옵션 체인은 다양한 행사가격과 만기일에 대한 AMC Networks의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 AMC Networks에 대한 시장 심리를 평가합니다..

AMC Networks (NASDAQ:AMCX) 주식, 옵션 체인

AMC Networks

AMC Networks owns several linear pay-TV networks, including AMC, WE tv, BBC America, IFC, and SundanceTV. AMC, its most widely distributed network, reached nearly 65 million pay-TV households in the US at the end of 2023. The firm also had nearly 11.5 million US streaming subscribers, with AMC+ as the flagship streaming platform. With both its linear networks and streaming offerings, the firm caters to specific niche audiences. Over the last 15 years, AMC has shifted its focus to original scripted programming from classic movies. It creates content through AMC Studios and also generates revenue from licensing content. Following an international divestiture at the end of 2023, domestic operations make up nearly 90% of total revenue.

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AMCX

DOCS

SATS

TTWO

금요일 아침 (현지 시간 기준) 미국 주식 선물이 상승하면서 오늘 투자자의 관심을 끌 수 있는 일부 주식은 다음과 같다:  월스트리트는 에코스타 코퍼레이션(NASDAQ:SATS)이 개장 전에 39억 8천만 달러의 매출과 주당 25센트의 분기 손실을 보고할 것으로 예상하고 있다. 에코스타의 주가는 시간외 거래에서 0.4% 하락한 20.00달러를 기록했다.

금요일 주목해야 할 주식: 테이크투 인터랙티브, 에코스타, 닥시미티 그리고 2종목

AMC Networks Inc

Morgan Stanley analyst Thomas Yeh maintains AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) with a Underweight and lowers the price target from $10 to $9.

Price Target

Analyst Ratings

Morgan Stanley Maintains Underweight on AMC Networks, Lowers Price Target to $9

<h3>Gainers</h3>
<ul>
<li>CarGurus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARG#NASDAQ">CARG</a>) stock rose 13.9% to $38.0 during Friday's pre-market session. The market value of their outstanding shares is at $3.9 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>Webtoon Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBTN#NASDAQ">WBTN</a>) shares increased by 11.33% to $13.06. The company's market cap stands at $1.6 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Kuke Music Hldg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KUKE#NYSE">KUKE</a>) shares rose 11.11% to $0.46. The market value of their outstanding shares is at $18.1 million. </li>
<li>Gray Television (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) shares increased by 9.89% to $8.33. The company's market cap stands at $830.2 million. The company's, Q3 earnings came out today. </li>
<li>AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) stock rose 8.98% to $9.1. The market value of their outstanding shares is at $401.2 million. As per the news, the Q3 earnings report came out today. </li>
<li>Lytus Technologies Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYT#NASDAQ">LYT</a>) shares moved upwards by 7.87% to $1.78. The market value of their outstanding shares is at $3.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Gray Television (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) shares fell 16.2% to $4.85 during Friday's pre-market session. The company's market cap stands at $483.3 million. The company's, Q3 earnings came out today. </li>
<li>Pinterest (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) stock declined by 13.95% to $29.2. The company's market cap stands at $20.0 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) stock declined by 12.71% to $115.69. The market value of their outstanding shares is at $56.8 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Fangdd Network Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) stock fell 12.32% to $1.21. The market value of their outstanding shares is at $16.3 million. </li>
<li>DoubleDown Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDI#NASDAQ">DDI</a>) stock declined by 7.19% to $14.85. The company's market cap stands at $735.8 million. </li>
<li>Nextdoor Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIND#NYSE">KIND</a>) shares decreased by 7.05% to $2.64. The market value of their outstanding shares is at $1.0 billion. As per the news, the Q3 earnings report came out 2 days ago. 
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Communication Services Stocks Moving In Friday's Pre-Market Session

AMC Networks Inc&nbsp;(NASDAQ: AMCX)&nbsp;reported a fiscal third-quarter 2024 revenue decline of 5.9% year over year to $599.6 million, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/g41842840/amc-networks-inc-reports-third-quarter-2024-results" rel="noreferrer noopener">analyst consensus estimate of $587.6 million</a>.
The American entertainment company's adjusted EPS of 91 cents fell 50.8% yearly, beating the <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">analyst consensus estimate of 62 cents</a>. 
Domestic Operations:&nbsp;Affiliate revenue decreased 13% to $164 million due to&nbsp;basic&nbsp;subscriber declines.
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<ul>
<li>Advertising revenues decreased 10% Y/Y to $133 million due to anticipated linear ratings declines and a challenging ad market.&nbsp;</li>
<li>Content licensing revenues increased 31% to $81 million due to the availability of deliveries.</li>
<li>Despite these setbacks, AMC Networks reported that streaming subscribers increased by 5% to 11.8 million compared to 11.1 million subscribers as of Sept. 30, 2023.</li>
<li>Streaming revenues of $152 million increased by 7%, primarily driven by year-over-year streaming subscriber growth and price increases.</li>
<li>The consolidated adjusted operating income decreased 19% to $150 million, with free cash flow at $53.94 million.</li>
</ul>
CEO Kristin Dolan emphasized the company's focus on critical strategic pillars: programming, partnerships, and profitability. 
Dolan noted significant progress in all three areas during the quarter. 
Year-to-date, the company has generated $293 million in free cash flow, moving steadily toward its goal of around $500 million in cumulative free cash over two years. 
Dolan also highlighted new and expanded partnerships with significant players like Charter Communications, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>), Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), and Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), which are helping drive the company forward while delivering unique, high-quality programming across a growing range of platforms.
Price Action: AMC Networks stock is up 4.79% to $8.75 premarket at the last check on Friday. It plunged close to 57% year-to-date as the company&#8217;s adjusted EPS missed the consensus in the last 3 quarters.
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AMC Networks Q3 Earnings: Streaming Subscriber Growth Shines Amid Ad Revenue Dip Bolstered By Netflix, Amazon Partnerships

AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) reported quarterly earnings of $0.91 per share which beat the analyst consensus estimate of $0.62 by 46.77 percent. The company reported quarterly sales of $600.00 million which beat the analyst consensus estimate of $587.60 million by 2.11 percent. This is a 5.80 percent decrease over sales of $636.95 million the same period last year.

Earnings Beats

AMC Networks Q3 2024 Adj EPS $0.91 Beats $0.62 Estimate, Sales $600.00M Beat $587.60M Estimate

AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) will release its quarterly earnings report on Friday, 2024-11-08. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate AMC Networks to report an earnings per share (EPS) of $0.80.
The market awaits AMC Networks's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.28, which was followed by a 0.0% drop in the share price the next day.
Here's a look at AMC Networks's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.52</td>
<td>1.67</td>
<td>0.89</td>
<td>1.28</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.24</td>
<td>1.16</td>
<td>0.72</td>
<td>1.85</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-5.0%</td>
<td>-4.0%</td>
<td>-15.0%</td>
<td>14.000000000000002%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730991730_0.png" alt="eps graph" />
<h3>Performance of AMC Networks Shares</h3>
Shares of AMC Networks were trading at $8.39 as of November 06. Over the last 52-week period, shares are down 39.78%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<h3>Analyst Opinions on AMC Networks</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding AMC Networks.
With 2 analyst ratings, AMC Networks has a consensus rating of Buy. The average one-year price target is $9.5, indicating a potential 13.23% upside.
<h3>Comparing Ratings with Peers</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of and E W Scripps, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>The consensus among analysts is an Buy trajectory for E W Scripps, with an average 1-year price target of $9.0, indicating a potential 7.27% upside.</li>
</ul>
<h3>Summary of Peers Analysis</h3>
The peer analysis summary presents essential metrics for and E W Scripps, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>AMC Networks</td>
<td>Buy</td>
<td>-7.76%</td>
<td>$345.21M</td>
<td>-2.74%</td>
</tr>
<tr>
<td>E W Scripps</td>
<td>Buy</td>
<td>14.08%</td>
<td>$328.81M</td>
<td>4.09%</td>
</tr>
</tbody>
</table>

Key Takeaway:
AMC Networks ranks lower in Revenue Growth compared to its peer. It also has lower Gross Profit and Return on Equity.
<h3>Get to Know AMC Networks Better</h3>
AMC Networks owns several linear pay-TV networks, including AMC, WE tv, BBC America, IFC, and SundanceTV. AMC, its most widely distributed network, reached nearly 65 million pay-TV households in the US at the end of 2023. The firm also had nearly 11.5 million US streaming subscribers, with AMC+ as the flagship streaming platform. With both its linear networks and streaming offerings, the firm caters to specific niche audiences. Over the last 15 years, AMC has shifted its focus to original scripted programming from classic movies. It creates content through AMC Studios and also generates revenue from licensing content. Following an international divestiture at the end of 2023, domestic operations make up nearly 90% of total revenue.
<h3>AMC Networks: A Financial Overview</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, AMC Networks faced challenges, resulting in a decline of approximately -7.76% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: AMC Networks's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of -4.67%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of -2.74%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): AMC Networks's ROA excels beyond industry benchmarks, reaching -0.6%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 2.36, AMC Networks adopts a prudent financial strategy, indicating a balanced approach to debt management.
<a href="https://www.benzinga.com/quote/AMCX/earnings">To track all earnings releases for AMC Networks visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Look at AMC Networks's Upcoming Earnings Report

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
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<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e983861405d5b0001b0a1bb/samad-samana">Jefferies analyst Samad Samana </a>upgraded Paylocity Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCTY#NASDAQ">PCTY</a>) from Hold to Buy and raised the price target from $145 to $200. Paylocity shares closed at $171.45 on Monday. <a href="https://www.benzinga.com/quote/pcty/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup analyst Vikram Bagri upgraded the rating for First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) from Neutral to Buy and raised the price target from $200 to $254. First Solar shares closed at $196.25 on Monday. <a href="https://www.benzinga.com/quote/fslr/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58b05502b85e93000174c0f1/andrew-kaplowitz">Citigroup analyst Andrew Kaplowitz</a> upgraded Fluor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) from Neutral to Buy and raised the price target from $52 to $65. Fluor shares closed at $53.86 on Monday. <a href="https://www.benzinga.com/quote/flr/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Seaport Global analyst David Joyce upgraded AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) from Neutral to Buy and announced a price target of $11. AMC Networks shares closed at $7.76 on Monday. <a href="https://www.benzinga.com/quote/amcx/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS analyst Nasib Ahmed upgraded the rating for Aegon Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEG#NYSE">AEG</a>) from Neutral to Buy. Aegon shares closed at $6.35 on Monday. <a href="https://www.benzinga.com/quote/aeg/analyst-ratings">See how other analysts view this stock.</a></li>
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Seaport Global analyst David Joyce upgrades AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) from Neutral to Buy and announces $11 price target.

Seaport Global Upgrades AMC Networks to Buy, Announces $11 Price Target

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Roku Announces Launch Of AMC+ With Ads As A Premium Subscription On The Roku Channel; Launches Ad-Supported AMC+ Subscription For $4.99/Month, Offering The Same Series And Films As The Ad-Free Version

U.S. stocks traded higher toward the end of trading, with the S&amp;P 500 gaining around 1% on Monday.
The Dow traded up 1.08% to 40,781.71 while the NASDAQ rose 0.76% to 16,818.23. The S&amp;P 500 also rose, gaining, 0.95% to 5,459.48.
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Leading and Lagging Sectors Consumer discretionary shares surged by 1.8% on Monday.
In trading on Monday, communication services shares rose by just 0.1%.
Top Headline
U.S. wholesale inventories increased by 0.2% month-over-month to $903.5 billion in July compared to a preliminary reading of a 0.3% rise, and versus a revised flat reading a month ago.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
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<li>Sintx Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SINT#NASDAQ">SINT</a>) shares shot up 87% to $5.26 after the company announced it received a Notice of Allowance from the United States Patent and Trademark Office for patent application no. 17/634,141 entitled &#8220;Methods of Surface Functionalization of Zirconia-Toughed Alumina with Silicon Nitride Ceramic.&#8221;</li>
<li>Shares of Intelligent Bio Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBS#NASDAQ">INBS</a>) got a boost, surging 40% to $2.2125 after the company announced preliminary fourth-quarter revenue results of $730K and FY24 revenue of $3.11 million.</li>
<li>Relay Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RLAY#NASDAQ">RLAY</a>) shares were also up, gaining 63% to $10.18 after the company reported interim data for its breast cancer treatment.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Edgio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGIO#NASDAQ">EGIO</a>) shares dropped 80% to $1.22. Edgio launched a strategic financial restructuring to facilitate sale and strengthen operations.</li>
<li>Shares of Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) were down 64% to $0.2927 after the company entered into exchange agreements to swap Series A preferred stock and warrants for Series C preferred stock, convertible at $0.45 per share.</li>
<li>AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) was down, falling 10% to $8.12. CSW Industrials Inc. (NASD: CSWI) will replace AMC Networks in the S&amp;P SmallCap 600.</li>
</ul>
Commodities In commodity news, oil traded up 1.3% to $68.54 while gold traded up 0.2% at $2,529.60.
Silver traded up 1.6% to $28.62 on Monday, while copper rose 1.6% to $4.14.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.82%, Germany's DAX gained 0.77% and France's CAC 40 rose 0.99%. Spain's IBEX 35 Index rose 0.89%, while London's FTSE 100 rose 1.09%.
The BNP Paribas Real Estate Construction PMI in Ireland edged higher to 50.0 in August from 49.9 in July.
Asia Pacific Markets
Asian markets closed mostly lower on Monday, with Japan's Nikkei 225 falling 0.48%, Hong Kong's Hang Seng Index declining 1.42%, China's Shanghai Composite Index falling 1.06% and India's BSE Sensex gaining 0.46%.
Foreign exchange reserves in Singapore declined to SGD 501.3 billion in August compared to SGD 506.4 billion a month ago. The gauge for Japan's service sector rose to 49.0 in August versus 47.5 in the prior month, while the country' economy expanded by 2.9% on an annualized basis during the second quarter.
China&#8217;s annual inflation rate accelerated to 0.6% in August from 0.5% in the prior month, while producer prices fell by 1.8% year-over-year in August.
Economics
<ul>
<li>The Manheim Used Vehicle Value Index rose 1.2% month-over-month in August compared to a 2.8% gain in July.</li>
<li>U.S. wholesale inventories increased by 0.2% month-over-month to $903.5 billion in July compared to a preliminary reading of a 0.3% rise, and versus a revised flat reading a month ago.</li>
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U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 200 points on Monday.
The Dow traded up 1.04% to 40,764.12 while the NASDAQ rose 1.31% to 16,908.76. The S&amp;P 500 also rose, gaining, 1.09% to 5,467.56.
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Leading and Lagging Sectors Consumer discretionary shares surged by 1.7% on Monday.
In trading on Monday, utilities shares fell by 0.1%.
Top Headline
U.S. wholesale inventories increased by 0.2% month-over-month to $903.5 billion in July compared to a preliminary reading of a 0.3% rise, and versus a revised flat reading a month ago.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Sintx Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SINT#NASDAQ">SINT</a>) shares shot up 100% to $5.63 after the company announced it received a Notice of Allowance from the United States Patent and Trademark Office for patent application no. 17/634,141 entitled &#8220;Methods of Surface Functionalization of Zirconia-Toughed Alumina with Silicon Nitride Ceramic.&#8221;</li>
<li>Shares of Intelligent Bio Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBS#NASDAQ">INBS</a>) got a boost, surging 78% to $2.8150 after the company announced preliminary fourth-quarter revenue results of $730K and FY24 revenue of $3.11 million.</li>
<li>Relay Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RLAY#NASDAQ">RLAY</a>) shares were also up, gaining 45% to $9.06 after the company reported interim data for its breast cancer treatment.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Edgio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGIO#NASDAQ">EGIO</a>) shares dropped 77% to $1.42. Edgio launched a strategic financial restructuring to facilitate sale and strengthen operations.</li>
<li>Shares of Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) were down 63% to $0.2974 after the company entered into exchange agreements to swap Series A preferred stock and warrants for Series C preferred stock, convertible at $0.45 per share.</li>
<li>AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) was down, falling 10% to $8.09. CSW Industrials Inc. (NASD: CSWI) will replace AMC Networks in the S&amp;P SmallCap 600.</li>
</ul>
Commodities In commodity news, oil traded up 0.5% to $68.01 while gold traded up 0.1% at $2,526.60.
Silver traded up 1.2% to $28.51 on Monday, while copper rose 1.2% to $4.1225.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.79%, Germany's DAX gained 0.72% and France's CAC 40 rose 0.95%. Spain's IBEX 35 Index rose 0.85%, while London's FTSE 100 rose 0.85%.
The BNP Paribas Real Estate Construction PMI in Ireland edged higher to 50.0 in August from 49.9 in July.
Asia Pacific Markets
Asian markets closed mostly lower on Monday, with Japan's Nikkei 225 falling 0.48%, Hong Kong's Hang Seng Index declining 1.42%, China's Shanghai Composite Index falling 1.06% and India's BSE Sensex gaining 0.46%.
Foreign exchange reserves in Singapore declined to SGD 501.3 billion in August compared to SGD 506.4 billion a month ago. The gauge for Japan's service sector rose to 49.0 in August versus 47.5 in the prior month, while the country' economy expanded by 2.9% on an annualized basis during the second quarter.
China&#8217;s annual inflation rate accelerated to 0.6% in August from 0.5% in the prior month, while producer prices fell by 1.8% year-over-year in August.
Economics
<ul>
<li>The Manheim Used Vehicle Value Index rose 1.2% month-over-month in August compared to a 2.8% gain in July.</li>
<li>U.S. wholesale inventories increased by 0.2% month-over-month to $903.5 billion in July compared to a preliminary reading of a 0.3% rise, and versus a revised flat reading a month ago.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/earnings/24/09/40771191/oracle-gears-up-for-q1-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-a">Oracle Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>

Nasdaq Surges Over 1%; US Wholesale Inventories Rise 0.2% In July

General

AMC Networks shares are trading lower after the company announced they have agreed to an early renewal of their distribution agreement that will allow Charter to carry the portfolio of linear cable networks for multiple years.

Ad-Supported AMC+ will be Included in All Spectrum TV Select Packages at No Additional Cost to Customers&nbsp;&nbsp;
Charter to Make AMC+ Available for Purchase by Internet-Only Customers&nbsp;&nbsp;
NEW YORK and STAMFORD, Conn., Sept. 4, 2024 /PRNewswire/ -- AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) and Charter Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) today announced they have agreed to an early renewal of their distribution agreement that will allow Charter to carry AMC Networks' portfolio of linear cable networks for multiple years to come. Continuing Charter's industry-leading strategy of including programmer streaming apps in the cable bundle to enhance the value proposition, the ad-supported version of AMC Networks' direct-to-consumer streaming service AMC+ will be included at no additional cost to Charter's Spectrum TV Select customers. Additionally, Charter will make AMC+ available for purchase to its millions of Internet-only customers.&nbsp;

Contracts

AMC Networks And Charter Communications Announced They Have Agreed To An Early Renewal Of Their Distribution Agreement That Will Allow Charter To Carry AMC Networks' Portfolio Of Linear Cable Networks For Multiple Years To Come; Financial Terms Of The Agreement Were Not Disclosed

Wells Fargo analyst Steven Cahall maintains AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) with a Underweight and lowers the price target from $11 to $8.

Wells Fargo Maintains Underweight on AMC Networks, Lowers Price Target to $8

AMC Networks Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) reported a fiscal second-quarter 2024 revenue decline of 7.8% year over year to $625.9 million, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/g40280308/amc-networks-inc-reports-second-quarter-2024-results" rel="noreferrer noopener">analyst consensus estimate of $601.3 million</a>.
The American entertainment company&#8217;s adjusted EPS of $1.24 fell 38.6% year over year and missed the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $1.52</a>.&nbsp;
Domestic Operations:&nbsp;Affiliate revenue decreased 12% to $172 million due to&nbsp;basic&nbsp;subscriber declines. Advertising revenues decreased 11% Y/Y to $149 million due to anticipated linear ratings declines and a challenging ad market.&nbsp;
Content licensing revenues declined 18% to $67 million due to the availability of deliveries in the period.
Despite these setbacks, AMC Networks reported that streaming subscribers increased by 5% to 11.6 million compared&nbsp;to 11.0 million subscribers as of June 30, 2023.
Streaming revenues of $150 million increased 9%, primarily driven by year-over-year streaming subscriber growth and price increases.
The consolidated adjusted operating income decreased 13.6% to $152.8 million, with free cash flow at $95.2 million.
AMC Networks booked impairment and other charges of $97 million for the quarter, which primarily consisted of a $68 million goodwill impairment charge at AMC Networks International U.K. and $29 million of long-lived asset impairment charges at BBC America.
CEO Kristin Dolan&nbsp;said: &#8220;Key to our plan is the creation and curation of celebrated films and series, and making them available to audiences everywhere, including through an exciting new branded content licensing agreement with Netflix. In the first half of 2024, we&#8217;ve made significant progress against our strategic priority of generating strong free cash flow, and we&#8217;re well on our way to achieving our free cash flow guidance for the full year.&#8221;
AMC Networks lost 20% in the last 12 months.
Price Action: AMCX shares were trading lower by 2.82% to $10.01 premarket at the last check on Friday.

Guidance

AMC Networks Takes $97M Impairment Hit In Q2, Reaffirms Strong Free Cash Flow Outlook

Operational Highlights:
<ul>
<li>Expanded our longstanding relationship with Netflix by striking an innovative deal to strategically curate and window prior seasons of 15 AMC branded shows on their platform, launching on August 19th.</li>
<li>Entered into a new licensing partnership with Sky, making Sky the new home of The Walking Dead Universe in the UK.</li>
</ul>

AMC Networks Has Expanded Relationship With Netflix To Strategically Curate Prior Seasons Of 15 AMC Branded Shows On Their Platform, Launching Aug 19

AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) reported quarterly earnings of $1.24 per share which missed the analyst consensus estimate of $1.52 by 18.42 percent. This is a 38.61 percent decrease over earnings of $2.02 per share from the same period last year. The company reported quarterly sales of $625.940 million which beat the analyst consensus estimate of $601.343 million by 4.09 percent. This is a 7.76 percent decrease over sales of $678.628 million the same period last year.

Earnings Misses

AMC Networks Q2 2024 Adj. EPS $1.24 Misses $1.52 Estimate, Sales $625.940M Beat $601.343M Estimate

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Extreme Fear&#8221; zone on Thursday.
U.S. stocks settled higher on Thursday, with the S&amp;P 500 index, as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), notching its best daily performance since January 2023.
On the economic data front, U.S. initial jobless claims declined by 17,000 to 230,000 in the week ending August 3, compared to market estimates of 240,000. U.S. wholesale inventories increased by 0.2% month-over-month to $903 billion in June, compared to a revised 0.5% rise in the earlier month.
US Foods Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USFD#NYSE">USFD</a>) reported better-than-expected sales for the second quarter. Eli Lilly And Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) reported better-than-expected second-quarter financial results and raised its full-year guidance.
All sectors on the S&amp;P 500 closed on a positive note, with communication services, industrials, and information technology stocks recording the biggest gains on Thursday.
The Dow Jones closed higher by around 683 points to 39,446.49 on Thursday. The S&amp;P 500 rose 2.30% at 5,319.31, while the Nasdaq Composite jumped 2.87% at 16,660.02 during Thursday's session.
Investors are awaiting earnings results from EchoStar Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>), American Axle &amp; Manufacturing Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>), and AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 21.7, the index remained in the &#8220;Extreme Fear&#8221; zone on Thursday, versus a prior reading of 19.6.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40253347/top-3-utilities-stocks-that-could-lead-to-your-biggest-gains-this-month"> </a>
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40253347/top-3-utilities-stocks-that-could-lead-to-your-biggest-gains-this-month">Top 3 Utilities Stocks That Could Lead To Your Biggest Gains This Month</a></li>
</ul>

USFD

S&P 500 Records Best Session Since January 2023: Investor Sentiment Improves, But Greed Index Remains In 'Extreme Fear' Zone

With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects EchoStar Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) to report a quarterly loss at 25 cents per share on revenue of $3.98 billion before the opening bell, according to data from Benzinga Pro. EchoStar shares fell 0.4% to $20.00 in after-hours trading.</li>
<li>Take-Two Interactive Software Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) shares gained in after-hours trading after the company <a href="https://www.benzinga.com/news/earnings/24/08/40271345/take-two-interactive-software-stock-jumps-on-q2-earnings-what-investors-need-to-know">reported fiscal first-quarter financial results</a>. The company said first-quarter revenue rose 5% year-over-year to $1.34 billion. Net bookings came in at $1.22 billion, up 1% on a year-over-year basis. Take-Two shares climbed 5.3% in the after-hours trading session to $146.13.</li>
<li>Analysts are expecting American Axle &amp; Manufacturing Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) to post quarterly earnings at 11 cents per share on revenue of $1.58 billion. The company will release earnings before the markets open. American Axle shares gained 0.3% to $6.23 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Doximity, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCS#NYSE">DOCS</a>) <a href="https://www.benzinga.com/news/earnings/24/08/40269788/doximity-stock-soars-on-q1-earnings-the-details">reported</a> better-than-expected first-quarter financial results and issued strong FY24 revenue guidance. Doximity&#8217;s first-quarter revenue increased 17% year-over-year to $126.68 million, beating the consensus estimate of $119.92 million, according to Benzinga Pro. The company reported adjusted earnings of 28 cents per share, beating analyst estimates of 22 cents per share. Doximity shares jumped 28.5% to $32.97 in the after-hours trading session.</li>
<li>Analysts expect AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) to post quarterly earnings at $1.52 per share on revenue of $601.34 million before the opening bell. AMC Networks shares gained 0.4% to $10.34 in after-hours trading.</li>
</ul>
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</ul>
Photo courtesy: Take Two Interactive

Take-Two, EchoStar And 3 Stocks To Watch Heading Into Friday

After spiking in the first quarter of 2024, inflation has been weakening from April. In fact, per the June data, the annual rate of inflation dropped to its lowest level in more than two years, raising hopes of a rate cut in September. This bodes well as low interest rates improve consumer outlays, decrease the cost of borrowings and, in turn, boost economic growth.
Additionally, second-quarter quarter earnings have been impressive so far, with many companies reporting better-than-expected earnings per share. Given this brightening scenario, investors would like to design a winning portfolio of stocks for impressive returns. One way to do so is by following broker advice. Stocks like ADTRAN (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adtn#NASDAQ">ADTN</a>), Bread Financial (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bfh#NYSE">BFH</a>), Owens &amp; Minor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/omi#NYSE">OMI</a>), Bally&#39;s Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baly#NYSE">BALY</a>) and AMC Networks (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amcx#NASDAQ">AMCX</a>) are worth monitoring.
We have designed a screen to shortlist stocks based on improving broker recommendations and upward revisions in earnings estimates over the past four weeks. Also, since the price/sales ratio is a strong complementary valuation metric in the presence of broker information, it has been included. The price/sales ratio takes care of the company&#39;s top line, making the strategy a well-rounded one.
<h3>Screening Criteria</h3>
# (Up- Down Rating)/ Total (4 weeks) =Top #75&nbsp;(This gives the list of the top 75 companies that have witnessed net upgrades over the last 4 weeks).
% change in Q (1) est. (4 weeks) = Top #10&nbsp;(This gives the top 10 stocks that have witnessed earnings estimate revisions over the past 4 weeks for the upcoming quarter).
Price-to-Sales = Bot%10&nbsp;(The lower the ratio, the better. Companies meeting this criterion are in the bottom 10% of our universe of over 7,700 stocks with respect to this ratio).
Price greater than 5&nbsp;(as a stock trading below $5 will not likely create significant interest for most of the investors).
Average Daily Volume greater than 100,000 shares over the last 20 trading days&nbsp;(Volume has to be significant to ensure that these are easily traded).
Market value ($ mil) = Top #3000&nbsp;(This gives us stocks that are the top 3000 in terms of market capitalization).
Com/ADR/Canadian= Com&nbsp;(This takes out the ADR and Canadian stocks).
Here are five of the 10 stocks that made it through the screen:
ADTRAN is poised to capitalize on its strengths in ultra-broadband and fiber-to-the-home solutions along with Software-Defined or SD access and Ethernet passive optical network solutions. Its global leadership in SD access is likely to ensure a steady stream of revenues as it helps clients reduce costs and accelerate service delivery and deployment.
ADTN currently carries a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for ADTN&#39;s 2024 earnings has remained stable over the past 60 days.
Bread Financial is based in Columbus, OH. The company continues to benefit from data-driven marketing strategies. Solid receivables growth in Card Services should drive its top line. Acquisitions and divestitures will aid the company in growing inorganically and expanding its international footprint.
Over the past 60 days, the Zacks Consensus Estimate for BFH&#39;s current-quarter earnings has increased 31%. Bread Financial currently carries a Zacks Rank #3.
Owens &amp; Minor is a global healthcare solutions company. Shares of this Zacks Rank #3 company have gained 28% in the past month. In 2024, the company&#39;s earnings are expected to witness growth of 14.7% from 2023 actuals.
The Zacks Consensus Estimate for Owens &amp; Minor&#39;s 2024 earnings is currently pegged at $1.56 per share, indicating a 2% upward revision over the past 30 days. OMI&#39;s earnings surpassed estimates in each of the last four quarters, with an average beat of 11.1%.
Bally&#39;s shares have been moving north lately following news of its merger agreement with Standard General L.P., valued at approximately $4.6 billion. The agreement involves combining Bally&#39;s with The Queen Casino &amp; Entertainment Inc., a regional casino operator.&nbsp;
Over the past 60 days, the Zacks Consensus Estimate for BALY&#39;s current-quarter earnings has increased 57%. The company currently carries a Zacks Rank #2 (Buy).
AMC Networks is benefiting from a rising focus on high-quality programming and strong partnerships, which, in turn, are driving subscriber growth and ad revenues.
Over the past 60 days, the Zacks Consensus Estimate for AMCX&#39;s current-quarter earnings has remained stable at $1.38 per share. The radio and television broadcast company currently carries a Zacks Rank #3.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
<a href="https://www.zacks.com/stock/news/2315768/5-stocks-loved-by-brokers-worth-watching-currently?cid=CS-BENZ-FT-analyst_blog|rw-2315768">To read this article on Zacks.com click here.</a>

Mid Cap

Small Cap

ADTN

BALY

5 Stocks Loved by Brokers Worth Watching Currently

In a report released yesterday, Steven Cahall from Wells Fargo maintained a Sell rating on AMC Networks (AMCX – Research Report), with a price targ...

Sell Rating on AMC Networks Despite Q3 Success: Concerns Over Sustainable Growth and Financial Flexibility

Seaport Global analyst David Joyce reiterated a Buy rating on AMC Networks (AMCX – Research Report) today and set a price target of $11.00. The com...

Seaport Global Sticks to Its Buy Rating for AMC Networks (AMCX)

Doug Creutz, an analyst from TD Cowen, reiterated the Hold rating on AMC Networks (AMCX – Research Report). The associated price target remains the...

AMC Networks: Hold Rating Maintained Amid Modest Adjustments Post Q3 2024 Results

Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on AMC Networks (AMCX – Research Report) ...

Analysts Offer Insights on Communication Services Companies: AMC Networks (AMCX) and Match Group (MTCH)

Morgan Stanley analyst Thomas Yeh lowered the firm's price target on AMC Networks (AMCX) to $9 from $10 and keeps an Underweight rating on the shar...

AMC Networks price target lowered to $9 from $10 at Morgan Stanley

GAB: Risks Abound For This Underperforming Equity CEF

The music streaming industry has seen explosive growth in recent years, fueled by a free-to-use model and impressive user expansion. That said, does Spotify Technology's (SPOT) dominant position in this booming sector make it a prime investment opportunity? Read on… Spotify Technology S.A. (<a href="https://stocknews.com/stock/SPOT/">SPOT</a>) dances at the forefront of the music streaming market, driven by its massive influence, growing user base, and cutting-edge innovations. With enhanced AI-powered music recommendations and groundbreaking podcast monetization systems, SPOT is reshaping how we consume audio content.
Recently, SPOT unveiled an exciting Beta launch of Music Videos in 85 new markets, expanding the feature to 97 markets worldwide. Premium subscribers can now immerse themselves in the visual worlds of their favorite artists, adding a new layer of engagement to the streaming experience.
Building on its AI edge, SPOT also introduced <a href="https://s29.q4cdn.com/175625835/files/doc_financials/2024/q3/Q3-2024-Shareholder-Deck-FINAL.pdf">the AI Playlist Beta</a> to the United States, Canada, Ireland, and New Zealand. The feature empowers Premium subscribers to craft custom playlists simply by typing prompts, showcasing the company's commitment to making personalization seamless and fun for its users.
Furthering its mission to connect creators and audiences, SPOT has rolled out comments for podcasts. The new feature enhances interactivity, giving podcast creators a direct way to engage with listeners and grow their communities. These innovations underscore SPOT's determination to dominate the digital audio landscape with user-focused improvements.
The company's fiscal 2024 third-quarter report highlights remarkable growth. Total monthly active users soared by 11.5% year-over-year to 640 million, with premium subscribers and ad-supported users climbing to 252 million and 402 million, respectively. The numbers tell a story of sustained user acquisition and deepening engagement.
Investors have plenty to celebrate. SPOT's stock surged 54.2% in the last six months and an extraordinary 159.6% over the past year, closing at $475.24 in the latest trading session. The remarkable performance reflects the company's ability to capitalize on the booming streaming industry, cementing its position as a market leader.
So, let us take a closer look at the factors that could influence SPOT's performance in the near future.
Recent Developments
SPOT's audiobook catalog, with <a href="https://newsroom.spotify.com/2024-11-26/audiobook-authors-and-publishers-get-a-new-suite-of-tools-with-the-launch-of-spotify-for-authors/">over 300,000 titles and counting</a>, continues to expand its global reach. On November 26, the company launched Spotify for Authors, a platform designed to provide authors and publishers with better tools and data to maximize their success on Spotify.
The new initiative strengthens SPOT's growth by empowering those behind the audiobook content listeners love. By supporting authors and publishers, SPOT could deepen its foothold in the audiobook market, contributing to its overall expansion and continued success in the streaming industry.
In addition, SPOT's partnership with Emirates, announced on November 6, further <a href="https://newsroom.spotify.com/2024-11-06/emirates-and-spotify-partner-to-take-inflight-entertainment-to-new-heights/">accelerates the company's global reach</a>. With SPOT's curated playlists and podcasts now available on Emirates' award-winning ice system, passengers can enjoy premium audio content, expanding SPOT's presence beyond typical streaming platforms.
These moves not only broaden the company's content offerings but also demonstrate how strategic partnerships and innovations are driving the company's continued growth and global expansion.
Sound Historical Growth
Over the past five years, SPOT's revenue has grown at a CAGR of 18.7%. Meanwhile, its EBITDA rose at a CAGR of 47.7%. Plus, the company's operation income (EBIT) and total assets increased at CAGRs of 62.8% and 16%, respectively.
Furthermore, during the same time frame, the company's net income and EPS grew at respective CAGRs of 8.6% and 7.9%. The sustained performance highlights the company's strong growth trajectory over the last few years.
Strong Financials
For the fiscal third quarter that ended September 30, 2024, SPOT's revenue increased 18.8% year-over-year to €3.99 billion ($4.21 billion). Its gross profit rose 40.1% from the year-ago value to €1.24 billion ($1.31 billion). Moreover, the company's <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> increased significantly year-over-year to €454 million ($478.96 million).
In addition, SPOT's net income and EPS attributable to owners of the parent rose 361.5% and 339.4% from the prior year's quarter to €300 million ($316.49 million) and €1.45. As of September 30, 2024, the company's total assets amounted to €10.55 billion ($11.13 billion), compared to €8.35 billion ($8.80 billion) on December 31, 2023.
Favorable Analyst Estimates
Analysts predict SPOT's revenue for the fiscal year ending December 2024 to rise 14.6% year-over-year to $16.32 billion. In addition, its EPS for the ongoing fiscal year is expected to come in at $6.10.
Looking further ahead to the next fiscal year ending in December 2025, SPOT is projected to see additional growth, with revenue and EPS forecasted to rise by 14.8% and 56.8% from the prior year to reach $18.73 billion and $9.56, respectively.
High Profitability
SPOT's trailing-12-month ROCE of 20.70% is 400.2% higher than the industry average of 4.09%. Its trailing-12-month asset turnover ratio stands at 1.66x, 236.6% higher than the industry average of 0.49x.
Additionally, SPOT's trailing-12-month net income margin of 4.64% outperforms the industry average of 3.57% by 30%. Moreover, the company boasts a trailing-12-month ROTC of 13.57%, which is 249.9% above the sector average of 3.88%.
POWR Ratings Reflects Optimism
SPOT's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
SPOT boasts an A grade for Growth, highlighting its impressive track record of robust expansion. Moreover, it has a B grade for Quality, which is in sync with its impressive profitability metrics that surpass the industry average.
Within the <a href="https://stocknews.com/category/entertainment-radio/">Entertainment - Radio</a> industry, SPOT is ranked #2 out of 4 stocks. Beyond what is stated above, we have also given SPOT grades for Momentum, Value, Sentiment, and Stability. Get all SPOT ratings <a href="https://stocknews.com/stock/SPOT/">here</a>.
Bottom Line
SPOT has long led the charge in the free-to-use music streaming model, maintaining its top spot through fair monetization strategies, cutting-edge AI-powered music recommendations, and steady user growth across both paid and non-paid subscribers.
With recent breakthroughs in AI-driven music suggestions and podcast monetization, SPOT's influence continues to soar. Its impressive profitability and robust growth metrics make the company a compelling choice for investors looking to capitalize on its upward trajectory and the expanding potential of the streaming market.
How Does Spotify Technology S.A. (SPOT) Stack Up Against Its Peers?
Although SPOT's near-term outlook appears sound, it may be worthwhile to explore its industry peers, who currently exhibit even stronger POWR Ratings. So, consider these A (Strong Buy) and B-rated (Buy) stocks from the <a href="https://stocknews.com/category/entertainment-media-producers/">Entertainment - Media Producers</a> industry:
Sony Group Corporation (<a href="https://stocknews.com/stock/SONY/">SONY</a>)
Alliance Entertainment Holding Corporation (<a href="https://stocknews.com/stock/AENT/">AENT</a>)
AMC Networks Inc. (<a href="https://stocknews.com/stock/AMCX/">AMCX</a>)
What To Do Next?
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SPOT shares were unchanged in premarket trading Friday. Year-to-date, SPOT has gained 152.91%, versus a 27.18% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/spot-sony-aent-amcx-is-spotify-stock-a-melodious-investment-opportunity-right-now/>Is Spotify Stock a Melodious Investment Opportunity Right Now?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Spotify Stock a Melodious Investment Opportunity Right Now?

Welcome to this week's installment of "The Short Interest Report" – The Fly's weekly recap of short interest trends among some of the most widely f...

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ACHR

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CMCSA

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FOXA

FWONK

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PARA

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SONY

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Press Releases

AMC Networks Inc. Announces Private Offering of $125 Million of Convertible Senior Notes

AMC Networks Inc. Announces Pricing of $125 Million Offering of Convertible Senior Notes

AMC Networks to Report Second Quarter 2024 Results

Management

AMC Networks General Counsel Jamie Gallagher to Retire at Year End

AMC Networks Inc. Reports Second Quarter 2024 Results

Entertainment

AMC NETWORKS AND CHARTER COMMUNICATIONS ANNOUNCE EARLY MULTI-YEAR RENEWAL AGREEMENT FOR DISTRIBUTION OF AMC NETWORKS' LINEAR NETWORKS AND DIRECT-TO-CONSUMER STREAMING SERVICE

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