The best stocks to invest in right now? 2 Entertainment Stocks to Know

2023-05-08 10:17:03 US Eastern Time

The entertainment industry is the part of the economy that focuses on providing fun and enjoyable experiences for people through movies, television, music, video games and other forms of entertainment. The industry is always evolving, with new technologies and trends constantly shaping the way people consume and engage with entertainment content. For investors, the entertainment industry offers a variety of investment opportunities as it includes companies of varying sizes and focuses, from major Hollywood studios to smaller independent producers and distributors.

entertainment stocks

A stake in a company operating in the entertainment industry. These companies can dabble in everything from making movies, developing video games, streaming content, and even operating amusement parks. Investing in entertainment stocks can be an exciting way to gain insight into the growth and innovation of this dynamic industry. This industry has the potential for significant growth and profits as people continue to demand new and engaging forms of entertainment.

However, like any investment, investing in entertainment stocks comes with risks. The industry may be affected by changing consumer preferences, technological advancements and economic conditions. For example, a new streaming service might gain popularity and affect revenue at traditional movie theaters, or a recession might cause people to cut back on entertainment spending.With that in mind, here are two entertainment stocks to watch

stock market

today.

Entertainment Stocks to Watch Today

Netflix (NFLX stock)

First,

netflix

(NFLX) is a leading streaming platform with a vast collection of movies, TV shows and original content. With millions of subscribers worldwide, Netflix has become a major player in the entertainment industry.

Last month, Netflix announced its earnings for the first quarter of 2023. In the report, the company earned $2.88 per share on revenue of $8.2 billion. That beat analysts’ expectations for earnings of $2.83 a share on revenue of $8.2 billion for the quarter. Moreover, revenues increased by 3.7% compared to the same period last year.

Year-to-date, NFLX stock is up 11.60% year-to-date. In Monday morning’s trading session, Netflix shares rose 2.04% on the day to $329.36 per share.

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The Walt Disney Company (DIS stock)

Next,

walt disney company

(DIS) is a global entertainment powerhouse with a diverse portfolio including iconic brands such as Disney, Pixar, Marvel, Star Wars and National Geographic. Disney operates in several areas, including film and television production, theme parks and streaming services such as Disney+.

Last month, The Walt Disney Company announced the date and time it will release its financial results for the second quarter of 2023. In detail, the company reported that it will release its second quarter 2023 results this week on Wednesday, May 10, 2023, after the US market closes.

Since the start of 2023, DIS stock has gained 15.84% year-to-date. Meanwhile, Disney stock opened 2.62% higher at $103.15 per share after the opening bell on Monday morning.

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