Jamie O’Donoghue
Aug 2 · 6 min read

Catch up with this week’s Five on Friday!

#Disney

Disney became the star of the show this week after its reboot of ‘The Lion King’ became the company’s fourth film of the year to hit the $1 billion mark, causing it to break all-time box-office records for a single year.

What does this mean?

‘The Lion King’, which drew attention upon release for its scene-by-scene fidelity to the original plot as well as its photorealistic CGI, passed the coveted billion-dollar milestone on Tuesday after only nineteen days in theatres. It now takes its place in Disney’s 2019 billionaire’s club, alongside ‘Captain Marvel’, ‘Aladdin’, and ‘Avengers: Endgame.’ ‘Toy Story 4’ is expected to join these ranks soon, having already grossed almost $920 million in its first five weeks. Having made nearly $7.7 billion at the international box office so far in 2019, Disney has surpassed its own records for a single year. This fact is doubly impressive considering the summer isn’t even over yet, and a spate of other potential blockbusters, including sequels to ‘Frozen’ and ‘Star Wars’, lie on the horizon.

Bet You Didn’t Know

For several years, Walt Disney held the patent for Technicolor, which made him Hollywood’s only animator allowed to make colour cartoons.

#HealthyRelationships

Big Tech representatives met with healthcare officials in Washington D.C. this week in the hopes of bringing more accessible health records to customers.

What does this mean?

Apple, Google, Microsoft and Amazon are hoping to work closely with some of the biggest health insurance providers and hospitals in the US. The ‘Big Four’ have a plan to provide consumers with easier access to all of their medical information through services such as Apple’s “Health” app. The group wants to start testing a set of technical specifications for sharing claims data through the cloud. This data would contain all the information that gets billed to a patient’s health insurance company, with these specs drawn up by the CARIN Alliance, a coalition of health and tech companies. A move such as this is unprecedented, not only because Big Tech are joining forces, but because it would contain a person’s relevant medical history all in one place, regardless of where a claim may have taken place. The hope is to ensure that in the future, customers will not be overcharged for insurance, and that they can receive appropriate care wherever they are.

Bet you didn’t know

Apple, Google, Microsoft and Amazon make up the top 4 most valuable brands on the planet (in that order).

#TopShop(ify)

It was another ridiculously successful quarter for Shopify, which just does not show any signs of slowing down.

What does this mean?

Early investors in the Canadian eCommerce platform Shopify must be pinching themselves as the company’s share price jumped 7.4% on Thursday following their Q2 reports. The company not only earned 14 cents per share, it also reported revenue of $362 million, surpassing the $350 million analysts had forecast. Founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake, the company has seen massive growth since 2012 with consistent year-on-year growth of roughly 100%, while more than 1 in 3 people in the US have frequented a Shopify powered store. Since MyWallSt made the company a top pick in September 2016, the stock price has seen growth of just under 700%. The future is looking bright for Shopify and its investors, as the company’s new fulfillment centers, the legalization of cannabis across North America, and ambitious leadership are helping them become a real thorn in the side of larger rivals such as Amazon and eBay.

Bet you didn’t know

Shopify founders Tobias Lütke, Daniel Weinand, and Scott Lake originally started the website as an eCommerce store for snowboarding equipment.

#EarningsOverview

Earnings season is still in full swing, and another slew of market-shaking reports were released this week. To help you get up to speed, sit back, relax, and enjoy ‘The Earnings Overview’:

The Good

Axos Financial — The online bank holding company surpassed analyst expectations, partly thanks to a 17.6% increase in its total assets.

Chegg — The education technology company beat expectations across all important metrics and acquired a record-breaking 2.2 million paying subscribers.

Imax — Growth in China and the continued success of ‘Avengers: Endgame’ led to higher-than-expected revenue for the cinema operator.

Markel Corporation — The so-called ‘Baby Berkshire’ continued its winning streak this quarter, reporting more than $1 billion in net investment gains in the first half of the year.

Mastercard — The payments giant posted better-than-expected earnings and revenue, citing an increase in gross dollar volume.

Paycom — The Oklahoma-based HR software firm beat Wall Street on its top and bottom lines.

Shopify — The e-commerce platform massively outpaced consensus estimates and lifted its full-year revenue outlook.

Texas Roadhouse — Despite feeling the sting of continued labor costs, the burger chain beat revenue expectations and matched on earnings.

The (Not So) Bad

Zendesk — The software company topped expectations but shares dropped following management’s warnings of some uncertainty in certain key markets.

The Ugly

2U — Shares tanked this week after the online education company posted a wider-than-expected miss and hinted towards future growth difficulties.

Fitbit — The smartwatch maker saw a year-on-year sales decline of 27% and lowered its guidance for the full fiscal year.

Under Armour — Slow growth in the North America region led to a disappointing quarter for the athletic apparel company, which saw it lower its full-year guidance.

#AndFinally

Burger King has once again proven itself to be a true leader in the meatless revolution. Back in April, the burger chain first rolled out its Impossible Whopper, supplied by meat-substitute company Impossible Foods. Impressively (and slightly disgustingly) the pioneering menu item was designed to “bleed” just like real meat. The launch, which was limited to a handful of restaurants in St Louis, proved highly successful, with customers reportedly unable to see or taste the difference. This week, Burger King unveiled the next step in its plan, which will bring the Impossible Whopper to an astonishing 7,000 locations across the United States, representing almost all of its stores in the country and more than half of its total global presence.

What does this mean?

If the public ‘bites’, then Burger King may be able to pride itself on playing a pivotal role in the departure of meat from the mainstream.

Bet You Didn’t Know

Burger King offers an extremely rare gold-hued loyalty card, called the Crown Card, which entitles its owner to a lifetime of meals. Sign us up!

The Week In Numbers

$3 million

is how much 16-year old Kyle “Bugha” Giersdorf won by being crowned champion at the first ever Fortnite World Cup.

$1.8 billion

is how much Amazon founder Jeff Bezos made this week by selling off shares in the company in the last 3 days of July.

$117 billion

is how much Google parent company Alphabet have accumulated in financial reserves to overtake Apple as the most cash rich company on the planet.

The Takeaway

We saw a conflict this week between the opposing forces of innovation and tradition. While Burger King — hardly a company known for shaking things up — is determined to change the landscape of meat consumption, and is receiving plenty of positive attention for doing so, Disney is breaking records by sticking to a venerable formula. The beloved film studio has worked out that the real money doesn’t always lie in original content, but rather in reboots, remakes, series instalments, and sequels, which make up pretty much all of its blockbusters this year. Meanwhile, it’s touching to see a degree of co-operating between the giants of Silicon Valley as they push towards creating a more healthier, high-tech America.

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MyWallSt operates a full disclosure policy. MyWallSt staff currently hold long positions in some of the companies mentioned above.

The MyWallSt Blog

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Jamie O’Donoghue

Written by

Content Specialist at MyWallSt

The MyWallSt Blog

Investing is for everyone, we show you how. MyWallSt is a multi-award winning company that helps you to become a confident and successful investor.

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