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Roku, Inc. (ROKU)
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- Bloomberg
Roku Hires Apple’s Chief Siri Architect For Software Role
(Bloomberg) -- Roku Inc. has hired a Siri executive at Apple Inc. to lead advanced technology development.Brian Pinkerton has joined the San Jose, California-based maker of TV set-top-boxes and software where he will focus on “technical innovation and strategic software development across the platform,” the company said on Tuesday. His work will be broader than voice control, which was his specialty at Apple, where he was the chief architect of Siri until November, according to his LinkedIn page. Pinkerton was also previously chief technology officer for the Chan Zuckerberg Initiative.Roku sells several streaming video players to access video content as well as sound bars, but the company has increasingly focused on expanding its software platform and the Roku Channel streaming service. It has also been pushing for its software to be built into lower-end TVs, ceding the high-end to software like LG Electronics Inc.’s webOS and Android TV from Alphabet Inc.’s Google.Roku recently started rolling out support for Apple’s AirPlay streaming and HomeKit smart home protocols to its TV devices. Last year, Roku became one of the first platforms to feature the Apple TV+ subscription service.Roku shares were down 2.6% at 3:44 p.m. in New York. They have more than doubled this year while Apple has gained 67%.(Updates with shares in final paragraph. An earlier version of this story corrected the location of Roku headquarters.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Benzinga
Benzinga's Bulls And Bears Of The Week: AstraZeneca, Disney, Ford, GE, Roku And More
AstraZeneca HQ and research center in Cambridge, United Kingdom * Benzinga has examined the prospects or many investor favorite stocks over the past week. * The bullish calls in the holiday-shortened week included old-school and newer consumer favorites. * A COVID-19 vaccine contender and a casino stock were featured among the bearish calls.As investors begin looking to the future, hopes for COVID-19 vaccines and the incoming U.S. presidential administration helped buoy the markets last week, lifting Dow Jones industrials to a new all-time high. The main U.S. indexes ended the holiday-shortened week higher, led by the Nasdaq's 3% gain.There was plenty of focus on retail last week, with changes to Black Friday, mixed earnings from retailers still coming in and some early signs of what the holiday shopping season has in store.The week also saw a new world's second richest man, additional layoffs at an entertainment giant, consolidation in the book publishing industry and fresh geopolitical tensions.Through it all, Benzinga continued to examine the prospects for many of the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.Bulls Walt Disney Co (NYSE: DIS) unveiled a plan earlier this year to focus heavily on its direct-to-consumer streaming business, according to Chris Katje's "2 Catalysts That Could Boost Disney+ Subscribers." Upcoming catalysts could bolster already strong subscriber growth. What is expected from an upcoming investor presentation?In "Oppenheimer Upgrades General Electric: 'Turnaround Gaining Traction'," Wayne Duggan discusses how General Electric Company (NYSE: GE) is making steady progress on its turnaround efforts, its balance sheet has improved and coronavirus vaccine data is bullish for the company."Analyst Sees Square Hitting 0 On The Back Of Bitcoin-Heavy Cash App" by Shivdeep Dhaliwal examines the prospects for Square Inc (NYSE: SQ) and its Cash App. See how the featured analyst believes the mobile payment company will fare against competition from the likes of PayPal and Venmo.Jayson Derrick's "Roku's Fundamentals 'Remain Strong,' Analyst Says" focuses on why recent momentum at Roku Inc (NASDAQ: ROKU) could be sustained even after a COVID-19 vaccine is available to the public. In addition, see what the company's international prospects in the new year may be.For additional bullish calls in the past week, also have a look at the following: * Wall Street Analysts Say These 5 Stocks Are A Buy As The World Prepares For The Post-COVID-19 Era * China Tech Companies To Remain 'Very Much A Growth Play' Even Post-COVID-19, Says Credit Suisse * Cramer's Year-End Game Plan: Load Up On Digital RetailersBears Shanthi Rexaline's "AstraZeneca Analyst Flags Lack Of Details In Interim COVID-19 Vaccine Data" shows why one analyst called interim Phase 3 data for the AstraZeneca plc (NASDAQ: AZN) coronavirus vaccine candidate "premature and insufficient" and "likely to attract a raft of criticism.""Morgan Stanley Downgrades Ford, Says EV Strategy Is 'Not Fully Clear'" by Jayson Derrick makes the case that Ford Motor Company (NYSE: F) deserves credit for expressing a "sense of urgency" in building out its electric vehicle lineup, but management's strategy is "not fully clear" at this point.In Wayne Duggan's "Citron Shorts Palantir, Calls Stock A 'Full Casino'," see what made the famous short seller add Palantir Technologies (NYSE: PLTR) to the holiday short list last week. Check out how much downside from current levels Citron predicts by the end of the year.With Caesars Entertainment Inc (NASDAQ: CZR) stock up more than 100% in six months, it is time for a downgrade on valuation and some risks ahead. So says "Caesars Entertainment Gets Downgrade On Valuation, Short-Term Risks" by Chris Katje.Be sure to check out these additional bearish calls: * Bitcoin Takes A Thanksgiving Swoon * Why Scott Nations Is Bearish On Crude Oil * Mexico's Cannabis Legalization Bill Will Boost Business, But There Are ConcernsAt the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.Photo courtesy: AstraZenecaSee more from Benzinga * Click here for options trades from Benzinga * Barron's Picks And Pans: Emerging Markets, Kandi, Simon Property, Plug Power And More * Last Week's Notable Insider Buys: Avis, Biglari And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Investor's Business Daily
Top Stock Trading Rules: The Eight-Week Hold Rule And Its Wrinkles
China-based Futu Holdings joined a short list of stocks to have tripped the 8-week hold rule. But Futu deserves some special attention.
