Invesco Leisure and Entertainment ETF (ARCA: PEJ)

에 대한 최신 뉴스 Invesco Leisure and Entertainment ETF (ARCA:PEJ)

Invesco Dynamic Leisure and Entertainment ETF

PowerShares Dynamic Leisure & Entertainment Portfolio

Consumer Cyclical

Communication Services

Industrials

Consumer Defensive

Financial Services

Technology

Other

The Fund generally will invest at least 90% of its total assets in securities that comprise the Underlying Index. The Underlying Index is composed of common stocks of U.S. leisure and entertainment companies. These companies are engaged principally in the design, production or distribution of goods or services in the leisure and entertainment industries.

Warner Bros Discovery Inc

Hilton Worldwide Holdings, Inc

Sysco Corp

Royal Caribbean Cruises Ltd

Booking Holdings, Inc.

Airbnb Inc

'domino's Pizza Inc - Common'

Chipotle Mexican Grill Inc. Class A

Cinemark Usa Inc.

Madison Square Garden Entertainment Corp

Doordash Inc

Liberty Media Corp-Liberty Formula One

Expedia Group Inc.

Live Nation Entertainment Inc.

Brinker International Inc

Fox Corp. Class A

Carnival Corp

United Airlines Holdings Inc

Delta Air Lines Inc.

Sportradar Group Ag

Darden Restaurants Inc

Invesco Leisure and Entertainment ETF

airplane shutter2

Sector ETFs

Travel

ETFs

ABNB

AWAY

BKNG

EXPE

JETS

NCLH

PowerShares ETF Leisure & Entertainment Port

여행 업계가 예상치 못한 난기류를 겪으면서 여행에 초점을 맞춘 ETF가 흔들리고 있다. 항공사가 매출 전망치를 낮추고, 예약 플랫폼이 어려움을 겪고, 호텔과 크루즈 선사의 주가가 하락하면서 여행 ETF 투자자들은 포트폴리오 하락을 지켜보고 있다. 여행 섹터를 추적하면서 압박을 받고 있는 세 가지 ETF는 다음과 같다. 

여행 주식 하락으로 영향 받은 ETF 3종목

Warner Bros. Discovery

News

CMCSA

워너 브라더스 디스커버리(NASDAQ:WBD)의 주가는 이사회가 회사의 새로운 기업 구조를 승인한 후 목요일 15% 이상 급등했다. 이번 새로운 기업 구조에 따라, 워너 브라더스 디스커버리는 글로벌 리니어 네트웍스(Global Linear Networks)와 스트리밍 앤드 스튜디오(Streaming &amp; Studios)라는 두 개의 운영 부서로 나뉘게 됩니다.

워너 브라더스 주식이 이사회의 구조조정 계획 승인으로 목요일 15% 이상 급등

Royal Caribbean Visa Signature Card

Analyst Color

Equities

Large Cap

Analyst Ratings

Trading Ideas

CRUZ

로얄 캐리비안 크루즈(NYSE:RCL)의 주가가 화요일에 혼재된 3분기 실적을 발표 후 3% 이상 상승했다. 매출은 전년 대비 17.5% 증가한 48억 9천만 달러로, 컨센서스인 49억 달러를 밑돌았고, 조정된 주당순이익(EPS)은 5.20 달러로 컨센서스인 5.03 달러를 상회했다.

로얄 캐리비안의 3분기 EPS는 예상을 상회했지만, 골드만삭스는 4분기 비용에 대해 경고

Peijia Medical Ltd

Carnival Corporation&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) share price dropped on Monday after the company confirmed an order for two new <a href="https://www.benzinga.com/pressreleases/25/04/n44660777/carnival-corporation-finalizes-agreement-with-fincantieri-for-two-next-generation-aida-cruises-shi" target="_blank" rel="noreferrer noopener">vessels for its German brand</a>.
Under the agreement with Italian shipbuilder Fincantieri, the ships—designed to run on multiple fuel types—will be constructed and are scheduled for delivery in the first quarters of fiscal years 2030 and 2032.
These ships will represent a new class of mid-sized cruise liners. CEO Josh Weinstein noted that with the latest order, Carnival Corporation now has a total of eight new ships in its construction pipeline, slated for delivery through 2033.
This includes the Star Princess, set to debut this year. One new vessel will follow each year from 2027 through 2033.
Felix Eichhorn, president of Rostock, Germany-based AIDA Cruises, said the ships have approximately 2,100 cabins each.
On Saturday, Carnival Cruise unveiled a series of upcoming initiatives aimed at enhancing guest <a href="https://www.benzinga.com/pressreleases/25/04/n44659147/carnival-cruise-line-unveils-an-exciting-innovation-itinerary-of-new-ships-fleet-enhancements-depl" target="_blank" rel="noreferrer noopener">experiences over the next five years</a>.
These plans include the introduction of new ships, fleet upgrades, strategic deployment changes, and exclusive destinations.
The Carnival Festivale is expected to launch in spring 2027 from Port Canaveral, Florida.
The company also announced that its fifth Excel-class vessel, Carnival Tropicale, will be delivered in spring 2028.
Going forward, Carnival plans to develop a new class of mega-ships under the Project Ace initiative. Each weighs 230,000 gross tons and is scheduled for delivery in 2029, 2031, and 2033.
Investors can gain exposure to the stock via&nbsp;Defiance Hotel, Airline, and Cruise ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRUZ#NYSE">CRUZ</a>) and&nbsp;Invesco Leisure and Entertainment ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>).
Price Action: CCL shares are down 2.24% at $16.13 at the last check Monday.
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Image: Shutterstock

Guidance

Movers

Carnival Corporation Faces Share Price Dip After Announcing New Vessel Orders

The travel industry has experienced unexpected turbulence, which is rattling travel-focused ETFs. As airlines lower revenue forecasts, booking platforms struggle, and hotels and cruise lines see declining stock prices, investors in travel ETFs are watching their portfolios slip. If you've been tracking this sector, here are three ETFs feeling the pressure.
1. U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>)
The U.S. Global Jets ETF is the go-to ETF for airline exposure, holding major carriers like Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), American Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NYSE">AAL</a>), and Southwest Airlines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NASDAQ">LUV</a>). With Delta and American Airlines slashing their revenue forecasts due to weak demand, JETS has been on a downward trajectory. Delta's warning about slowing corporate and leisure travel has only fueled concerns that the airline industry is facing a rough road ahead. The ETF is down 16% in the past month.
2. ETFMG Travel Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWAY#NYSE">AWAY</a>)
The ETFMG Travel Tech ETF tracks online travel and booking companies like Expedia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), Booking Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), and Airbnb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>). Expedia was one of the worst performers in the S&amp;P 500 this week, tumbling 8% after <a href="https://www.benzinga.com/general/travel/25/03/44237055/delta-air-lines-cuts-q1-guidance-below-estimates-airline-stocks-fall">major airlines cut earnings forecasts</a>. Meanwhile, Airbnb dropped more than 6% as <a href="https://www.benzinga.com/news/25/03/44257583/whats-going-on-with-airbnb-abnb-shares">investors worried </a>that consumers tightening their budgets would impact short-term rental demand. The ETF is down 9% in the past month.
Also Read: <a href="https://www.benzinga.com/news/25/03/44259915/why-expedia-expe-stock-is-falling">Why Expedia (EXPE) Stock Is Falling</a>
3. Invesco Dynamic Leisure and Entertainment ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>)
The Invesco Dynamic Leisure and Entertainment ETF covers a broader range of travel-related stocks, including hotels, cruise lines, and entertainment companies. Unfortunately, hotel stocks like Marriott (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>), Hilton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>), and Hyatt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) have been under pressure, while cruise operators like Norwegian Cruise Line (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>), and Viking Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIK#NYSE">VIK</a>) have also been trading lower. Since PEJ is heavily tied to consumer discretionary spending, the slowdown in travel sentiment has affected it. The ETF price has fallen 14% in the past month.
Also Read: <a href="https://www.benzinga.com/etfs/sector-etfs/25/03/44203960/aviation-etfs-face-turbulence-as-oil-prices-fluctuate-airline-stocks-slide">Aviation ETFs Face Turbulence As Oil Prices Fluctuate, Airline Stocks Slide</a>
What&#8217;s Driving Travel Stock Slump?
Broader market pressures are weighing on travel stocks. The British benchmark FTSE 100 recently hit its lowest level in nearly two months, driven by declines in travel and leisure stocks. British Airways owner IAG dropped 6.1% after Delta&#8217;s warning, and overall, the travel sector in the UK fell by 3.1%.
Even geopolitical factors are playing a role. Volatility sparked by U.S. tariff policies, including increased duties on steel and aluminum imports, has added to market jitters. While the UK government has chosen not to retaliate, the uncertainty surrounding trade policies has only made things worse for already struggling travel stocks.
Read Next: 
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<li><a href="https://www.benzinga.com/25/03/44259396/short-term-bond-etfs-see-record-inflows-amid-market-turmoil-3-funds-that-led-the-surge">Short-Term Bond ETFs See Record Inflows Amid Market Turmoil: 3 Funds That Led The Surge</a></li>
</ul>
Photo: Shutterstock

Turbulence Ahead: 3 ETFs Hit By Slump In Travel Stocks

Flutter Entertainment Plc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>) shares traded higher on Wednesday&#8217;s premarket session after the company reported <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/g44125531/flutter-entertainment-reports-fourth-quarter-2024-financial-results" rel="noreferrer noopener">fourth-quarter results on Tuesday</a>.
Revenue of $3.79 billion, up 14% year over year (Y/Y), missed the consensus of $3.99 billion.
The company&#8217;s major products delivered iGaming revenue growth of 43% and sportsbook structural gross revenue margin of 14.5%.
Group Ex-US revenue upped 14% Y/Y to $2.181 billion, led by structural sportsbook revenue margin expansion, improved sports results and strong iGaming momentum.
Average monthly players rose 7% Y/Y to 14,605K in the quarter. Adjusted EBITDA increased 4% Y/Y to $655 million, led by strong underlying growth in the US, UKI, and International markets.
Adjusted EBITDA margin for both US and Group Ex-US contracted by 180bps Y/Y to 17.3% due to adverse sports results in the US.
Adjusted EPS of $2.94, up 67% Y/Y,<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener"> beating the consensus of $1.85</a>.
Operating cash flow stood at $652 million and free cash flow came in at $473 million in the quarter.
As of December 31, cash and cash equivalent stood at $1.53 billion.
&#8221;FanDuel remains America's number one sportsbook with its leading product maintaining a clear structural revenue margin advantage over competitors. At the same time, excellent execution secured a new number one spot for FanDuel Casino in iGaming,&#8221; said CEO Peter Jackson.
&#8221;A key driver of our success has been the Flutter Edge, our unique competitive advantage, which delivered innovative, market-leading product propositions to 35m customers worldwide in 2024.&#8221;
FY25 Outlook: The company sees revenue of $15.48 billion-$16.38 billion (consensus of $19.2 billion) and adjusted EBITDA <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">of $2.94 billion-$3.38 billion</a>.
Flutter projects share buyback of up to $1 billion in FY25.
Jackson added, &#8221;We have had a great start to 2025, including record levels of customer engagement for the Super Bowl where FanDuel had 3m active customers placing 17.7m bets with $470m wagered on the day.&#8221;
Investors can gain exposure to the stock via&nbsp;VanEck Gaming ETF&nbsp;&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJK#NASDAQ">BJK</a>) and Invesco Leisure and Entertainment ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>).
Price Action: FLUT shares are up 2.19% at $271.98 premarket at the last check Wednesday.
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</ul>
Photo: Shutterstock

Earnings

Entertainment

FLUT

Flutter Reports Mixed Q4, Projects $1 Billion Buyback In FY25 Amid Strong iGaming Momentum

BofA Securities analyst Justin Post upgraded Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) to Buy from Neutral and raised the <a target="_blank" href="https://www.benzinga.com/quote/EXPE/analyst-ratings" rel="noreferrer noopener">price target to $221 from $187</a>.
The analyst says that U.S. bookings, reported OTA nights, and RevPAR data had been trending at low single digits in 2024, but he is seeing early signs of modest improvement, which may indicate a normalization in domestic leisure travel spending into 2025.
While Expedia faced sentiment challenges due to soft B2C nights growth and revenues (-1% in the third-quarter of 2024) compared to peers, the analyst notes trends can improve in 2025 due to easier comps and better positioning at VRBO and Hotels.com.
Post says that he is more confident that Expedia can meet Street expectations for 10% EBITDA growth in 2025, supported by improving U.S. consumer sentiment post-election and a growing contribution from advertising, which rose 32% in the third-quarter 2024 and could account for 3 points of EBITDA growth next year.
Lastly, long-only sentiment remains cautious on Expedia, but a new management team with stronger execution could reignite investor interest and support multiple expansion, adds the analyst.
Investors can gain exposure to the stock via&nbsp;Invesco Leisure and Entertainment ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>) and&nbsp;Amplify ETF Trust Amplify Travel Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWAY#NYSE">AWAY</a>).
Price Action: EXPE shares are up 2.73% at $185.58 at the last check Wednesday.
Read Next:
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</ul>
Photo: II.studio/Shutterstock.com.

Upgrades

Price Target

Expedia's Turning Point? BofA Sees Upside With VRBO Gains And Post-Election Boost

On Thursday, Warner Bros. Discovery, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) stock climbed after the board approved <a href="https://www.benzinga.com/topic/telecom" target="_blank" rel="noreferrer noopener">the company&#8217;s</a> plans to implement a <a href="https://www.benzinga.com/pressreleases/24/12/n42459949/warner-bros-discovery-announces-new-corporate-structure-to-enhance-strategic-flexibility" target="_blank" rel="noreferrer noopener">new corporate structure</a>.
Under this new corporate structure, Warner Bros. Discovery will have two distinct operating divisions: Global Linear Networks and Streaming &amp; Studios.
Global Linear Networks is the linear television business while Streaming &amp; Studios encompasses film and entertainment studios with its intellectual property portfolio. 
Warner Bros. Discovery expects to implement the new corporate structure by mid-2025.
Also Read: <a href="https://www.benzinga.com/24/12/42460647/ciena-q4-earnings-misses-eps-estimates-margins-decline-names-new-chair" target="_blank" rel="noreferrer noopener">Ciena Q4 Earnings: Profit Misses Expectations, Margins Decline, Names New Chair</a>
Earlier this week, Warner Bros. Discovery inked a <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42395322/warner-bros-discovery-stock-soars-after-multi-year-deal-with-comcast-comcast-shares-slide-on-subscriber-loss-estimates" target="_blank" rel="noreferrer noopener">multiyear deal with</a> Comcast Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) to provide its content library to Xfinity and Sky customers in the UK and Ireland. The agreement utilizes Comcast&#8217;s global technology platform for linear TV, apps, and streaming services.
In November, Warner Bros. Discovery extended <a target="_blank" href="https://www.benzinga.com/24/11/42044510/warner-bros-stock-jumps-after-securing-11-year-nba-deal-extension" rel="noreferrer noopener">its NBA partnership</a> for eleven years.
Warner Bros. Discovery reported a 3% <a href="https://www.benzinga.com/news/earnings/24/11/41809105/warner-bros-discovery-q3-earnings-olympics-and-blockbusters-drive-gains-ceo-highlights-subscriber-s" target="_blank" rel="noreferrer noopener">third-quarter revenue</a> decline to $9.6 billion, missing the&nbsp;consensus estimate of&nbsp;$9.8 billion.&nbsp;EPS of 5 cents beat the&nbsp;analyst estimate loss of 9 cents.&nbsp;Max added 7.2 million new subscribers in the quarter, marking the platform&#8217;s highest quarterly growth since launch.
Investors can gain exposure to Warner Bros. Discovery through Invesco Leisure and Entertainment ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>) and The Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>).
Price Action: Warner Bros. Discovery stock is up 13.7% at $12.30 at the last check Thursday. The stock surged 33% in the last 30 days.
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Image: Shutterstock

Warner Bros. Discovery Stock Spikes As Board OKs Restructuring Plan

Royal Caribbean Cruises Ltd.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) shares are trading higher on Tuesday. The company reported mixed <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41601688/royal-caribbean-eyes-14-eps-in-2025-amid-cruise-demand-and-expanded-destinations" rel="noreferrer noopener">third-quarter results today</a>.
Revenue grew 17.5% year-over-year to $4.89 billion,&nbsp;missing the consensus of $4.90 billion, while adjusted EPS of $5.20&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41601688/royal-caribbean-eyes-14-eps-in-2025-amid-cruise-demand-and-expanded-destinations" rel="noreferrer noopener">was above the consensus of $5.03</a>.
The company sees fourth-quarter net yields increase 5.1% to 5.6% in constant currency. RCL sees adjusted EPS of $1.40 – $1.45 <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">against the estimate of $2.28</a>.
Goldman Sachs analyst Lizzie Dove writes that looking ahead, the primary disappointment is expected to be in the fourth-quarter guidance, with reported net yield growth projected at 5.3% to 5.8%, slightly below our expectation of 5.9%.
This forecast already considers the impact of Hurricane Milton, estimated at approximately 40 basis points, which would adjust the midpoint to 5.95%, added the analyst.
Additionally, Dove anticipates a greater emphasis on costs, as the fourth-quarter guidance of 7.8% to 8.3% year-over-year (reported) exceeds Goldman Sachs and Street estimates of 5.6% to 5.8%.
The analyst says that the fourth-quarter adjusted EPS guidance incorporates $0.24 of headwinds—one-third from Hurricane Milton and two-thirds due to the timing of cost shifts from the third quarter and increased non-cash stock compensation.
Adjusting for the timing shift in costs from third-quarter diminishes the EPS beat, which may not meet investor expectations, adds the analyst.
However, Dove says that the fundamentals remain robust, with demand and pricing conditions improving since the last earnings call and strong demand anticipated for 2025.
The analyst anticipates that long-term estimates for the Street to rise as a result, with current 2025 EPS estimated at $14.04 and the Street&#8217;s at $13.70.
Investors can gain access to the stock via&nbsp;Defiance Hotel, Airline, and Cruise ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRUZ#NYSE">CRUZ</a>) and&nbsp;Invesco Leisure and Entertainment ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>).
Price Action: RCL shares are up 3.36% at $210.35 at the last check Tuesday.
Image via Unsplash
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</ul>

Royal Caribbean's Q3 EPS Beats, But Goldman Sachs Cautions On Rising Q4 Costs And EPS Impact

Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) shares are trading slightly higher in <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">premarket activity on Tuesday.</a>
The company <a href="https://press.wbd.com/us/media-release/max/warner-bros-discovery-launch-max-7-new-markets-southeast-asia-taiwan-and-hong-kong" target="_blank" rel="noreferrer noopener">announced</a> that its streaming service, Max, will launch on Nov. 19 in several Southeast Asian markets, including Indonesia, Malaysia, the Philippines, Singapore, Thailand, as well as Taiwan and Hong Kong.
Max features Warner-owned IP, including the DC Universe, Cartoon Network, and an upcoming Harry Potter television show. It also includes programming from Discovery, TLC, AFN, Food Network, ID, and HGTV—all in one platform.
&#8220;Building on successful launches in the U.S., Latin America and Europe, Asia Pacific represents the next phase of Max&#8217;s globalization, making Max available now in over 72 markets with more to come in 2025,&#8221; said JB Perrette, CEO and President of Global Streaming &amp; Games.
Also Read: <a href="https://www.benzinga.com/general/entertainment/24/10/41323650/joaquin-phoenix-and-lady-gaga-starrer-joker-folie-deux-set-to-lose-up-to-200-million-warner" target="_blank" rel="noreferrer noopener">&#8216;Joker: Folie À Deux&#8217; Set To Lose Up To $200 Million — Warner Bros. Production Bombs At The Box Office</a>
This major expansion comes at a time when competitors like Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) are scaling back their investments in content in the region, <a target="_blank" href="https://www.bnnbloomberg.ca/business/international/2024/10/15/warner-debuts-max-video-across-asia-while-rivals-pull-out/" rel="noreferrer noopener">reported</a> BNN Bloomberg.
Internationally, Warner Bros. recently discontinued CNN and TNT, reflecting audience issues as cable subscribers switch to streaming, taking with them advertising sales and subscriber fees.
James Gibbons, president at Warner Bros. said, &#8220;This programming will be available in a brand new streaming app for regional audiences, with Max combining incredible breadth and depth and a best in class viewing experience.&#8221;
Max&nbsp;will offer a choice of different plans, the company said. Full details about pricing will be announced in the coming weeks and will vary by country and provider.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, WBD stock has lost over 30% in the past year. Investors can gain exposure to the stock via&nbsp;Invesco Leisure and Entertainment ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>) and&nbsp;The Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>).
Price Action: Warner Bros. shares are trading higher by 0.13% to $7.550 premarket at last check Tuesday.
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</ul>
Image: Shutterstock

Markets

General

AMZN

Warner Bros. Discovery To Launch Max In Southeast Asia As Competitor Cutbacks

Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) shares are trading higher on Friday.
The company announced that Kathleen Finch, Chairman and CEO of U.S. Networks, will retire after 25 years of service.
Following her retirement at the end of the year, Channing Dungey, Chairman and CEO of Warner Bros. Television Group, will take over the leadership of the U.S. Networks business, per a <a target="_blank" href="https://wbd.com/warner-bros-discovery-announces-retirement-of-chairman-and-ceo-of-us-networks-kathleen-finch/" rel="noreferrer noopener">statement</a>.
Finch has led the unit since the Discovery-WarnerMedia merger in 2022 and previously managed a dozen lifestyle networks for Discovery, <a target="_blank" href="https://www.wsj.com/business/media/warner-bros-discovery-hands-cable-tv-business-to-top-studio-executive-a60e98a6?mod=latest_headlines" rel="noreferrer noopener">reported </a>The Wall Street Journal.
In 2022, following the creation of Warner Bros. Discovery, Finch assumed oversight of animation juggernauts Adult Swim and Cartoon Network, as well as top entertainment cable networks TNT and TBS.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/gaming/24/08/40263313/warner-bros-shifts-focus-after-suicide-squad-flop-bets-big-on-free-to-play-success" rel="noreferrer noopener">Warner Bros. Shifts Focus After Suicide Squad Flop, Bets Big On Free-To-Play Success</a>
The change indicates that Warner Bros. Discovery is aiming to reevaluate its content strategy for its cable networks, the report noted.
In recent years, the company has reduced its focus on scripted content like sitcoms and dramas, shifting instead towards reruns and unscripted programming such as reality TV, while prioritizing the growth of its direct-to-consumer streaming platform, Max.
Dungey will assume control of the company&#8217;s cable business during a challenging period, the report added. Cord-cutting has severely impacted cable networks, with ratings and ad revenue declining for years.
Last week, Warner Bros. Discovery wrote down $9.1 billion of its cable networks&#8217; value, while Paramount Global reduced the value of its cable business by nearly $6 billion.
Related: <a target="_blank" href="https://www.benzinga.com//node/40269662" rel="noreferrer noopener">Warner Bros. Discovery&#8217;s $9.1B Impairment Reflects &#8216;State Of The Industry&#8217;: CFO</a>
Networks under Dungey&#8217;s oversight will include TNT, TBS, HGTV, Discovery, OWN, and TLC. The report further noted that she will not be involved with CNN, which operates as a separate unit, or HBO, which is outside the U.S. Networks group.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, WBD stock has lost over 44% in the past year. Investors can gain exposure to the stock via&nbsp;the Invesco Leisure and Entertainment ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>) and&nbsp;the First Trust Exchange-Traded Fund First Trust S&amp;P 500 Diversified Free Cash Flow ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCFY#NYSE">FCFY</a>).
Price Action: WBD shares are trading higher by 1.35% to $7.33 at last check Friday.
Photo courtesy: Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/general/gaming/24/07/39918968/warner-bros-games-acquires-multiversus-developer-player-first-games" target="_blank" rel="noreferrer noopener">Warner Bros. Games Acquires MultiVersus Developer Player First Games</a></li>
</ul>

Management

Media

FCFY

What's Going On With Warner Bros. Discovery Stock Today?

Hyatt Hotels Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) is reportedly close to finalizing a deal to acquire boutique hotel operator Standard International, continuing its trend of expanding luxury properties in popular leisure destinations.
Negotiations between Hyatt and Standard, which manages properties in London, Ibiza, the Maldives, and Melbourne, are in the advanced stages, reported <a href="https://www.bloomberg.com/news/articles/2024-07-17/hyatt-said-to-be-in-advanced-talks-to-buy-standard-hotels-brand?srnd=industries-v2&amp;sref=TBDibEcD">Bloomberg</a>, citing sources familiar with the matter.
Although no transaction has been completed yet, and the deal could still not take place.
A spokesperson for Hyatt said the hospitality major remains committed to &#8220;asset-light growth through both organic expansion and strategic acquisitions.&#8221;
Under the leadership of CEO Mark Hoplamazian, Hyatt has been proactive in acquiring brands such as Alila, Thompson Hotels, and the all-inclusive portfolio of Apple Leisure Group.
These acquisitions have facilitated Hyatt's transition to a business model focused on licensing brands to third-party investors while enhancing its portfolio with high-end hotels that appeal to loyalty program members.
Standard International, initially developed by Andre Balazs, is renowned for its vibrant nightlife offerings at locations like the hotel straddling New York's High Line, the report highlighted.
This acquisition would further strengthen Hyatt's presence in the boutique hotel segment, adding to its collection of luxury properties.
In May, the company reported first-quarter FY24 sales growth of 2% year-on-year to $1.714 billion, <a target="_blank" href="https://www.benzinga.com/news/earnings/24/05/38735101/why-is-hyatt-hotels-stock-sliding-today" rel="noreferrer noopener">beating the analyst consensus estimate of $1.707 billion.</a>
Hyatt stock has gained more than 29% in the last 12 months. Investors can gain exposure to the stock via Invesco Leisure And Entertainment ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>) and Invesco S&amp;P MidCap 400 Pure Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RFG#NYSE">RFG</a>).
Price Action: H shares closed lower by 3.13% at $157.15 on Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons

Rydex ETF Trust S&P Midcap 400 Pure Growth ETF

Hyatt Eyes Standard International To Expand Luxury Portfolio: Report

Paramount Global&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) shares are trading higher after the company inked a definitive merger deal with Skydance Media to form &#8220;New Paramount&#8221; at an enterprise value of about $28 billion.
The merger offer represents a 48% premium over the price of the Class B stock as of July 1, 2024, and a 28% premium over the Class A stock on the same date.
As per the deal, existing Skydance investors will receive 317 million newly issued Class B shares in New Paramount, valuing Skydance at $4.75 billion, based on a share price of $15 for Paramount Class B shares.
The Skydance Investor Group, led by the Ellison Family and RedBird Capital Partners, plans to invest $2.4 billion in cash to acquire National Amusements, along with $4.5 billion for stock/cash merger consideration for Class A and Class B shares, and add $1.5 billion in primary capital to Paramount&#8217;s balance sheet.
The transaction is expected to be completed in the first half of 2025.
After the transaction closes, the Skydance Investor Group will own 100% of New Paramount&#8217;s Class A shares and approximately 69% of the outstanding Class B shares, representing around 70% of the pro forma shares outstanding.
Notably, the merger between Skydance Media and Paramount Global has been in<a target="_blank" href="https://www.benzinga.com/general/entertainment/24/07/39658163/paramount-board-endorses-merger-with-skydance-media-as-david-ellison-nears-acquisition-of-m" rel="noreferrer noopener"> the works for some time</a>.&nbsp;
Related: <a target="_blank" href="https://www.benzinga.com/m-a/24/06/39281124/paramount-and-skydance-merger-talks-fall-through-report" rel="noreferrer noopener">Paramount And Skydance Merger Talks Fall Through: Report</a>
On January 2, 2024, Paramount&#8217;s Board formed a Special Committee of independent directors to review the proposals, and the committee unanimously recommended the Skydance<a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39658364/paramount-globals-special-committee-unanimously-approves-merger-with-skydance-media" rel="noreferrer noopener"> transaction for Board approval</a>.
Following the transaction, David Ellison will lead as Chairman and CEO of New Paramount, while Jeff Shell, Chairman of RedBird Sports &amp; Media and former NBCUniversal CEO, will join as President.
The transaction is expected to bolster Paramount&#8217;s financial flexibility, enabling investments in new initiatives and accelerating efforts to innovate its operational model, upgrade technology platforms, streamline the organization, and drive enhanced cash flow growth.
As of March 31, 2024, Paramount&#8217;s cash and cash equivalents stood at $2.38 <a target="_blank" href="https://ir.paramount.com/static-files/8e9d8f99-765d-48a7-8000-7bcfe856337a" rel="noreferrer noopener">billion</a>.
PARA stock lost over 20% in the last 12 months. Investors can gain exposure to the stock via the Invesco S&amp;P 500 Equal Weight Communication Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSPC#NYSE">RSPC</a>) and the Invesco Leisure And Entertainment ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>).
Price Action: PARA shares are up 2.96% at $12.16 premarket at the last check on Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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<li><a href="https://www.benzinga.com/general/entertainment/24/05/38866896/paramount-explores-partnership-expansion-with-amazon-report" target="_blank" rel="noreferrer noopener">Paramount Explores Partnership Expansion With Amazon: Report</a></li>
</ul>
Photo by 4kclips via Shutterstock

Mid Cap

PARA

RSPC

Why Is Paramount Global Stock Surging In Monday's Premarket Session?

Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) shares surged premarket Wednesday as Skydance Media has reportedly reached a preliminary agreement to acquire National Amusements Inc. and merge with Paramount, the parent company of CBS and MTV.
Shari Redstone&#8217;s&nbsp;National Amusements, the family firm controlling Paramount, will forward the deal to a special committee of Paramount directors for review, reported <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-02/skydance-media-is-said-to-reach-paramount-merger-agreement?srnd=homepage-americas&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
This deal, which involves significant financial maneuvering, aims to bolster Paramount&#8217;s position in the competitive media landscape.
Th development follows the recent <a target="_blank" href="https://www.benzinga.com/m-a/24/06/39281124/paramount-and-skydance-merger-talks-fall-through-report" rel="noreferrer noopener">collapse of previous negotiations</a>, with renewed talks gaining momentum over the past week. Skydance is led by Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) co-founder Larry Ellison&#8217;s son David Ellison.
The new terms include a higher valuation for National Amusements and enhanced legal protections for Redstones&#8217; company.
Sellers have 45 days to explore better offers. If approved, the agreement could be finalized within days, though potential hurdles remain.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/06/39470765/paramount-wants-you-to-shell-out-more-for-watching-starting-in-august-even-if-you-stream-it" rel="noreferrer noopener">Paramount+ Wants You To Shell Out More For Watching Starting In August, Even If You Stream It With Ads — Here&#8217;s What You Need To Know</a>
As part of the proposed transaction that Ellison previously proposed, along with partners RedBird Capital Partners and KKR &amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), offered to purchase National Amusements for $2.25 billion and infuse $1.5 billion into Paramount to reduce its debt.
Ellison&#8217;s group would contribute an additional $4.5 billion to acquire Paramount shares.
The investment represents a crucial support for Paramount, which has faced challenges as consumers shift from traditional media to streaming services.
Earlier Tuesday, Bloomberg reported that Paramount is in exclusive talks to sell its Black Entertainment Television network. The potential buyers include BET CEO Scott Mills and Chinh Chu of CC Capital, with an offer range of $1.6 billion to $1.7 billion.
Paramount stock has lost more than 34% in the last 12 months. Investors can gain exposure to the stock via Invesco S&amp;P 500 Pure Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPV#NYSE">RPV</a>) and Invesco Leisure And Entertainment ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>).
Price Action: PARA shares are trading higher by 12.9% at $12.10 premarket at last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
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<li><a href="https://www.benzinga.com/general/politics/24/06/39563409/heres-how-many-people-watched-the-2024-presidential-debate-and-how-fox-beat-cnn-at-its-own-game" target="_blank" rel="noreferrer noopener">Here&#8217;s How Many People Watched The 2024 Presidential Debate And How Fox Beat CNN At Its Own Game</a></li>
</ul>

ORCL

Why Is Paramount Global Stock Surging Today?

New York Attorney General Letitia James announced a <a href="https://ag.ny.gov/press-release/2024/attorney-general-james-stops-discriminatory-hiring-practices-doordash#:~:text=DoorDash%20will%20also%20pay%20a,%2C%E2%80%9D%20said%20Attorney%20General%20James" target="_blank" rel="noreferrer noopener">settlement </a>with the online food delivery platform DoorDash Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>). The settlement is regarding the rejection of delivery worker applicants with criminal histories. 
This settlement comes after an investigation revealed that DoorDash routinely rejected applicants based on their criminal history without fair assessment, violating state human rights laws and the New York City Fair Chance Act.&nbsp;
DoorDash agreed to reevaluate rejected applicants, revise hiring policies, and pay a $75,000 penalty. They will distribute the penalty to qualifying applicants who&nbsp;were wrongfully&nbsp;rejected.
DoorDash will review and reconsider all 2,898&nbsp;applicants who were rejected, with priority given to the 57 applicants who&nbsp;had&nbsp;submitted appeals.&nbsp;
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/05/38565879/doordash-reports-mixed-q1-results-eps-miss-sales-beat" rel="noreferrer noopener">DoorDash Reports Mixed Q1 Results: EPS Miss, Sales Beat</a>
The company also&nbsp;failed&nbsp;to provide proper notice of rights to rejected applicants, as per the statement.
Attorney General James emphasized the importance of fair hiring practices, stating that everyone deserves a second chance and the opportunity to provide for their families.
Public Advocate Jumaane D. Williams commended the settlement, highlighting the significance of fair assessment in employment.&nbsp;
The settlement underscores the importance of fair employment practices and provides hope for applicants with criminal histories seeking job opportunities.
Dash stock has gained 74% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Invesco Leisure And Entertainment ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>) and&nbsp;Invesco Food &amp; Beverage ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBJ#NYSE">PBJ</a>).
Price Action: DASH shares are trading higher by 0.41% at $115.15&nbsp;at the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

DASH

NY Attorney General Secures Deal: DoorDash Offers Second Chance To Applicants With Criminal Records

AMC Networks Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>)&nbsp;reported a fiscal first-quarter 2024 revenue decline of 16.9% year over year to $596.46 million, missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/g38756320/amc-networks-inc-reports-first-quarter-2024-results" rel="noreferrer noopener">analyst consensus estimate of $602.60 million</a>.
The American entertainment company's adjusted EPS of $1.16 fell 55.7% year over year and missed the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $1.67</a>.&nbsp;The stock slid after the print.
Domestic Operations:&nbsp;Affiliate revenue decreased 14% due to&nbsp;basic&nbsp;subscriber declines. Advertising revenues decreased 13% Y/Y to $140 million due to anticipated linear ratings declines and a challenging ad market.&nbsp;
Content licensing revenues declined 40% to $62 million as the corresponding 2023 period included deliveries of&nbsp;AMC Studios-produced series&nbsp;Silo.
Despite these setbacks, AMC Networks reported that streaming subscribers increased by 2% to 11.5 million across its offerings, including AMC+, which added "<a target="_blank" href="https://www.benzinga.com/general/entertainment/24/03/37472003/the-walking-dead-to-the-rescue-again-could-zombie-stock-amc-networks-come-to-life-with-new-" rel="noreferrer noopener">The Walking Dead: The Ones Who Live</a>" starring Andrew Lincoln and Danai Gurira.&nbsp;This&nbsp;is compared&nbsp;to 11.2 million subscribers as of March 31, 2023.
The company returned to streaming subscriber growth in the third quarter of 2023 after two quarters of declines, the Hollywood Reporter&nbsp;<a target="_blank" href="https://www.hollywoodreporter.com/business/business-news/amc-networks-q1-earnings-advertising-streaming-walking-dead-1235895528/" rel="noreferrer noopener">reports</a>.
Streaming revenues of $145 million increased 3%, primarily driven by year-over-year streaming subscriber growth and price increases.
The consolidated adjusted operating income decreased 30.9% to $149.12 million, with free cash flow at $144.15 million.
The company, helmed by CEO Kristin Dolan, is tilting toward data-led audience targeting for ad buying as marketing dollars&nbsp;continue to&nbsp;shift from linear TV networks to streaming platforms.
AMC Networks stock lost close to 8% in the last 12 months.&nbsp;Investors can gain exposure to the stock via&nbsp;Invesco Leisure&nbsp;And Entertainment ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>) and&nbsp;Schwab Strategic&nbsp;Trust Schwab Crypto Thematic ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STCE#NYSE">STCE</a>).
Price Action:&nbsp;AMCX shares are down 4.08% at $13.17 premarket at&nbsp;the last check Friday.

Tech

AMCX

STCE

AMC Networks Stock Slips: What's Behind the Sharp Revenue and EPS Decline?

Cinemark Holdings&nbsp;Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>)&nbsp;reported a fiscal first-quarter 2024 sales decline of 5.2% year-on-year to $579.20 million, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/b38576394/cinemark-holdings-inc-reports-first-quarter-2024-results" rel="noreferrer noopener">analyst&nbsp;consensus of $560.38 million</a>. EPS of $0.19 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst&nbsp;consensus loss of $(0.20)</a>.
Admissions revenue decreased 6.8% to $289.8 million, and concession revenue declined 4.9% to $224.2 million, driven by a 7.5% decrease in attendance to 39.7 million patrons.&nbsp;
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/general/entertainment/24/03/37421433/netflixs-2024-gains-is-cinemas-loss-amc-shares-slump-despite-box-office-boost-from-taylor-s" rel="noreferrer noopener">Netflix's&nbsp;2024 Gains Are&nbsp;Cinema's&nbsp;Loss: AMC Shares Slump Despite Box Office Boost From Taylor Swift, Beyoncé</a>
The worldwide average ticket price was $7.30, and concession revenue per patron was $5.65.
As of March 31, 2024, the&nbsp;company's&nbsp;aggregate screen count was 5,708, and the company had commitments to open three new theatres and 33 screens over the next two years.
The company generated $70.7 million of adjusted EBITDA in the quarter versus $86.2 million a year ago.&nbsp;
Cinemark held $788.6 million in cash and equivalents as of March 31, 2024.
"2024 North American industry box office has kicked off better than expected, declining only modestly versus 2023 despite last&nbsp;year's&nbsp;strike-induced headwinds,"&nbsp;stated&nbsp;Sean Gamble,&nbsp;Cinemark's&nbsp;President and CEO.
Cinema operators are doling out deals and discounts to entice moviegoers as threats loom from streaming content.
Cinemark Holdings stock gained close to 4% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Invesco S&amp;P SmallCap Utilities &amp; Communication Services ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSCU#NASDAQ">PSCU</a>) and&nbsp;Invesco Leisure And Entertainment ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>).
Price Action: CNK shares are trading higher by 0.30% at $17.48 at the last check Friday.
Photo via Wikimedia Commons

NFLX

PSCU

Are Cinema's Finally Bouncing Back? Cinemark's Q1 Profit Paints A Bright Picture

Paramount Global&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) and Skydance Media are advancing towards a merger, with discussions to purchase out controlling shareholder Shari Redstone underway, CNBC&nbsp;<a target="_blank" href="https://www.cnbc.com/2024/04/25/paramount-skydance-inch-closer-to-a-merger-agreement.html" rel="noreferrer noopener">cites</a>&nbsp;sources.
Paramount Global&#8217;s special committee and David Ellison&#8217;s Skydance Media, supported by private equity firms KKR and RedBird Capital Partners, are honing the valuation of Skydance&#8217;s assets for the merger and determining the equity to&nbsp;be added&nbsp;for recapitalization.
The parties are nearing an agreement on valuing Skydance at about $5 billion to merge with Paramount Global, CNBC writes.&nbsp;
Ellison and the supporting private equity firms intend to raise approximately $4.5 billion to $5 billion in new equity. Around $2 billion would go towards paying Redstone, with a significant amount also allocated for debt reduction.
The buyers are aiming to finalize the deal in May. However, delays in data provision by Paramount Global during due diligence have slightly postponed the timeline, according to three sources, CNBC notes.
The exclusivity period for merger discussions ends on May 3, but the Skydance consortium seeks a two-week extension.
Ellison is slated to become the CEO of the merged entity, Paramount Global, and former NBCUniversal CEO Jeff Shell will likely be appointed president. Current Paramount CEO Bob Bakish would leave the company.
The deal had&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38219573/paramount-shareholders-express-concerns-over-potential-skydance-media-merger-any-merger-talks-th" rel="noreferrer noopener">sparked investor concerns</a>&nbsp;about the deal&#8217;s fairness and the exploration of alternative options. Not all shareholders&nbsp;are in favor of&nbsp;the potential $4 billion to $5 billion stock deal. Four Paramount directors departed amid Skydance merger discussions.
<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38335444/why-paramount-global-shares-are-gaining-today" rel="noreferrer noopener">In a separate development</a>, private equity firm&nbsp;Apollo Global Management, Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) and&nbsp;Sony Group Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) have engaged in preliminary talks about a potential deal to buy out all Paramount Global shareholders at a premium.&nbsp;
Apollo had previously offered a $26 billion bid for the company and a $11 billion proposal for Paramount&#8217;s film studio.&nbsp;
PARA stock lost 44% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Invesco S&amp;P 500 Equal Weight Communication Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSPC#NYSE">RSPC</a>) and&nbsp;Invesco Leisure And Entertainment ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>).
Price Action: PARA shares were down 1.72% to $11.87 at the last check on Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image by viewimage via Shutterstock

Sony Group Corporation American Depositary Shares

SONY

Paramount-Skydance Merger Talks Heat Up

The U.S. economy added 303,000 jobs last month. That data breezed past expectations for 205,000 job gains, according to FactSet consensus estimates, as quoted on CNBC. The unemployment rate in the United States dipped to 3.8% in March 2024 from the previous month&#39;s two-year high of 3.9% and surprising market expectations, which had forecasted the rate to remain unchanged.
Additionally, the labor force participation rate increased to 62.7% from a near one-year low of 62.5% in the preceding periods, and the employment-population ratio climbed to 60.3% from 60.1%. Below, we have highlighted some of the sectors that will likely see smooth trading in the days ahead in light of the strong March jobs data.
<h3>Sectors in Focus</h3>
Healthcare
Employment in the healthcare industry increased by 72,000 in jobs, above the average monthly gain of 60,000 over the prior 12 months. In March, job growth continued in ambulatory health care services (+28,000), hospitals (+27,000), and nursing and residential care facilities (+18,000).
Health Care Select Sector SPDR ETF (ARCA:XLV) can be played to tap the moderate momentum. HCA Healthcare (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hca#NYSE">HCA</a>), which has a Zacks Rank #2 (Buy) deserves a mention. It is the largest non-governmental operator of acute care hospitals in the United States.
Construction
In March, employment in construction (+39,000) was in line with the average monthly gain over the prior 12 months (+19,000). Over the month, employment increased in nonresidential specialty trade contractors (+16,000).
Investors can keep a watch on the price movement of Invesco Dynamic Building &amp; Construction ETF (ARCA:PKB). As far as the stock is concerned, Zacks Rank #2 (Buy) Dycom Industries (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dy#NYSE">DY</a>) can be played. It is a leading provider of specialty contracting services throughout the United States.
Leisure
Employment in leisure and hospitality rose by 49,000. The industry has returned to its pre-pandemic February 2020 level. Over the past one year, job growth in the industry had averaged 37,000 per month.
The data makes Invesco Dynamic Leisure and Entertainment ETF (ARCA:PEJ) a timely investment. The Zacks Rank #2 Brinker International (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eat#NYSE">EAT</a>), owns, operates, develops and franchises various restaurants under Chili&#39;s Grill &amp; Bar (Chili&#39;s) and Maggiano&#39;s Little Italy (Maggiano&#39;s) brands.
<a href="https://www.zacks.com/stock/news/2252356/3-sector-etfs-stocks-to-bet-on-march-jobs-data?cid=CS-BENZ-FT-etf_news_and_commentary-2252356">To read this article on Zacks.com click here.</a>

Health Care

PowerShares ETF Trust Dynamic Building &nstruction Portfolio

3 Sector ETFs & Stocks to Bet on March Jobs Data

Apollo Global Management Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) has placed an $11 billion bid&nbsp;<a target="_blank" href="https://www.benzinga.com/m-a/24/02/37345113/whats-going-on-with-warner-bros-discovery-and-paramount-global-stocks-tuesday" rel="noreferrer noopener">to purchase the</a>&nbsp;film and TV studio of&nbsp;Paramount Global&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>), outpacing the company&#8217;s entire market value of approximately $7.7 billion.&nbsp;
This proposal is part of a broader review by Paramount&#8217;s independent committee.&nbsp;
It is also considering&nbsp;<a target="_blank" href="https://www.benzinga.com/news/large-cap/24/01/36787712/hollywood-power-play-david-ellison-aims-to-transform-paramount-global-under-skydance-leadership" rel="noreferrer noopener">a merger offer from</a>&nbsp;Skydance Media, aiming to integrate the entirety of Paramount, including its holdings like CBS and Nickelodeon, the Wall Street Journal&nbsp;<a target="_blank" href="https://www.wsj.com/business/media/apollo-offers-11-billion-for-paramounts-hollywood-studio-24206eab" rel="noreferrer noopener">reports</a>.&nbsp;
Also Read:&nbsp;<a target="_blank" href="http://India's Richest Man Buys Paramount's Entire Stake In His Broadcasting Unit Viacom18 For $570M" rel="noreferrer noopener">India&#8217;s Richest Man Buys Paramount&#8217;s Entire Stake In His Broadcasting Unit Viacom18 For $570M</a>
Paramount&#8217;s studio, known for hits like &#8220;Top Gun: Maverick&#8221; and &#8220;A Quiet Place,&#8221; has attracted interest from various buyers over the years, including&nbsp;Netflix Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>).
However, Paramount Global&#8217;s primary stakeholder, Shari Redstone, and other board members have previously opposed selling the studio. Redstone, who is open to selling the entire company, faces a crucial decision regarding the potential division of Paramount to facilitate the studio&#8217;s sale.&nbsp;
The interest in Paramount&#8217;s studio stems from its extensive content library and the growing demand for new programming in the streaming sector, despite the decline of Paramount&#8217;s TV networks due to the shrinking cable business.
Simultaneously, Skydance Media, led by David Ellison, has proposed acquiring Paramount&#8217;s parent company, National Amusements, and merging with Paramount.&nbsp;
Ellison, supported by his father, Larry Ellison, co-founder of&nbsp;Oracle Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), is expected to finance the merger.&nbsp;
As Paramount&#8217;s directors review these offers, their challenge lies in ensuring any deal benefits all shareholders, not just National Amusements.
Amidst these developments, Paramount has explored other strategic options, including merger talks with&nbsp;Warner Bros. Discovery Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) and a potential streaming partnership or joint venture with&nbsp;Comcast Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>).&nbsp;
The company&#8217;s stock witnessed a significant rise following the announcement of Apollo&#8217;s bid, marking a sharp contrast to its prior performance this year.&nbsp;
Shari Redstone, who merged Viacom and CBS in 2019, creating Paramount Global, is at a pivotal juncture, considering the future direction of the media conglomerate her father, Sumner Redstone, built.
Previous reports indicated Paramount Global&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/01/36721298/paramount-global-to-reduce-workforce-in-february-faces-acquisition-interest-and-internal-restructuri" rel="noreferrer noopener">downsizing plans across</a>&nbsp;divisions in February, less than initially speculated 800.&nbsp;
The streaming giants, including&nbsp;Walt Disney Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and&nbsp;Netflix, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), battled subscriber loss amidst price hikes and cost-of-living pressures.&nbsp;
Warren Buffet&#8217;s&nbsp;Berkshire Hathaway significantly decreased its position in Paramount&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/02/37161084/whats-going-on-with-paramount-global-stock" rel="noreferrer noopener">during the period</a>.
The stock lost over 41% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Invesco S&amp;P 500 Equal Weight Communication Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSPC#NYSE">RSPC</a>) and&nbsp;Invesco Leisure And Entertainment ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>).
Price Actions:&nbsp;PARAA shares are up 2.42% at $24.54 premarket on the last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image by viewimage via Shutterstock

PARAA

Paramount in the Spotlight, Apollo Global Management Bids Big For Film and TV Studio

Benchmark&nbsp;analyst Matthew Harrigan reiterated a Buy rating on&nbsp;Warner Bros. Discovery, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) with a&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/WBD/analyst-ratings" rel="noreferrer noopener">price target of $20</a>.
The re-rating follows this weekend's robust $81.5 million Dune: Part Two U.S. opening.&nbsp;
The market is averse to recognizing an ongoing turnaround at the Warner Bros. studio and a fair likelihood that DTC can generate sustainable $1 billion+ in EBITDA post-2025, Harrigan stated.
Assuming creative and strategic execution, Warner Bros. Discovery will benefit enormously from the studio/DTC/network triad with evergreen IP and an unparalleled film and TV library, somewhat moderating the linear rating and advertising decay rates as consumption gravitates toward streaming.&nbsp;
As per the analyst, the Harry Potter and Dune series will also benefit Maxm.&nbsp;
A re-architecture of the TV ecosystem toward hybrid pricing and continued global licensing should buttress the value of the legacy Discovery Networks non-fiction and lifestyle programming and sports with new original scripted shows as the most challenging element.&nbsp;&nbsp;
Dune: Part Two opened to a strong $81.5 million domestically, the best opening since last October for Taylor Swift's The Eras Tour film at $93 million, although it was likely to exceed the studio's conservative $65 million projection, Harrigan noted.&nbsp;
The global tally was $178 million, although it has yet to open in sci-fi receptive China and Japan.&nbsp;
It is a positive for Warner Bros., although the film admittedly cost $190 million to produce and ~$100 million to market, with economics shared with Legendary Pictures, as per the analyst.&nbsp;
The 2021 Dune: Part One release garnered $402 million globally, although this was depressed by Warner Bros.' pandemic hybrid approach with a simultaneous streaming debut with a 2x+ result plausible for the current release, Harrigan said.&nbsp;
Significantly, the spinoff series Dune: Prophecy will be on Max later in 2024, with the prequel exploring the origins of Dune.&nbsp;
According to Harrigan, Studio positives include the relaunch of the studio animation business under DreamWorks veteran Bill Damaschke, the new partnership with Tom Cruise, the start of filming on James Gunn's Superman movie under new DC leadership, and the rapprochement with J.K. Rowling supporting the new Harry Potter content for Max as early as 2026.&nbsp;&nbsp;
Harrigan projects first-quarter revenue and EBITDA of $10.35 billion and $2.14 billion, respectively.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/04132235/newplot-12.png" alt="" class="wp-image-238146" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/04132235/newplot-12.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/04132235/newplot-12-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Investors can gain exposure to Warner Bros via&nbsp;Invesco Leisure And Entertainment ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>) and&nbsp;Invesco S&amp;P 500 Equal Weight Communication Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSPC#NYSE">RSPC</a>).
Price Actions: WBD is trading lower by 5.82% at $8.17 on the last check Monday.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/m-a/24/02/37345113/whats-going-on-with-warner-bros-discovery-and-paramount-global-stocks-tuesday" rel="noreferrer noopener">Paramount Global Explores Sale Options Amid Bids, While Warner Bros. Discovery Faces Stock Decline</a>

Reiteration

Warner Bros. Discovery Poised for Turnaround With Strong IP and Streaming Strategy, Analyst Says

Thursday&#8217;s headline number in jobs growth — 199,000 in November, beating expectations of around 180,000 — appeared to take the shine off <a href="https://www.benzinga.com/economics/macro-economic-events/23/12/36152500/november-jobs-report-outruns-expectations-unemployment-drops-jeopardizing-rate-cu">hopes for a raft of interest rate cuts next year</a>. 
But the big number may have been flattered by thousands of workers returning to the labor force following recent strikes.
Equity indices were flat at the open on Wall Street, while the dollar climbed — an indication that some rate cut bets were being taken off the table. A stronger labor market would appear to undermine concerns of the fragility of the U.S. economy.
A deeper dive into the numbers, however, suggests there are still areas of stress, particularly surrounding the main cog of economic activity — the consumer.
But first, let&#8217;s look at the big number, and why it so significantly beat the prior month&#8217;s 150,000 new jobs and surpassed the 180,000 average forecast by analysts.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/23/12/36152500/november-jobs-report-outruns-expectations-unemployment-drops-jeopardizing-rate-cu">November Jobs Report Outruns Expectations, Unemployment Drops</a>
<h2 class="wp-block-heading">Strikers Returning To The Workforce</h2>
Employment in the manufacturing sector of Thursday&#8217;s report, compiled by the U.S. Bureau Of Labor Statistics (BLS), rose by a net 28,000. 
But this also reflected the return of 30,000 workers in the motor vehicles and parts sector from a strike by United Auto Workers members. The headline jobs number for October was <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/35594693/much-needed-cooling-off-or-risk-on-rally-ahead-yields-tumble-bonds-gain-after-octob">negatively affected by the loss of the UAW members</a>.
The iShares U.S. Industrials ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYJ#BATS">IYJ</a>), which tracks companies in the US manufacturing sector, was up 0.3% in early trade.
A further 17,000 jobs added in the information sector of the BLS survey was primarily down to the return to work of striking Hollywood screenwriters and actors.
Thus, the headline jobs growth number of 199,000 was flattered by nearly 50,000 workers who were only temporarily missing from the workforce.
&#8220;The equity market, which has been consolidating gains over the last few sessions, will need to decipher whether the stronger-than-expected print is due primarily to the return of striking workers, or more indicative of a seemingly entrenched resilient economic foundation that has consistently surprised to the upside,&#8221; said Quincy Krosby, economist for LPL Financial.
<h2 class="wp-block-heading">Trouble In Stores</h2>
Perhaps the most troubling news came from the retail sector, with 38,000 jobs lost — half of them from department stores. The BLS has now reported net job losses in the retail sector in four out of the last five employment reports.
&#8220;The reported 38K drop in retail jobs in November — the worst since November last year — might be a sign that retailers are already nervous,&#8221; said Ian Shepherdson, chief economist at Pantheon Macroeconomics.
Retail sales have seen only tepid growth over the last six months and, in October, sales fell by 0.1%.
The SPDR S&amp;P Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XRT#NYSE">XRT</a>), which tracks retail stocks on the S&amp;P 500, was up 0.6% in early trade.
<h2 class="wp-block-heading">A Round-Up Of The Rest</h2>
<ul>
<li>Health care added the most jobs in November, with a rise of 77,000, beating the average monthly gain of 54,000 over the prior 12 months.</li>
<li>The Health Care Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) was up 0.1% in early trade.</li>
<li>Employment in leisure and hospitality rose by 40,000, falling from its 12-month average of +51,000, with almost all the jobs created in restaurants and bars.</li>
<li>The Invesco Dynamic Leisure and Entertainment ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>) was up 1.8%</li>
</ul>
Now Read: <a href="https://www.benzinga.com/news/23/12/36154317/chances-are-youre-wrong-on-bidenomics-survey-finds-wildly-concerning-views-about-wealth-income-and-j">Chances Are You&#8217;re Wrong On Bidenomics</a>

Economics

iShares Trust Dow Jones US Industrial Sector Index Fund

UAW's Return To Work Pushes US Jobs Growth Higher, But Dark Clouds Hover Over Retail Sector

One of the biggest trends to watch in 2021 continues to be the reopening of the economy as it relates to the increased rate of COVID-19 vaccinations and the lifting of restrictions in areas across the U.S. and globally.
Restaurants Could Benefit: One industry that saw pressure during the pandemic and could benefit from the reopening trend are&nbsp;restaurants.
Several industry leaders have <a href="https://twitter.com/jonathanmaze/status/1404896377566601216">pointed out</a>&nbsp;restaurant spending has surpassed grocery spending for the first time in a while.
Restaurant spending has also <a href="https://en.as.com/en/2021/06/16/latest_news/1623847509_444848.html">passed </a>pre-pandemic levels in May, suggesting that consumers are opting to dine out once again.
Some are even calling for additional stimulus checks that could boost restaurant spending even further in the latter half of 2021.
Here are several ETFs offering exposure to restaurant stocks&nbsp;investors could consider.
AdvisorShares Restaurant ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eatz#NYSE">EATZ</a>): This&nbsp;newly launched ETF <a href="https://advisorshares.com/etfs/eatz/">focuses </a>100%&nbsp;on restaurants.&nbsp;Launched&nbsp;April 20, it&nbsp;has a tagline of &ldquo;Put Your Money Where Your Mouth Is.&rdquo;&nbsp;
The ETF is split fairly evenly with 35% of assets in large-cap stocks, 34% in mid-cap stocks and 31% in small-cap stocks. Top holdings in the fund include Chuy&rsquo;s Holdings Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chuy#NASDAQ">CHUY</a>) at 5.6%, Ruth&rsquo;s Hospitality Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ruth#NASDAQ">RUTH</a>) at 5.3%, Jack in the Box Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jack#NASDAQ">JACK</a>) at 5.0%, RCI Hospitality Holdings Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rick#NASDAQ">RICK</a>) at 4.9% and Texas Roadhouse Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/txrh#NASDAQ">TXRH</a>) at 4.9%. The ETF is the only pure-play for the sector currently on the market.
Related Link:<a href="https://www.benzinga.com/general/restaurants/21/06/21473928/is-wendys-the-next-reddit-rally-stock"> Is Wendy&#39;s The Next Reddit Rally Stock?</a>
Invesco Dynamic Leisure and Entertainment ETF&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pej#NYSE">PEJ</a>):&nbsp;This ETF is another option for investors looking for restaurant exposure.
The ETF counts some of the largest restaurant stocks as<a href="https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Institutional&amp;ticker=PEJ"> top holdings</a> with Yum China Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/yumc#NYSE">YUMC</a>), McDonald&rsquo;s Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcd#NYSE">MCD</a>), Starbucks Corporation&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbux#NASDAQ">SBUX</a>) and Yum! Brands Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/yum#NYSE">YUM</a>) all represented around 5% each.
Other restaurants held in the ETF include Texas Roadhouse, Cheesecake Factory Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cake#NASDAQ">CAKE</a>), Cracker Barrel Old Country Store (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cbrl#NASDAQ">CBRL</a>) and Bloomin&rsquo; Brands Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blmn#NASDAQ">BLMN</a>).
The ETF also has around 10% of its holdings split across Sysco Corporation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/syy#NYSE">SYY</a>), US Foods Holdings Corp&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/usfd#NASDAQ">USFD</a>) and Performance Food Group&nbsp;Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pfgc#NYSE">PFGC</a>), which are among the largest suppliers to restaurants.
Invesco S&amp;P SmallCap Consumer Discretionary ETF&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pscd#NASDAQ">PSCD</a>): A smaller way for investors to get exposure to the restaurant sector is the Invesco S&amp;P SmallCap Consumer Discretionary ETF.
The ETF <a href="https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Investor&amp;ticker=PSCD">holds </a>small positions in many small-cap restaurants. Holdings include Shake Shack Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shak#NYSE">SHAK</a>), Brinker International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eat#NYSE">EAT</a>), Cheesecake Factory, Bloomin&rsquo; Brands, Dave &amp; Buster&rsquo;s Entertainment Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/play#NASDAQ">PLAY</a>), Dine Brands Global Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/din#NYSE">DIN</a>), BJ&#39;s Restaurants, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bjri#NASDAQ">BJRI</a>), Red Robin Gourmet Burgers, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rrgb#NASDAQ">RRGB</a>), El Pollo LoCo Holdings Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/loco#NASDAQ">LOCO</a>) and Fiesta Restaurant Group Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frgi#NASDAQ">FRGI</a>).
The top holding in the ETF is GameStop Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gme#NYSE">GME</a>) at 7.9% of assets and the restaurants are all 2.2% of assets or below.
The ETF does offer nice exposure to smaller restaurant companies that could benefit from the reopening of the economy.
(Photo: Kevin Turcios via <a href="https://unsplash.com/">Unsplash)</a>

Specialty ETFs

Restaurants

Small Cap

BJRI

BLMN

CAKE

CBRL

CHUY

EATZ

FRGI

JACK

LOCO

PFGC

PLAY

PSCD

RICK

RRGB

RUTH

SBUX

SHAK

TXRH

USFD

YUMC

3 ETFS To Watch With Increased Restaurant Spending

Golden Triangle Ventures' 'Destino Ranch' Set To Unlock Significant Shareholder Value

GTVH

여행 업계가 예상치 못한 난기류를 겪으면서 여행에 초점을 맞춘 ETF가 흔들리고 있다. 항공사가 매출 전망치를 낮추고, 예약 플랫폼이 어려움을 겪고, 호텔과 크루즈 선사의 주가가 하락하면서 여행 ETF 투자자들은 포트폴리오 하락을 지켜보고 있다. 여행 섹터를 추적하면서 압박을 받고 있는 세 가지 ETF는 다음과 같다.
<h3>1. U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>)</h3>
U.S. Global Jets ETF는 항공사에 대한 노출을 제공하는 ETF로 델타항공(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), 아메리칸항공(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NYSE">AAL</a>), 사우스웨스트항공(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NASDAQ">LUV</a>) 같은 주요 항공사 주식을 보유하고 있다. 델타항공과 아메리칸항공은 수요 부진으로 수익 전망을 하향 조정하면서, JETS ETF는 하락세를 보이고 있다. 델타의 기업 및 레저 여행 둔화 경고는 항공 산업이 힘든 길을 걷고 있다는 우려를 더욱 부추겼다. 이 ETF는 지난 한 달 동안 16% 하락했다.
<h3>2. ETFMG Travel Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWAY#NYSE">AWAY</a>)</h3>
ETFMG Travel Tech ETF는 익스피디아(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), 부킹 홀딩스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), 에어비앤비(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) 같은 온라인 여행 및 예약 회사를 추적한다. 익스피디아는 이번 주 S&amp;P 500에서 가장 저조한 성과를 보이며 8% 하락했다. 이는 <a href="https://www.benzinga.com/general/travel/25/03/44237055/delta-air-lines-cuts-q1-guidance-below-estimates-airline-stocks-fall" target="_blank" rel="noopener">주요 항공사들이 수익 전망을 하향 조정한 후</a> 발생한 일이다. 동시에 에어비앤비는 소비자들이 예산을 긴축할 경우 단기 임대 수요에 영향을 미칠 것이라는 우려로 6% 이상 하락했다. 이 ETF는 지난 한 달 동안 9% 떨어졌다.
<h3>3. Invesco Dynamic Leisure and Entertainment ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>)</h3>
Invesco Dynamic Leisure and Entertainment ETF는 호텔, 크루즈 라인 및 엔터테인먼트 회사를 포함하여 더 넓은 범위의 여행 관련 주식을 다룬다. 안타깝게도 메리어트(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>), 힐튼(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>), 하얏트(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) 같은 호텔 주식이 압박을 받고 있으며, 노르웨이안 크루즈 라인(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), 카니발(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>), 바이킹 홀딩스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIK#NYSE">VIK</a>) 같은 크루즈 운영사들도 하락세를 보이고 있다. PEJ ETF는 소비자 재량 지출에 크게 연관되어 있기 때문에 여행 심리의 둔화가 영향을 미쳤다. 이 ETF의 가격은 지난 한 달 동안 14% 하락했다.
<h3>여행 주식 하락의 원인은?</h3>
광범위한 시장 압력이 여행주를 압박하고 있다. 최근 영국의 벤치마크 지수인 FTSE 100은 여행 및 레저 주식의 하락으로 인해 거의 두 달 만에 최저치를 기록했다. 델타항공의 경고 이후 영국항공 소유주인 IAG는 6.1% 하락했고, 영국 전체 여행 업종은 3.1% 하락했다.
지정학적 요인도 영향을 미치고 있다. 철강 및 알루미늄 수입 관세 인상 등 미국의 관세 정책으로 촉발된 변동성이 시장의 불안감을 가중시켰다. 영국 정부는 보복하지 않기로 했지만, 무역 정책을 둘러싼 불확실성으로 인해 이미 어려움을 겪고 있는 여행주들의 상황이 더욱 악화되고 있다.
사진: Shutterstock
Benzinga Pro의 독점 뉴스 및 도구로 수익률을 높이세요.
독점 속보 및 스캐너와 같은 Benzinga Pro의 강력한 도구 세트로 다른 트레이더보다 우위를 점하세요. <a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

워너 브라더스 디스커버리(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>)의 주가는 이사회가 <a href="https://www.benzinga.com/topic/telecom" target="_blank" rel="noreferrer noopener">회사의</a> <a href="https://www.benzinga.com/pressreleases/24/12/n42459949/warner-bros-discovery-announces-new-corporate-structure-to-enhance-strategic-flexibility" target="_blank" rel="noreferrer noopener">새로운 기업 구조</a>를 승인한 후 목요일 15% 이상 급등했다.
이번 새로운 기업 구조에 따라, 워너 브라더스 디스커버리는 글로벌 리니어 네트웍스(Global Linear Networks)와 스트리밍 앤드 스튜디오(Streaming &amp; Studios)라는 두 개의 운영 부서로 나뉘게 됩니다.
글로벌 리니어 네트웍스는 선형 텔레비전 사업을, 스트리밍 앤드 스튜디오는 영화 및 엔터테인먼트 스튜디오와 지적 재산권 포트폴리오를 포함한다.
워너 브라더스 디스커버리는 2025년 중반까지 새로운 기업 구조를 구축할 계획이다.
추가 읽기: <a href="https://www.benzinga.com/24/12/42460647/ciena-q4-earnings-misses-eps-estimates-margins-decline-names-new-chair" target="_blank" rel="noreferrer noopener">시에나 4분 실적: 이익이 예상에 미치지 못하고, 마진이 하락, 새로운 의장을 임명</a>
이번 주 초, 워너 브라더스 디스커버리는 컴캐스트(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>)와의 <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42395322/warner-bros-discovery-stock-soars-after-multi-year-deal-with-comcast-comcast-shares-slide-on-subscriber-loss-estimates" target="_blank" rel="noreferrer noopener">다년간의 계약</a>을 체결하여 영국과 아일랜드의 엑스피니티(Xfinity) 및 스카이(Sky) 고객들에게 콘텐츠 라이브러리를 제공하기로 하였다. 이 계약은 컴캐스트의 글로벌 기술 플랫폼을 활용하여 선형 TV, 앱 및 스트리밍 서비스를 제공한다.
11월에 워너 브라더스 디스커버리는 <a href="https://www.benzinga.com/24/11/42044510/warner-bros-stock-jumps-after-securing-11-year-nba-deal-extension" target="_blank" rel="noreferrer noopener">NBA 파트너십을 11년 연장</a>했다.
워너 브라더스 디스커버리는 <a href="https://www.benzinga.com/news/earnings/24/11/41809105/warner-bros-discovery-q3-earnings-olympics-and-blockbusters-drive-gains-ceo-highlights-subscriber-s" target="_blank" rel="noreferrer noopener">3분기 매출</a>이 96억 달러로 3% 감소했으며, 컨센서스 추정치인 98억 달러를 하회했다고 보고했다. EPS는 5센트로 분석가 예상 손실 9센트를 상회했다. 또한 맥스(Max)는 해당 분기에 720만 명의 신규 가입자를 추가하여 플랫폼 출시 이후 가장 높은 분기 성장률을 기록했다.
투자자들은 Invesco Leisure and Entertainment ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>)와 The Communication Services Select Sector SPDR Fund(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)를 통해 워너 브라더스 디스커버리에 노출될 수 있다.
주가 변동: 워너 브라더스 디스커버리의 주식은 목요일 15.43% 급등한 12.49달러에 마감되었다. 이후 시간외 거래에서 1.76% 하락했다. 지난 30일 동안 주가는 35.47% 급등했다.
추가 읽기:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/24/12/42460099/us-listed-chinese-stocks-give-up-gains-in-anticipation-of-more-stimulus-to-beat-us-tariffs" target="_blank" rel="noreferrer noopener">미국 상장 중국 주식, 미국 관세 인상 대응 추가 부양책 기대 속 상승분 포기</a></li>
</ul>
이미지 출처: Shutterstock
Benzinga Pro의 독점 뉴스 및 도구로 더 많은 승리를 거두세요 
독점 속보 및 스캐너와 같은 Benzinga Pro의 강력한 도구 세트로 다른 트레이더보다 우위를 점하세요. 
<a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

로얄 캐리비안 크루즈(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>)의 주가가 화요일에 혼재된 <a href="https://www.benzinga.com/news/earnings/24/10/41601688/royal-caribbean-eyes-14-eps-in-2025-amid-cruise-demand-and-expanded-destinations" target="_blank" rel="noreferrer noopener">3분기 실적을 발표</a> 후 3% 이상 상승했다.
매출은 전년 대비 17.5% 증가한 48억 9천만 달러로, 컨센서스인 49억 달러를 밑돌았고, 조정된 주당순이익(EPS)은 5.20 달러로 <a href="https://www.benzinga.com/news/earnings/24/10/41601688/royal-caribbean-eyes-14-eps-in-2025-amid-cruise-demand-and-expanded-destinations" target="_blank" rel="noreferrer noopener">컨센서스인 5.03 달러를 상회</a>했다.
이 회사는 4분기 순수익률이 5.1%에서 5.6% 증가할 것으로 예상하고 있으며, 조정된 EPS는 1.40–1.45 달러로 <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">예상 EPS인 2.28 달러에 미치지 못할 것</a>으로 보인다.
골드만삭스의 애널리스트인 리지 도브(Lizzie Dove)는 앞으로의 전망에서 주요 실망 요인이 4분기 가이던스에서 나타날 것으로 예상한다고 작성했다. 보고된 순수익률 성장률은 5.3%에서 5.8%로 예상되며, 이는 예상치인 5.9%보다 약간 낮다.
이 전망은 허리케인 밀턴의 영향(약 40베이시스포인트로 추정)을 이미 반영한 것으로, 중간값을 5.95%로 조정한다고 애널리스트는 덧붙였다.
또한, 도브는 비용에 대한 강조가 증가할 것으로 예상하며, 4분기 가이던스의 연간 보고된 성장률이 7.8%에서 8.3%로 골드만삭스 및 시장 예상치인 5.6%에서 5.8%를 초과한다고 언급했다.
이 애널리스트는 4분기 조정 EPS 가이던스가 0.24 달러의 악재를 포함하고 있다고 말하며, 이는 허리케인 밀턴으로 인한 1/3과 3분기에서의 비용 전환 시기 조정 및 비현금 주식 보상 증가로 인한 2/3라고 설명했다.
3분기에서의 비용 전환 시점 조정을 반영하면 EPS 초과 달성이 감소하여 투자자 기대에 미치지 못할 수 있다고 이 애널리스트가 덧붙였다.
하지만, 도브는 기본적인 수치는 여전히 견고하다고 말하며, 수요와 가격 조건이 지난 실적 발표 이후 개선되었고 2025년에는 강한 수요가 예상된다고 강조했다.
이 애널리스트는 이러한 결과로 인해 시장의 장기 추정치가 상승할 것으로 예상하며, 현재 2025년 EPS가 14.04 달러로 추정되고, 시장의 추정치는 13.70 달러라고 언급했다.
투자자들은 Defiance Hotel, Airline, and Cruise ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRUZ#NYSE">CRUZ</a>)와 Invesco Leisure and Entertainment ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>)를 통해 이 주식에 접근할 수 있다.
주가 움직임: 화요일 로얄 캐리비안의 주식이 3.23% 상승하여 210.10달러에 마감되었다.
이미지 제공: Unsplash
다음 읽기:
<ul>
<li><a href="https://kr.benzinga.com/news/usa/stocks/%ED%81%AC%EB%A3%A8%EC%A6%88-%EB%9D%BC%EC%9D%B8%EC%9D%80-sp-500%EC%97%90%EC%84%9C-10%EC%9B%94-%EC%B5%9C%EA%B3%A0%EC%9D%98-%EC%84%B1%EA%B3%BC-%EB%A1%9C%EC%96%84-%EC%BA%90%EB%A6%AC%EB%B9%84/" target="_blank" rel="noopener">크루즈 라인이 S&amp;P 500의 10월 최고의 실적 주식 중 하나: 로얄 캐리비안과 노르웨이안 실적이 모멘텀을 유지할 수 있을까?</a></li>
</ul>
다른 트레이더들보다 30분 일찍 독점 시장 움직임 뉴스를 받아보세요. 
Benzinga Pro의 14일 무료 체험을 통해 독점 뉴스 기사를 이용할 수 있어 수백만 명의 다른 트레이더보다 먼저 실행 가능한 거래 뉴스를 얻을 수 있습니다. <a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

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Invesco Leisure and Entertainment ETF

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금요일, 12월 13, 2024

수요일, 10월 30, 2024

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