Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Boeing (BA) beat out Airbus to sell $27B worth of its 737 Max 8 planes to Flydubai. The deal is a blow to Airbus, which was expected to split the order with Boeing, but not to be left out, Airbus just secured the biggest deal in its history, selling nearly $50B worth of its A320neo jets to Indigo Partners. That firm controls low fare carriers like Frontier Airlines and JetSmart.
Time Inc. (TIME) is in the spotlight. It announced it will be launching a subscription streaming service for Sports Illustrated. The service will cost $4.99 a month and will start only on Amazon Channels. Sports Illustrated is prepping over 130 hours worth of content for the new channel but it will not offer any live sporting events. Meantime, Amazon (AMZN) has decided to scrap plans for a bundled streaming service for popular U.S. broadcast and cable networks. According to Reuters, Amazon wasn’t able to convince networks to cut old business models in exchange for its a la carte channel service.
Square (SQ) is upping its Bitcoin game. Right now, select Square Cash customers can buy, sell and hold Bitcoin. However, the app DOES NOT let users make payments to friends with the cryptocurrency, which is the service’s primary function. Square says cryptocurrencies will have a big impact on how people participate in the global economy and is working on making the process faster and easier.
Tencent (TCEHY) reported a nearly 70% jump in third quarter profits thanks to strong growth in its video game business. Tencent’s stock has more than doubled in price over the past year, valuing the company at $470 billion dollars. Tencent is growing by expanding efforts in social media, video games, and by investing heavily in companies like Tesla and Snapchat.