Home Entrepreneur Stocks to watch this week? 4 entertainment stocks to know

Stocks to watch this week? 4 entertainment stocks to know

April 25, 2021

6 minutes of reading

This story originally appeared on Stock market

Do you have these entertainment stocks on your watchlist for this week?

Of all the industries that exploded during the pandemic, entertainment stocks is one of the best investments. Anyone who invests in stock market will know that streaming content providers are hot stocks to buy. However, as the country is slowly opening up, these investment options are no longer limited to home games. Now, that doesn’t mean some of these top entertainment stocks are no longer worth investing in. It just means that there may be more investment options available to us right now.

Bet-on strategy Top streaming stocks like Netflix (NASDAQ: NFLX) to reap strong returns may no longer be the most desirable option. That’s because Netflix reported a significant drop in subscribers this week. As a result, many fear that this slowdown in subscriber growth will emerge in other top streaming stocks. Indeed, if it’s a similar offering, there’s a good chance that there will be a sale. But Roku (NASDAQ: ROKU), there’s one thing Netflix doesn’t: sports. That said, if you’re still looking for stocks online to buy, ROKU stock could be the better stock today.

Presently, vaccination rates continue to soar in the US Therefore, there is a great possibility that traditional recreational activities that attract large numbers of participants will return with vengeance. Personally, I will still stick with home entertainment stocks. However, with so many vaccinated animals currently in the pipeline, achieving herd immunity is not a distant goal. For these reasons, you are still betting on these entertainment stocks in stock market today?

Entertainment stocks need to see before May

MGM resort

First, we have MGM Resorts International. MGM is a global hospitality and entertainment company that operates a range of resort destinations across the US Like most of its peers in the hospitality industry, MGM has been hit hard by the attack. of the pandemic. The company’s key tourism business has been largely halted because of this.

Source: TD Ameritrade TOS

However, MGM has capitalized on its existing casino infrastructure and is currently driving the online sports betting boom. With an increasing interest in online gambling as a means of entertainment worldwide, MGM stock could be a unique investment opportunity. Clearly, investors seem to think so as MGM shares have nearly quadrupled in value over the past year.

Following MGM Resorts’s investor launch date this week, multiple analysts have come up with new price-and-target bullish research notes for the company. Among them, Union Gaming sets a price target of $ 52 on MGM shares. That represents a 26% more potential increase. The bullish ratings come after the company predicts it will achieve second place in sports betting and online betting with its BetMGM platform. With MGM using its pandemic business to drive future trading strategies, is MGM stock worth watching now?

[Read More] Best biotech stocks to buy in April? 4 to watch on Monday

DraftKings Inc.

Considering the great sports are back, DraftKings is one of those entertainment stocks investors are buying right now. If you’re a big fan of Cathie Wood, you’ll know that she’s been buying DKNG stock since the beginning of the year. And she went shopping again yesterday, whereby the ARK Innovation ETF bought an additional 266,488 shares of DraftKings. Wood is clearly a big name in the investment world, and many investors are trying to replicate her success by following her investment strategies. And if you buy stock DKNG today, you are investing together with the superstar investor.

Top entertainment stocks (DKNG shares)
Source: TD Ameritrade TOS

The company’s stock price is relatively stable as the market continues to show signs of weakness. Presumably, it could be due to a slew of analyst upgrades and robust quarterly reports.

But more importantly, there is enormous potential in the New York gambling market after the state-approved online sports betting model. This bodes well for DKNG stock as it is licensed. There are good reasons to believe that DKNG shares have plenty of room for long-term growth. If you are optimistic about online games, would you bet on DKNG stock today for long term growth?

[Read More] Go to Vs Lucid Motors: Which electric car stocks are better bought?

AMC Entertainment Holdings

AMC Entertainment Holdings is another trending name in today’s stock market. As the world’s largest movie theater operator, it’s no surprise AMC saw its biggest drop in revenue in the past year. Cinema operators are heavily indebted and face increasing competition from in-house entertainment options. Therefore, many investors have been hesitant about AMC shares. But not this week.

best entertainment stocks (AMC shares)
Source: TD Ameritrade TOS

The rally we saw with AMC shares on Thursday came as investors celebrated their new holiday with hashtags with #AMCDAY on social media. So, what do investors need to know about this holiday and where does this idea come from? The idea of ​​holding a vacation for AMC shares seems to have been inspired by Doge Day on Tuesday. And the main goal here is similar, which is to acquire AMC shares and push them higher.

While the initiative has clearly worked, any investor looking to jump in because of this should practice cautiously. After all, Dogecoin has suffered a significant drop following the hype. Can the same thing happen to AMC stock?

[Read More] 4 renewable energy reserves need to be monitored before May

Walt Disney

When it comes to a list of entertainment stocks worth watching, it’s hard not to have Walt Disney on the list. From timeless classics, turning theme parks to a huge portfolio of legendary IPs, the company has a lot to offer. With the sharp increase in vaccination rates in the US, investors are increasingly optimistic about the DIS supply as theme parks may reopen sooner than consensus estimates. However, we cannot ignore the fact that the recent rally at DIS Stock was fueled by its robust online business, Disney +. After adapting its huge media portfolio to fit the streaming framework, Disney continues to make it big for domestic consumers.

Best stocks to buy now (DIS stocks)
Source: TD Ameritrade TOS

Disney + ‘s ability to boast a global total of 100 million subscribers is something to be cheered for. But after the disappointing quarter for Netflix, investors are also wondering if the same thing could happen to other streaming content providers. While I don’t have any definitive numbers, slowing subscriber growth is inevitable.

After all, the subscriber growth we’ve seen over the past year is clearly unsustainable. But the good news is, the company with theme parks will benefit when the economy reopens. The question is, is that enough to keep the momentum going?



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments