Media Stocks to Hit More Turbulence with Wobbly Q2 Earnings and Weak Second Half Outlook
variety.comWilliam Earl Who’s up, who’s down and who is really in deep trouble on Wall Street? Media stocks have been on a wild ride in the first half of 2023.
On the latest episode of Variety podcast “Strictly Business,” Variety Intelligence Platform media analyst Heidi Chung breaks down how Disney, Netflix, Comcast and other leading lights of media and entertainment have performed so far this year. “The best performing sector in the first half of the year was technology.
And a lot of that was driven by the interest by investors in the generative AI boom, specifically,” Chung says in conversation with “Strictly Business” hosts Andrew Wallenstein and Cynthia Littleton. “This sort of optimism about where technology is headed has really driven up those stocks.
Though I will say even though there’s a lot of bullishness in the market, a lot of investors right now are worried that we’re seeing a bit of an overbought situation.
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