Ford Motor Company (NYSE:F) and Tesla Inc (NASDAQ:TSLA) are drawing negative attention, as both companies recall thousands of vehicles. Ford called back 634,000 SUVs worldwide due to fire risks, while Tesla is recalling over 80,000 China-made cars for software and seat belt issues.
The spotlight has already been on Tesla in recent months, amid Elon Musk’s Twitter takeover, making it a tough time for increased negative sentiment, though Citigroup praised the stock earlier this week. TSLA is inching 0.5% higher at $184.13 at last glance, eyeing a third-straight day of gains since its annual low of $166.18.
Ford stock is seeing muted price action as well, up 0.2% at $14.06 at last glance. Options bears are eyeing the stock after the news, however, with 79,000 puts exchanged so far today, which is double the intraday average. The December 14 put is the most popular, with new positions opening at the weekly 12/2 14-strike put.
Millions of Americans have “cut the cord.” However, consumers’ entertainment experience has ended up as a collection of one or more services that looks a bit like cable or satellite, without the cords.
That’s because the streaming model and what consumers desire are at odds. Streaming services need to capture as many eyeballs as they can with as much content as possible. However, many streaming consumers only want a fraction of that content. When you consider that consumers have to buy content from multiple streaming services, you can see how consumers wonder whether they actually save money at all.
Consumers don’t want to go back to the ways things were. There’s evidence that streaming companies will adapt to stand out in a sea of sameness. In this special presentation, we’re giving you our thoughts on seven streaming stocks that present investors with long-term opportunities.
Read More: Ford, Tesla Recall Thousands of Vehicles