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Wall Street Strategies has been providing independent stock market research since 1991 to individual, retail and institutional clients through a balanced approach to investing and trading. Charles Payne, our founder and chief analyst, is routinely sought after for his stock market, political,... More
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  • REMEMBERING THE PAST - By Charles Payne 0 comments
    May 19, 2014 2:24 PM | about stocks: DTV, T, CMCSA, TWX

    We continue to see the dance of the elephants on their way to that fabled graveyard. Of course, these behemoths have money and staying power, but seem to be taking the wrong steps to be relevant for the future. AT&T (NYSE:T) acquiring DirecTV (NASDAQ:DTV) isn't a sexy deal and it isn't a deal that makes a lot of people happy. Like in the Comcast (NASDAQ:CMCSA) and Time Warner (NYSE:TWX) deal, it seem like these wily mammoths are tiptoeing around the greater issue of where all the action is going.

    It's all about streaming; it's all about content and the ability to deliver it beyond cable and satellites. When it comes to dancing elephants, Wall Street's a dancing bear- me, too.

    On the flip side, new age media is having a great day as Apple is breaking out and Netflix is acting great. Last week, we learned Netflix is sucking up even more primetime bandwidth with its share leaping in the 7 to 11PM period to 34.2% from 31.6% during the second half of 2013. Interestingly, Twitch made the list and today it's being acquired for $1,000,000,000 by YouTube which saw a massive decline in usage to 13.19% from 18.60%

    Bandwidth

    Leaders

    NFLXYou TubeHTTPiTunesSSLBit TorrentMPEGFBAmazon VideoHuluTwitch
    Share34.2013.1911.653.643.423.402.151.991.901.741.35

    Overall, this session, coupled with Friday, shows that the market still has some spunk and even those high flying tech stocks, recently crushed, aren't ready to be buried yet. I think several are legitimate takeover targets, but I have to wonder- Can any of these old lumbering giants, with the cash, ever get hip enough to make such deals?

    Stocks: DTV, T, CMCSA, TWX
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