|Bid||0.00 x 1100|
|Ask||0.00 x 1100|
|Day's Range||19.37 - 19.70|
|52 Week Range||16.91 - 27.70|
|Beta (3Y Monthly)||0.62|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 15, 2019 - May 20, 2019|
|Forward Dividend & Yield||0.18 (0.93%)|
|1y Target Est||1,749.51|
World Wrestling Entertainment (NYSE:WWE) stock highlights the very real importance of not letting your biases impact your judgment. I learned that the hard way. Last year, I wrote a disparaging article about WWE stock.Source: Shutterstock Later, I followed that up with a muted, but nevertheless bearish, assessment. Both columns turned out to be wrong. * 7 Small-Cap Stocks That Make the Grade In my defense, I think most (reasonable) people would cut me some slack. We're talking about scripted events during which grown men - and sometimes women - prance around like idiots, engaging in fake conflicts. Combatants exchange words, and fists start flying. Invariably, out of the blue someone comes running out with a chair.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis is either a scene from Facebook's (NASDAQ:FB) boardroom discussions or the catalyst for the inexplicable rise of WWE stock price. At least if someone had secretly recorded an executive-level meltdown at the social-media firm, I would understand why watching it would be a guilty pleasure.WWE? Forgive me, folks, but I just don't get it.But I made the same mistake when I initially analyzed WWE stock. Sure, I had hard facts to back me up, such as declining TV viewership. Also, sports-related stocks, such as Manchester United (NYSE:MANU), haven't historically performed well.Unfortunately, I didn't appreciate that the people who care about pro-wrestling tend to be extremely fanatical. Of course, executives at Twenty-First Century Fox (NASDAQ:FOXA) had a much more open mind than I did. They inked a deal to broadcast SmackDown Live on the Fox network , launching the WWE stock price to the moon.WWE stock price dropped during the market meltdown at the end of last year, but the shares recovered in 2019 with the rest of the market, and WWE stock price is up nearly 24% in 2019. The WWE Stock Price Will Meet a Flying ChairAs I previously mentioned, World Wrestling Entertainment follows a script. Part of its allure is that audiences don't know what to expect.However, if you watch enough episodes of WWE Raw, you'll soon recognize a pattern. You don't know who's going to throw a cheap shot, but someone will. And you don't know what the weapon of choice will be, but more likely than not, it will be a folding chair.This is a perfect analogy for what's in store for WWE stock. I don't know exactly when the proverbial chair is coming, nor do I know who will launch it. But at some point, the high-flying anomaly that is WWE stock will undergo a correction.I say this with reasonable confidence because the company is racing against the demographic clock. For any entertainment operation to be relevant, it must attract young people. WWE did exactly that…30 years ago. Currently, it's reaping the consequences of not effectively courting new viewers.According to TheSportsDaily.com, the wrestling league is most popular among the 50-plus crowd. Another worrisome factor is that WWE doesn't genuinely appeal to minorities. As Forbes' contributor Alfred Konuwa reported, the league has a poor record with black wrestlers. According to one of his embarrassing facts, the last African-American to headline the flagship WrestleMania event was Lawrence Taylor.I love the original "LT," but that factoid is simply insane. What Konuwa is saying without saying it is that the WWE is getting whiter, while the nation is becoming browner. Again, this dynamic shows you how out of touch the league is with reality. Don't Think About Shorting WWE StockAfter reading about the demographic problems that may soon catch up with WWE stock, you may be tempted to short it. But please take my failures in trying to assess WWE stock to heart: this is a weird stock.Under any other circumstances, this sports-related stock shouldn't perform that well. Sports viewership overall has declined, so why should interest in "fake" sports increase? Also, it's the WWE! I wish I could add some expletives to further express my exasperation.But there's one factor you must realize: the league's core fans have stayed with the program through thick and thin. Yes, they may be grayer, but they're also far richer. They can afford to plunk down thousands to watch their childhood heroes in person.So while I'm not crazy about World Wrestling Entertainment, I've also learned my lesson. WWE is as terrible as you think it is, and probably worse. But for now, it's being kept alive by people who love it.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post Reality Will Eventually Hit World Wrestling Entertainment Stock appeared first on InvestorPlace.
European soccer’s top clubs are due to hold a secret meeting with UEFA on Tuesday to discuss potentially radical changes to the format of the Champions League, the most prestigious tournament in the game, according to several people familiar with the matter. After years of speculation, these will be the first formal talks between the bodies with the explicit intention of reshaping European soccer. Another proposal would move Champions League games from their midweek slots into the weekend—a change that would subvert the primacy of each country’s national league, including the English Premier League.
Investing.com - Shares of Juventus skyrocketed nearly 17% on Wednesday after a stunning comeback against Atlético de Madrid sent the Italian team on its way to the quarter-finals.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains dives into Puma's partnership with global soccer powerhouse Manchester City, and then takes a look at ESPN's (DIS) first big push into the sports betting scene.
Mid-caps stocks, like Manchester United plc (NYSE:MANU) with a market capitalization of US$3.5b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-capRead More...
Higher passenger ticket revenues lead to Norwegian Cruise Line's (NCLH) top line increasing year over year in the fourth quarter of 2018.
LONDON, Feb. 20, 2019 /PRNewswire/ -- Marriott International (MAR) and Manchester United (MANU) today announced a multi-year marketing partnership, giving the 120 million members of the Marriott Bonvoy travel programme exclusive opportunities for once-in-a-lifetime Manchester United football experiences - including the chance to become the club's Stadium Announcer or Kit Manager for the day. The new partnership launches today with a film that features familiar faces from the Manchester United first team and team management, bringing these magical moments to life.
(MANU) Manchester United today announces a multi-year partnership with Hawaii-based sunglasses and eyewear brand Maui Jim. Renowned for their superior lens technology and premium collections, Maui Jim will supply the Manchester United first team, academy and women’s teams with glasses from their sun and optical ranges. As part of the agreement, Maui Jim eyewear will be available to fans in the Old Trafford Megastore from 26th February.
Mourinho departed in December after a run of dismal results, prompting the appointment of former United striker Ole Gunnar Solskjaer as caretaker manager for the rest of the season. United said it had paid £19.6 million as compensation to Mourinho and some members of his coaching staff. According to media reports, the former Real Madrid, Chelsea, Inter Milan and FC Porto manager was paid severance of £15 million.
Sacking Portuguese manager Jose Mourinho cost Manchester United 19.6 million pounds ($25.1 million), the English Premier League soccer club said on Thursday, though it still expects to meet its financial targets for the year. Mourinho departed in December after a run of dismal results, prompting the appointment of former United striker Ole Gunnar Solskjaer as caretaker manager for the rest of the season.
Manchester United (MANU) delivered earnings and revenue surprises of 80.00% and 13.30%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Manchester, Britain-based company said it had profit of 21 cents. Earnings, adjusted for non-recurring costs, came to 36 cents per share. The soccer club posted revenue of $268.4 ...
English Premier League soccer club Manchester United posted higher second-quarter revenue helped by a 38 percent surge in broadcasting income and stuck to its financial targets for the year. The club also said it had paid 19.6 million pounds ($25.10 million) as compensation to former manager Jose Mourinho and some members of his coaching staff after the Portuguese coach was sacked in December.
MANCHESTER, England-- -- Q2 RECORD REVENUES OF £208.6 MILLION Q2 RECORD ADJUSTED EBITDA OF £104.3 MILLION Q2 OPERATING PROFIT OF £44.0 MILLION Manchester United – one of the most popular and successful sports teams in the world - today announced financial results for the 2019 fiscal second quarter ended 31 December 2018. Highlights Ole Gunnar Solskjaer and Mike Phelan returned to Old Trafford to manage ...
Hilton's (HLT) fourth-quarter 2018 earnings are favored by growth in comparable revenues per available room and average daily rate.
Profitability initiatives, focus on enhancing technological capabilities and a favorable market scenario are the major positives for Royal Caribbean (RCL).