3 Media Stocks in Focus: Netflix Loses Steam, Viacom’s Growth to Slow, Disneyland Hong Kong Expands
Netflix (NASDAQ:NFLX): Netflix shares have lost some steam, dropping below $300 during a general selling off of Internet-based stocks. Netflix, which has been driven by some heavy momentum, was somewhat expected to run into increased volatility while Washington gets its act figured out, Seeking Alpha says.
Viacom (NYSE:VIAB): Bernstein believes that Nickelodeon’s ratings growth is set to dissipate and that a bullish outlook on Viacom’s stock must assume continued ratings improvement at the company’s Nickelodeon channel. The firm does not expect Nickelodeon’s ratings to continue to improve, and it keeps a Market Perform rating on Viacom shares.
Walt Disney Co. (NYSE:DIS): The Hong Kong Disneyland is planning to add a new section to its theme park that takes after the Iron Man theme, after the movie did exceptionally well with Chinese audiences. Disney has pumped some $465 million in investments into the park, and the House of Mouse is hoping that the new attractions will appeal to China’s growing middle class, which has more disposable income to throw around.