Quarterly results: The logo for The Walt Disney Co appears above trading posts on the floor of NYSE. June-quarter results from Disney, CBS Corp and Viacom Inc will keep investors fixated on a rising wave of competition in video streaming against market leader Netflix Inc. — AP
SAN FRANCISCO: Quarterly reports this week from Walt Disney Co, CBS and Viacom will likely highlight increasing competition in video streaming and could spark volatility in the so-called communication services sector, which has outperformed since it was overhauled last year.
The S&P 500 communication services index has increased 20% so far in 2019, beating the S&P 500’s 17% gain and all but two of 11 sectors – technology and real estate. That strong performance is in large part thanks to a recovery by Facebook Inc, as investors bet that the world’s largest social network will keep growing, even as it faces regulatory hurdles.
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