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Earthquakes And Hurricanes Shook Things Up In August, But This Is Sep Now,There Are Tons Of Manmade Events Which Will Shape The Market In The Approaching Weeks.
Earthquakes and hurricanes shook things up in August, but this is Sep now.
There are plenty of manmade events that will shape the market in the approaching weeks.
Here are a couple of the days that I plan to approach with eyes totally open this month.
Sept. 1
The most significant month -- ever -- for Netflix (Naz : NFLX) starts today. Of course , this is the month where its existing subscribers will start paying as much as sixty percent more to stream video and receive optical discs by mail.
It's a defining moment for the service, and one that will either find the company validating its model with chunkier margins to boot or leave Netflix scrambling to cope with a dramatic uptick in churn.
Subscribers will start paying the new rates thru their Sep billing cycle, so we should know where things stand shortly after the end of the 3rd quarter.
Netflix is upbeat. It sees 22 million of its twenty-five million U.S. Subscribers paying $7.99 a month to stream from its growing digital library, and virtually half its users paying for both the streaming and DVD plans. How sticky is Netflix? We are about to discover.
Sept. Thirteen
Best Buy (NYSE : BBY) reports its economic Q2 leads to two weeks. This used to be a joyous event for growth financiers, but the consumer electronics giant has shorted out lately.
Best Buy has delivered 3 consecutive quarters of year-over-year declines in comparable-store sales and profits. Researchers aren't all that thrilled about the roaming retailer this time. They see Best Buy checking in with a profit of $0.54 a share, well short of the $0.60 a share it posted a year ago.
The success of more limber online shops offering better pricing and the digital revolution that's replacing the requirement for physical CDs, DVDs, books, and video games are making life harder for Best Buy.
Sept. Thirteen is also the time when Nintendo will be hosting a 3DS event in Tokyo for researchers and backers. All eyes are on the Nintendo game forerunner after a desperate 32% price cut on the handheld system that it had introduced just 5 months earlier.
Shares of Nintendo latterly hit a five-year low, so any good news will be welcome. Nintendo will likely be hyping up new 3DS software titles that will be out before the holiday shopping season. Rumors are circulating of a radical revamp, but that appears unlikely since it might crush any holiday momentum that the August price cut may have made. New games and peripherals are the better bet, and even then Nintendo is still going to have a hard time against the improving quality of smartphone games that are practically being given away.
Sept. Twenty-two
There aren't too many takings reports slated for Sep, but a vital one will come from FedEx (NYSE : FDX) in 3 weeks.
Even if you're not an investor, FedEx's financials carry a good deal of business weight. If corporations are sending more documents and parcels around -- and patrons aren't fretting about paying a bit more for fast deliveries -- the economy can not be doing all that badly.
Researchers expect FedEx to earn $1.52 a share for the quarter, a good 27% improvement over last year's showing.
Sept. 23
Few take earthly radio giant Clear Channel (OTC : CCMO) seriously when it comes to online streaming, but that will change in 3 weeks.
Clear Channel is hosting a two-day music holiday -- bringing some of the industry's largest recording stars including Jay-Z, Coldplay, and Woman Gaga to Las Vegas -- to introduce the updated iHeartRadio app.
Clear Channel's existing app is pretty popular. It offers smartphone owners free streaming access to 750 different rock radio stations from every area of the country. Nonetheless Pandora (NYSE : P) -- and to a smaller extent Sirius XM Radio (Naz : SIRI) -- will want to be listening when some of the new features are introduced.
"The new version is everything you need in one place," Ryan Seacrest provoked during July's holiday statement.
"Real radio stations from towns across the nation, and coming shortly custom radio like Pandora but with more songs, more control, and no commercials thru the end of the year."
Commercial-free streams from terrestrial radio? Things are on the point of getting fascinating here, writes tagza.com. Cooking with Liz ~ SUPERMOIST BANANA CAKE WITH A STICKY SUGAR & CINNAMON TOPPING