Fans of the Beatles, gear up for Sony merchandise! Sony Music Entertainment will sell the iconic musical band's merchandise.
The company has signed an agreement to be the exclusive North American purveyor of Beatles T-shirts and other memorabilia, according to a Wall Street Journal report.
Citing people familiar with the matter, the Journal mentioned that Thread Shop, Sony Music Entertainment's merchandise division, will collaborate with Apple Corps Ltd., the band’s London-based corporate entity, to expand the Beatles brand in the U.S. through apparel and other products and partnerships.
Since 2013, the Beatles’ North American merchandise license had been held by Bravado, a subsidiary of Vivendi’s Universal Music Group. Joe Marziotto, who was previously vice president of brand marketing at Bravado, will join Thread Shop as vice president of licensing and marketing.
The 50-day moving average for SONY moved below the 200-day moving average on April 15, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
The Momentum Indicator moved below the 0 level on March 25, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SONY as a result. In of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SONY turned negative on April 02, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SONY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for SONY entered a downward trend on April 18, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 15 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
SONY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock slightly better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. SONY’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.189) is normal, around the industry mean (77.054). P/E Ratio (18.867) is within average values for comparable stocks, (44.654). SONY's Projected Growth (PEG Ratio) (4.413) is very high in comparison to the industry average of (1.742). SONY has a moderately low Dividend Yield (0.007) as compared to the industry average of (0.025). P/S Ratio (1.227) is also within normal values, averaging (65.367).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a developer of electronic equipment, consumer & industrial electronics, game consoles & related software and others
Industry ElectronicsAppliances