Winners And Losers Of Q2: Sphere Entertainment (NYSE:SPHR) Vs The Rest Of The Leisure Facilities Stocks [Yahoo! Finance]
Sphere Entertainment Co. Class A (SPHR)
Company Research
Source: Yahoo! Finance
Leisure facilities companies often sell experiences rather than tangible products, and in the last decade-plus, consumers have slowly shifted their spending from "things" to "experiences". Leisure facilities seek to benefit but must innovate to do so because of the industry's high competition and capital intensity. The 12 leisure facilities stocks we track reported a mixed Q2. As a group, revenues were in line with analysts' consensus estimates while next quarter's revenue guidance was 13.8% below. After much suspense, the Federal Reserve cut its policy rate by 50bps (half a percent) in September 2024. This marks the central bank's first easing of monetary policy since 2020 and the end of its most pointed inflation-busting campaign since the 1980s. Inflation had begun to run hot in 2021 post-COVID due to a confluence of factors such as supply chain disruptions, labor shortages, and stimulus spending. While CPI (inflation) readings have been supportive lately, employment measures
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News
- Sphere Entertainment shares rise after Wolfe's 'outperform' upgrade Oct. 02, 2024 3:53 PM ET By: Ahmed Farhath , SA News Editor [Seeking Alpha]Seeking Alpha
- Home Depot upgraded, Humana downgraded: Wall Street's top analyst calls [Yahoo! Finance]Yahoo! Finance
- Sphere Entertainment Co. (NYSE: SPHR) was upgraded by analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating. They now have a $60.00 price target on the stock.MarketBeat
- Las Vegas Sphere's robot is seen 'learning about humans' from her interactions with guests [FOX News]FOX News
- This Sphere Entertainment Insider Increased Their Holding By 21% Last Year [Yahoo! Finance]Yahoo! Finance