This Stock Puts A “Smackdown” On Market Bears

Dear Rundown Reader,

When trade wars create turmoil it pays to get creative with your market moves.

Simple trading rules like “price is king” become very important.

Folks will also tell you not to panic.

Most folks don’t listen of course.

They panic. They chase price. Many end up worse off by doing so.

But as trade war panic hits a new level of extreme…

Our experts are continually proving, no matter what the market’s doing, someone is always making money.

And that someone could be you.

Today’s Rundown explains how with a surprising market darling.

Your Rundown for Wednesday, June 27, 2018…

WWE Shareholders Up Over 50% For Year

This stock is putting the “smackdown” on the market.

While things go from volatile to bloodbath this week, WWE owners are having a great day.

Make that a great month.

And a fantastic year.

The numbers don’t lie. Nor does the price action. Or underlying fundamentals driving this price action.

For those who plan to panic at the next Trump tweet, WWE may be the stock you need to calm the angst.

Here’s WWE’s (black) 200-day chart relative to the S&P 500 (blue) over the same time frame.

WWE

Source: StockCharts.com

That’s incredible growth.

And this week, as traders sold everything but the kitchen sink, WWE holders are still in the money with shares up almost 12% pre-market this morning.

There are a number of things working for the company.

Like it or not, the product is more popular than ever.

People can’t get enough of WWE’s “Smackdown” and “Raw” events.

The Wall Street Journal reporting this morning, WWE was able to increase its annual average rights fees for the shows from $130 million to $468 million.

A price increase of 260%. Which is sure to make its way back to shareholders.

And adding fuel to the fire, WWE recently signed a new five-year rights deals with Comcast and Fox.

According to Bloomberg, “Monday Night Raw” will continue to air on USA Network, while Fox Sports will show “SmackDown Live.”

Fox’s deal to carry the WWE is another wrinkle in an ever complicated story.

One can only wonder how this deal will affect Comcast’s reaction to Disney’s latest $71.3 billion bid for Fox.

However that plays out is one thing. But one clear winner regardless is the WWE.

Make that two clear winners. Shareholders are up over 50% YTD.

Now, turning to the markets this morning…

Market Rundown for Wed., June 27

Yield on the 10-Year Treasury sits at 2.862% this morning, down 0.018.

S&P 500 futures are down 3.75 at 2,724.

Oil’s up $0.64 to $71.17.

Gold’s down $1.00 to $1,258.

Bitcoin goes for $6,094 this morning, according to CoinDesk.

We’ll talk again on Thursday.

For the Rundown,

Aaron Gentzler

Aaron Gentzler

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Aaron Gentzler

Aaron Gentzler is the publisher of Seven Figure Publishing. He is also the editor of The Rundown and has been with Agora Financial / Seven Figure Publishing since 2005. He's been covering technology and markets for over a decade.

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