2017 was a strong year for big-cap stocks, as Facebook, Amazon, Netflix, and Google all handily beat the returns delivered by the NASDAQ. James Cakmak, Internet Analyst at Monness, Crespi, Hardt, was with us to deliver his tech stock outlook for 2018.
The past year delivered remarkable returns for big tech stocks, and Cakmak says the momentum will continue into 2018. Despite financial success, he sees headline risks persisting for Facebook, Amazon, and Google as regulatory scrutiny looms. The analyst names Amazon as the "most politically savvy" tech company, saying they are getting closer to the government as agencies adopt AWS and cities try become the location of choice for its new headquarters.
Facebook has made an aggressive move forward with its video strategy as it looks to diversify its revenue from traditional ads. Cakmak weighs in on whether Facebook Watch will be the next big way for them to bring in revenue.
Seth Schachner, Managing Director at Strat Americas, talks Disney's taking control of Hulu, Warner Bros. and Discovery's split and how if affects the viewers.
The Tony Awards on Sunday lured 4.85 million viewers to CBS, its largest broadcast audience in six years. CBS says Monday that Nielsen data shows the telecast — hosted by “Wicked” star Cynthia Erivo — scored a 38% increase over last year’s 3.53 million viewers. That’s the largest audience for the Tonys since 2019, when the telecast that year nabbed 5.4 million viewers and “Hadestown” was crowned best new musical. The latest version also had to compete with the second game of the NBA Finals, between the Thunder and Pacers,
After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday during a developers conference that focused mostly on incremental advances and cosmetic changes in its technology.
Six weeks before UnitedHealthcare CEO Brian Thompson was gunned down outside a Manhattan hotel last December, Luigi Mangione mused about rebelling against “the deadly, greed fueled health insurance cartel” and expressed that killing the executive “conveys a greedy bastard that had it coming."
Shaquille O’Neal and Allen Iverson once clashed on the court in the 2001 NBA Finals, but now the basketball legends are joining forces to revive the Reebok brand they helped make iconic.
Midea is voluntarily recalling about 1.7 million of its popular U and U+ Smart air conditioners because pooled water in the units may not drain fast enough, leading to mold growth.
