Sign in to wowOwow

Enter the email address that you used when registering at wowOwow.
The password field is case sensitive. Click here if you have forgotten your password.

Please register for wowOwow

Newsletter subscriptions
Sign up to receive wowOwow's weekly newsletter and get our best picks delivered right to your inbox. Our newsletter content is hand-picked by the wowOwow editorial team and provides the top features, news, and commentary from our site. Subscribing to our newsletter is free and safe. We will never share your email or other information with a third-party without your direct consent.
By registering, you indicate that you have read and agree
with our privacy policy and terms of service.

A Friend Stopped By | 02/26/2009 11:00 am

Your Post-Oscars Portfolio – Could Winners Determine What's Gold?

By Jennifer Openshaw, President & co-founder, WeSeed
Jennifer Openshaw is co-founder and president of WeSeed, a new approach to demystifying the stock market for real everyday people. She’s also the author of The Millionaire Zone You can reach her at jopenshaw@weseed.com.

"Slumdog Millionaire" was the belle of the ball and Sean Penn was the surprise winner of the best actor award for "Milk." Now that all the awards have been passed out, these companies might keep the Oscar buzz going.

1. Time Warner (TWX): Time Warner struck gold when its underdog hit "Slumdog Millionaire" won eight awards, including best picture. Not only that, it also cashed in when "The Dark Knight" pulled in the award for best supporting actor, thanks to Heath Ledger’s incredible performance. Time Warner is currently spinning off its cable television unit, Time Warner Cable (TWC), so it’ll be interesting to see how that affects the stock, currently at $7.

2. Viacom (VIA): "The Curious Case of Benjamin Button" racked up 13 nominations, but Viacom’s baby didn’t come home with any of the major awards. Sure, it won for art direction, visual effects and makeup, but that’s not much comfort considering the hype the movie received. Viacom has seen its profits drop recently, and even MTV is having trouble getting great ratings like it did back in the day. The stock is currently trading at $16.

3. General Electric (GE): One of the biggest surprises of the night was Sean Penn taking the best actor award for "Milk" over Mickey Rourke in "The Wrestler." GE owns the distribution company behind the film, and it’s holding on for some good news. There are rumors GE will have to cut its dividend, and if that happens, the stock might drop even further below its current $8 price tag.

4. Walt Disney (DIS): "Wall-E" might have been marketed for kids, but it seems like everyone and their mother saw this movie. That’s good news for Disney. Not only that, Disney owns ABC, which aired the Oscars, and early numbers show that the ratings were up a notch from last year. All good news for a stock trading at $17, its current 52-week low.

5. Winmark (WINA): There were many beautiful dresses on the red carpet, though most were way too expensive for most Americans’ budgets. In this economy, who can afford to spend thousands of dollars on a dress? Why not wait until the Hollywood elite get sick of them and chuck them to the curb? That’s what consignment stores like Winmark are all about. It’s hoping Oscar fans will come a-hunting in its stores for last year’s fashions at a steep discount. Look at Penélope Cruz, who won for best supporting actress. She was wearing a Balmain vintage dress made from 60-year-old Paris silk! Speaking of discounts, this stock hasn’t been at $10 since 2003 — it might be a good opportunity.

6. Regal (RGC) and Cinemark (CNK): How many times last night did you say to yourself, “If this movie is that good, I definitely need to see it on the big screen!” These two movie-theater stocks are hoping people will go to the movies to check out some of the big winners they missed the first time around. Regal’s fourth-quarter earnings jumped 30%, and the stock is trading at $9, while Cinemark is trading at $8.

2 Reader Comments (so far…) Sign In or Register to comment

Ms. Dee
Fabulous information!  Thanks!
By Ms. Dee on 02/26/2009 12:17 pm