, whose shares are all up more than 20% over the past 12 months compared to 13% for the S&P 500.
Last week, Disney's push to disrupt itself with the Disney+ streaming service was a booming success, with more than 10 million day-one subscribers and a storm of positive buzz that the company will instantly achieve scale in a business created and dominated by Netflix . While he chalks this up to loose-money policies juicing growth over value stocks, it could just as easily be viewed as a market determination that technology-enabled intellectual property has greater enduring value than inert financial capital.In a less-remarked move in recent days, Nike ended its agreement to distribute shoes and clothes through Amazon – once viewed as a fast track to ecommerce scale.
The company's strong results, including 3.1% quarterly domestic same-store sales growth, ratified the strategy for sure. But did the stock reaction also raise the prospect that investors have been a bit too aggressive in upwardly revaluing these elite undisrupted names?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US officials repeatedly tout positive progress on China trade and the market still listensThe stock market has moved on virtually every U.S.-China trade headline for nearly two years. Hi There Are you looking for amazing offer now Contact Me: What a pain in the neck story. All year long listening this crap. Who cares this fakefuckingnews I'd bet money Trump and Kudlow have a broker in a room who they tip off to buy and sell stocks and options in advance of one of their fake announcements. Trump and his people have been saying the same thing for 2 years and still ... no deal. Why does market still stupidly listen?
Source: CNBC - 🏆 12. / 72 Read more »
The stock market's 10-year run became the best bull market ever this month, returning 468%The current bull market, which started March 9, 2009, has enjoyed a whopping 468% gain for the S&P 500 through the first day of November. RickSchmull Billionaires have never had it so good. The French aristocracy never saw it coming either. Time to sell Because The Fed has injected $ 4 trillion to money supply not because of US economic growth that has only grown by average of 1 percent annually. That's why President Trump bullies Mr. Powell
Source: CNBC - 🏆 12. / 72 Read more »
Jim Cramer: Cisco, enterprise tech stocks 'turned into market punching bags''The market wants nothing to do with tech companies that serve the enterprise, but ... it loves the consumer,' the 'Mad Money' host says.
Source: CNBC - 🏆 12. / 72 Read more »