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Globe editors have posted this research report with permission of CMC Markets. This should not be construed as an endorsement of the report's recommendations. For more on The Globe's disclaimers please read here. The following is excerpted from the report:
It seems like a lot longer but it's only been a month since media stocks sold off following a round of disappointing earnings. Since then, the focus of traders has shifted away from stocks and sectors following the end of earnings season to broader drivers, such as China's market crisis and interest rate speculation.
To no surprise, media stocks have continued to decline over the last several weeks, but performance among the stocks in the group has changed significantly.
After TIFF, which runs from September 10-20 this year, speculation about the holiday box office and Oscar contenders starts to ramp up, which has historically driven a sector rebound into the year end.
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