Yahoo Finance Video
On today's Good Buy or Goodbye segment, Gabelli Funds co-CIO Chris Marangi joins host Julie Hyman to navigate the best stock picks for investors in the sports media sector. Marangi names Atlanta Braves Holdings (BATRK) as a stock to buy, highlighting the "very few opportunities to own sports assets in the public market." Furthermore, he highlights that the stock is currently trading at a discount to its private market valuation, presenting a good entry point for investors. Marangi also commends the company's strategic positioning, stating that it has "positioned it for a sale to capture that trophy value." On the other hand, Marangi advises investors to avoid investing in the Walt Disney Company (DIS). Despite its iconic status, he acknowledges that the media giant is "still not immune to the forces impacting the media industry." With the rapid rise of streaming platforms, Marangi believes that Disney's future earnings potential may be hindered. Additionally, Marangi cites "moderating demand" in Disney's amusement parks as a concerning factor, attributing it to consumers' heightened economic sensitivity. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
