Disney (NYSE:DIS): Every quarters it becomes clearer that Disney needs to do something to jumpstart subscriptions for its flagship sports network. ESPN has been faced with a huge obstacles that is cord cutting millennials no longer interested in watch live sports. Even those with an appetite for sporting events can now consumer in a streaming capacity through platforms like Twitter. Fortunately ESPN isn’t Disney’s only support system.
Disney also operates its namesake theme parks and a movie studio, both of which are performing remarkably well. Studio entertainment remains continues to strengthen with blockbuster titles such as Captain America earlier this year and Doctor Strange released last week. The success of these two sectors wont, as has been the case, eliminate the sour taste left in investors mouths following another weak quarter for ESPN.
NVIDIA (NASDAQ:NVDA): Semiconductors have been one of the strongest performing sectors in 2016 partially due to the rampant success of Nvidia. Quarterly results are almost certain to top expectations, it’s just a matter of how much. The chipmaker success has been tied to wider adoption of its GPUs not only by gamers but in high growth markets such as data centers, automotives and virtual reality.
It also hasn’t hurt that PC gaming is one of the highest grossing forms of entertainment with many gamers relying on high end chips produced by Nvidia. Some near term concerns include increasing competition, namely AMD, and unrealistically high expectations. If might be difficult Nvidia to meet analysts estimates this quarter which naturally hurt its stock.
Sodastream (NASDAQ:SODA): SodaStream has turned around its recent troubles thanks to a recent brand transformation that focuses on seltzers and waters as opposed to soda. The move has helped sure up demand and drive financial performance. Shares of the company are up 67.5% in 2016 and should continue to climb assuming earnings remain upbeat. SodaStreams continues to focus on water based products to support the top line while marketing campaigns and expansion into international markets will help boost sales volume.