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Media Stocks Obliterated

edited August 2015 in Off-Topic
After Disney's quarter, much concern about people leaving cable and watching online.

Disney down another 5%, Fox -11% (about 52 week low), Viacom -20% (52 wk low and WAY off the high), Time Warner -5% and that's just today, significant losses in these names and others in recent days. Discovery -12% yesterday, about at a 52 wk low, Scripps Networks (which I believe is Food Network/Travel Channel) at 52week low.

Comments

  • edited August 2015
    I see a lot of small cap biotechs down 5% to 10% today including two I held as recently as last week. I am down to only one now (IG) and may well get shaken out of that today. Heavens forbid if we have a negative reaction to tomorrow's employment report.
  • edited August 2015
    Junkster said:

    I see a lot of small cap biotechs down 5% to 10% today including two I held as recently as last week. Heavens forbid if we have a negative reaction to tomorrow's employment report.

    Apple down, cyber security stocks down, Keurig -30% (perhaps coke shouldn't have made that investment in them - was $158 last November, now $52), biotech down, media stocks wrecked.

    Obviously not technical in nature or anything beyond a feeling, but market feels as if there's considerable underlying unease.
  • IBB is down 3 - 4%, SBIO is down more than 4 %...
  • i myself just cut the cable cable, eventho at the end cox offered to let me keep what i had for just $5 more / month than internet alone, but i hate my cable co so much for past dastardly deeds that i said to hell with them. in this regard, i think the ranks of likeminded folks is rising fast and furiously. the cable folks are reaping what they sowed.
  • edited August 2015
    linter said:

    i myself just cut the cable cable, eventho at the end cox offered to let me keep what i had for just $5 more / month than internet alone, but i hate my cable co so much for past dastardly deeds that i said to hell with them. in this regard, i think the ranks of likeminded folks is rising fast and furiously. the cable folks are reaping what they sowed.

    Get Netflix and/or Hulu and a Chromecast if you use your phone a lot. I also just got rid of cable.
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