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  • Walt Disney Co. (DIS) shares Down After Hours Amid Investor Frenzy Over Growing Concerns

    Shares of the entertainment behemoth, Walt Disney Co. (DIS) suffered a downtrend in the after-hours on April 19. The stock fell below its 52-week low of $126.82 a share to reach $126.35 in the late trading session. Plunging by 4.21% in the after-hours, DIS had increased by 3.23% in the prior session.

    Source: Corporate Finance Institute

    This downfall came from growing fears among the investors as streaming wars continue to escalate while the company itself is surrounded by a puddle of mud.

    What is Happening?

    According to a report on Bloomberg, Florida Governor Ron DeSantis asked the state’s legislature to consider terminating the special privileges of Walt Disney. This dispute stems from the fact that it has been increasingly indulgent in the partisan political fray.

    Known for family-friendly movies, television shows, and theme park rides, the brand had spent decades avoiding any kind of controversy. However, lately, the magic kingdom has been showing signs of being infected with real-world ugliness. While usually political divides brought the fairytale land into controversy, other times it willingly waded into cultural issues.

    The latest dispute has been ongoing over the fact that the behemoth announced its theme parks as gender-neutral, firing up the “Don’t Say Gay” labeled law. The dispute escalated to DIS being in the crosshairs of many including the Florida governor. Thus, now it threatens a 55-year-old law that enables the company to essentially function as its own municipal government.

    Market Frenzy to Contribute

    On top of the dispute and possible termination of the special privileges of the company, the market frenzy over NFLX’s earnings also contributed to the downfall. After the bell on Tuesday, the streaming giant Netflix posted quarterly earnings. The earnings caused a frenzy among investors as for the first time in a decade NFLX lost subscribers. With increasing competition amid rising inflation, investors now fear for most of the streaming services that charge a good sum. Subsequently, most streaming stocks including SPOT, PARA, WBD, etc. fell down in the after-market session.

    What’s Next?

    As per an article on The Street, DIS’ special district is expected to dissolve in June 2023. While this may cause a blow to the company in addition to the increasing competition for its streaming services, the company has much in plans to ensure growth.

    In its latest earnings, the company posted record revenue and operating profits despite global travel issues and the Covid-19 pandemic. Since the pandemic impacted its operations two years ago, Disney is now set to launch its biggest ride as its 50-year anniversary approaches.

    The picture will become much clearer when the company posts its next earnings on May 11, 2022.

  • Early Morning Vibes: Check Out These 3 hot Stocks Right Now

    Early Morning Vibes: Check Out These 3 hot Stocks Right Now

    On February 10, American stock exchanges closed without significant changes. The S&P 500 index fell by a symbolic 0.03%, to 3910 points, the Dow Jones added 0.20%, the NASDAQ lost 0.25%. During the day, losses in the S&P 500 reached 0.6%, but its weakness was temporary. There were no new drivers of movement, but optimism about fiscal stimulus remained heightened. The cyclical consumer goods sector looked noticeably weaker than the market (-0.94%) due to Tesla shares, which fell 5.25%.

    Company news

    Twitter (TWTR: + 13.2%) beat consensus on revenue and EBITDA, but below-expected audience growth.

    Taxi Lyft (LYFT: + 4.8%) posted better-than-expected quarterly revenue. The company said it was able to go into profit in the third quarter.

    General Motors (GM: -2.1%) operating income was above market expectations. At the same time, as expected by analysts, the company warned of a shortage of semiconductors.

    Dating services developer Match (MTCH: + 7.7%) acquires South Korean company Hyperconnect for $ 1.7 billion.

    Today, world stock exchanges are showing mostly positive dynamics. The news background remains calm. Ultra-soft monetary and stimulating fiscal policies remain strong factors supporting optimism. Fed Chairman Jerome Powell, during his speech in New York yesterday, reaffirmed his commitment to the course at low rates and also noted that the opening of the economy will lead to a significant increase in consumer spending. However, inflationary pressure, according to Powell, may turn out to be unstable, namely, further parameters of the monetary policy will depend on inflation and unemployment.

    Technical picture

    Technically, the S&P 500 is still in a medium-term uptrend. The trading session the day before did not change the overall picture. The broad market index is consolidating in a tight range after rising 4% last week. Resistance at the upper border of the uptrend is still a significant obstacle.

    Today Top Movers

    RCM Technologies Inc (RCMT) stock ascended 126.28% at $8.35 in the pre-market trading today.‎ The company provided an update on its recently obtained projects to assist its clients in producing higher grades of ethanol for use in beverage and hygienic applications such as sanitizer-grade ethanol. ‎

    Microvision Inc (MVIS) gained over 38.29% at $19.36 in pre-market ‎trading on Thursday after declaring that it has received necessary components and equipment to meet its April milestone of completing A-Samples of its Long-Range Lidar Sensor. ‎

    Sonos Inc (SONO) grew over 15.59% at $36.41 in pre-market trading ‎today.‎ The maker of smart speakers generated revenue of $645.6 million in its fiscal first quarter, up from $562.1 a year earlier and ahead of the $590 million that analysts surveyed by FactSet had been projecting.

    Top Upgrades & Downgrades

    Wells Fargo turned bullish on The Western Union Company (WU), upgrading the stock to “Equal-Weight” and assigning a $25.0 price target, representing potential upside of 6.43% from Wednesday’s close. 

    Pacific Biosciences of California Inc. (PACB) has won the favor of Piper Sandler’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $52.0, suggesting a 13.29% additional upside for the stock. 

    AnaptysBio Inc. (ANAB) received an upgrade from analysts at JP Morgan, who also set their one-year price target on the stock to $40.0. They changed their rating on ANAB to Overweight from Underweight in a recently issued research note.

    Earlier Thursday Piper Sandler reduced its rating on Helmerich & Payne Inc. (HP) stock to Neutral from Overweight and assigned the price target to $24. 

    Vertical Research analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Spirit Airlines Inc. (SAVE) has been changed to Hold from Buy. 

    Analysts at Barclays downgraded Equitrans Midstream Corporation (ETRN)’s stock to Underweight from Equal-Weight Thursday.

    Latest Insider Activity

    Tesla Inc. (TSLA) Director Musk Kimbal announced the sale of shares taking place on Feb 09 at $852.12 for some 30,000 shares. The total came to more than $25.56 million. 

    The Walt Disney Company (DIS) Executive Chairman IGER ROBERT A sold on Feb 08 a total of 1,177,989 shares at $190.12 on average. The insider’s sale generated proceeds of almost $41.83 million. 

    InspireMD Inc. (NSPR) Director Kester Thomas J declared the purchase of shares taking place on Feb 08 at $0.62 for some 120,960 shares. The transaction amount was around $74995. 

    Penn National Gaming Inc. (PENN) Director SCACCETTI JANE bought on Feb 08 a total 41,978 shares at $120.99 on average. The purchase cost the insider an estimated $99,212.

    Important Earnings

    Top US earnings releases scheduled for today include Expedia Group Inc. (NASDAQ: EXPE). It will announce its Dec 2020 financial results. The company is expected to report earnings of -1.97 per share from revenues of $1.12B in the three-month period. 

    Analysts expect Kellogg Company (NYSE: K) to report a net income (adjusted) of $0.89 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $3.5B. 

    Tyson Foods Inc. (TSN), due to announce earnings after the market closes today, is expected to report earnings of 1.49 per share from revenues of $10.84B recently concluded three-month period.

  • Early Morning Vibes: Watch These 4 Stocks Today

    Early Morning Vibes: Watch These 4 Stocks Today

    A concern about possible problems with the spread of coronavirus vaccines led to one of the largest one-day losses since October for US stocks on Wednesday. A large volume of short positions was also opened for GameStop and other securities due to sharp fluctuations.

    A battle erupted between day traders seeking to invest in GameStop and hedge funds that are actively shorting the company, sending GameStop shares soaring 135%. AMC Entertainment, another target for intraday traders, rose 301%. The shares of both companies in January grew by more than 800%.

    The Dow Jones Industrial Average fell 633.87 points, or 2.1%, to 30303.17 points, falling for the fifth session in a row, and the S&P 500 sank 98.85 points, or 2.6%, to 3750. 77 points, while the Nasdaq Composite fell 355.47 points, or 2.6%, to 13.270.60 points. All three indices saw their biggest one-day falls since October 28.

    In response to the spread of new strains of Covid-19 around the globe, governments are being forced to vaccinate the population as soon as possible, since any delays could lead to the lifting of lockdowns and other quarantine restrictions

    AstraZeneca has announced a sharp decline in vaccine supplies to the European Union due to problems at its European factory. A shortage of vaccines could adversely affect the vaccination process in the UK, as EU authorities begin to push the company to acquire vaccines produced by British factories.

    During the same day, President Joe Biden announced he would purchase more vaccine doses that should be enough to supply the vaccine for most US residents.

    In the afternoon, investors analyzed the financial results of AT&T, Blackstone, and Boeing. After that, tech giants Apple, Facebook, and Tesla reported on their results.

    Today Top Movers

    ‎Naked Brand Group Ltd (NAKD) stock ascended 67.39% at $2.31 in the pre-market trading today.‎ The company recently declared pricing of $50 million registered direct offering priced at-the-market.‎‎ ‎‎

    ‎XpresSpa Group Inc (XSPA) grew over 30.13% at $3.11 in pre-market trading ‎today following an announcement from the company that it plans on opening new XpresCheck facilities, offering more opportunities for in-airport COVID-19 testing.‎‎ ‎‎

    ‎Sundial Growers Inc (SNDL) stock moved up 38.15 percent to $0.83 in the pre-market ‎trading.‎‎‎ ‎‎

    ‎American Battery Metals Corp (ABML) was up more than 7.11% at $3.64 in the extended-hours session.‎‎

    Top Upgrades & Downgrades

    RBC Capital turned bullish on PTC Inc. (PTC), upgrading the stock to “Outperform” and assigning a $145.0 price target, representing a potential upside of 20% from Wednesday’s close. 

    Twitter Inc. (TWTR) has won the favor of KeyBanc’s equity research team. The firm upgraded the shares from Sector Weight to Overweight and moved their price target to $65.0, suggesting 35.08% additional upside for the stock. 

    Brinker International Inc. (EAT) received an upgrade from analysts at KeyBanc, who also set their one-year price target on the stock to $64.0. They changed their rating on EAT to Overweight from Sector Weight in a recently issued research note.

    Earlier Thursday JMP Securities reduced its rating on Tesla Inc. (TSLA) stock to Market Perform from Outperform. 

    Stifel analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for The Procter & Gamble Company (PG) has been changed to Hold from Buy. 

    Analysts at Stifel downgraded Colgate-Palmolive Company (CL)’s stock to Hold from Buy Thursday.

    Latest Insider Activity

    The Walt Disney Company (DIS) SEVP-Chief Financial Officer McCarthy Christine M announced the sale of shares taking place on Jan 25 at $172.00 for some 25,000 shares. The total came to more than $4.3 million. 

    iRobot Corporation (IRBT) Chief Executive Officer Angle Colin M sold on Jan 25 a total of 302,208 shares at $104.88 on average. The insider’s sale generated proceeds of almost $3.78 million. 

    Fastenal Company (FAST) Director Ancius Michael J declared the purchase of shares taking place on Jan 25 at $47.50 for some 770 shares. The transaction amount was around $36575.0. 

    FuelCell Energy Inc. (FCEL) CEO Few Jason bought on Jan 25 a total 22,134 shares at $17.99 on average. The purchase cost the insider an estimated $197,890.

    Important Earnings

    Top US earnings releases scheduled for today include American Airlines Group Inc. (NASDAQ: AAL). It will announce its Dec 2020 financial results. The company is expected to report earnings of -$4.11 per share from revenues of $3.88B in the three-month period. 

    Analysts expect Comcast Corporation (NASDAQ: CMCSA) to report a net income (adjusted) of $0.48 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $26.78B. 

    United States Steel Corporation (X), due to announce earnings after the market closes today, is expected to report earnings of -$0.68 per share from revenues of $2.58B recently concluded three-month period.

  • Early Morning Vibes: Watch These 4 Stocks Today

    Early Morning Vibes: Watch These 4 Stocks Today

    The session on December 11, the American stock indexes finished in different directions. The S&P 500 Index dropped 0.13% to 3663 points, the Dow Jones added 0.16%, the NASDAQ lost 0.23%. At the beginning of trading, quotes went down for a short time, but most of the losses during the day were compensated, thanks to positive macro statistics. The communications sector emerged as the clear leader, rallying 1.15% on higher Disney shares. The financial and energy sectors looked weaker than the market, losing about 1% due to the fixation of positions after the rally.
     

    Corporate News
     

    Walt Disney (DIS: + 13.6%) management shared plans and forecasts for streaming services Disney +, Hulu, ESPN + and Star. The cumulative number of subscribers is expected to grow from the current 137 million to 300-350 million by FY2024.
     

    Apple (AAPL: -0.7%) is developing its own modem for its future devices. The news put pressure on shares of Qualcomm (QCOM: -7.4%), a chip maker for 5G communications.
     

    Oracle’s quarterly results (ORCL: + 1.8%) exceeded expectations on strong demand for cloud services.
     

    Today, world stock exchanges are showing mostly positive dynamics. The vaccination campaign can start today. Moderna’s vaccine may be approved this Friday, December 18th, but that too will not come as a surprise to market participants. On the eve of the US authorities issued an order for 100 million of anti-clotting vaccines from this company.
     

    The discussions on the stimulus package remain in the focus of investors’ attention, especially in light of the weak data on jobless claims last week. Today, lawmakers will present a detailed bill on the $ 908 billion package, which can be split into two blocks. One of the blocks will contain support measures that are less controversial among lawmakers. Even a compromise solution on this issue will be welcomed by investors.

    Top Upgrades & Downgrades


    KeyBanc turned bullish on Welltower Inc. (WELL), upgrading the stock to “Overweight” and assigning a $70.0 price target.
     

    RPT Realty (RPT) has won the favor of KeyBanc’s equity research team. The firm upgraded the shares from Sector Weight to Overweight and moved their price target to $11.0.
     

    The Macerich Company (MAC) received an upgrade from analysts at KeyBanc. They changed their rating on MAC to Sector Weight from Underweight in a recently issued research note.
     

    Earlier Monday KeyBanc reduced its rating on Xenia Hotels & Resorts Inc. (XHR) stock to Sector Weight from Overweight.
     

    KeyBanc analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Healthpeak Properties Inc. (PEAK) has been changed to Sector Weight from Overweight.
     

    Analysts at KeyBanc downgraded Retail Opportunity Investments Corp. (ROIC)’s stock to Sector Weight from Overweight on Monday.

    Today Top Movers


    Sundial Growers Inc (SNDL) went up 3.69% in today’s premarket session following a declaration from the firm that it has received approval to transfer the listing of its common shares to the Nasdaq Capital Market.
     

    Ideanomics Inc (IDEX) share price surged 11.96% at $2.06 in premarket session on Monday. Investors should take the recent surge in Ideanomics’ share price as a cautionary sign.
     

    Veru Inc (VERU) stock soared 21.16% in early morning trading session today. The firm recently declared that it has exclusively licensed worldwide rights to enobosarm, a late-stage oral novel androgen receptor (AR) targeting agent for the treatment of endocrine resistant ER+ HER2- metastatic breast cancer.

    Latest Insider Activity


    Progyny Inc. (PGNY) 10% Owner TPG Group Holdings (SBS) Advis announced the sale of shares taking place on Dec 10 at $37.52 for some 73,100 shares. The total came to more than $2.74 million.
     

    Enphase Energy Inc. (ENPH) Director Malchow Joseph Ian sold on Dec 11 a total 82,950 shares at $143.90 on average. The insider’s sale generated proceeds of almost $0.43 million.
     

    Gran Tierra Energy Inc. (GTE) Director Wade Brooke N. declared the purchase of shares taking place on Dec 09 at $0.39 for some 200,000 shares. The transaction amount was around $78000.0.
     

    Allied Esports Entertainment Inc. (AESE) 10% Owner Knighted Pastures LLC bought on Dec 10 a total 3,945,720 shares at $1.14 on average. The purchase cost the insider an estimated $99,194.

    Earnings To Watch


    Top US earnings releases scheduled for today include Champions Oncology Inc. (NASDAQ: CSBR). It will announce its Oct 2020 financial results. The company is expected to report revenues of $9.38M in the three-month period.
     

    Analysts expect Qudian Inc. (NYSE: QD) to report a net income (adjusted) of $0.04 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2020 is predicted to come in at $165.18M.
     

    Vince Holding Corp. (VNCE), due to announce earnings after the market closes today, is expected to report earnings of $0.44 per share from revenues of $65.9M recently concluded three-month period.

  • 10 Trending Stocks In Entertainment Industry

    10 Trending Stocks In Entertainment Industry

    The Entertainment Industry is continuously changing and adopting new trends to provide a frictionless experience to customers. This industry is embracing new innovation and technologies to better meet consumer demands. The entertainment industry is often the most proactive one in enhancing itself for the digital shifts of tomorrow and 2020 is no different.

    One thing which is constant is change. 2020 is the year of change. Due to the pandemic, the demand in this industry is continuously increasing. The demand side is the viewers, you, and us. We are the ones who create the demand. There are various media and entertainment industry trends in 2020. These trends include The rise of the online streaming platform, The emergence of new data models and advanced algorithms, and ad-supported video.

    Check out these companies in the entertainment industry to see whether they are following the above-mentioned trends or not:

    Genius Brands International Inc. (NASDAQ: GNUS)

    Genius Brands International Inc. (NASDAQ: GNUS) shares were trading up 2.14% at $1.43 at the time of writing on Thursday. Genius Brands International Inc. (NASDAQ: GNUS) share price went from a low point around $0.05 to briefly over $11.73 in the past 52 weeks, though shares have since pulled back to $1.43. GNUS market cap has remained high, hitting $288.56M at the time of writing, giving it a price-to-sales ratio of more than 50.

    Attorney Advertising Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Genius Brands and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Genius Brands securities between March 17, 2020, and July 5, 2020.

    Comcast Corporation (NASDAQ: CMCSA)

    Comcast Corporation (NASDAQ: CMCSA) last closed at $45.11, in a 52-week range of $31.70 to $47.74. New Video Marketplace Report from FreeWheel Shows Ad Views in 1H2020 Grew Over 32% compared to the same time last year. Analysts have a consensus price target of $51.32. Comcast Corporation (CMCSA) market cap has remained high, hitting $208.13 billion at the time of writing.

    AMC Entertainment Holdings Inc. (NYSE: AMC)

    AMC Entertainment Holdings Inc. (NYSE: AMC) stock drop by -6.08% to $2.78 after Chicken Soup for the Soul Entertainment’s Screen Media to Bring ‘The Outpost’ Back to Theaters for Special Veterans Day Screenings. The most recent rating by B. Riley Securities, on October 12, 2020, is at a Neutral. AMC Entertainment Holdings Inc. (AMC) market cap has remained high, hitting $310.66 Million at the time of writing.

    Cinemark Holdings Inc. (NYSE: CNK)

    Cinemark Holdings Inc. (NYSE: CNK) fall -2.36% after losing more than -$0.19 on Thursday. Chicken Soup for the Soul Entertainment’s Screen Media to Bring ‘The Outpost’ Back to Theaters for Special Veterans Day Screenings. Cinemark Holdings Inc. (CNK) market cap has remained high, hitting $963.45 Million at the time of writing.

    fuboTV Inc. (NYSE: FUBO)

    fuboTV Inc. (NYSE: FUBO) Shares headed rising, higher as much as 15.77%. fuboTV Inc. (FUBO) revealed the closing of its previously announced public offering of 18,300,000 shares of its common stock at the public offering price of $10.00 per share pursuant to an effective Registration Statement on Form S-1 filed with the U.S. Securities and Exchange Commission (SEC).

    Roku Inc. (NASDAQ: ROKU)

    Roku Inc. (NASDAQ: ROKU) fall -2.82% after losing more than -$6.58 on Thursday. Roku Issues Statement in MV3 Partners LLC Case. Roku Inc. (ROKU) has announced earlier that it is scheduled to announce the 2020 third-quarter earning on November 5, 2020.

    Discovery Inc. (NASDAQ: DISCA)

    Discovery Inc. (NASDAQ: DISCA) last closed at $20.97, in a 52-week range of $17.12 to $33.65. Analysts have a consensus price target of $24.57. Discovery Inc. (DISCA) revealed it has expanded relationship with Discovery in support of its leading real life entertainment streaming service, dplay platform, to maximise programmatic advertising capabilities.

    The Walt Disney Company (NYSE: DIS)

    The Walt Disney Company (NYSE: DIS) shares headed rising, higher as much as 0.61%. The most recent rating by Loop Capital, on October 13, 2020, is at a Buy. The Walt Disney Company (DIS) share price went from a low point around $79.07 to briefly over $153.41 in the past 52 weeks, though shares have since pulled back to $127.31. DIS market cap has remained high, hitting $226.67 billion at the time of writing.

    ViacomCBS Inc. (NASDAQ: VIAC)

    ViacomCBS Inc. (NASDAQ: VIAC) last closed at $27.83, in a 52-week range of $10.10 to $43.04. Analysts have a consensus price target of $27.54. ViacomCBS Inc. (VIAC) has moved up 174.46% from its 52-weeks low and moved down -35.59% from its 52-weeks high. VIAC market cap has remained high, hitting $17.65 billion at the time of writing.

    Netflix Inc. (NASDAQ: NFLX)

    Netflix Inc. (NASDAQ: NFLX) stock soar by 0.09% to $541.94. The most recent rating by Canaccord Genuity, on October 15, 2020, is at a Buy. Netflix Inc. (NFLX) share price went from a low point around $265.80 to briefly over $575.37 in the past 52 weeks, though shares have since pulled back to $544.65. NFLX market cap has remained high, hitting $235.61 billion at the time of writing.

     

     

     

  • 20 Trending Stocks In Entertainment Industry

    20 Trending Stocks In Entertainment Industry

    The entertainment industry is considered to be one of the fastest industries in the world. This industry is the most proactive one in enhancing itself for digital changes in the coming years. Users are the one who creates demands for the products and viewers are the one who creates demands in the entertainment industry. The entertainment industry is experiencing various challenges.

    One of the biggest challenges is the increased pressure to enhance the experience of the customers. Changes in the demand of consumers are putting pressure on the entertainment industry to adopt new technological advancements. Let’s take a quick look at the top 20 leading companies in the entertainment industry to check how they are responding to the needs of their customers:

    AMC Entertainment Holdings Inc. (NYSE: AMC)

    AMC Entertainment Holdings Inc. (NYSE: AMC) last closed at $4.05, in a 52-week range of $1.95 to $10.35. Analysts have a consensus price target of $4.14. AMC Entertainment Holdings Inc. (AMC) earlier revealed that 14 AMC locations in the state of Washington will start operations on Friday, October 16. Washington is the 43rd state out of the 45 U.S. states served by AMC in which AMC will have a theatre that is open for moviegoers.

    The Liberty Braves Group (NASDAQ: BATRA)

    The Liberty Braves Group (BATRA) stock soar by 0.58% to $22.58. The most recent rating by The Benchmark Company, on December 17, 2019, is at a Buy. The Liberty Braves Group (BATRA) is scheduled to host a conference call to discuss results for the third quarter of 2020 on Thursday, November 5th. The Liberty Braves Group (BATRA) market cap has remained high, hitting $22.24 billion at the time of writing.

    The Liberty Braves Group (NASDAQ: BATRK)

    The Liberty Braves Group (NASDAQ: BATRK) Shares headed falling, lower as much as -0.49%. The Liberty Braves Group (BATRK) has disclosed earlier that Stefano Domenicali will take the role of President and CEO of Formula 1 in January 2021. Chase Carey, the current Chairman, and CEO will move to the role of non-executive Chairman. This company has a total market capitalization of $887.64 million at the time of writing.

    Charter Communications Inc. (NASDAQ: CHTR)

    Charter Communications Inc. (NASDAQ: CHTR) rose 1.04% after gaining more than $6.56 on Friday. Charter Communications Inc. (CHTR) has revealed earlier that its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp. have priced $1.5 billion in aggregate principal amount of senior unsecured notes due 2032.

    Cinedigm Corp. (NASDAQ: CIDM)

    Cinedigm Corp. (NASDAQ: CIDM) last closed at $0.57, in a 52-week range of $0.25 to $6.00. Cinedigm Corp. (CIDM) disclosed earlier that it has signed a digital content partnership with Kanopy, a premium, a free-to-the-user streaming platform available through partnered universities and libraries. Available to Kanopy users nationwide starting October 1, the content agreement offers 24 of Cinedigm’s esteemed films from genres spanning across documentaries to comedies and horror.

    Comcast Corporation (NASDAQ: CMCSA)

    Comcast Corporation (NASDAQ: CMCSA) stock drop by -0.99% to $44.85. The most recent rating by The Benchmark Company, on September 22, 2020, is at a Buy. Comcast Corporation (CMCSA) earlier announced that it has achieved a 10G technical milestone in a trial delivering 1.25 gigabit-per-second (Gbps) upload and download speeds over a live production network using Network Function Virtualization (NFV) combined with the latest DOCSIS Technology.

    Cinemark Holdings Inc. (NYSE: CNK)

    Cinemark Holdings Inc. (NYSE: CNK) Shares headed falling, lower as much as -3.88%. The most recent rating by The Benchmark Company, on August 20, 2020, is at a Buy. Cinemark Holdings Inc. (CNK) disclosed that it is meeting spooktacular demand by giving away an additional 1,000 Halloween Private Watch Parties after its initial wave were all claimed spellbindingly fast, within 13 minutes.

    The Walt Disney Company (NYSE: DIS)

    The Walt Disney Company (NYSE: DIS) rose 1.54% after gaining more than $1.89 on Friday. The Walt Disney Company (DIS) has earlier celebrated the Return of Frozen Fan Fest With the announcement of the First-ever Frozen Virtual Playdate. This year, the highlight of Frozen Fan Fest will be an engaging Virtual Playdate hosted by chef, two-time New York Times best-selling author, entrepreneur, television host, and producer, Ayesha Curry, that will air on October 18

    Discovery Inc. (NASDAQ: DISCA)

    Discovery Inc. (NASDAQ: DISCA) last closed at $22.24, in a 52-week range of $17.12 to $33.65. Analysts have a consensus price target of $24.57. Discovery Inc. (DISCA) has earlier expanded its relationship with  Magnite (NASDAQ: MGNI), the world’s largest independent omnichannel sell-side advertising platform, in support of its leading real-life entertainment streaming service, display platform, to maximize programmatic advertising capabilities.

    DISH Network Corporation (NASDAQ: DISH)

    DISH Network Corporation (NASDAQ: DISH) Shares headed falling, lower as much as -0.91%. The most recent rating by BofA/Merrill, on March 12, 2020, is at a Buy. DISH Network Corporation (DISH) has previously revealed that it has chosen inventory and service order management software from Blue Planet, a division of Ciena, to intelligently automate its 5G wireless network.

    Genius Brands International Inc. (NASDAQ: GNUS)

    Genius Brands International Inc. (NASDAQ: GNUS) rose 8.53% after gaining more than $0.11 on Friday. The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of GNUS, FENC, and CLNC. This company has a total market capitalization of $282.51 million at the time of writing.

    Eros STX Global Corporation (NYSE: ESGC)

    Eros STX Global Corporation (NYSE: ESGC) stock drop by -3.42% to $2.54. Eros STX Global Corporation (ESGC) has earlier announced that STXfilms has acquired worldwide rights to the film adaptation of the novel Every Note Played. Oscar® winners Angelina Jolie and Christoph Waltz are in talks with the studio and attached to star in the film.

    fuboTV Inc. (NYSE: FUBO)

    fuboTV Inc. (NYSE: FUBO) Shares headed falling, lower as much as -1.85%. fuboTV Inc. (FUBO) has announced the upsize and pricing of an underwritten public offering. The size of the offering has been increased from the previously announced 15,000,000 shares to 18,300,000 shares of common stock at a price to the public of $10.00 per share.

    Glory Star New Media Group Holdings Limited (NASDAQ: GSMG)

    Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) last closed at $2.82, in a 52-week range of $1.46 to $11.53. Glory Star New Media Group Holdings Limited (GSMG) earlier disclosed that it has released its White Paper on China’s Video Content-Driven E-Commerce Industry produced by iResearch Consulting Group and commissioned by Glory Star.

    Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV)

    Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV) Shares headed rising, higher as much as 5.26%. Hall of Fame Resort & Entertainment Company (HOFV) in conjunction with its partnership with the NFL Alumni Association today revealed its plans to include a Football Diversity Development program as part of its Academy effort.

    Allied Esports Entertainment Inc. (NASDAQ: AESE)

    Allied Esports Entertainment Inc. (NASDAQ: AESE) shares were trading up 6.40% at $1.33 at the time of writing on Friday. Allied Esports Entertainment Inc. (NASDAQ: AESE) share price went from a low point around $0.40 to briefly over $5.94 in the past 52 weeks, though shares have since pulled back to $1.33. AESE market cap has remained high, hitting $40.01M at the time of writing, giving it a price-to-sales ratio of more than 1. If we look at the recent analyst rating AESE, Stephens initiated coverage on AESE shares with an Overweight rating.

    Discovery Inc. (DISCK)

    Discovery Inc. (DISCK) stock drop by -2.47% to $19.97. The most recent rating by Topeka Capital Markets, on April 25, 2016, is at a Hold. Discovery Inc. (DISCK) share price went from a low point around $15.43 to briefly over $31.20 in the past 52 weeks, though shares have since pulled back to $19.97.

    Dolby Laboratories Inc. (NYSE: DLB)

    Dolby Laboratories Inc. (NYSE: DLB) fall -0.31% after losing more than -$0.21 on Friday. Dolby Laboratories Inc. (DLB) share has changed between the 52-weeks low range of $44.68 and a high range of $73.94. It has moved up 53.31% from its 52-weeks low and moved down -7.36% from its 52-weeks high. This company market capitalization has remained high, hitting $6.91 billion at the time of writing.

    Dolphin Entertainment Inc. (NASDAQ: DLPN)

    Dolphin Entertainment Inc. (DLPN) last closed at $0.73, in a 52-week range of $0.33 to $2.49. Dolphin Entertainment Inc. (DLPN) has moved up 122.98% from its 52-weeks low and moved down -70.73% from its 52-weeks high. This company market capitalization has remained high, hitting $23.69 Million at the time of writing.

    Hemisphere Media Group Inc. (NASDAQ: HMTV)

    Hemisphere Media Group Inc. (NASDAQ: HMTV) stock drop by -0.43% to $9.25. The most recent rating by Wells Fargo, on October 14, 2019, is at an Outperform. Hemisphere Media Group Inc. (HMTV) market capitalization has remained high, hitting $371.20 million at the time of writing.

     

  • 12 Trending Stocks In Entertainment Industry You Should Invest In

    12 Trending Stocks In Entertainment Industry You Should Invest In

    Entertainment has grown as an industry with an increased income and time available for leisure and recreation. This industry is best known for its ability to adapt to new and reflect quickly changing customer tastes. Working in the entertainment industry is challenging and exciting as new changes and trends evolve with the passage of time. The growth of the entertainment industry is directly proportional to the development of a modern economy and rising economic productivity.

    With the increase in technology and demands for entertainment products and services led to the creation of more innovations in this industry. The entertainment industry is continuously changing and has experienced major transformations with evolving trends.

    Let’s see the following companies to see how they are following new markets trends to keep pace with other companies in the market:

    Genius Brands International Inc. (NASDAQ: GNUS)

    Genius Brands International Inc. (NASDAQ: GNUS) shares were trading down -6.31% at $1.04 at the time of writing on Thursday. Genius Brands International Inc. (NASDAQ: GNUS) share price went from a low point around $0.05 to briefly over $11.73 in the past 52 weeks, though shares have since pulled back to $1.04. GNUS market cap has remained high, hitting $189.98M at the time of writing, giving it a price-to-sales ratio of more than 30.

    Genius Brands International Inc. has revealed earlier that Marc Rosenberg has been named as the President of Global Brands and Chief Marketing Officer. Marc is one of the most well-respected marketers in the children’s space.

    Comcast Corporation (NASDAQ: CMCSA)

    Comcast Corporation (CMCSA) last closed at $45.70, in a 52-week range of $31.70 to $47.74. Analysts have a consensus price target of $49.32. Comcast Corporation (CMCSA) revealed earlier that Amy Banse, Executive Vice President of Comcast and Managing Director and Head of Funds for Comcast Ventures, is retiring after nearly three decades at Comcast. The company has also announced that it has signed an agreement with REVOLT to significantly expand its availability to Xfinity TV customers across the country in new and existing markets.

    Cinemark Holdings Inc. (NYSE: CNK)

    Cinemark Holdings Inc. (NYSE: CNK) shares headed falling, lower as much as -5.33%. The most recent rating by The Benchmark Company, on August 20, 2020, is at a Buy. Cinemark Holdings Inc. (CNK) has reopened approximately 75 percent of its U.S. circuit and has received positive customer feedback. Ninety-seven percent of Cinemark moviegoers surveyed expressed satisfaction with Cinemark protecting their health and safety.

    Roku Inc. (NASDAQ: ROKU)

    Roku Inc. (NASDAQ: ROKU) fall -4.80% after losing more than -$8.98 on Thursday. Roku Inc. (ROKU) has earlier announced that it has added NBC’s Peacock in its platform. Peacock provides access to more than 20,000 hours of on-demand movies and shows, as well as live news and sports programming, from NBCUniversal and beyond. This company market capitalization has remained high, hitting $22.81 billion at the time of writing.

    The Walt Disney Company (NYSE: DIS)

    The Walt Disney Company (NYSE: DIS) last closed at $122.49, in a 52-week range of $79.07 to $153.41. Analysts have a consensus price target of $134.91. The Walt Disney Company (DIS) will lose its option to buy a plot of land next to its Hong Kong theme park that was to allow for future expansion after the city’s government said on Wednesday it would not extend the option due to current economic conditions.

    Discovery Inc. (NASDAQ: DISCA)

    Discovery Inc. (NASDAQ: DISCA) rose 0.95% after gaining more than $0.2 on Thursday. Discovery Inc. (DISCA) announced the expiration date results of its earlier revealed transaction to purchase five series of outstanding senior notes issued by its wholly-owned subsidiary, Discovery Communications, LLC. This company market capitalization has reminded high, hitting $10.35 billion at the time of writing.

    Discovery Inc. (DISCK)

    Discovery Inc. (DISCK) last closed at $19.19, in a 52-week range of $15.43 to $31.20. Analysts have a consensus price target of $24.33.  Discovery Inc. (DISCK) announced the expiration date results of its earlier revealed transaction to purchase five series of outstanding senior notes issued by its wholly-owned subsidiary, Discovery Communications, LLC.

    Live Nation Entertainment Inc. (NYSE: LYV)

    Live Nation Entertainment Inc. (NYSE: LYV) stock drop by -0.84% to $50.91. The most recent rating by Berenberg, on March 31, 2020, is at a Hold. Live Nation Entertainment Inc. (LYV) has earlier announced several initiatives to encourage civic engagement and support access to voting in the 2020 elections. This company market capitalization has remained high, hitting 11.37 billion at the time of writing.

    DISH Network Corporation (NASDAQ: DISH)

    DISH Network Corporation (NASDAQ: DISH) shares headed falling, lower as much as -0.05%. The most recent rating by BofA/Merrill, on March 12, 2020, is at a Buy. DISH Network Corporation (DISH) has earlier chosen inventory and service order management software from Blue Planet, a division of Ciena, to intelligently automate its 5G wireless network.

    ViacomCBS Inc. (NASDAQ: VIAC)

    ViacomCBS Inc. (NASDAQ: VIAC) stock soar by 1.15% to $29.15. The most recent rating by Wells Fargo, on August 27, 2020, is at an Equal-weight. ViacomCBS Inc. (VIAC) share price went from a low point around $10.10 to briefly over $43.04 in the past 52 weeks, though shares have since pulled back to $29.15. VIAC market cap has remained high, hitting $18.15 billion at the time of writing.

    AMC Entertainment Holdings Inc. (NYSE: AMC)

    AMC Entertainment Holdings Inc. (NYSE: AMC) stock drop by -3.56% to $4.61. The most recent rating by B. Riley FBR, on September 14, 2020, is at a Neutral. AMC Entertainment Holdings Inc. (AMC) has moved up 136.41% from its 52-weeks low and moved down -58.60% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 0.40. This company market cap has remained high, hitting $508.39 Million at the time of writing.

    Netflix Inc. (NASDAQ: NFLX)

    Netflix Inc. (NASDAQ: NFLX) shares headed rising, higher as much as 0.52%. The most recent rating by KeyBanc Capital Markets, on September 15, 2020, is at an Overweight. Netflix Inc. (NFLX) share price went from a low point around $253.70 to briefly over $575.37 in the past 52 weeks, though shares have since pulled back to $473.08. NFLX market cap has remained high, hitting $208.74 billion at the time of writing.

     

  • Top 20 Best Performing Entertainment Industry Stocks You Should Be Holding Right Now

    Top 20 Best Performing Entertainment Industry Stocks You Should Be Holding Right Now

    The entertainment industry is evolving at an unprecedented rate around the globe. Entertainment is known for its ability to adapt to and reflect quickly changing customer tastes. Currently, the entertainment industry has experienced major transformations. This industry is changing itself to improve customer experiences. Every sector knows this very well that to keep rising and to maintain competitiveness it is necessary to keep customers happy.

    The entertainment industry is experiencing major changes, and companies must know how to deal with convergence and use technology in innovative ways to gain a competitive edge. Companies must know how to deliver quality content while customizing the user experience. Change is a constant in this industry.

    Check out the top 20 best-performing companies in the entertainment industry:

    Comcast Corporation (NASDAQ: CMCSA)

    Comcast Corporation (NASDAQ: CMCSA) shares were trading up 0.75% at $46.81 at the time of writing on Wednesday. Comcast Corporation (NASDAQ: CMCSA) share price went from a low point around $31.70 to briefly over $47.74 in the past 52 weeks, though shares have since pulled back to $46.81. CMCSA market cap has remained high, hitting $210.72B at the time of writing, giving it a price-to-sales ratio of more than 2.

    Comcast Corp revealed that it has recently introduced streaming service Peacock. The company said that the Peacock has over 15 million sign-ups since its launch, a 50% increase since July 30. If we look at the recent analyst rating CMCSA, Pivotal Research Group reiterated coverage on CMCSA shares with a Buy rating and a $48.86 price target, which implies room for 2.05% upside momentum this year.

    Cinedigm Corp. (NASDAQ: CIDM)

    Cinedigm Corp. (NASDAQ: CIDM) last closed at $0.67, in a 52-week range of $0.25 to $6.00. Cinedigm Inks Multi-Year U.S. Content Deal With Nelvana. Cinedigm Corp. (CIDM) has signed a multi-year US content deal with Nelvana. Through this partnership, Cinedigm aimed to expand its reach so that both kids and their families can enjoy many of its beloved titles from its award-winning library. Cinedigm Corp. market cap has remained high, hitting $59.23 million at the time of writing.

    ViacomCBS Inc. (NASDAQ: VIAC)

    ViacomCBS Inc. (NASDAQ: VIAC) stock soar by 1.83% to $30.68. The most recent rating by Wells Fargo, on August 27, 2020, is at an Equal-weight. ViacomCBS Inc. (VIAC) has renamed streaming offering Paramount+ to leverage ‘Near-Universal Brand Recognition’. Paramount is a century-old brand that historically brought people together to enjoy excellent content. It has a market capitalization of $19.06 billion.

    Discovery Inc. (NASDAQ: DISCK)

    Discovery Inc. (NASDAQ: DISCK) shares headed rising, higher as much as 2.36% after Discovery announced the pricing terms of its cash Tender offers for five series of Notes Open to Retail Holders only. The most recent rating by Topeka Capital Markets, on April 25, 2016, is at a Hold. It has traded up 43.42% from its 52-weeks low and has traded down -29.07% from its 52-weeks low.

    Lions Gate Entertainment Corp. (NYSE: LGF-A)

    Lions Gate Entertainment Corp. (NYSE: LGF-A) shares headed rising, higher as much as 0.81% after the Debut of Starz original series “Power Book II: Ghost” drives a 42% increase in new sign-ups and sets an all-time viewership record on the Starz app. The most recent rating by Goldman, on July 13, 2020, is at a Neutral. Lions Gate Entertainment Corp. market capitalization has remained high, hitting $2.08 billion at the time of writing.

    Lions Gate Entertainment Corp. (LGF-B)

    Lions Gate Entertainment Corp. (LGF-B) last closed at $9.24, in a 52-week range of $3.87 to $10.85 after the Debut of Starz original series “Power Book II: Ghost” drives a 42% increase in new sign-ups and sets an all-time viewership record on the Starz app. Analysts have a consensus price target of $10.57. It has a total market capitalization of $1.27 billion at the time of writing.

    AMC Entertainment Holdings Inc. (NYSE: AMC)

    AMC Entertainment Holdings Inc. (NYSE: AMC) rose 4.35% after gaining more than $0.24 on Wednesday. AMC Entertainment Holdings Inc. (AMC) has announced that as of  September 12, the company will have resumed operations in more than 460 locations around the U.S., nearly 80% of the AMC circuit in the U.S. After opening its first two locations in New Jersey, AMC will soon be operating fully all its theatres in the state, with 24 theatres reopening this week and one theatre expected to open early next week.

    Discovery Inc. (NASDAQ: DISCA)

    Discovery Inc. (NASDAQ: DISCA) last closed at $24.27, in a 52-week range of $17.12 to $33.65. Analysts have a consensus price target of $24.55. Previously, Discovery Inc. announced the pricing terms of its previously announced transaction to purchase five series of outstanding senior notes issued by its wholly-owned subsidiary, Discovery Communications, LLC.

    Live Nation Entertainment Inc. (NYSE: LYV)

    Live Nation Entertainment Inc. (NYSE: LYV) stock soar by 1.90% to $59.97. The most recent rating by Berenberg, on March 31, 2020, is at a Hold. Live Nation Entertainment Inc. (LYV) has earlier activated concert venues as polling places and promotes voting engagement among fans and employees. Live Nation is working with local officials to examine the feasibility of using more than 100 Live Nation venues across the country as polling places. Its market capitalization is $12.98 billion at the time of writing.

    DISH Network Corporation (NASDAQ: DISH)

    DISH Network Corporation (NASDAQ: DISH) rose 1.53% after gaining more than $0.5 on Wednesday. DISH Network Corporation (DISH) has signed up Nokia to supply 5G core software. DISH is building its network ground up and has decided to chose non-traditional telecoms vendors and a new technology called Open Radio Access Network (RAN). This technology uses software to run network functions on the cloud, reducing the use of physical equipment.

    Eros International Plc (NYSE: EROS)

    Eros International Plc (NYSE: EROS) last closed at $2.61, in a 52-week range of $1.10 to $4.91. Analysts have a consensus price target of $4.50. Eros International Plc (EROS) has earlier revealed that it will change its corporate name to “Eros STX Global Corporation” effective on or about September 23rd, 2020. The Company also planned to start trading under the new ticker symbol “ESGC” on the NYSE effective on or about September 23rd, 2020.

    LiveXLive Media Inc. (LIVX)

    LiveXLive Media Inc. (LIVX) stock soar by 3.58% to $2.75. The most recent rating by DA Davidson, on December 20, 2019, is at a Buy. LiveXLive Media Inc. (LIVX) has officially opened Digital Pay-Per-View ticket sales for Pitbull’s exclusive virtual Tour which is to be held on October 10th and 17th.

    Genius Brands International Inc. (NASDAQ: GNUS)

    Genius Brands International Inc. (NASDAQ: GNUS) shares headed falling, lower as much as -1.87%. Genius Brands International Inc. share price went from a low point around $0.05 to briefly over $11.73 in the past 52 weeks, though shares have since pulled back to $1.05. Genius Brands International Inc.’s market cap has remained high, hitting $236.76 million at the time of writing.

    Roku Inc. (NASDAQ: ROKU)

    Roku Inc. (NASDAQ: ROKU) rose 0.87% after gaining more than $1.47 on Wednesday. in the past 52-weeks of trading, Roku Inc. (ROKU) stock has fluctuated between the low range of $58.22 and a high range of $185.44. It has traded up 191.98% from its 52-weeks low and traded down -8.33% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 3.10. Roku Inc has a total market capitalization of $21.74 billion.

    The Walt Disney Company (NYSE: DIS)

    The Walt Disney Company (NYSE: DIS) last closed at $132.09, in a 52-week range of $79.07 to $153.41. Analysts have a consensus price target of $134.91. The Walt Disney Company (DIS) traded up 67.05% from its 52-weeks low and traded down -13.90% from its 52-weeks low. Looking at its liquidity, it has a current ratio of $1.30. The Walt Disney Company market capitalization has remained high, hitting $241.36 billion at the time of writing.

    Cinemark Holdings Inc. (NYSE: CNK)

    Cinemark Holdings Inc. (NYSE: CNK) stock soar by 0.89% to $12.50. The most recent rating by The Benchmark Company, on August 20, 2020, is at a Buy. Cinemark Holdings Inc. (CNK) share price went from a low point around $5.71 to briefly over $39.43 in the past 52 weeks, though shares have since pulled back to $2.50. Cinemark Holdings Inc.’s market cap has remained high, hitting $1.56 Billion at the time of writing.

    Netflix Inc. (NASDAQ: NFLX)

    Netflix Inc. (NASDAQ: NFLX) Shares headed falling, lower as much as -2.45%. The most recent rating by KeyBanc Capital Markets, on September 15, 2020, is at an Overweight. Netflix Inc. (NFLX) stock has fluctuated between the low range of $252.28 and a high range of $575.37. It has traded up 91.79% from its 52-weeks low and traded down -15.90% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 1.10. Netflix Inc. has a total market capitalization of $212.79 billion.

    Charter Communications Inc. (NASDAQ: CHTR)

    Charter Communications Inc. (NASDAQ: CHTR) stock soar by 1.21% to $630.07. The most recent rating by The Benchmark Company, on August 03, 2020, is at a Buy. Charter Communications Inc. (CHTR) share price went from a low point around $345.67 to briefly over $629.52 in the past 52 weeks, though shares have since pulled back to $630.07. Charter Communications Inc.’s market cap has remained high, hitting $129.64 Billion at the time of writing.

    Liberty Broadband Corporation (NASDAQ: LBRDK)

    Liberty Broadband Corporation (NASDAQ: LBRDK) rose 1.19% after gaining more than $1.69 on Wednesday. Liberty Broadband Corporation (LBRDK) stock has fluctuated between the low range of $86.20 and a high range of $146.84. It has traded up 67.39% from its 52-weeks low and traded down -1.74% from its 52-weeks high. Liberty Broadband Corporation has a total market capitalization of $22.07 billion.

    Dolby Laboratories Inc. (NYSE: DLB)

    Dolby Laboratories Inc. (NYSE: DLB) shares headed rising, higher as much as 0.70%. The most recent rating by B. Riley FBR, on August 04, 2020, is at a Neutral. hare price went from a low point around $44.68 to briefly over $73.94 in the past 52 weeks, though shares have since pulled back to $66.13. Dolby Laboratories Inc.’s market cap has remained high, hitting $6.61 Billion at the time of writing.