Promising Entertainment Stocks to Watch - March 28th

According to recent insights, five entertainment stocks stand out as notable picks to follow today: Endeavor Group, Alibaba Group, GameStop, Target, and Verizon Communications. These stocks represent companies involved in different facets of entertainment, including movies, television, music, gaming, and live events. The performance of these stocks is shaped by various factors, including consumer preferences, technological advancements, and overall industry trends, presenting both opportunities and risks for investors.

Endeavor Group (EDR)

Endeavor Group Holdings, Inc. functions as a major player in the sports and entertainment sector, operating across the United States, the United Kingdom, and internationally. It is divided into four key segments: Owned Sports Properties, Events, Experiences & Rights, Representation, and Sports Data & Technology. The Owned Sports Properties segment includes significant entities like the Ultimate Fighting Championship and World Wrestling Entertainment, Inc.

The stock for Endeavor Group (NYSE: EDR) traded at $30.05, with over 38 million shares exchanged in just one trading session. This figure significantly surpasses its average trading volume of about 3 million shares. The company boasts a market capitalization of $20.62 billion and is currently rated with a price-to-earnings ratio of -14.66, indicative of its volatile market position. The stock peaked at $35.99 and reached a low of $25.07 over the last year.

Alibaba Group (BABA)

Alibaba Group Holding Limited is a leading technology infrastructure and marketing platform, assisting businesses to engage with consumers across China and globally. The company's operations span various sectors, including China Commerce, International Commerce, Cloud Services, and Digital Media and Entertainment.

As of mid-day trading on Friday, shares of Alibaba (NYSE: BABA) dropped to $132.13, with trading volumes of approximately 8 million shares compared to an average of nearly 19 million. Alibaba's market capitalization stands at $313.94 billion, alongside a price-to-earnings ratio of 19.10, indicating a stable investment despite the recent fluctuations. The stock saw a yearly low of $68.36 and a high of $148.43.

GameStop (GME)

GameStop Corp. is recognized as a retailer that specializes in games and various entertainment products, operating in regions such as the United States, Canada, and Europe. The company deals in both new and pre-owned gaming platforms, accessories, and software.

GameStop shares (NYSE: GME) hit $21.98 during trading on Friday, with a trading volume of over 32 million shares, far exceeding its average of about 20 million. GameStop has experienced significant volatility, with its stock reaching a low of $9.95 and peaking at $64.83 in the last year. The company’s market cap is approximately $9.82 billion.

Target (TGT)

Target Corporation functions as a diverse general merchandise retailer within the United States, providing consumers with a variety of products ranging from clothing to household essentials.

Target's stock (NYSE: TGT) traded at $104.20, down $2.31 during trading hours, with a trading volume of approximately 4.5 million shares. Target’s market cap is about $47.47 billion, and its P/E ratio is 11.07. The stock has fluctuated between a low of $101.76 and a high of $181.86 over the past year.

Verizon Communications (VZ)

Verizon Communications Inc. delivers various communications, information, and entertainment services globally through its subsidiaries. The company operates mainly in two segments: the Consumer Group and the Business Group.

On Friday, shares of Verizon (NYSE: VZ) rose to $45.09, with a trading volume of around 8.5 million shares, below its average of about 19 million. Verizon has a market capitalization of $189.80 billion and a P/E ratio of 10.91, suggesting a stable investment opportunity. Its stock recorded a yearly high of $47.36 and a low of $37.59.

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