Are there too many smart speakers? Sony ( (SNE) ) is entering the market with a new speaker that recognizes your gestures that also uses Google's voice assistant. Amazon ( (AMZN) ) became the first company to release a smart speaker with the Echo. Alibaba's ( (BABA) ) Tmall Genie X1 costs just $73. That's less than most of Amazon's Echo devices. Alphabet ( (GOOG) ) jumped in with Google Home powered by its own virtual assistant. Apple ( (AAPL) ) is releasing the Homepod featuring Siri. It also maps out the layout of your room to optimize sound quality. Samsung ( (SSNLF) ) is also using its own Bixby voice assistant in its smart speaker.
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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