While most cable-TV operators, and both satellite-TV providers, are grappling with accelerating subscriber losses, Comcast (CMCSA) continues to add customers to its video service, called X1, arguably the most advanced set-top box on the market. The device, which allows the viewer to more easily search for shows and movies, has been adopted by more than 50% of its subscriber households, the first time a majority of its customers are using the X1.
By year's end, Comcast expects the X1 to have been installed 60% of its user's homes, Finance Chief Michael J. Cavanagh said in an investor conference call.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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