Latest in Media Stocks

Showbiz shares sparkled Monday, starting off March with a major market rally around reopening, another vaccine rollout, a stimulus bill and a combo of upbeat earnings and streaming forecasts. Johnson & Johnson’s vaccine, the nation's third, will ship this week and the possibility of $1.9 trillion flowing into the U.S…

UPDATED AT CLOSE: Media and entertainment shares and the broad market rose sharply Wednesday in a show of optimism that contrasted starkly with one of the grimmest days in recent U.S. history as supporters of President Trump occupied the Capitol in hours of chaos that started late morning and were still ongoing when…

Shares of Discovery, which launched its new global streaming service today, and WarnerMedia parent AT&T, were standouts among media stocks Monday as the market seesawed. Discovery was up by 1%, as Discovery+ debuted as a comfort-food, non-scripted alternative to rival services that rolled out throughout the past year…

Stocks jumped Monday as Democratic candidate Joe Biden leads in the polls and investors predicted a wave of stimulus will buck up the economy if he’s elected, and especially if the Dems take the Senate. Upbeat sentiment buoyed media from broadcasters to Discovery, AMC Networks, ViacomCBS and Netflix — but left tech…

Stocks acclerated their downward trajectory Friday as the coronavirus ratcheted up with media shares following the market lower. The DJIA closed out the week down a hefty 730 points, or 2.8% in Friday’s session. The S&P 500 and Nasdaq dropped, respectively, 2.4% and 2.6% for the day. Exhibitors lost more ground with…

Stock plunged with showbiz knocked hard as COVID-19 infections surged, three governors issued travel restrictions and investor hopes for a recovery fizzled. The DJIA plunged more than 700 points, or 2.7%, its worst showing in weeks. The S&P 500 and Nasdaq were both down sharply. Media and entertainment stocks…

Showbiz shares, which were at a high in February before being walloped by COVID-19, have a lot going for them just now, said one Wall Street analyst Monday, heralding the upcoming return of film and TV production and sports, an improved ad outlook and theme parks reopening as reasons to be bullish on the stocks. Over…

Showbiz shares surged in a major market rally that saw the DJIA close up by nearly 1,000 points Monday. ViacomCBS ended the session 11% higher as a Wall Street analyst upgraded the stock to 'buy' and the company's chairman Shari Redstone and CEO Bob Bakish told annual meeting attendees that they consider the stock…

Guggenheim analyst Michael Morris on Thursday slapped a buy rating on shares of Fox Corp. — a rare upgrade in a period of dislocation and dire predictions by Wall Street across media and entertainment. Morris upped his recommendation from “neutral” – basically a hold – calling Fox the best positioned among its…

The stock market opened lower despite a aggressive move by the Federal Reserve, in an emergency meeting early Monday – it’s third since the crisis started – to combat the economic impact of the coronavirus pandemic. Media stocks from Disney and Lionsgate to WarnerMedia parent AT&T were hit with downgrades on worries…

Media stocks were smacked Thursday as the NBA’s suspended rest of season focused investors on a potential ad slump and accelerated cord cutting with trading halted temporarily for the second time this week as the market plunged. “The only reason to have a multichannel video bundle is literally disappearing, at least…

Media shares plunged Wednesday as stocks closed in official bear market territory in the face of a bona fide global coronavirus pandemic. Investors punished stocks from Dish to Live Nation, Gray Television, Cinemark, National Cinemedia and AMC Entertainment with double-digit losses. Shares of the latter two companies…