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5 leisure shares to look at for in June

June
9, 2021

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This story originally appeared on StockMarket

5 Top Entertainment Stocks You Should See Right Now

Entertainment stocks could be in the spotlight again as the world gradually returns to normal. Hence, investors looking for the top stocks to buy on the stock market right now might want to keep an eye on the sector. In fact, as more sectors of the economy open up, more forms of entertainment would open up. Live entertainment in particular would now be a viable means of betting on the entertainment industry. This would be the case because the demand for personal leisure activities is higher than ever. As people get vaccinated and run out more, investors and businesses alike would benefit. In fact, Barron’s recently reported that the average wage for line workers in the leisure industry rose at an annualized rate of 23%, a record high. If anything, this would make the booming industry stand out even more.

At the same time, the entertainment stocks that thrived during the pandemic are not yet resting on their laurels. Obviously, big companies like Amazon (NASDAQ: AMZN) and Discovery (NASDAQ: DISCA) continue to make massive games. In the case of Amazon, the company recently acquired media giant MGM Studios for $ 8.45 billion, potentially boosting its streaming offerings. Meanwhile, Discovery recently announced that its merger with WarnerMedia will now be known as the Warner Bros. Company. As things seem to be heating up in the entertainment world now, entertainment stocks may catch up. With that in mind, here are five that are causing a sensation on the stock market today.

Best entertainment stocks in June

Walt disney co.

Disney is a diversified multinational mass media and entertainment company based in California. The company established itself as a leader in the American animation industry before diversifying into live-action film production, television and theme parks. Although the company was hit by the pandemic in 2020, it has made significant investments in its Disney + subscription service, with dedicated content hubs for Disney, Pixar, Marvel, Star Wars, and National Geographic.

Last month, the company announced its earnings for the second quarter and six months for fiscal 2021. Total revenues for the quarter were $ 15.61 billion and diluted earnings per share from continuing operations for the quarter rose 92% year over year to $ 0.50. Disney says it sees encouraging signs of recovery across its business and remains focused on growing its operations while fueling long-term growth. This is particularly reflected in the reopening of its theme parks, resorts, increased production at its studios, and the continued success of its streaming services. For these reasons, are you considering looking at DIS shares?

Source: TD Ameritrade TOS

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DraftKings Inc.

DraftKings is a digital sports entertainment and games company headquartered in Boston. In essence, the company is a vertically integrated sports betting provider. The company is also a multi-channel provider of sports betting and gaming technologies. On May 7, 2021, the company announced its financial results for the first quarter.

In it, DraftKings recorded sales of $ 312 million, an increase of 253% over the previous year. It also enjoyed strong customer loyalty and growth that drove the first quarter results higher. The monthly individual payers for the business-to-customer segment increased by 114% year-on-year. Given the strong start to the year, the company increased its revenue forecast for 2021 to a range of $ 1.05 billion to $ 1.15 billion, up 63 percent to 79 percent year over year. All in all, is DKNG stock a top entertainment stock to watch out for right now?

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

Skillz Inc.

Skillz is an entertainment stock focused on their online multiplayer mobile video game platform and built into several iOS and Android games. Its platform helps developers build multi-million dollar franchises by allowing social competition in their games. Skillz uses its patented technology and hosts billions of casual esports tournaments for millions of mobile players worldwide.

Last week the company announced that it would acquire Aarki to create an integrated esports advertising platform. Aarki is a leading marketing platform and the acquisition will expand Skillz's presence in the fast-growing mobile gaming industry. This would be because Skillz's competitive platform and Aarki's advanced advertising capabilities would work well together. Skillz will acquire 100% of Aarki for approximately $ 150 million in cash and stock. Will you put SKLZ shares on your watchlist?

best entertainment stocks (SKLZ stock)Source: TD Ameritrade TOS

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Roku Inc.

Next up is video streaming giant Roku Inc. In short, Roku makes video streaming hardware and operates its own streaming platform. For the most part, the company's end-to-end approach to the streaming market is one of its main strengths. Roku's streaming platform is essentially a hub for content from some of the biggest names in the industry.

The main attractions in this regard are our previous entry Disney and Netflix (NASDAQ: NFLX). With this model, Roku benefits from a reduction in subscription fees and advertising revenue for its free content. In return, Roku offers streaming companies a larger, more addressable audience.

Despite its recent success in streaming, Roku is currently working hard to build its portfolio of homemade entertainment. The most recent example of this would be the extension of the series "Die Hart" with comedian Kevin Hart for another season. Yesterday's move marks a first for the company as its original content continues to impress viewers. Time will tell if this means that ROKU stock has more room for further growth. Would you agree

Buy entertainment shares now (ROKU share)Source: TD Ameritrade TOS

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FuboTV Inc.

Last but not least, we'll be looking at leading sports streaming company FuboTV Inc. As an important provider of sports-oriented content, the FUBO share would be another top entertainment share that should be viewed now. In particular, the company's streaming approach offers sports fans live TV and sporting events.

To complement this, Fubo is also working to add a level of interactivity to the viewing experience with live sports betting. The company currently plans to launch a predictive free-to-play gaming app in the third quarter of 2021.

Not to mention that Fubo is still playing strategic games even now. Starting this week, the FuboTV app will be preinstalled on LG (NYSE: LPL) smart TVs in the USA. This also includes the industry-leading LG OLED TV range. Through this collaboration, LG customers can now enjoy over 100 sports, news and entertainment channels through the FuboTV app. With the current tailwind in the consumer electronics sector, Fubo would expand its current market reach. With all this, are you now keeping an eye on the FUBO share?

Best Entertainment Stocks To Buy Right Now (FUBO Share)Source: TD Ameritrade TOS

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