Disaster Two Days for Media Stocks

Yesterday and today have been terrible for media stocks. Here’s the S&P 500 Media Stock Total Return Index:

big08072015d

Thanks to big losses from Disney (DIS) and Viacom (VIA), the sector has looked terrible. Twenty-First Century Fox (FOXA) and Time Warner (TWX) have also been weak.

Meanwhile, Netflix (NFLX) is near another new high.

Posted by on August 6th, 2015 at 5:06 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.