The company provided a secondary nugget that the pay-TV business faced even greater cord-cutting pressure.
Investors should expect 2018 EPS cuts.
Hidden within a warning for Q3 earnings, AT&T (T) detailed more weakness in the pay-TV segment. My research previously warned investors of troubles ahead as the NFL protests would only further hit a segment in decline.
Capital returns provided strong tailwinds for the stock.
Citigroup offers the best yield in the large financial sector.
Prior to the open, Citigroup (C) reported another quarter of solid earnings, backing up my long-held investment thesis that the financial was a huge value. During the quarter, the large financial ramped up capital returns, providing a large tailwind that the market keeps fighting.
Facebook provided Congress with data on Russian accounts that advertised on the platform.
The scope and impact of the Russian ads are very minimal.
The costs of additional ad reviewers is easily absorbed by the platform.
Facebook (NASDAQ:FB) continues to face government and potentially regulatory pressure from allowing Russian ads that attempted to influence the 2016 U.S. elections. The stock has struggled to gain momentum in the last couple of months, making one question whether trouble is looming ahead.