Traders' Insight: The Box Office Bounce Back: Entertainment Stocks Produce Strong Returns

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  • Movie stocks have performed well in 2023 despite mixed consumer spending trends
  • While ticket sales are up from a year ago, data show that nothing tops at-home Netflix-and-chill
  • We spotlight key entertainment dates as the summer season heats up

Ditching the dual monitors to take in a big-screen flick is not a bad way to unwind after a long day and busy earnings season. But volatility could be on the way in the space amid a Hollywood writers strike, dismal results from Paramount Global (PARA), and cost cuts at Netflix (NFLX).