It looks like AMC won’t be opening up its theater doors until the end of April at the earliest. While the company’s near-term outlook is dicey at best, Amobi said the stock is a compelling value at current levels. Prior to the outbreak, CFRA was projecting a 2.5% revenue decline in 2020 followed by a 1.3% gain in 2021. CFRA recently assessed the media and entertainment landscape in the wake of the COVID-19 outbreak, and analysts updated their takes on some popular stocks in the group. CFRA said companies that rely heavily on public gatherings and carry the most debt are most at risk, while others should have no problem navigating the current environment.
- MarketBeat has just released its list of 20 stocks that Wall Street analysts hate.
- After the pandemic’s peak, entertainment powerhouses efficiently slashed COVID protocols, providing a much-needed respite to investors.
- The company has shown it can sustain hit series and develop fresh ones, and the big mobile-gaming push could help take the business to the next level.
- The company also holds substantial equity stakes in many leading gaming companies, including Fortnite creator Epic Games.
Finally, though, the meme stocks have washed out (that is, returned to their pre-runup prices – or lower). Their fate was foreseeable because, like all stock market fads, the weak fundamentals “win” in the end. Coca-Cola has been able to increase its distributions for 61 consecutive years.
However, large-scale home confinement could be a major boost for Disney+, which launched back in November. Here are seven media and how to buy digital yuan, sell and hold, according to CFRA. The “right” industry is subjective to an individual’s investment time horizon, goals and risk profile. The S&P 500 has 11 sectors comprising 24 general industries and over 150 sub-industries. It helps to familiarize yourself with the stock market sectors on MarketBeat.
Entertainment Stocks to Buy: Drive Shack (DS)
Like I mentioned in the beginning, it feels like there will be a huge rush for people to get out into the real world again. If this happens, it might not be great for Roku in the short term. However, Roku’s business still has plenty of long-term potential. This makes it a great long-term option when looking at which Umarkets Forex Broker. Another thing to note is that there is a big shift in the advertising industry right now.
Now, no one can guarantee that their next picks will be as strong, but their 20 year track record continues to beat every other stock newsletter we follow. They do pick some losers, but the key for investors is to invest equal dollar amounts in all of their picks. So if you have $1,000 to invest in the market each month, buy $500 of each of their 2 monthly stock picks. New digital technology applications represent a key growth driver. Watch for companies that are using new technology to boost revenues and earnings. A disproportionately large percentage of Royal Caribbean’s customers are retirees, the age demographic that is most at-risk from COVID-19.
- The synergy between WWE’s flair for character-driven narratives and UFC’s roster of fighters positions Endeavor for unparalleled long-term success in the quest for the next iconic star.
- In this article, we discuss the 10 best entertainment stocks to invest in.
- Frankly, anyone could have filmed those streets as part of a backdrop of a zombie film without having to go through all the hassles and permits involved.
- Benzinga is covering every angle of how the coronavirus affects the financial world.
In the coming years, attendance and money spent on live entertainment will likely surge way past even 2019 levels. An investment in music doesn’t have to come in the form of a financial vehicle. Musical collectibles can be a solid place to invest money with which you’re willing to take some risk.
GameStop (GME)
Zynga has outperformed other top gaming stocks over the last five years and should keep the streak going. The growth opportunities are abundant in gaming, and at a forward price-to-earnings (P/E) ratio of 25, investors can own one of the top mobile game makers for an average market valuation. If you’re looking to buy stock in the entertainment industry, incorporating some of the top entertainment stocks could be the right move. Entertainment stocks might not be as volatile as oil stocks, but they’re not always as stable as, say, stocks in the grocery or energy business.
You can look at exchange-traded funds (ETFs) to spread your risk from investing in single stocks. ETFs trade like stocks but are like mini mutual funds that buy and manage a large basket of stocks that fit their theme. There are ETFs concentrated on the entertainment industry or in specific parts of the investment strategies entertainment industry. Professional fund managers manage ETFs, requiring less research and monitoring than individual stocks. It’s helpful to ensure good liquidity by sticking to ETFs that trade a minimum of two million shares a day. Entertainment has gone digital in a big way with e-sports leagues.
Latest Entertainment Stocks Dividends
Comcast’s Universal Studios postponed the release date of its upcoming “Fast and Furious” movie for another year, and the movie studio business could take a hit. However, Amobi says Comcast should make it through the shutdown just fine in the long term. Here are the pros and cons of investing in the entertainment industry. The entertainment industry is expansive but is constantly consolidating.
Should I Invest in Entertainment Stocks?
You can find stock candidates by identifying which segment(s) of the entertainment industry you wish to invest in first. Search for specific companies making news in mainstream media or start with a list like top-rated stocks to buy on MarketBeat.com and pull media and entertainment stocks. The video game industry comprises many smaller companies that work with larger publishers. These developers are companies that create the games, including the story, design, coding, testing and upgrades.
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However, what makes Penn Entertainment a particularly great entertainment stock is that it owns the Barstool Sportsbook. In 2020, many live sporting events were either canceled or had small crowds. If you’ve watched a game in 2022 then you know that arenas have been filled to the brim. One of the main ways that Live Nation forecasts its business is to look at ticket sales. According to Ticketmaster, this past June was North America’s fourth best month ever for transacted ticket volume.
Make sure you allocate the correct number of shares so that your eggs aren’t all in one basket and you don’t overleverage and risk getting a margin call. So you decided to take the plunge and invest in the entertainment industry. It’s essential to assemble an entertainment stocks list and prepare and research before pulling the trigger. These also include mobile games that can play on connected devices like smartphones and tablets. Game retailers have brick-and-mortar stores that sell physical copies of video games. Console manufacturers create video game hardware systems used to play video games.
Yes, you can invest in companies that participate in the entertainment industry. It’s just a matter of which entertainment segment you want to invest in, from film/TV to music, to books and video games. You can also diversify, let a professional handle it and find an entertainment industry-themed ETF.
Comcast has been criticized for having the lowest customer satisfaction ratings in the industry and violating net neutrality. The company has also weathered antitrust concerns since it owns both content production (NBC) and the means of distributing the content. Even so, Comcast’s common stock has grown in value in the last five years, while still retaining a very reasonable PE ratio. If that deal had gone through, Comcast would have been the largest media company in the world.
Even once travel bans are lifted, airlines will likely see their business return much sooner than cruise lines given there are plenty of reasons to fly other than vacations. Slumping demand in the near-term could trigger extreme pricing discounts, which could eat into margins and cash flow. Ensure you read the news and press releases at least once a week to stay abreast of any material developments. From here on out, it’s a matter of letting the stock move to a target price to sell or trim or to a stop-loss level to trim or sell the position. It doesn’t have to be daily, but stay aware of how it’s trading and if it’s nearing your price target or stop-loss levels.