The NFL Draft has definitely become big over the years. It used to be held in New York City for the past 50 years and then moved to Chicago and Philadelphia. Now, the NFL Draft is in Nashville and is hoping to expand the economy for the locals.
It is also said, that the NFL Draft is even big for Disney. Last year the NFL Draft had about 45 million people who tuned in. This year they are more prepared and excited.
A Year Of Firsts
It was mentioned that this is the first time that ABC and ESPN will air the NFL Draft. The economy of last year’s NFL Draft amazed everyone. More and more people are tuning in with every new season. Fox has none of the broadcasting rights for the Draft. ABC is more confident in expanding the NFL Draft. They are also interested in making it mainstream and to have more information and stories rather than just football statistics.
ABC is keen and invited Robin Roberts in an effort to make it mainstream. Earlier Fox was also involved in the NFL Draft and aired the first two rounds, but this year Fox has no contract with the NFL Draft. It has also been confirmed that ABC is ready to expand it with all the fans and those who are not fans. Making it big and increasing the economy is their aim. Now they are focusing more and more on human-related content.
The Idea Behind Nashville
Tourism is an important aspect in Nashville and they are going to turn this a big day event. Building an economy is also important and with the NFL by their side, it will be easy and also interesting to see the turn of events. There are many supporters of this decision on NFL in Nashville. They are ready to make it more grand and liberal. This will help to get more fans, a faster-growing economy and at the end of the day a successful event.
Even Wells Fargo (WFC) agrees. In a regional research report, Wells Fargo wrote, “The NFL Draft is bringing increased attention to the Nashville area, which has been one of the strongest economies in the country this decade.”
So, this has become quite the hot topic now. People are already bragging about the fun and the opportunities it created.
Netflix (NFLX) Stock Price Soars On Robust Q3 Earnings: What’s Next?
Netflix Inc (NASDAQ:NFLX) is quite impressed with its third-quarter earnings. The unveiled report indicates a 7% rise in the pre-market session. This time around, it was a case scenario of mixed results. This comprised of a rise in earnings and what the company has been quick to term a drop in domestic subscriber adds. Business analysts had earlier made their projections but it is clear they were wrong this time around.
A close outlook into the earnings
The third-quarter revenues rose to about $5.3 billion which according to analysts was representative of a 10% year-over-year growth. Analysts have been trying to explain how the company achieved these results. They pointed out to the streaming paid memberships that accounted for up to a year-over-year increase of about 19.2%.
Sources indicate that the business guru was able to add 6.8 million paid streaming members in its third quarter. This was impressive and at the same time promising at this point when business dynamics keep shifting from time to time. Market observers who had taken a close look at the company’s Q2 in 2018 were quick to congratulate Netflix for the uptick. During the time, the business giant had about 2.7 million paid streaming members. It is also worth noting that in the Q3 of 2018 the company succeded at adding 6.1 paid steaming members.
Netflix is doing well overall, but that doesn’t mean it doesn’t have any cause to worry. The modern time markets are undoubtedly very dynamic. Reports indicate that competition in this company’s streaming space may be escalating anytime soon. There have been instances of this streaming giant speaking out on the competitive environment out there.
Most of the investors have been following such talks keenly in a bid to see what works best for them. The competition expected to move into this space includes companies such as Apple Inc (NASDAQ:AAPL) and Walt Disney (NYSE:DIS). Investors look forward to seeing Netflix unveil its quarterly update. This will allow them to understand the management’s take on the moving in of the latest competitors.
The management acknowledges that indeed it is going to be tough with the entry of the business giants. However, the company will be counting on its large market opportunity and the strength of its service delivery.
Is Facebook (FB) Stock Price Rated A Buy After The Recent Fall?
Social media giant Facebook, Inc. Common Stock (FB Stock Report) remains one of the world’s biggest tech companies and the stock had been on track to have a great time before the company announced its Q2 2019 results. The stock had then climbed to all-time highs but after the announcement of the financial results, the stock dived by as much as 10%.
Fears about a global economic slowdown, the United States’ trade war with China and continued questions marks over Facebook’s conduct with regards to users’ data resulted in the drop. However, it needs to be reiterated that it does not mean that the stock is no good and in fact, some analysts believe that is perhaps the best time to buy.
Facebook Stock Price Volatility After Earnings
Although it is true that the company has stated that the rate of revenue growth is going to slow in 2020, it is important to point out that the company is still growing impressively. Facebook is still adding millions of users from all over the world in its social media website, Messenger, WhatsApp and Instagram.
On top of that, the company’s revenue on the advertising side is also rising consistently, which is why it is not a surprise that in Q2 2019, the company recorded a healthy year on year rise of 28% in revenues.
Can FB Stock Price Recover?
It is also important to point out that currently, Facebook has nearly 2.5 billion monthly users, while Instagram boasts of more than 1 billion users in the same metric. That being said, analysts believe that despite the significant drop in the stock price since the announcement of its Q2 2019 earnings, the Facebook stock is still not cheap.
On the other hand, the company still growing at a remarkable rate and perhaps the premium that has been put on the stock is not entirely illogical. Government issues, privacy scrutiny, and other issues will continue but the company still has a lot of positives.
Is The Road Ahead Sweet For Starbucks Stock Price?
Starbucks stock price delivered a total return of 170% over the past five years. That’s thanks to the opening of new stores and increased sales at the existing ones. The future of the company doesn’t seem disappointing either with plans of expansion in China and digital initiatives.
Even though the US has been the largest market for Starbucks along with being the most profitable one as well, the growth in the market is little. The company is thus looking at other markets – China to be specific- for its primary growth driver. The market in China remains unexplored with most of its 1.4 billion population drinking tea.
With the view that China grows to a larger market than the US market, Starbucks is opening restaurants in the country at a pace considered aggressive. We’re talking 600 stores annually or one store every 15 hours. The company, however, faces tough competition in the Chinese market from Luckin Coffee which is the country’s famous coffee chain.
Who Could Profit From Starbucks Growth?
There’s no question about it when companies like this grow, there’s likely opportunity for others to capitalize. But when it comes to coffee, besides the bean growers, who might benefit from growth like this? Well, think about how you get your coffee.
Do you go to Starbucks every day or….by chance…do you get delivery? Chances are you’re like me and have yours delivered. Where many of the on-demand delivery companies like DoorDash or Postmates aren’t currently public, there are some companies to pay attention to.
Uber, unfortunately, may be on the backburner for now. The company has leveraged multiple operating arms and recent financials weren’t promising. Companies that “stay in their lane” have become a focus. Grubhub (GRUB) for example, has held a near 100% increase in share price from just 5 years ago. At one point, GrubHub stock price skyrocketed to highs of nearly $150 a share.
But that was then and this is now. Other companies are taking a lean approach while also extending their businesses to benefit from the likes of Amazon and others. ParcelPal Technology (PTNYF) (PKG) is one of these companies and it’s trading at a fraction of GRUB, UBER, and other delivery stocks.
ParcelPal (PTNYF) (PKG) created an on-demand marketplace where customers can shop for anything from food to clothes. There is no more waiting in line for lunch or rushing to the store after work to grab your clothes. With ParcelPal on-demand, customers simply shop from the app, choose the items they want, and pay.
As the marijuana industry evolves, new opportunities have come about. One of the bigger deals closed in 2019 was between ParcelPal (PTNYF) (PKG) and Yield Growth! The deals form an alliance between the two companies for same-day and on-demand delivery, sale, of hemp-based cosmetics from Yield Growth’s subsidiary Urban Juve in Canada.
Urban Juve hemp products currently sell in over 90 locations including well-known pharmacy chains across North America, with a plan to expand that to 130 retail outlets in the near future.
Customers will be able to track their purchase in real-time and have their product delivered to any location they specify. As time and regulations allow, ParcelPal’s cannabis network will continue to grow, with the goal of capturing a major piece of Canada’s $5.2 B legal cannabis market.
Does The Next Half Decade Map Out Profitably For Starbucks?
Growth like this could open opportunities for continued success for not only Starbucks but the ancillary companies that can take advantage of this growth. By the end of Q3, the total number of Starbucks’ stores in China reported an increase of 16% year-over-year to 3,900 locations, while the comparable store-sales increased by 6%.
These figures imply the company’s expansion of store base as well as consistent sales production in the existing ones. Forecasts suggest that there would be more 3,000 new stores in China by the next five years, provided things continue to go as smoothly.
The digital initiatives taken by Starbucks are also proving to e quite profitable. In Q3, the active members for the company’s reward program in the US increased 14% year-over-year to 17.2 million members. The company’s digital loyalty program is also helping boost the sales not only in the US but also in China which now has active rewards members to the count of 9 million. The 9 million members are a year-over-year increase of 36%.
The coffee giant further expanded its partnership with Uber Eats with the aim of rolling out delivery throughout the US. For delivery services in China, the company has a partnership with Chinese e-commerce giant Alibaba that has successfully covered 2,900 of Starbucks’ stores across 80 cities in the country. The deliver sales are reported to contribute 6% of the company’s total sales in China in Q3 andy the figure is set to rise in the future.
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