Blogs -Top Tech Stock News: 7 Things You Missed This Week (11-Oct-2019)

Top Tech Stock News: 7 Things You Missed This Week (11-Oct-2019)

October 11, 2019


Beth Kindig

Lead Tech Analyst

1. Comcast to Restructure NBCUniversal Hierarchy Ahead of Peacock Launch

Comcast is reshuffling its senior hierarchy ahead of Peacock’s launch date. The company recently announced that it is consolidating Universal Television and Universal Content Productions under a single business unit to be led by NBCUniversal cable’s chairman, Bonnie Hammer.

Hammer will assume the title of Chairman for NBCUniversal Content Studios and will report to NBCU CEO Steve Burk. The reorganization is being carried out in preparation for Peacock’s launch, Comcast new streaming service, which is to be headed by Comcast Cable’s Matt Strauss.

According to Burke, Hammer was chosen for her ‘strong track record of generating popular and award-winning programming,’ whereas Strauss was selected for his ‘great experience with video, digital technology, and streaming.’

The new appointments are nothing new however. Earlier in January, Hammer was given the position of streaming operations, while NBC Sports Group’s Mark Lazarus was given a bigger role in cable.

Comcast’s NBCUniversal Restructures Its Hierarchy Ahead of Peacock Streaming Launch

2. Lyft Helps Drivers With New Reward System

Lyft recently launched a new ‘driver rewards system’ for their drivers. The system is now live in certain US cities, and was designed to assist drivers manage their daily earnings and workflow.
It also offers many improvements over Lyft’s usual system which only tells drivers about ride-requests and offers them the option to either accept or decline them. In contrast, the new rewards system will allow certain drivers to know how far they will need to drive, how much fare they can expect to receive and how much time they will need to spend driving.

The only downside is that these features will only be available to drivers who have reached Lyft’s ‘gold tier.’ For those who could only reach the lower tiers of the program, however, there are other rewards, such as a 4% cash back on gas when using a Lyft debit card and a $5 cash back for every 500 points achieved in the reward system.

3. Apple’s macOS is Now Available

Apple’s new macOS, Catalina is now live and is available as a free software update. The new OS offers the latest Mac versions for Apple Music, Apple TV and Apple Podcasts as well as Sidecar, a special feature which extends a Mac desktop using an iPad as a secondary display or a tablet input device that has Apple Pencil with Mac apps.

For those who want to add iPad apps to Mac devices, Catalina also features the Mac Catalyst, which allows third party developers to transfer those apps to their Mac devices. Finally, Catalina also allows users to enjoy all of their iPad apps in the latest Mac versions, including Twitter, Post-It, Jira, Tripit and GoodNotes, and it also offers Apple Arcade, Apple’s new gaming subscription service.

4. Tesla Delivers 97,000 Vehicles in 3rd Quarter; Falls Short of Target

Elon Musk had said that Tesla will be able to deliver 360,000 to 400,000 vehicles to consumers in 2019. Unfortunately, reaching this goal remains a difficult challenge.

According to their third quarter report, Tesla only managed to deliver 97,000 cars during this period. The total deliveries include 79,600 Model 3 vehicles as well as 17,400 Model S and X cars. In order to reach their year-long goal, however, Tesla will need to complete over 105,000 vehicle deliveries during the fourth quarter.

Although Tesla’s third quarter reports are impressive, it still falls short of achieving investor expectations. Tesla’s deliveries are used as proxies for sales, and a guide for understanding Tesla’s performance across different periods. So although the company’s third quarter data is certainly impressive, investors are wondering if Musk has what it takes to meet their expectations by the end of the year.

5. Alphabet’s Waymo to Map Out LA

Alphabet-owned Waymo is 3-D mapping Los Angeles, its infrastructure and its traffic congestion levels to see if it can operate there. The mapping team consists of a small fleet Chrysler minivans to gather data and analyse how Waymo may be integrated into LA’s transportation environment and offer new innovative solutions to traffic problems.

Although Waymo has no immediate plans to launch its services in Los Angeles, the mapping process represents the first major step in finding a location that could best serve its needs, and such expansions will not be out of the ordinary. Waymo is currently expanding into several states, including Florida, California and Michigan, mainly to test the capabilities of their autonomous driving technology.

Unfortunately, commercializing Waymo’s services is taking longer than expected, and the company can only sustain a full live fleet of vehicles in Phoenix, and even then, the vehicles are still maintained by human operators.

6. Wallstreet Analysts Slashing Netflix Forecasts Ahead of Possible Weak Earnings Report

Wallstreet analysts are slashing their forecasts for Netflix ahead of the company’s third quarter earnings report due to increasing competition and slow subscriber growth. Goldman Sach analysts, in particular, believe that subscriptions are falling ‘modestly below guidance’ whereas UBS is citing weak international growth as a cause for concern. Consequently, both firms have reduced their target price for Netflix stocks.

On the bright side, there’s news that Netflix may have a strong fourth quarter due to additional content line up, such as The Irishman and older favorites like The Crown. Some analysts believe that the new shows could potentially bolster Netflix’subscriber growth numbers as well as offer protection against increasing competition.

7. Activision Blizzard’s Complicated Political Balancing Act

Activision Blizzard is currently on hot water as it tries to navigate an increasingly complicated political situation. Ever since the company suspended one of its players from an e-sports competition over certain pro-Hong Kong comments, it has been on hot water.

The suspension was seen as an attempt to pander to Chinese authorities, and consequently, sparked a backlash from pro-Hong Kong protestors, including several groups in the US who are calling for a boycott. In fact, #BoycottBlizzard became one of the top trending hashtags on Wednesday.

The latest casualty in this political drama is the company’s ‘Call of Duty Mobile,’ which is still waiting for approval from the Chinese government. Expanding into the Chinese market would significantly boost sales for the new game, but the banning controversy is complicating Activision Blizzard’s plans.

Gains of up to 403% from our Free Newsletter.

Here are sample stock gains from the I/O Fund’s newsletter --- produced weekly and all for free!

+344% on Nvidia

+403% on Bitcoin

+218% on Roku

*as of March 15, 2022

Our newsletter provides an edge in the world’s most valuable industry – technology. Due to the enormous gains from this particular industry, we think it’s essential that every stock investor have a credible source who specializes in tech. Subscribe for Free Weekly Analysis on the Best Tech Stocks.

If you are a more serious investor, we have a premium service that offers lower entries and real-time trade alerts. Sample returns on the premium site include 324% on Zoom, 601% on Nvidia, 445% on Bitcoin, and 4-digits on an alt-coin. The I/O Fund is audited annually to prove it’s one of the best performing Funds on the market with returns that beat Wall Street funds. 


More To Explore


Palantir Stock Surges From Artificial Intelligence Platform

Palantir’s Q4 earnings confirmed an acceleration in its US commercial business as it closed out its first GAAP profitable year. Shares are reflecting the optimism surrounding Palantir’s commercial seg

February 20, 2024
AI Chip

AI Driving Acceleration For Big 3 Cloud Stocks

Big Tech’s participation in the market’s push to all-time highs is becoming increasingly narrow, with Nvidia, Meta, Microsoft and Amazon serving as the primary contributors to 2024’s rally.

February 13, 2024
Apple Can't Save This Tech Rally

Apple Can’t Save This Tech Rally

In this article, I lay out both the bull and bear cases for 2024 and beyond. Interestingly, both are calling for a level of volatility in 2024 that will, at least, retrace the rally we’ve seen since N

January 31, 2024
Coinbase, Robinhood: Examining The Impact Of Spot Bitcoin ETFs

Coinbase, Robinhood: Examining The Impact Of Spot Bitcoin ETFs

The SEC approved nearly a dozen spot Bitcoin ETFs on January 10 in what was heralded as a “watershed” moment for the crypto industry, opening the door for investors to gain exposure to Bitcoin without

January 30, 2024
Tesla Store

Tesla Q4 Earnings Preview: Margins Likely To Slip Again

Tesla’s Q4 earnings are on tap after the market close on January 24, closing up a year in which aggressive price cuts helped the automaker top Q4 delivery estimates reach a new record and narrowly bea

January 23, 2024
Social Media Stocks: One Metric Shows Meta's Clear Leadership

Social Media Stocks: One Metric Shows Meta’s Clear Leadership

Social media stocks Meta (META), Pinterest (PINS), and Snapchat (SNAP) enjoyed strong gains in 2023 as the broader ad market stabilized and fundamentals improved. Social media ad spend is expected to

January 16, 2024
Nvidia Building

Five Top Stocks Of 2023: Year In Review

The Nasdaq 100 capped off 2023 with a return of +53.8%, erasing 2022’s losses and recording its highest annual return since 1999. This year had countless winners, but 5 stocks surprised and shocked th

January 09, 2024
Ad Spending Growth to Accelerate in 2024

Ad Spending Growth to Accelerate In 2024

Ad-tech stocks have generally enjoyed strong returns in 2023, buoyed by a rather fierce tech rally. Ad spending growth showing initial signs of stabilizing in the back half of the year, with ad spend

January 01, 2024
My Firm called the Bitcoin's Bottom; Here is Where the Price Goes Next

My Firm called the Bitcoin’s Bottom; Here is Where the Price Goes Next

Bitcoin is susceptible to a noisy, bifurcation between bulls and bears with extreme statements, such as: “Bitcoin will go to a $1 million” or “Bitcoin is a ponzi scheme and will go to $0.” The truth i

December 21, 2023
Palantir Building

Palantir, Three Other Cloud Stocks Poised For An Acceleration In 2024

Cloud stocks have been a mixed bag for investors heading into the end of the year, as a handful of names — Confluent, Sprinklr, HashiCorp, Bill, Paycom — plunged following their earnings reports with

December 19, 2023

Sign up for Analysis on
the Best Tech Stocks
The I/O Fund specializes in tech growth stocks and offers in-depth research for Premium Members. Investors get access to a transparent portfolio of 30 positions, a private forum, webinars, and real-time trade notifications. Sign up for Premium.

We are on social networks

Copyright © 2010 - 2024
Get Free Weekly Analysis on the Best Tech Stocks