If you think this will be an uneventful month, let me introduce you to my calendar. I see plenty of revealing days this May, particularly in the leisure-stocks sector I follow religiously. Earnings season may be winding down, but the fun is just getting started.
Here are a few of the days that I plan to approach with eyes wide open:
- The stock has nearly doubled since going public a month ago, so it's got little room to disappoint in its first quarter as a public company.
- Only four companies have gone public this year; demand for future IPOs may hinge on how this year's debutantes pan out.
- Expectations are high, with analysts expecting profits to nearly double to $0.60 a share. If that leads you to believe that Changyou is probably priced at a rich multiple, you're wrong. It's fetching just 14 times last year's profitability, and only 10 times next year's target.
As a member of the Motley Fool Rule Breakers analyst team, Changyou's report is also a "must watch" performance, since I recommended Changyou parent Sohu.com
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Star Trek opens at a multiplex near you, which could be huge for Viacom's
Up will also be challenged for its lack of female characters, and for banking on an elderly curmudgeon as its lead. Pixar spins moviemaking gold, but will the audiences show -- pardon the pun -- Up?
May will reveal all.
Some other reads to get you through the month:
Sohu.com is a Motley Fool Rule Breakers recommendation. Walt Disney, DreamWorks Animation SKG, and Marvel Entertainment are Motley Fool Stock Advisor selections. Walt Disney is a Motley Fool Inside Value pick. Try any of our Foolish newsletters today, free for 30 days.
Longtime Fool contributor Rick Munarriz also won't forget that his wife's birthday is in May. He does own shares in Disney and DreamWorks Animation. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.