Key Points
- Endeavor is a leading sports, entertainment and talent company representing over 6,000 artists and content creators worldwide and owns the UFC and WWE, which it plans to spin off under the ticker TKO.
- Endeavor expects the WGA/SAG-AFTRA strikes to adversely impact revenues around $25 million per month, which is small compared to the $1.46 billion total Q2 2023 revenues.
- Novavax expects COVID to become a seasonal public health challenge focusing on this year's Omicron Variant EB.5 triggering a resurgence in COVID cases and hospitalizations as CDC sets a Sept 12, 2023, date to discuss vaccine rollouts. NVAX has $5.36 in cash and a 42% short interest.
- 5 stocks we like better than Endeavor Group
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