Stock Market Today: What To Know On January 29, 2020
If there’s one thing to know right now it’s that earnings season is in full swing. Big names like Apple, Tesla, Facebook, McDonald’s and Boeing are due out with results. There are thousands more coming as well. But with the coronavirus continuing to raise eyebrows, some of the excitement has been numbed. The death toll has now increased to over 130. But Wednesday could bring a different kind of focus.
Comcast Is Betting Big On The Streaming Business
The end of 2019 saw the formal launch of the so-called ‘streaming war’ as new services were launched. This brought a new challenge to the hegemony enjoyed by Netflix Inc (NASDAQ:NFLX). New streaming products are set to launch in the coming months. One of the more interesting ones is Comcast Corporation’s (NASDAQ:CMCSA) Peacock.
Is Disney The Best Long-Term Investment in the Streaming Sector?
While it is true that millions of investors believe in trading in stocks, it should be noted that there are certain stocks which are meant for holding term. If they are held over the long term, then such stocks have the capability of creating enormous wealth, and Walt Disney Co (NYSE:DIS) could well be such a stock.