Streaming video is one of the fastest growing industries as “cord-cutting” consumers continue switching from TV networks to Web-based content. Amazon (AMZN) and Netflix (NFLX) were early market leaders and are widely expected to continue growing in the streaming market. Today’s Screen Of The Day is Estimate Beaters, stocks that beat earnings-per-share estimates by the widest margin in the latest reported quarter. Amazon absolutely crushed EPS
Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google (GOOGL) are now being referred to as “FANG,” and they are sharpening their teeth in this volatile market. The four Internet giants are leading the market’s rally as they have now clawed their way back from this week’s sell-off, erasing all of their losses from the last several sessions. Facebook was up 1.6% in above-average volume in the stock market today. It’s nearing its 50-day line and is
Amazon (AMZN) is taking its streaming video rivalry with Netflix (NFLX) to Japan, announcing late Wednesday that it will launch Prime Instant Video next month. Netflix had said earlier this month that it would launch in Japan on Sept. 2. Meanwhile, Amazon reportedly is scaling back its hardware efforts after its Fire smartphone last year failed to make a dent vs. the Apple (AAPL) iPhone and Google (GOOGL) Android devices. Amazon, which has