3 Top Entertainment Stocks to Watch in May
It's been a tough start to 2022 for the stock market with the benchmark S&P 500 down about 14% year to date. Still, a significant drop in the market can be a buying opportunity with discounts on quality businesses for long-term investors.
The entertainment industry in particular has struggled in 2022, creating outsize sales on stocks from some of your favorite content producers. With that in mind, here's why Netflix (NASDAQ: NFLX), Walt Disney (NYSE: DIS), and Warner Bros. Discovery (NASDAQ: WBD) are worth putting on your watch list this month.
The stock of the most widely used streaming service, Netflix, has been in free fall in 2022, dropping roughly 70%. Most of the sell-off occurred after the company reported the first quarterly loss in overall subscribers in 10 years and guided for a 2 million subscriber loss in its second quarter of 2022. Still, the company maintains the most paid subscribers -- some 222 million -- among its streaming competitors.
Source Fool.com
