5 Entertainment Stocks to Watch

The stock market can be a crazy place. For example, think about the retail investors taking on Wall Street giants in the hedge funds GameStop news. This was big and people followed the story closely.

For the longest time, people have invested in the world's most famous assets through the stock market. Every investor has to make a good decision on where to invest their hard-earned money to get returns. A small percentage of the people who invest in the stock market make profits, whereas the higher percentage lose their money. Some reasons for the loss are lack of knowledge on trading stocks, and the other is investing blindly in the hope that the investment will multiply. This is also called scalping in the forex.

People have always bought stocks, but nobody ever thought that there would come a time when stocks from the entertainment industry would do so well. Entertainment is no longer a luxury, thanks to COVID-19. In 2020, most people were indoors, and everybody was busy browsing the internet searching for entertainment content. The results are evident today. If you are looking for an investment plan, here are the top entertainment stocks you should watch.

1. Netflix

Netflix is one of the companies doing well in the stock market. The video streaming company was formed in 1997 but launched its very first video in 2007. Since then, the company has experienced enormous growth. From one country it now provides services in over 150 countries. Today, the company has over 200 million members with payable subscriptions. One of the things that have made Netflix experience colossal growth is that their subscribers can stream the videos anywhere and anytime as long as they are connected to the internet. Netflix brings over $225 billion per year, with 2020 increasing by 19%.

2. Walt Disney Company

This is an international entertainment company that entertains, inspires, and informs people all over the globe. Walt Disney has made it to the top. Some of the things that led it to popularity include Mickey Mouse cartoons, Disneyland, and Disneyworld. As people continue to see entertainment as a necessity, so does Walt Disney continue to grow. In 2020, Walt Disney made a revenue of $18 billion, something they had never attained in the previous years. In one year, the stock gained almost 50%, and that is why you need to think twice about it.

3. Roku

Roku is composed of digital media streaming devices that are compatible with your smart TV to ensure that you get content from various service providers. Technology and innovation have never been better. Today, you don't need cabled channels for entertainment in your homes. All you need is a smart TV, internet connectivity, and a Roku operating system software. During the worst days of the pandemic, people had time to explore and get the newest products in the market. That is where Roku's most extensive user base began, and it can only do better in the future.

4. GameStop Corporation

It is a company based in Grapevine, Texas. It is one of the best American video games provider. It is also a retailer of gaming devices and consumer electronics. The history of this company dates back to 1984 when it only dealt with software development. Today, it is the world's most prominent stop for gaming consoles, systems, Nintendo, and Play Stations.

By December 3oth of 2020, a share at GameStop had gone up to $18.84. That is compared to the $6.15 per share in January 2020. That means that the year was good as many people were at home and got a lot of time to purchase and participate in the games. Kids and adults are not going to stop playing these games any time soon. Therefore, it is a stock that you need to look at, keeping in mind the characteristics of a winning stock in the market.

5. Draftkings, Inc.

There has always been the question of whether Draftkings is legit. Yes, the company is very legit. Its journey started way back in 2012, and it is headquartered in Boston in the USA. The company deals with online gaming, and sports. This is one of the stocks in the entertainment industry that has shocked many. In one year, the stock rose by 22%. Imagine if an investor had purchased the stock a year ago. They could have made a fortune. Whatever stock you invest in, learn and uphold the laws that govern the security industry.

Jaylin is a Staff Writer for Bizmaa focusing on business analytics, business systems, gadgets and other small business news. She has a background in information and communications technology coordination.