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The Zacks Analyst Blog Highlights Warner Bros, Invesco Dynamic Media ETF, Communication Services Select Sector SPDR Fund, First Trust S-Network Streaming & Gaming ETF and Invesco S&P 500 Equal Weight Communication Services ETF
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For Immediate Release
Chicago, IL – August 8, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks and ETFs recently featured in the blog include: Warner Bros. (WBD - Free Report) , Invesco Dynamic Media ETF , Communication Services Select Sector SPDR Fund (XLC - Free Report) , First Trust S-Network Streaming & Gaming ETF (BNGE - Free Report) and Invesco S&P 500 Equal Weight Communication Services ETF (RSPC - Free Report) .
Here are highlights from Monday’s Analyst Blog:
"Barbie" Hits $1B in Box Office: Media ETFs on a Roll
Barbie, the iconic doll turned movie star by Warner Bros., topped $1 billion at the global box office since its debut on Jul 21, marking a historic moment for the film industry. According to the production studio Warner Bros, the fantasy-comedy movie raked in $549 million from domestic theaters — the United States and Canada — and another $572.1 million overseas since its premiere, for a total of $1.03 billion.
This marks the first billion-dollar film for the newly minted Warner Bros. Discovery, which merged in 2022, and the second-highest-grossing movie so far this year after Universal’s The Super Mario Bros.Movie, which topped $1.3 billion since its April debut (read: Media Stocks & ETFs in Focus on "Barbenheimer" Success).
Written and directed by Oscar-nominated Greta Gerwig, Barbie has become the first movie directed solely by a woman to hit this box office milestone. It holds the title of the highest-grossing live-action film domestically for a female director, surpassing Wonder Woman and Captain Marvel.
Barbiehas remained No. 1 at the box office for three consecutive weekends despite the stiff competition from Teenage Mutant Ninja Turtles: Mutant Mayhem, Meg 2: The Trench and Oppenheimer.
The blockbuster movie has provided a huge boost not only to Warner Bros. but the entire media and entertainment industry. Investors seeking to tap the success could consider ETFs having exposure to these stocks. Below we have highlighted some of them:
Invesco Dynamic Media ETF
Invesco Dynamic Media ETF provides exposure to companies engaged in the development, production, sale and distribution of goods or services used in the media industry by tracking the Dynamic Media Intellidex Index. It holds 31 stocks in the basket.
Invesco Dynamic Media ETF has been able to manage $32.9 million in its asset base while seeing a lower volume of about 4,000 shares a day. It has 0.63% in expense ratio and a Zacks ETF Rank #4 (Sell) with a Medium risk outlook.
Communication Services Select Sector SPDR Fund
Communication Services Select Sector SPDR Fund offers exposure to companies from telecommunication services, media, entertainment and interactive media & services, and has accumulated $14.5 billion in its asset base. It follows the Communication Services Select Sector Index and holds 23 stocks in its basket. About half of the portfolio is allocated to interactive media & services, while entertainment and media round off the next two with double-digit allocation each.
Communication Services Select Sector SPDR Fund charges 10 bps in annual fees and trades in an average daily volume of 6 million shares. It has a Zacks ETF Rank #2 (Buy).
First Trust S-Network Streaming & Gaming ETF
First Trust S-Network Streaming & Gaming ETF tracks the S-Network Streaming & Gaming Index and holds 45 stocks in its basket. From a sector look, entertainment takes the largest share at 46%, while hotels, restaurants & leisure, interactive media & services, semiconductors & semiconductor equipment round off the next three spots with double-digit exposure each (read: ETFs to Add Gains on Netflix Q2 Solid Subscriber Growth).
First Trust S-Network Streaming & Gaming ETF has accumulated $4.6 million in its asset base and trades in an average daily volume of under 1,000 shares. It charges 70 bps in annual fees.
Invesco S&P 500 Equal Weight Communication Services ETF
Invesco S&P 500 Equal Weight Communication Services ETF follows the S&P 500 Equal Weight Communication Services Plus Index. It holds 36 stocks in its basket, with media and entertainment firms accounting for 69%.
Invesco S&P 500 Equal Weight Communication Services ETF charges 40 bps in fees per year and has amassed $56 million in its asset base.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights Warner Bros, Invesco Dynamic Media ETF, Communication Services Select Sector SPDR Fund, First Trust S-Network Streaming & Gaming ETF and Invesco S&P 500 Equal Weight Communication Services ETF
For Immediate Release
Chicago, IL – August 8, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks and ETFs recently featured in the blog include: Warner Bros. (WBD - Free Report) , Invesco Dynamic Media ETF , Communication Services Select Sector SPDR Fund (XLC - Free Report) , First Trust S-Network Streaming & Gaming ETF (BNGE - Free Report) and Invesco S&P 500 Equal Weight Communication Services ETF (RSPC - Free Report) .
Here are highlights from Monday’s Analyst Blog:
"Barbie" Hits $1B in Box Office: Media ETFs on a Roll
Barbie, the iconic doll turned movie star by Warner Bros., topped $1 billion at the global box office since its debut on Jul 21, marking a historic moment for the film industry. According to the production studio Warner Bros, the fantasy-comedy movie raked in $549 million from domestic theaters — the United States and Canada — and another $572.1 million overseas since its premiere, for a total of $1.03 billion.
This marks the first billion-dollar film for the newly minted Warner Bros. Discovery, which merged in 2022, and the second-highest-grossing movie so far this year after Universal’s The Super Mario Bros.Movie, which topped $1.3 billion since its April debut (read: Media Stocks & ETFs in Focus on "Barbenheimer" Success).
Written and directed by Oscar-nominated Greta Gerwig, Barbie has become the first movie directed solely by a woman to hit this box office milestone. It holds the title of the highest-grossing live-action film domestically for a female director, surpassing Wonder Woman and Captain Marvel.
Barbiehas remained No. 1 at the box office for three consecutive weekends despite the stiff competition from Teenage Mutant Ninja Turtles: Mutant Mayhem, Meg 2: The Trench and Oppenheimer.
The blockbuster movie has provided a huge boost not only to Warner Bros. but the entire media and entertainment industry. Investors seeking to tap the success could consider ETFs having exposure to these stocks. Below we have highlighted some of them:
Invesco Dynamic Media ETF
Invesco Dynamic Media ETF provides exposure to companies engaged in the development, production, sale and distribution of goods or services used in the media industry by tracking the Dynamic Media Intellidex Index. It holds 31 stocks in the basket.
Invesco Dynamic Media ETF has been able to manage $32.9 million in its asset base while seeing a lower volume of about 4,000 shares a day. It has 0.63% in expense ratio and a Zacks ETF Rank #4 (Sell) with a Medium risk outlook.
Communication Services Select Sector SPDR Fund
Communication Services Select Sector SPDR Fund offers exposure to companies from telecommunication services, media, entertainment and interactive media & services, and has accumulated $14.5 billion in its asset base. It follows the Communication Services Select Sector Index and holds 23 stocks in its basket. About half of the portfolio is allocated to interactive media & services, while entertainment and media round off the next two with double-digit allocation each.
Communication Services Select Sector SPDR Fund charges 10 bps in annual fees and trades in an average daily volume of 6 million shares. It has a Zacks ETF Rank #2 (Buy).
First Trust S-Network Streaming & Gaming ETF
First Trust S-Network Streaming & Gaming ETF tracks the S-Network Streaming & Gaming Index and holds 45 stocks in its basket. From a sector look, entertainment takes the largest share at 46%, while hotels, restaurants & leisure, interactive media & services, semiconductors & semiconductor equipment round off the next three spots with double-digit exposure each (read: ETFs to Add Gains on Netflix Q2 Solid Subscriber Growth).
First Trust S-Network Streaming & Gaming ETF has accumulated $4.6 million in its asset base and trades in an average daily volume of under 1,000 shares. It charges 70 bps in annual fees.
Invesco S&P 500 Equal Weight Communication Services ETF
Invesco S&P 500 Equal Weight Communication Services ETF follows the S&P 500 Equal Weight Communication Services Plus Index. It holds 36 stocks in its basket, with media and entertainment firms accounting for 69%.
Invesco S&P 500 Equal Weight Communication Services ETF charges 40 bps in fees per year and has amassed $56 million in its asset base.
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Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.