Benchmark U.S. crude oil for May delivery rose 44 cents to $59.77 a barrel Wednesday. Brent crude oil for June delivery rose 42 cents to $63.16 a barrel.
Wholesale gasoline for May delivery fell 2 cents to $1.95 a gallon. May heating oil rose 2 cents to $1.81 a gallon. May natural gas rose 6 cents to $2.52 per 1,000 cubic feet.
Gold for June delivery fell $1.40 to $1,741.60 an ounce. Silver for May delivery rose 2 cents to $25.25 an ounce and May copper fell 7 cents to $4.05 a pound.
The dollar fell to 109.81 Japanese yen from 109.87 yen. The euro fell to $1.1865 from $1.1871.
Featured Article: What is a Special Dividend?7 Entertainment Stocks That Are Still Delighting Investors
2020 has created a real-life movie script that many production companies could have only dreamed of. But that dream has been a nightmare for many of the world’s leading entertainment stocks. Movie theaters and live entertainment venues remain shut down. The words “pent-up demand” have never resonated more. Consumers are desperate for ways to be entertained.
That may make it an odd time to consider looking at entertainment stocks. But that would be a mistake. In fact, some entertainment stocks have been among the biggest pandemic winners. This is a trend that is likely to continue as the holidays arrive. The phrase “home for the holidays” is likely to have a new meaning this year. That means consumers will still be looking for ways to be entertained. And now is the time for you to prepare your portfolio for that move.
To be clear, the novel coronavirus was not due to poor management from any company. And you can bet that in the future, many companies will leave some room in their balance sheet for future “acts of God.” But in the meantime, some entertainment stocks have been pandemic winners. And that means they will likely continue to be winners as long as the pandemic lingers.
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