New York-headquartered Fox Corporation (FOXA), with a market cap of $18.5 billion, produces and distributes news, sports, and entertainment content. The company’s brands include FOX News, FOX Sports, the FOX Network, FOX Television Stations, FS1, FS2, Fox Deportes, and Big Ten Network.
Shares of this entertainment titan have lagged behind the broader market over the past 52 weeks. The stock has gained 17.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 26.1%. However, things are looking up for the stock in 2024, as FOXA is up 33.3%, surpassing SPX’s 16.5% rise on a YTD basis.
