Promising Entertainment Stocks To Keep An Eye On – May 9th

Alibaba Group, DraftKings, and Walt Disney are the three Entertainment stocks to watch today, according to MarketBeat’s stock screener tool. Entertainment stocks are equity shares of publicly traded companies whose core business is creating, distributing or monetizing leisure content—such as film studios, record labels, video game publishers, streaming platforms and live-event promoters. They offer investors exposure to consumer spending on movies, music, gaming, television and live performances, with revenues driven by box-office receipts, subscriber growth, digital downloads and licensing deals. Because success often hinges on shifting tastes, technological advances and competitive pressures, entertainment stocks can exhibit higher volatility than more diversified sectors. These companies had the highest dollar trading volume of any Entertainment stocks within the last several days.

Alibaba Group (BABA)

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.

Shares of Alibaba Group stock traded down $0.14 during trading hours on Friday, hitting $125.65. 5,870,638 shares of the company’s stock traded hands, compared to its average volume of 20,525,948. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The company has a market cap of $300.04 billion, a PE ratio of 18.16, a PEG ratio of 0.61 and a beta of 0.24. Alibaba Group has a twelve month low of $71.80 and a twelve month high of $148.43. The stock has a 50 day simple moving average of $124.45 and a 200-day simple moving average of $105.98.

DraftKings (DKNG)

DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting and casino, daily fantasy sports, media, and other consumer products, as well as retails sportsbooks. The company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators.

Shares of NASDAQ DKNG traded up $0.81 during midday trading on Friday, hitting $36.16. 18,480,102 shares of the company’s stock were exchanged, compared to its average volume of 9,772,276. DraftKings has a twelve month low of $28.69 and a twelve month high of $53.61. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.93 and a quick ratio of 1.00. The firm has a market cap of $31.93 billion, a P/E ratio of -34.11, a PEG ratio of 1.43 and a beta of 1.89. The stock’s 50 day moving average price is $35.58 and its 200-day moving average price is $39.27.

Walt Disney (DIS)

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.

Shares of NYSE:DIS traded down $0.21 during trading hours on Friday, hitting $104.91. 4,990,200 shares of the company’s stock traded hands, compared to its average volume of 10,028,597. The company’s fifty day simple moving average is $93.92 and its two-hundred day simple moving average is $104.05. The company has a market cap of $189.66 billion, a price-to-earnings ratio of 34.17, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. Walt Disney has a 52 week low of $80.10 and a 52 week high of $118.63.