The hottest names this week were IHRT (414 bps better than the S&P), OUT (362 bps), LAMR (209 bps), CCO (207 bps), and WWE (162 bps).
Search Coverage List, Models & Reports
Search Results1-10 out of 62
Happy Friday the 13th. Although as one of my best buds on FB said, “I’d take Friday the 13th over any Monday.” So true.
Here’s what we have been hearing this week….
With DIS +18% since its 4/11 investor day, outperforming the Wolfe Diversified Entertainment Index (by 3,200bps) and the S&P 500 (by 1,400bps), the market is clearly giving credit to a successful streaming strategy.
Hope you had a great summer. Just wanted to pass along some of the tidbits from our convos in what felt like the longest short week ever.
In lieu of our What’s Hot What’s Not, we thought it might be helpful to just run through some of what you might have missed the last few weeks as we assume many of you were taking some much-needed vacations....
The hottest names this week were CMLS (534 bps better than the S&P), WWE (434 bps), GTN (395 bps), ETM (311 bps), and CHTR (237 bps).
In lieu of our typical What's Hot/What's Not, we are providing a recap of earnings as well as a link to each note.
This was the messiest print we can remember literally among all of our coverage; but the DIS management team did not shy away from telling it like it is. The misses in the quarter were across all segments, although the primary drivers seemed to be the 21CF assets (particularly Studio), the Parks (related to Star Wars Galaxy’s Edge), and Star India. We are reducing our estimates, which lowered our F’21E price target to $174 from $183 – but we remain Outperform. To us, the issues are both surmountable and temporary; they do not appear structural.
The hottest names this week were ATUS (524 bps better than the S&P), TRCO (356 bps), NXST (322 bps), AMCX (295 bps), and LAMR (267 bps).
The WSJ is reporting that the Big-4 networks (ABC, CBS, FOX & NBC) have formally submitted a complaint and injunction against Locast with the courts.
- 1 of 7
- next →