New vs. Nostalgia... Netflix fell 4.5% Friday after Disney's Netflix-killer was revealed: Disney+ (Mickey's shares hit a record high the same day). Disney's strength is its library of timeless hits: Star Wars, The Simpsons, Toy Story, and other OG titles. And just as Netflix raises the price for its most popular plan to $13/month, D+ arrives at a binge-able $6.99.
Fashion beat function... Under Armour dropped 4% on a single day after an annual survey showed people just aren't into it: UA's ranking dropped to 5th place in the basketball category and 7th in "casual." The report slammed UA for lacking innovation (too much ath, not enough leisure), just as Adidas signed Beyoncé as its creative partner.
Out of battery... Panasonic may pause plans to expand battery production at Tesla's Nevada "Gigafactory 1." Its investment in Elon's China-based "Gigafactory 2" could be off too. Tesla dropped 4% as investors worry the joint venture drama's a sign of uninspiring car sales.