SAMSUNG ELECTRONIC KRW5000 (SSNLF) Board Meet Tomorrow and AT&T Inc. (T) To Launch Over The Top Service

European markets currently trade in red ahead of OPEC meeting. Some of the Asian markets like India and China, and Hong Kong closed in green while, Japan closed in red. Crude Oil is currently trading higher. Traders are betting on OPEC slashing output in Wednesday’s meeting. Last week, Saudi Arabia backed out and Libya has also followed the suit. Venezuela’s oil minister will meet his Algerian counterpart later today. Crude Oil is currently trading at $46 per barrel.

SAMSUNG ELECTRONIC Board meeting tomorrow

SAMSUNG ELECTRONIC KRW5000 (OTCMKTS:SSNLF)’s board will be meeting tomorrow. The company is under pressure from Elliott Management to split itself in two parts. SAMSUNG ELECTRONIC KRW5000 (OTCMKTS:SSNLF) is going through turbulence. The company had withdrawn its Galaxy Note 7 smartphone due to fire from the market. The expected loss of recall will be around 6.1 trillion won over next three quarters.

Black Friday sales rock

Adobe Systems Incorporated (NASDAQ:ADBE) announced that Online sales went up by 17.7% to $5.27 billion this year during Black Friday and Thanksgiving Day. The company also stated that Black Friday saw sales of $3.34 billion which was up by 21.6% from last year. Apple iPads, Samsung 4k TVs, Apple MacBook Air, LG TVs, and Microsoft Xbox were the top five electronic products sold on Black Friday. According to Adobe Systems Incorporated (NASDAQ:ADBE), 45% of sales happened through smartphones while, 10% through tablets.

Launch of DirecTV Now

AT&T Inc. (NYSE:T) is all set to launch over the top video service. The name of the service is DirecTV Now. The service will cost $35 per month with 100 live streaming television channels. The company has reached a deal with Twenty-First Century Fox Inc (NASDAQ:FOX) and Walt Disney Co (NYSE:DIS). yet, AT&T Inc. (NYSE:T) has not announced any sort of deal with CBS Corporation (NYSE:CBS) for content partnership.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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