Reply To: Traders Market Weekly: Valuation Matters in Earnings Season

#39696
Truman
Participant

At The Movies:

The fifth installment in the Universal (CMCSA) Despicable Me/Minions franchise will roll into theaters this weekend, with Minions: The Rise of Gru expected to lead the box office. Romance film Mr. Malcolm’s List from Bleecker Street will also debut, while holdovers Top Gun: Maverick and Elvis are expected to do well over the three-day holiday.

As of last weekend, the U.S. box office haul was up 263% from last year to $3.63B in ticket sales.

“Even with a third-less content, summer 2022 is rolling along as audiences and theaters have found their cinematic groove,” noted Exhibitor Relations analyst Jeff Bock. Notably, Maverick has moved up to become the No. 14-grossing domestic film of all time, with its $534.5M total passing Rogue One: A Star Wars Story.