALSO: 7 Stocks Wall Street Is Souring on Right Now
US tech giant Netflix (NFLX) has been offering online video streaming services including original shows and programming in Europe (EFA) and in other countries too to grow its subscriber base. There has been a surge in demand for original shows and films in Europe, as a lot of consumers are shifting towards video streaming options. Netflix also has plans to produce movies and shows in Europe.
Netflix (NFLX) is the global leader in streaming movies and TV shows and has remained focused on investing in original content as well as original programming to grow its subscriber base worldwide. Internationally, Netflix has recently ramped up the production of new shows and movies across Europe in 2019. According to a Financial Times report on November 26, Netflix plans to invest around $1 billion on original and co-produced content in Europe (EFA) to produce about 221 new shows in 2019 including 153 originals.
Walt Disney (DIS) received US regulatory approval in June 2018 to acquire most of 21st Century Fox’s (FOXA) media and entertainment assets, including Fox’s regional sports networks (or RSN), for $71.3 billion. After the sale of 22 RSNs, the deal would give Disney ownership of Fox’s film and TV studios, cable networks such as FX Networks, Fox Networks Group, stakes in National Geographic Partners, Indian satellite TV group Star India, Hulu, and other key assets.
Apple (AAPL) posted better-than-expected earnings and revenue in the fourth quarter of fiscal 2018, which ended on September 29, but it issued disappointing revenue guidance. Apple posted EPS of $2.91 in the quarter, beating the estimate of $2.78. Its revenue of $62.9 billion also exceeded the estimate of $61.57 billion in the quarter.
The Walt Disney Company (DIS) is looking to acquire a variety of 21st Century Fox’s (FOXA) assets. After the divestment, Fox will retain part of its business, which will be called “New Fox” and will contain the highly lucrative Fox News, Fox Business, and Fox national sports networks.
Facebook (FB) witnessed sluggish user base growth during the third quarter of 2018. The Internet giant missed analysts’ expectations on monthly active users (or MAUs) and daily active users (or DAUs).
As of September 30, Comcast (CMCSA) had long-term debt of $69.7 billion, higher than the $59.4 billion the company had on December 31, 2017. The company has sold unsecured bonds worth $27 billion to finance its $38.8 billion acquisition of the 61% stake in Sky. According to Bloomberg, Comcast’s debt borrowing would raise the company’s debt levels to the $100 billion debt level. Comcast’s debt level is expected to reach $114 billion.
Comcast’s (CMCSA) long-term debt at the end of the second quarter of 2018 was $61.9 billion, up from $57.2 billion in the prior year’s quarter. The cable giant is looking to raise cash through a bond sale worth $27 billion for its $40 billion acquisition of Sky, which would further burden the company. Despite Comcast’s debt sale of $27 billion, which was one of the biggest US (SPY) corporate borrowings of all time, the US broadcaster reportedly committed on October 2 to maintain its credit score and debt levels.
FireEye (FEYE) continues to see international growth driven by its Helix user interface platform, iSIGHT Intelligence, and Mandiant. The company’s Mandiant service, which includes expert security consulting, incident response, and managed security services, is being adopted by many international companies. Such growing popularity has registered record fiscal second-quarter business for Mandiant.
Teva Pharmaceutical Industries (TEVA) reported its Q2 2018 earnings results yesterday. Its sales fell ~18% YoY (year-over-year) to $4.70 billion, missing analysts’ estimate of $4.74 billion. In comparison, its sales fell 10% YoY to $5.1 billion in Q1 2018.
Earlier this month, GoPro (GPRO) revealed that it has sold over 30 million HERO cameras since the launch of the first HD model in November 2009. GoPro attributed the sales to product quality, which has made HEROs the best-selling camera in North America for 17 consecutive quarters.
Facebook (FB) delivered its slowest-ever user growth rate in the second quarter, which pulled down its stock more than 20.0% in after-hours trading on Wednesday. Facebook’s sluggish user growth also adversely impacted its top-line growth in the quarter. Both revenues and global daily users lagged behind analysts’ expectations in the second quarter.
Below are the key economic indicators that investors should watch this week: German Ifo Business Climate Index Eurozone ZEW Economic Sentiment Index German ZEW Economic Sentiment Index Eurozone inflation Eurozone consumer confidence UK inflation Series overview