Charter provides cable television, high-speed internet, and digital telephone services to communities across the United States. In May 2016, Charter acquired Time Warner Cable and Bright House Networks. Charter is the third-largest multichannel video program distributor in the U.S. John Malone's Liberty Broadband and Advance/Newhouse, the former owner of Bright House, together own a controlling minority interest in Charter.

On Tuesday, stocks passed their first test of the week with flying colors after a better-than-expected PPI print. The S&P 500 (SPX) popped 1.7%, the Nasdaq ripped higher by 2.4%, and the Nasdaq 100 jumped 2.5%. The indices are close to turning a number of short- to -intermediate-term technical indicators back to bullish, and quickly. It is now clear that the big downside reversal and weak close on August 7 was one of those nasty fake-out days that are so often seen at intermediate-term bottoms and tops. Technicians love these fake-out days and love even more that the reversal from recent panic lows is taking the shape of a 'V,' a favorite technical bottom (NOT!). From August 7 through August 13, the SPX jumped 4.5%, the biggest four-day gain since early November 2023, when the market was emerging from the July-to-October pullback. Since August 6, the index has seen daily gains of 1%, 2.3%, and 1.7%, which is pretty impressive. The bear flags that we thought might be developing on the major indices were blown up on Tuesday although we still might be working on a bearish wedge. But for that to happen, stocks would need to turn down very quickly. The SPX has climbed back above its 21-day exponential moving average (EMA) after losing it on August 1, and the five-day/13-day EMA crossover is very close to turning back to bullish as the index approached both a 61.8% retrace and the 50-day (which are in the 5,452 to 5,460 region). The four-day pop for the Nasdaq 100 is 6.4%, the best such run since November 2022 when the ETF (QQQ) was bottoming. The five-/13-day EMA cross is close to turning bullish, the momentum downtrend has been busted, and a 50% take-back at 463.50 is very near.

Charter is the product of the 2016 merger of three cable companies, each with a decades-long history in the business: Legacy Charter, Time Warner Cable, and Bright House Networks. The firm now holds networks capable of providing television, internet access, and phone services to roughly 58 million US homes and businesses, around 40% of the country. Across this footprint, Charter serves 30 million residential and 2 million commercial customer accounts under the Spectrum brand, making it the second-largest US cable company behind Comcast. The firm also owns, in whole or in part, sports and news networks, including Spectrum SportsNet (long-term local rights to Los Angeles Lakers games), SportsNet LA (Los Angeles Dodgers), SportsNet New York (New York Mets), and Spectrum News NY1.

Charter is the product of the 2016 merger of three cable companies, each with a decades-long history in the business: Legacy Charter, Time Warner Cable, and Bright House Networks. The firm now holds networks capable of providing television, internet access, and phone services to roughly 57 million US homes and businesses, around 40% of the country. Across this footprint, Charter serves 30 million residential and 2 million commercial customer accounts under the Spectrum brand, making it the second-largest US cable company behind Comcast. The firm also owns, in whole or in part, sports and news networks, including Spectrum SportsNet (long-term local rights to Los Angeles Lakers games), SportsNet LA (Los Angeles Dodgers), SportsNet New York (New York Mets), and Spectrum News NY1.