7 Entertainment Stocks to Buy This Summer

Tencent will likely continue to acquire companies that further strengthen its leadership position in interactive entertainment. So naturally, the potential for social media firms to earn money and expand their user bases is quite big in Asia. As a whole, the global social media market was worth $193 billion in 2022 and is expected to sit at $231 billion by the end of this year. From then until 2027, the sector is projected to grow at a compounded annual growth rate (CAGR) of 17.1% to be worth $434 billion by the end of the forecast period. Unsurprisingly, Asia Pacific was the largest market in 2022 and is expected to be the fastest growing moving forward. Entertainment stocks are issued by companies in the entertainment business who produce and distribute movies, television shows, music, and printed media.

  • Furthermore, Las Vegas’ close proximity to extremely restrictive Californian jurisdictions could easily draw in a crowd that’s clearly tired of pandemic-fueled guidelines.
  • In its March 2022 investor presentation, it points out that it is nearing $5 billion in annual revenue and $1.4 billion in free cash flow (FCF) generation.
  • These six companies now dominate the media industry and may have a place in your portfolio.
  • But by and large, entertainment was not part of daily life, and it certainly wasn’t monetized through a business model.
  • That might send jitters to everything including entertainment stocks.

Marie Brodbeck has a Finance degree from Duquesne University and has been a financial journalist for more than a decade. Her work can be seen in a variety of publications including InvestorPlace, Benzinga, Yahoo Finance and CCN. Investors may have to wait through some sluggish growth in the near term, but given how much the valuation has come down in the past year this could be an attractive entry point.

As usual, all investment decisions should be based on your own due diligence and risk tolerance. Whether it’s theme parks, cruises, or streaming, Disney is the King of Entertainment. In fact, it might be the top entertainment stock to buy overall. The only thing is that I’ve already written quite a bit about Disney and I don’t want to shortchange you by rewriting the same points over and over.

Wolfe Research downgrades Netflix (NFLX) to a neutral-equivalent rating, from outperform, without a price target. JPMorgan Chase’s (JPM) third-quarter profit surges 35% year-over-year, to $13.15 billion, as the bank beats analysts’ expectations on earnings and revenue. The firm generates more interest income than expected, while credit costs come in lower than expected. U.S. stocks edge up in premarket trading Friday, with the S&P 500 rising 0.3% and the Nasdaq Composite inching up 0.7%, keeping both indices on track for weekly gains. Bond yields pull back slightly, with that of the 10-year Treasury just below 4.6%. Oil prices, meanwhile, surge by more than 4%, as West Texas Intermediate crude reaches for $87 a barrel.

However, in general, it just feels like there’s more positivity and excitement in the air. If you can see movie theater companies as part of your portfolio, here are some possibilities. I think we all remember those images of the Strip completely devoid of people. Frankly, anyone could review mastering bitcoin: programming the open blockchain have filmed those streets as part of a backdrop of a zombie film without having to go through all the hassles and permits involved. Back when the Covid-19 crisis first capsized our society, I had a sinking feeling in my stomach for MGM Resorts and the entire Las Vegas industry.

Companies Mentioned in This Article

So to be clear, I do not encourage a heavy buy-in position at this moment. Heading into the start of the Jan. 6 session, DIS stock is struggling around its 50-day moving average (DMA), beaxy exchange review which is trending noticeably below the 200 DMA. One of the valuation metrics that suggest now is an excellent time to buy Disney stock is the price/earnings-to-growth (PEG) ratio.

Many contend that the novel coronavirus pandemic compressed a decade’s worth of growth and disruption into nine months. But if change remains the one constant, then investors must negotiate it like a tightrope walk because — surprise! — media and entertainment create an echo chamber for the hype and hysteria that surround it. The strategy steals from Warren Buffett’s playbook of buying when others are fearful.

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Cash is king, or so they say, and in times of economic trouble, that’s all the truer. Companies with lots of cash swimming around are much better placed to thrive. I might nibble a bit on this stock soon and see what unfolds for this new tech-powered real-estate marvel in the quarters ahead.

Most of its growth comes from its live services thanks to players spending 20% more time in 2022 on its games. Given this rousing performance in 2023, pondering what lies ahead is tempting. While analysts project tempered growth for the year, the anticipation for a stellar 2024 is palpable.

Though it’s difficult to make a sweeping pronouncement about the public given that we’re not a monolith, perhaps the most damning form of evidence is President Joe Biden’s approval rating. Despite the Biden administration taking Covid-19 seriously, the issue may be he’s taking it too seriously, with his disapproval rating hitting a fresh high. On the other hand, if you wanted to speculate on entertainment stocks, this present juncture appears compelling.

Investing in sports stocks

It is projected that the media and entertainment industry will continue to undergo transformations in 2023. As per Deloitte, both studios and video streaming services must deal with the challenge of market disruption, attempting to generate profits in a less lucrative business environment. They are not only vying against each other for audience attention, time, and revenue, but also against social media, user-generated content, and video games. The latter have advanced more rapidly and have remained popular among younger age groups. As film productions were put on hold and live events canceled, the traditional entertainment industry has come to a near halt.


Churchill Downs stock is a unique way to play this movement in tandem with the world-famous event it organizes every year, combining a horse-racing venue with gaming and casino operations. In the news agency, there’s a pejorative aphorism that states, if it bleeds, it leads. In other words, people like their news to be titillating and scandalous. At the same time, so many folks complain about eroding lack of journalistic integrity. Overwhelmingly, people want titillation and as a matter of business survival, the mainstream media delivers.

Netflix (NFLX)

On the other hand, video gaming, streaming, and other digital entertainment platforms flourished since the first stay-at-home orders were put in place. Thus, the pandemic thrust forward the digital transformation that was taking place in the entertainment industry. After a careful assessment of the entertainment industry, we picked these 11 stocks based on fundamentals, growth catalysts, financial metrics, and analyst ratings. The hedge fund sentiment around each stock has also been added. It was taken from Insider Monkey’s database of 895 elite hedge funds.

Top Entertainment Companies in the World

Estimates from the United Nations show that the global population surpassed 8 billion in 2022, and out of this, 4.8 billion live in Asia. This makes Asia one of the most lucrative markets in the world, a fact that is evident in the economic interest shown by both Western businesses and the media in Asia. Asia also has three of the largest economies in the world, namely India, China, and Japan.

Activision purchased dozens of companies, including game developers Raven Software, Treyarch and Infinity Ward. The industry’s landscape has vastly changed over the last decade, he said. Several large companies — including Microsoft — acquired other game studios over the course of the pandemic, when the industry skyrocketed as people stayed home. In 2020, the sports betting market generated about $1 billion in revenue. This is during a time when sports betting is only legal in about half of U.S. states.

The company does have some other intriguing growth opportunities and is working to expand into the burgeoning online sports betting industry. Successfully integrating sports betting into Fubo’s platform offerings could further boost engagement by its target audience. Electronic Arts was founded roughly four decades ago, and it’s played a role in shaping the gaming industry blackbull markets review ever since. The company is a leader in sports- and licensed-game content, and it’s scored big wins with franchises including Madden NFL, FIFA, and games based on Disney’s Star Wars property. In addition to titles built around popular third-party licenses, the company is also responsible for original franchises, including The Sims, Battlefield, and Apex Legends.






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