Look for telecom M&A to be on hold until the 2016 conclusion of a government auction of radio spectrum now owned by TV broadcasters, which could raise up to $60 billion if cable TV firms or Google (GOOGL) take part, says Moody’s Investors Service. Telecom acquisitions will die down after a busy 2015, in which AT&T (T) acquired DirecTV Group, Verizon Communications (VZ) sold wireline assets to Frontier Communications (FTR) and regulators thwarted
In a market correction, even leading stocks usually succumb. Facebook (FB), Google (GOOGL), Palo Alto Networks (PANW) and Salesforce (CRM) are all tech leaders, but they stocks fallen below a critical support area. All four stocks are part of IBD’s Young Guns Screen of the Day — top-rated companies that have come public in the last 15 years. Younger companies are more likely to be big stock winners. Facebook (CR 98), Google (CR 96), Palo Alto
Comcast on Tuesday launched its Watchable short-form, streaming video service with an app for Apple’s (AAPL) iTunes store. Comcast’s (CMCSA) ad-supported video streaming service targets millennials and YouTube-type audiences. Google (GOOGL) reportedly is readying a subscription music and video service with an ad-free version of its YouTube. Some observers speculate Comcast, which owns NBCUniversal, could also make an NBC on-demand app available