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Best Stocks To Buy Now? 3 Entertainment Stocks To Know

Would these entertainment names make for a solid play in the stock market now?
The post Best Stocks To Buy Now? 3 Entertainment Stocks To Know appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Do You Have These Top Entertainment Stocks On Your Watchlist Now?

The entertainment industry has been and still is a vital market in our world now. By extension, this would make entertainment stocks more desirable in the stock market right now as well. For the most part, this is because consumers rely heavily on means of entertainment when faced with life’s problems. With the current global pandemic, there would be plenty of reasons for people to turn towards the industry. Because of this, it would then make sense that investors would be eyeing the top entertainment stocks now.

Now, the entertainment space is home to a massive array of sub-industries. For investors looking to bet on pandemic winners, video streaming and online betting companies are viable plays. In that sense, you would likely turn towards the likes of Netflix (NASDAQ: NFLX) or MGM Resorts (NYSE: MGM). Alternatively, some could also be keen to invest in live entertainment companies as the economy reopens. This would see companies such as Carnival (NYSE: CCL) and TripAdvisor (NASDAQ: TRIP) be in the spotlight. In fact, there are even companies that can benefit from both trends such as Disney (NYSE: DIS). Regardless, demand for entertainment-related services will likely persist in both good and bad times. In theory, this could mean long-term growth for the entertainment stocks as well.

While the options may be plentiful, not all entertainment stocks are made equal. As we often say here at StockMarket.com, proper market research and due diligence are an investor’s best tools. Accordingly, it would be crucial to study the latest movers in the market and their standing amongst peers. With that said, here are three entertainment stocks making headlines in the stock market today.

Best Entertainment Stocks To Watch Today

DraftKings Inc.

DraftKings is a digital sports entertainment and gaming company. Its vertically integrated sports betting operations provide the masses with daily fantasy, regulated gaming, and digital media. The company has been on the rise in the last year as millions of people have turned to the company and its online betting services. In essence, the company is a multi-channel provider of sports betting and gaming technologies, powering sports, and gaming entertainment. DKNG stock currently trades at $50.86 as of 1:32 p.m. ET.

Last month, the company reported stellar first-quarter financials. Firstly, it announced revenue of $312 million, an increase of 253% year-over-year. Monthly unique payers for its Business-to-Customer segment increased by 114% compared to a year ago. DraftKings says that on average, 1.5 million monthly unique paying customers engaged with DraftKings each month during the first quarter. The company is off to an outstanding start in 2021 and has even raised its fiscal year 2021 revenue guidance to a range of $1.05 billion to $1.15 billion. This would equate to year-over-year growth of 63% to 79%.

These impressive financials are driven by strong customer acquisitions and retention. It is also due to new state launches in Michigan and Virginia. Not resting on its laurels, the company continues to establish itself as a leading product and content innovator in the online gaming business. For instance, it launched sports betting information channel with SLING TV and also launched its first Spanish 21 iGaming offering in the U.S. Through its partnership with SLING TV, customers can view real-time game scores and betting odds on the DraftKings Basketball channel. Given the excitement surrounding the company, is DKNG stock worth watching?

entertainment stocks (DKNG stock)
Source: TD Ameritrade TOS

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FuboTV

Fubo is an entertainment company that focuses on a sports-first live TV experience. The company does this with a wide array of premium content, interactivity, and integrated wagering. By leveraging its proprietary data and technology platform, Fubo has exploded into the limelight as one of the best streaming companies for live sports. FUBO currently trades at $32.33 as of 1:37 p.m. ET and is up by over 30% year-to-date.

On Tuesday, the company announced that it is set to join the Russell 3000 Index. This will be effective after the U.S. market opens on June 28, according to a preliminary list of additions posted earlier this month. “We are pleased with the interest fuboTV has received from the investor community in such a short period following our listing on the New York Stock Exchange last October,” said David Gandler, co-founder and CEO, fuboTV. “The addition of fuboTV to the Russell 3000® Index is an important milestone for the company as we stay laser-focused on defining a new category of interactive television while delivering significant shareholder value.

Last month, the company also delivered a record quarter in its first-quarter financials. Diving in, total revenue was $119.7 million, up by 135% year-over-year. Advertising revenue was $12.6 million, up by 206% year-over-year. The quarter also marked the first time Fubo achieved sequential subscriber and revenue growth in any first quarter, despite seasonal trends. For these reasons, is FUBO stock a top entertainment stock to watch right now?

best entertainment stocks to buy (FUBO stock)
Source: TD Ameritrade TOS

[Read More] 3 Growth Stocks That Could Be Better Investments Than AMC Stock Right Now

Penn National Gaming

Another top entertainment company to know now would be Penn National Gaming (PENN). Pre-pandemic most would know PENN as a casino company. If anything, its sizable portfolio containing 41 gaming and racing properties across the U.S. would support this. However, at the onslaught of the pandemic, virtually all of the company’s main streams of revenue were disrupted. Since then, PENN has pivoted towards the online sports betting and gaming business. Ideally, when the economy fully reopens, we could see PENN emerge stronger than before.

Now, PENN stock is currently trading at $77.78 a share as of 1:39 p.m. ET. This would mark gains of about 132% in the past year. While the company’s shares have taken a slight breather this year, PENN appears to be optimistic looking forward. Yesterday, the company announced a proposed private offering of $400 million senior notes. On top of that, PENN is also expecting a massive bump in revenue for the current quarter. Namely, the company projects that revenue could range from $1.45 billion to $1.555 billion. This would mark a potential year-over-year surge of over 400% with top-line figures in mind. At the same time, PENN is also hard at work, expanding its gaming portfolio further. Just last month, the company received final regulatory approval to acquire Hollywood Casino Perryville. This would be a strategic move given the recent legalization of sports betting in the state as well.

Overall, PENN seems to be firing on all cylinders right now. With the current tailwinds behind both its online sports betting and in-person entertainment divisions, this would be the case. Could its omnichannel platform make PENN stock a top entertainment stock to watch for you?

top entertainment stocks (PENN stock)
Source: TD Ameritrade TOS

The post Best Stocks To Buy Now? 3 Entertainment Stocks To Know appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Homes listed for sale in early June sell for $7,700 more

New Zillow research suggests the spring home shopping season may see a second wave this summer if mortgage rates fall
The post Homes listed for sale in…

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  • A Zillow analysis of 2023 home sales finds homes listed in the first two weeks of June sold for 2.3% more. 
  • The best time to list a home for sale is a month later than it was in 2019, likely driven by mortgage rates.
  • The best time to list can be as early as the second half of February in San Francisco, and as late as the first half of July in New York and Philadelphia. 

Spring home sellers looking to maximize their sale price may want to wait it out and list their home for sale in the first half of June. A new Zillow® analysis of 2023 sales found that homes listed in the first two weeks of June sold for 2.3% more, a $7,700 boost on a typical U.S. home.  

The best time to list consistently had been early May in the years leading up to the pandemic. The shift to June suggests mortgage rates are strongly influencing demand on top of the usual seasonality that brings buyers to the market in the spring. This home-shopping season is poised to follow a similar pattern as that in 2023, with the potential for a second wave if the Federal Reserve lowers interest rates midyear or later. 

The 2.3% sale price premium registered last June followed the first spring in more than 15 years with mortgage rates over 6% on a 30-year fixed-rate loan. The high rates put home buyers on the back foot, and as rates continued upward through May, they were still reassessing and less likely to bid boldly. In June, however, rates pulled back a little from 6.79% to 6.67%, which likely presented an opportunity for determined buyers heading into summer. More buyers understood their market position and could afford to transact, boosting competition and sale prices.

The old logic was that sellers could earn a premium by listing in late spring, when search activity hit its peak. Now, with persistently low inventory, mortgage rate fluctuations make their own seasonality. First-time home buyers who are on the edge of qualifying for a home loan may dip in and out of the market, depending on what’s happening with rates. It is almost certain the Federal Reserve will push back any interest-rate cuts to mid-2024 at the earliest. If mortgage rates follow, that could bring another surge of buyers later this year.

Mortgage rates have been impacting affordability and sale prices since they began rising rapidly two years ago. In 2022, sellers nationwide saw the highest sale premium when they listed their home in late March, right before rates barreled past 5% and continued climbing. 

Zillow’s research finds the best time to list can vary widely by metropolitan area. In 2023, it was as early as the second half of February in San Francisco, and as late as the first half of July in New York. Thirty of the top 35 largest metro areas saw for-sale listings command the highest sale prices between May and early July last year. 

Zillow also found a wide range in the sale price premiums associated with homes listed during those peak periods. At the hottest time of the year in San Jose, homes sold for 5.5% more, a $88,000 boost on a typical home. Meanwhile, homes in San Antonio sold for 1.9% more during that same time period.  

 

Metropolitan Area Best Time to List Price Premium Dollar Boost
United States First half of June 2.3% $7,700
New York, NY First half of July 2.4% $15,500
Los Angeles, CA First half of May 4.1% $39,300
Chicago, IL First half of June 2.8% $8,800
Dallas, TX First half of June 2.5% $9,200
Houston, TX Second half of April 2.0% $6,200
Washington, DC Second half of June 2.2% $12,700
Philadelphia, PA First half of July 2.4% $8,200
Miami, FL First half of June 2.3% $12,900
Atlanta, GA Second half of June 2.3% $8,700
Boston, MA Second half of May 3.5% $23,600
Phoenix, AZ First half of June 3.2% $14,700
San Francisco, CA Second half of February 4.2% $50,300
Riverside, CA First half of May 2.7% $15,600
Detroit, MI First half of July 3.3% $7,900
Seattle, WA First half of June 4.3% $31,500
Minneapolis, MN Second half of May 3.7% $13,400
San Diego, CA Second half of April 3.1% $29,600
Tampa, FL Second half of June 2.1% $8,000
Denver, CO Second half of May 2.9% $16,900
Baltimore, MD First half of July 2.2% $8,200
St. Louis, MO First half of June 2.9% $7,000
Orlando, FL First half of June 2.2% $8,700
Charlotte, NC Second half of May 3.0% $11,000
San Antonio, TX First half of June 1.9% $5,400
Portland, OR Second half of April 2.6% $14,300
Sacramento, CA First half of June 3.2% $17,900
Pittsburgh, PA Second half of June 2.3% $4,700
Cincinnati, OH Second half of April 2.7% $7,500
Austin, TX Second half of May 2.8% $12,600
Las Vegas, NV First half of June 3.4% $14,600
Kansas City, MO Second half of May 2.5% $7,300
Columbus, OH Second half of June 3.3% $10,400
Indianapolis, IN First half of July 3.0% $8,100
Cleveland, OH First half of July  3.4% $7,400
San Jose, CA First half of June 5.5% $88,400

 

The post Homes listed for sale in early June sell for $7,700 more appeared first on Zillow Research.

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Survey Shows Declining Concerns Among Americans About COVID-19

Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat"…

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Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat" to the health of the US population - a sharp decline from a high of 67% in July 2020.

(SARMDY/Shutterstock)

What's more, the Pew Research Center survey conducted from Feb. 7 to Feb. 11 showed that just 10% of Americans are concerned that they will  catch the disease and require hospitalization.

"This data represents a low ebb of public concern about the virus that reached its height in the summer and fall of 2020, when as many as two-thirds of Americans viewed COVID-19 as a major threat to public health," reads the report, which was published March 7.

According to the survey, half of the participants understand the significance of researchers and healthcare providers in understanding and treating long COVID - however 27% of participants consider this issue less important, while 22% of Americans are unaware of long COVID.

What's more, while Democrats were far more worried than Republicans in the past, that gap has narrowed significantly.

"In the pandemic’s first year, Democrats were routinely about 40 points more likely than Republicans to view the coronavirus as a major threat to the health of the U.S. population. This gap has waned as overall levels of concern have fallen," reads the report.

More via the Epoch Times;

The survey found that three in ten Democrats under 50 have received an updated COVID-19 vaccine, compared with 66 percent of Democrats ages 65 and older.

Moreover, 66 percent of Democrats ages 65 and older have received the updated COVID-19 vaccine, while only 24 percent of Republicans ages 65 and older have done so.

“This 42-point partisan gap is much wider now than at other points since the start of the outbreak. For instance, in August 2021, 93 percent of older Democrats and 78 percent of older Republicans said they had received all the shots needed to be fully vaccinated (a 15-point gap),” it noted.

COVID-19 No Longer an Emergency

The U.S. Centers for Disease Control and Prevention (CDC) recently issued its updated recommendations for the virus, which no longer require people to stay home for five days after testing positive for COVID-19.

The updated guidance recommends that people who contracted a respiratory virus stay home, and they can resume normal activities when their symptoms improve overall and their fever subsides for 24 hours without medication.

“We still must use the commonsense solutions we know work to protect ourselves and others from serious illness from respiratory viruses, this includes vaccination, treatment, and staying home when we get sick,” CDC director Dr. Mandy Cohen said in a statement.

The CDC said that while the virus remains a threat, it is now less likely to cause severe illness because of widespread immunity and improved tools to prevent and treat the disease.

Importantly, states and countries that have already adjusted recommended isolation times have not seen increased hospitalizations or deaths related to COVID-19,” it stated.

The federal government suspended its free at-home COVID-19 test program on March 8, according to a website set up by the government, following a decrease in COVID-19-related hospitalizations.

According to the CDC, hospitalization rates for COVID-19 and influenza diseases remain “elevated” but are decreasing in some parts of the United States.

Tyler Durden Sun, 03/10/2024 - 22:45

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Rand Paul Teases Senate GOP Leader Run – Musk Says “I Would Support”

Rand Paul Teases Senate GOP Leader Run – Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump…

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Rand Paul Teases Senate GOP Leader Run - Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump into the race to become the next Senate GOP leader, and Elon Musk was quick to support the idea. Republicans must find a successor for periodically malfunctioning Mitch McConnell, who recently announced he'll step down in November, though intending to keep his Senate seat until his term ends in January 2027, when he'd be within weeks of turning 86. 

So far, the announced field consists of two quintessential establishment types: John Cornyn of Texas and John Thune of South Dakota. While John Barrasso's name had been thrown around as one of "The Three Johns" considered top contenders, the Wyoming senator on Tuesday said he'll instead seek the number two slot as party whip. 

Paul used X to tease his potential bid for the position which -- if the GOP takes back the upper chamber in November -- could graduate from Minority Leader to Majority Leader. He started by telling his 5.1 million followers he'd had lots of people asking him about his interest in running...

...then followed up with a poll in which he predictably annihilated Cornyn and Thune, taking a 96% share as of Friday night, with the other two below 2% each. 

Elon Musk was quick to back the idea of Paul as GOP leader, while daring Cornyn and Thune to follow Paul's lead by throwing their names out for consideration by the Twitter-verse X-verse. 

Paul has been a stalwart opponent of security-state mass surveillance, foreign interventionism -- to include shoveling billions of dollars into the proxy war in Ukraine -- and out-of-control spending in general. He demonstrated the latter passion on the Senate floor this week as he ridiculed the latest kick-the-can spending package:   

In February, Paul used Senate rules to force his colleagues into a grueling Super Bowl weekend of votes, as he worked to derail a $95 billion foreign aid bill. "I think we should stay here as long as it takes,” said Paul. “If it takes a week or a month, I’ll force them to stay here to discuss why they think the border of Ukraine is more important than the US border.”

Don't expect a Majority Leader Paul to ditch the filibuster -- he's been a hardy user of the legislative delay tactic. In 2013, he spoke for 13 hours to fight the nomination of John Brennan as CIA director. In 2015, he orated for 10-and-a-half-hours to oppose extension of the Patriot Act

Rand Paul amid his 10 1/2 hour filibuster in 2015

Among the general public, Paul is probably best known as Capitol Hill's chief tormentor of Dr. Anthony Fauci, who was director of the National Institute of Allergy and Infectious Disease during the Covid-19 pandemic. Paul says the evidence indicates the virus emerged from China's Wuhan Institute of Virology. He's accused Fauci and other members of the US government public health apparatus of evading questions about their funding of the Chinese lab's "gain of function" research, which takes natural viruses and morphs them into something more dangerous. Paul has pointedly said that Fauci committed perjury in congressional hearings and that he belongs in jail "without question."   

Musk is neither the only nor the first noteworthy figure to back Paul for party leader. Just hours after McConnell announced his upcoming step-down from leadership, independent 2024 presidential candidate Robert F. Kennedy, Jr voiced his support: 

In a testament to the extent to which the establishment recoils at the libertarian-minded Paul, mainstream media outlets -- which have been quick to report on other developments in the majority leader race -- pretended not to notice that Paul had signaled his interest in the job. More than 24 hours after Paul's test-the-waters tweet-fest began, not a single major outlet had brought it to the attention of their audience. 

That may be his strongest endorsement yet. 

Tyler Durden Sun, 03/10/2024 - 20:25

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