Daily Update

Daily Brief 12/9 – $T Stock finally moves and $550 headphones

HBO Max and Peacock: AT&T CEO, John Stankey, speaking at an investment conference highlighted that HBO Max added about 4 million new users in less than 3 months, putting subscriber count at 12.6 million. Against all odds, AT&T’s stock made a jump Tuesday on the news. CNBC also released a good piece last Friday on AT&T and its strategy with HBO Max.

Source: Koyfin

Comcast also announced that it has 26 million subscribers, up from 22 million in October. However, Peacock is free and has ads. Comcast meanwhile was down 1% on Tuesday.

Per Bloomberg some industry context, “The two media conglomerates are playing catch-up in a streaming industry with more entrenched players, including Netflix, Disney and Inc. Netflix has 65 million subscribers in the U.S. alone, and many more overseas. And Disney has a trio of services — Disney+, Hulu and ESPN+ — that it sells as a bundle.”

Apple Launches Headphones: Apple launched its first over-ear headphones, deciding to enter a competitive market dominated by Bose and Sony and to continue the company’s push into accessories. The new headphones go for a meager $550.

Per CNET, “The popularity of AirPods have helped turn them into one of the company’s biggest recent hits. AirPods represented 35% of all wireless earbud sales in the spring of this year, according to surveys by Counterpoint Research. Apple’s AirPods are also the most popular in the market, followed by earbuds from Xiaomi, Samsung and Jabra.

By charging $549 for its new AirPods Max headphones, Apple is betting that customers will be drawn in by the memory foam ear cups and fold-flat design to choose them over other popular devices including Bose’s noise-cancelling headphones, which start at $380 and fell to $300 on Black Friday.”

The good news is that these headphones are only half the price of a Peloton bike so they’re a steal!

Charts and Tweets we like:

Investment grade bonds now yielding less than inflation expectations. Thanks Jay Powell!

Americans are paying off their credit card debt

Dividend economies and markets

Equity melt-up

Still a lot of cash on the sidelines – chart courtesy of @jsblokland

Americans’ willingness to receive Covid vaccine is increasing

Recovery completed among different industries

That’s your millennialmkts update! Thanks for reading, if you like this content please consider following this blog and following us on twitter @millennial_mkts

Posts are not investment advice or endorsements.

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