Software stocks are surging in Wednesday trading, with one analyst highlighting that the U.S. election results thus far suggest a divided government, which reduces the potential for corporate tax hikes.
“While the election was NOT going to be a major issue fundamentally for software no matter the outcome, the current forecast for a split government takes the risk of higher corporate taxes off the table (for now) and we expect that the focus can shift back to long-term fundamentals (positive), valuations relative to interest rates (mixed), and some of the key themes/topics for CY21,” Evercore ISI analyst Kirk Materne said in a Wednesday morning
is raising the monthly subscription fees for its standard and premium plans. A standard subscription, the most popular Netflix offering, will now cost $14 a month, or $1 more a month than before. A premium subscription — which unlocks 4K resolution and HDR, along with an increase in the number of screens you can simultaneously stream from — will now cost $18 a month, a jump of $2.