Read the full article on Traders' Insight.
Excerpt:
- 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).
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