Sinclair (NASDAQ:SBGI) Stock, Quote.Headers.trade-ideas

Sinclair

Sinclair Broadcast Group

Sinclair Inc. is the owner-operator of the second largest portfolio of television stations in the United States, with 185 full power stations in 86 markets. Of the firm's roughly 600 channels, 150 are affiliated with the four national broadcasters—Fox, ABC, CBS, and NBC—with over 80 other channels aligned with The CW (Nexstar) and MyNetworkTV (Fox). Sinclair owns the Tennis Channel and stakes in Marquee Sports Network and YES Network, providing their content to pay-TV distributors.

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Wall Street&#39;s Most Accurate Analysts Say Buy These 3 Tech And Telecom Stocks With Over 5% Dividend Yields

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Harris and Trump are in a close race, each spending millions on advertising in swing states. Social media ads are also a key part of the campaign strategy.

Harris, Trump&#39;s $122M August Ad Blitz Targets 5 Swing States: Which Companies Will Benefit?

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AMZN

Warner Bros. Discovery is matching a deal signed by Amazon for NBA rights, setting up some tough decisions for the league and a potential solution from Mark Cuban.

Could Warner Bros. Vs. Amazon Battle Be Brewing For NBA Rights? Mark Cuban Shares His Suggestion

Sinclair Inc

General

Sinclair shares are trading higher following a report indiating Amazon is close to a deal to broadcast the Bally Sports broadcasts of NBA, MLB and NHL games on Prime streaming.

<a href="https://nypost.com/2024/09/05/business/amazon-nears-major-deal-to-broadcast-nba-mlb-and-nhl-games-sources/" title="https://nypost.com/2024/09/05/business/amazon-nears-major-deal-to-broadcast-nba-mlb-and-nhl-games-sources/">https://nypost.com/2024/09/05/business/amazon-nears-major-deal-to-broadcast-nba-mlb-and-nhl-games-sources/</a>

"Amazon Nears Major Deal To Broadcast NBa, MLB And NHL Games On Prime Streaming; In Late-Stage Talks For A Contract To Livestream On Amazon Prime This Coming Season All The Bally Sports Broadcasts Of 13 NBA Franchises, As Well As 5 MLB Teams And 9 NHL Teams" - NY Post

Sinclair Broadcast Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>) reported quarterly earnings of $0.27 per share which beat the analyst consensus estimate of $(0.13) by 307.69 percent. The company reported quarterly sales of $829.000 million which missed the analyst consensus estimate of $836.507 million by 0.90 percent. This is a 7.94 percent increase over sales of $768.000 million the same period last year.

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Sinclair Broadcast Group Q2 2024 GAAP EPS $0.27 Beats $(0.13) Estimate, Sales $829.000M Miss $836.507M Estimate

WIIM

Sinclair shares are trading higher. The company reported Q2 financial results.

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.
<h3 class="wp-block-heading">Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>)</h3>
<ul>
<li>Dividend Yield: 6.68%</li>
<li>TD Cowen analyst Dan Brennan maintained a Buy rating and raised the price target from $48 to $51 on July 27. This analyst has an accuracy rate of 71%.</li>
<li>Tigress Financial analyst Ivan Feinseth maintained a Buy rating and boosted the price target from $50 to $52 on May 17. This analyst has an accuracy rate of 71%.</li>
<li>Recent News: On July 22, Verizon announced private exchange offers for 10 series of notes for up to $2.5 billion of new notes.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1"> latest VZ news</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href=" https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="902" height="817" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06043957/image-21.png" alt="" class="wp-image-478292" style="width:480px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06043957/image-21.png 902w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06043957/image-21-300x272.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06043957/image-21-768x696.png 768w" sizes="(max-width: 902px) 100vw, 902px" /></a></figure>
<h3 class="wp-block-heading">AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)</h3>
<ul>
<li>Dividend Yield: 5.87%</li>
<li>Scotiabank analyst Jeff Fan maintained a Sector Outperform rating and increased the price target from $23 to $24 on July 25. This analyst has an accuracy rate of 75%.</li>
<li>Oppenheimer analyst Timothy Horan maintained an Outperform rating and raised the price target from $21 to $23 on July 25. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: On Aug. 5, NICE and AT&amp;T expanded collaboration to provide integrated solutions for emergency communications centers.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1">trend in AT&amp;T's stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href=" https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="921" height="831" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06044053/image-22.png" alt="" class="wp-image-478293" style="width:421px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06044053/image-22.png 921w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06044053/image-22-300x271.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06044053/image-22-768x693.png 768w" sizes="(max-width: 921px) 100vw, 921px" /></a></figure>
<h3 class="wp-block-heading">Sinclair, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>)</h3>
<ul>
<li>Dividend Yield: 7.96%</li>
<li>Guggenheim analyst Curry Bakermaintained a Buy rating and cut the price target from $30 to $20 on Nov. 3, 2023. This analyst has an accuracy rate of 65%.</li>
<li>Benchmark analyst Daniel Kurnos reiterated a Buy rating with a price target of $25 on Aug. 23, 2023. This analyst has an accuracy rate of 73%.</li>
<li>Recent News: On July 30, Sinclair named Dean Ditmer as Vice President/General Manager of KATU and KUNP in Portland, OR.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1">breakout in SBGI shares.</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href=" https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="893" height="808" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06044153/image-23.png" alt="" class="wp-image-478298" style="width:572px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06044153/image-23.png 893w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06044153/image-23-300x271.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06044153/image-23-768x695.png 768w" sizes="(max-width: 893px) 100vw, 893px" /></a></figure>
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Wall Street's Most Accurate Analysts Say Buy These 3 Tech And Telecom Stocks With Over 5% Dividend Yields

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Shares of stocks in the broader communication services sector are trading lower as stocks sell off amid concerns over the US economy.

As polling and betting markets peg the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential race</a> between Kamala Harris and Donald Trump as a dead heat, billions will <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/01/36853421/largest-pac-advertising-blitz-in-us-history-which-2024-presidential-candidate-companies-">likely be spent on advertising</a>.
<a href="https://www.bloomberg.com/news/articles/2024-07-30/trump-harris-ad-buys-focus-on-five-states-in-revamped-2024-race">According</a> to Bloomberg, Harris and Trump have collectively booked $122 million in advertising time through the end of August, with 98% of the spending focused on just five swing states:
<ul>
<li>Pennsylvania —&nbsp;19 electoral votes.</li>
<li>Michigan — 15 electoral votes.</li>
<li>Wisconsin — 10 electoral votes.</li>
<li>Georgia — 16 electoral votes.</li>
<li>Arizona — 11 electoral votes.</li>
</ul>
New <a href="https://www.benzinga.com/general/politics/24/07/39973800/trump-vs-harris-vice-president-gains-ground-lost-by-joe-biden-in-swing-states">swing state polling</a> shows Harris gaining major ground on Trump; the election is very much up in the air with just over three months to go.
Most of the $122 million in advertising will likely go to television commercials, the most popular networks include:
<ul>
<li>CBS, owned by Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>).</li>
<li>Fox and Fox News, owned by Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>).</li>
<li>ABC and ESPN, owned by Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>).</li>
<li>NBC and MSNBC, owned by Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>).</li>
<li>CNN and TBS, owned by Warner Bros Discovery Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>).</li>
</ul>
The following are the largest publicly traded local TV conglomerates:
<ul>
<li>Gray Television, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>)</li>
<li>Sinclair Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>)</li>
<li>Nexstar Media Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>)</li>
</ul>
The 2024 election is <a href="https://www.benzinga.com/markets/penny-stocks/23/09/34584125/political-ad-spending-in-2024-election-to-smash-records-projected-totals-stocks-to-watch">projected to eclipse $10 billion</a> in advertising, with $2.7 billion dedicated to the presidential race.
Social media advertising has also become more popular in recent years — according to a post on X, the Harris campaign spent $28.6 million on Facebook and Instagram, owned by Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), along with Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google and YouTube. Meanwhile, Trump spent $1.4 million.
Trump&#8217;s campaign has possibly instead turned digital advertising efforts to Elon Musk&#8216;s X. Musk endorsed Trump for president on July 13.
According to the FEC, the Biden (now Harris) campaign had over $95 million in cash on hand at the end of June. Trump had $128 million. Harris <a href="https://www.benzinga.com/news/24/07/40024472/kamala-harris-raises-200m-in-a-week-66-of-that-money-is-from-donors-reveals-campaign-manager-a-peopl">reportedly raised $200 million</a> shortly after entering the race in late July.
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Photo: Shutterstock

Harris, Trump's $122M August Ad Blitz Targets 5 Swing States: Which Companies Will Benefit?

Media company Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) isn't ready to give up its highly coveted national <a href="https://www.benzinga.com/m-a/24/07/39900318/warner-bros-discoverys-tnt-sports-counters-amazon-with-1-9b-nba-broadcast-rights-bid-report">NBA TV rights yet.</a>
The media company matched a deal signed by Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), setting up a potential battle.
What Happened: The National Basketball Association announced The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) and Amazon signed deals <a href="https://www.benzinga.com/general/entertainment/24/07/39733479/nba-fans-rejoice-new-76b-deal-from-espn-amazon-nbc-will-bring-games-seven-days-a-week">worth a combined </a>$76 billion over 11 years recently.
As part of an existing contract with the NBA, Warner Bros. Discovery was able to match any of the new deals that begin in the 2025-2026 season.
"We have reviewed the offers and matched one of them," Warner Bros. Discovery unit TNT said in a statement. "This will allow fans to keep enjoying our unparalleled coverage."
The match is reported to be one signed by Amazon and could put the NBA in a tough position. The league could end up trying to reject the match from Warner Bros. as it looks to diversify with streaming partners and after seeing the success of Amazon's "Thursday Night Football." This could lead to legal action from Warner Bros.
NBA team owner Mark Cuban has offered a potential solution to the problem.
"My suggestion would be that they get Diamond local rights, and overlay the games on TBS for local broadcast," Cuban <a href="https://x.com/mcuban/status/1815562039106154721">said </a>in a reply to a tweet on the ball being in the NBA's court now on the offer match.
Cuban, who <a href="https://www.benzinga.com/general/sports/23/12/36402593/mark-cubans-slam-dunk-deal-mavericks-majority-stake-sale-clears-the-net-whats-the-next-play">maintains a minority stake</a> in the NBA's Dallas Mavericks after selling a majority stake to Miriam Adelson, said Warner could lease rights from Diamond on its NBA local rights and grab other regional rights as they expire and overlay the games on TBS for local broadcast.
"This way TBS has most of the USA covered with local games. Fans who have basic cable would get all their local games on a fully distributed network or on a local Bleacher Report stream."
Cuban's suggestion was met with skepticism from LightShed Partners analyst Rich Greenfield.
"Didn't WBD dissolve their three RSNs last year because they did not want to be in the local sports business," Greenfield asked.
Cuban told Greenfield that his idea isn't about RSNs, but rather "programming TBS with local sports."
"They may be able to get an additional carriage fee that would be far less than an RSN carriage ask as well," Cuban added.
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Why It's Important: Cuban's suggestion could be a consideration by Warner Bros. and comes as Diamond Sports Group, which is partially owned by Sinclair Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>).
Diamond previously had deals with 15 NBA teams, 11 MLB teams and 11 NHL teams. Among NBA teams, Diamond has rights to the Atlanta Hawks, Charlotte Hornets, Cleveland Cavaliers, Dallas Mavericks, Detroit Pistons, Indiana Pacers, Los Angeles Clippers, Memphis Grizzlies, Miami Heat, Milwaukee Bucks, Minnesota Timberwolves, New Orleans Pelicans, Oklahoma City Thunder, Orlando Magic and San Antonio Spurs.
Coincidentally, Amazon <a href="https://www.benzinga.com/general/entertainment/24/01/36662662/amazon-scores-big-with-regional-sports-network-deal-prime-video-to-feature-mlb-nba-nhl-game">recently invested in </a>Diamond Sports Group and is set to be the primary partner for consumers to purchase streaming plans from. Amazon said it would announce details and pricing in the future.
Diamond Sports Group would likely relish the thought of being able to lease out its regional sports rights to Warner Bros.
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During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>. 
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.
<h3 class="wp-block-heading">Sinclair, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>)</h3>
<ul>
<li>Dividend Yield: 7.51%</li>
<li>Wells Fargo analyst Steven Cahall maintained an Underweight rating and raised the price target from $12 to $13 on March 1. This analyst has an accuracy rate of 64%.</li>
<li>Rosenblatt analyst Barton Crockett maintained a Neutral rating and increased the price target from $10.4 to $15.7 on Jan. 18. This analyst has an accuracy rate of 65%.</li>
<li>Recent News: On June 24, Jerald &#8220;Jerry&#8221; Fritz, Executive Vice President for Strategic and Legal Affairs at ONE Media Technologies, LLC, a subsidiary of Sinclair, Inc., announced his retirement.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070924&amp;t=be2bearmibe3na1">Benzinga Pro's real-time newsfeed</a> alerted to latest Sinclair's news</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="674" height="719" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050536/Screenshot-2024-07-09-at-2.35.30-PM.png" alt="" class="wp-image-425769" style="width:448px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050536/Screenshot-2024-07-09-at-2.35.30-PM.png 674w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050536/Screenshot-2024-07-09-at-2.35.30-PM-281x300.png 281w" sizes="(max-width: 674px) 100vw, 674px" /></a></figure>
<h3 class="wp-block-heading">Gray Television, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>)</h3>
<ul>
<li>Dividend Yield: 6.96%</li>
<li>Benchmark analyst Daniel Kurnos maintained a Buy rating and raised the price target from $11 to $13 on May 8. This analyst has an accuracy rate of 72%.</li>
<li>Wells Fargo analyst Steven Cahall maintained an Underweight rating and increased the price target from $5.5 to $6 on May 8. This analyst has an accuracy rate of 64%.</li>
<li>Recent News: Gray Television said it will release its earnings results for the quarter ended, June 30, 2024 on Thursday, Aug. 8, 2024.</li>
<li>Benzinga Pro's charting tool helped <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070924&amp;t=be2bearmibe3na1">identify the trend in GTN's stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="683" height="755" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050616/Screenshot-2024-07-09-at-2.36.10-PM.png" alt="" class="wp-image-425770" style="width:403px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050616/Screenshot-2024-07-09-at-2.36.10-PM.png 683w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050616/Screenshot-2024-07-09-at-2.36.10-PM-271x300.png 271w" sizes="(max-width: 683px) 100vw, 683px" /></a></figure>
<h3 class="wp-block-heading">Cogent Communications Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>)</h3>
<ul>
<li>Dividend Yield: 6.83%</li>
<li>Keybanc analyst Josh Beck maintained an Overweight rating and cut the price target from $88 to $80 on May 10. This analyst has an accuracy rate of 76%.</li>
<li>B of A Securities analyst David Barden downgraded the stock from Buy to Neutral and slashed the price target from $85 to $75 on March 7. This analyst has an accuracy rate of 67%.</li>
<li>Recent News: On May 9, Cogent Communications raised its quarterly dividend from 96.5 cents to 97.5 cents per share.</li>
<li>Benzinga Pro's signals feature notified of a potential <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070924&amp;t=be2bearmibe3na1">breakout in CCOI&#8217;s shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="664" height="700" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050807/Screenshot-2024-07-09-at-2.38.01-PM.png" alt="" class="wp-image-425776" style="width:439px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050807/Screenshot-2024-07-09-at-2.38.01-PM.png 664w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050807/Screenshot-2024-07-09-at-2.38.01-PM-285x300.png 285w" sizes="(max-width: 664px) 100vw, 664px" /></a></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39684026/insiders-buying-american-software-and-2-other-stocks">Insiders Buying American Software And 2 Other Stocks</a></li>
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<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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</figure>

Pre-Market Outlook

CCOI

Wall Street's Most Accurate Analysts Weigh In On 3 Tech And Telecom Stocks With Over 6% Dividend Yields

Contracts

FUBO

Diamond Sports Group Announces Multi-Year Carriage Agreement With Fubo; Financial Terms Of Agreement Were Not Disclosed

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.
<h3 class="wp-block-heading">Sinclair, Inc. &nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>)</h3>
<ul>
<li>Dividend Yield: 6.87%</li>
<li>Rosenblatt analyst Barton Crockett maintained a Neutral rating and raised the price target from $10.4 to $15.7 on Jan 18. This analyst has an accuracy rate of 68%.</li>
<li>Guggenheim analyst Curry Baker maintained a Buy rating and cut the price target from $30 to $20 on Nov. 3, 2023. This analyst has an accuracy rate of 67%.</li>
<li>Recent News: On May 8, Sinclair reported financial results for the three months ended March 31, 2024.</li>
</ul>
<h3 class="wp-block-heading">Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>)</h3>
<ul>
<li>Dividend Yield: 6.64%</li>
<li>Tigress Financial analyst Ivan Feinsethmaintained a Buy rating and raised the price target from $50 to $52 on May 17. This analyst has an accuracy rate of 71%.</li>
<li>Oppenheimer analyst Timothy Horanmaintained an Outperform rating with a price target of $48 on April 23. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On April 22, Verizon Communications reported fiscal first-quarter 2024 results. Its sales increased 0.2% year over year to $32.98 billion, marginally missing the consensus of $33.24 billion.</li>
</ul>
<h3 class="wp-block-heading">Telephone and Data Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDS#NYSE">TDS</a>)</h3>
<ul>
<li>Dividend Yield: 3.65%</li>
<li>Morgan Stanley analyst Simon Flannery maintained an Equal-Weight rating and increased the price target from $15 to $18 on Sept. 11, 2023. This analyst has an accuracy rate of 65%.</li>
<li>Citigroup analyst Michael Rollinsupgraded the stock from Neutral to Buy with a price target of $16 on Aug. 4, 2023. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: On May 3, Telephone and Data posted upbeat quarterly sales.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/24/05/38911760/zoom-video-wix-com-and-3-stocks-to-watch-heading-into-monday">Zoom Video, Wix.com And 3 Stocks To Watch Heading Into Monday</a>

Wall Street's Most Accurate Analysts' Views On 3 Tech And Telecom Stocks Delivering High-Dividend Yields

Shares of Duolingo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOL#NASDAQ">DUOL</a>) fell sharply during Thursday's session after the company reported <a href="https://www.benzinga.com/news/earnings/24/05/38715394/duolingo-reports-strong-q1-results-raises-guidance">first quarter financial results.</a>
Duolingo reported quarterly earnings of 57 cents per share which beat the analyst consensus estimate of 27 cents by 111.11%. Quarterly sales came in at $167.6 million which beat the analyst consensus estimate of $165.677 million and is a 44.91% increase from the same period last year, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Duolingo sees second-quarter revenues of between $175 million and $177.5 million, versus the $176.9 million estimate and full-year 2024 revenues of between $726.5 million and $735.5 million, versus the $728.23 million estimate.
Duolingo shares dipped 18.2% to $200.04 on Thursday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Pop Culture Group Co., Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPOP#NASDAQ">CPOP</a>) shares jumped 119% to $3.71 after the company reported a year-over-year increase in H2 2023 revenue results.</li>
<li>Sezzle Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEZL#NASDAQ">SEZL</a>) jumped 69.9% to $75.99 after the company reported a year-over-year increase in first-quarter financial results.</li>
<li>Safe and Green Development Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGD#NASDAQ">SGD</a>) rose 43% to $0.8891. Safe And Green Development announced a partnership to provide mortgage services via the Xene platform.</li>
<li>Embecta Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMBC#NASDAQ">EMBC</a>) shares gained 40.1% to $14.39 after the company reported upbeat second-quarter results and raised FY24 guidance.</li>
<li>Consensus Cloud Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCSI#NASDAQ">CCSI</a>) surged 30.6% to $17.28 following better-than-expected first-quarter results.</li>
<li>Vital Farms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VITL#NASDAQ">VITL</a>) gained 29.8% to $38.83 after the company reported better-than-expected first-quarter sales results and issued FY24 revenue guidance above estimates.</li>
<li>SiTime Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SITM#NASDAQ">SITM</a>) climbed 25.6% to $121.82 following upbeat quarterly results.</li>
<li>Blue Bird Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLBD#NASDAQ">BLBD</a>) rose 25.5% to $47.18 after the company reported better-than-expected second-quarter financial results.</li>
<li>Barnes &amp; Noble Education, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) jumped 25% to $0.3799.</li>
<li>PlayAGS, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGS#NYSE">AGS</a>) gained 24.5% to $11.16 as the company agreed to be acquired by Brightstar Capital Partners for approximately $1.1 billion.</li>
<li>Greenwave Technology Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) gained 24% to $0.0721. The company said it sees revenues exceeding $40 million during the year ended Dec. 31, 2024.</li>
<li>AerSale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASLE#NASDAQ">ASLE</a>) gained 20.3% to $9.08 following upbeat quarterly earnings.</li>
<li>Zai Lab Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZLAB#NASDAQ">ZLAB</a>) climbed 19.7% to $19.83 after the company reported better-than-expected first-quarter financial results.</li>
<li>Warby Parker Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRBY#NYSE">WRBY</a>) rose 19.5% to $14.87 after the company reported a year-over-year increase in first-quarter GAAP EPS results and better-than-expected sales results. Also, the company raised its FY24 net revenue guidance.</li>
<li>Sinclair, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>) gained 17.8% to $15.65 following quarterly results.</li>
<li>Inspire Veterinary Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVP#NASDAQ">IVP</a>) shares rose 17.4% to $4.26. Inspire Veterinary Partners recently announced a 1-for-100 reverse stock split.</li>
<li>BigCommerce Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIGC#NASDAQ">BIGC</a>) gained 15.7% to $7.74 after the company reported better-than-expected first-quarter financial results and raised its FY24 revenue guidance.</li>
<li>ZimVie Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZIMV#NASDAQ">ZIMV</a>) gained 15.7% to $17.79 following first-quarter earnings. The company also issued strong FY24 EPS guidance.</li>
<li>Pagaya Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGY#NASDAQ">PGY</a>) rose 15.2% to $12.10 following strong quarterly resulys.</li>
<li>Magnite, Inc.(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGNI#NASDAQ">MGNI</a>) shares gained 14.6% to $10.20 after the company reported first-quarter financial results.</li>
<li>Compass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COMP#NYSE">COMP</a>) shares rose 14.5% to $3.7550 after posting first-quarter results.</li>
<li>Klaviyo, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVYO#NYSE">KVYO</a>) shares jumped 13.1% to $24.35 after the company reported better-than-expected first-quarter financial results.</li>
<li>Equinix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQIX#NASDAQ">EQIX</a>) rose 12.7% to $780.98 following first-quarter earnings.</li>
<li>Playtika Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTK#NASDAQ">PLTK</a>) gained 12.5% to $8.72 following strong quarterly sales.</li>
<li>Spectrum Brands Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPB#NYSE">SPB</a>) jumped 12.4% to $95.00 following upbeat earnings.</li>
<li>Camtek Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAMT#NASDAQ">CAMT</a>) rose 12.2% to $94.73 after the company reported a first-quarter beat and issued second-quarter guidance above estimates.</li>
<li>YETI Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YETI#NYSE">YETI</a>) gained 11.6% to $38.85 following better-than-expected first-quarter financial results.</li>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) rose 10.4% to $81.69 after the company reported better-than-expected first-quarter financial results.</li>
<li>PENN Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) gained 5.8% to $16.57 after ESPN Bet on Wednesday was named the official sports betting sponsor of the PGA Championship through 2026.</li>
<li>Xiao-I Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIXI#NASDAQ">AIXI</a>) shares gained 5.6% to $1.33 after the company reported a strategic partnership with a leading Hong Kong Insurance Company to enhance AI-driven customer service.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Tivic Health Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIVC#NASDAQ">TIVC</a>) shares fell 60.3% to $0.5318 after the company reported pricing of $4 million public offering.</li>
<li>EMCORE Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMKR#NASDAQ">EMKR</a>) fell 59% to $1.19 after the company reported mixed second-quarter financial results and issued third-quarter revenue guidance below estimates.</li>
<li>CytomX Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTMX#NASDAQ">CTMX</a>) shares fell 46.4% to $2.2450 after the company reported first-quarter financial results and announced initial data from the ongoing CX-904 Phase 1a dose escalation clinical study, demonstrating a favorable safety profile and confirmed anti-cancer activity.</li>
<li>Cardlytics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDLX#NASDAQ">CDLX</a>) declined 40.5% to $8.69 after the company reported mixed first-quarter financial results and issued second-quarter revenue guidance with its midpoint below estimates. Also, Needham maintained a Buy rating on the stock and lowered its price target from $17 to $12.</li>
<li>Syra Health Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYRA#NASDAQ">SYRA</a>) fell 30.8% to $1.48 following a wider-than-expected quarterly loss.</li>
<li>SkyWater Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYT#NASDAQ">SKYT</a>) declined 29.6% to $6.95 following downbeat quarterly results.</li>
<li>iHeartMedia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IHRT#NASDAQ">IHRT</a>) dipped 28.8% to $1.53 following weak quarterly sales.</li>
<li>Delta Apparel, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLA#NYSE">DLA</a>) fell 28.8% to $2.00 following weaker-than-expected second-quarter results.</li>
<li>Cerence Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRNC#NASDAQ">CRNC</a>) dipped 28.1% to $6.88 after the company reported second-quarter financial results and issued FY24 revenue guidance below estimates.</li>
<li>RAPT Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAPT#NASDAQ">RAPT</a>) fell 27.5% to $5.79 following first-quarter results.</li>
<li>Stevanato Group S.p.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STVN#NYSE">STVN</a>) fell 25% to $20.08 following weak earnings.</li>
<li>EPAM Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NASDAQ">EPAM</a>) dipped 24.3% to $188.56 after the company lowered its FY24 revenue guidance.</li>
<li>Advantage Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADV#NASDAQ">ADV</a>) fell 22.3% to $3.31 following first-quarter results.</li>
<li>Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) tumbled 21% to $30.84 after the company issued weak guidance.</li>
<li>LifeMD, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFMD#NASDAQ">LFMD</a>) shares fell 20.4% to $9.80 following first-quarter earnings.</li>
<li>B&amp;G Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGS#NYSE">BGS</a>) declined 19.1% to $9.35 after the company reported worse-than-expected first-quarter financial results.</li>
<li>Alta Equipment Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTG#NYSE">ALTG</a>) dipped 18.5% to $9.45 following a wider-than-expected quarterly loss.</li>
<li>Ironwood Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRWD#NASDAQ">IRWD</a>) dipped 17.2% to $6.72 after the company posted downbeat quarterly results and lowered FY24 forecast.</li>
<li>Forward Air Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) shares declined 17.4% to $17.77 following weak earnings.</li>
<li>TELUS International (Cda) Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIXT#NYSE">TIXT</a>) fell 15.7% to $6.55 following downbeat sales.</li>
<li>Allegro MicroSystems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGM#NASDAQ">ALGM</a>) dipped 14.3% to $25.18 following fourth-quarter results.</li>
<li>Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) shares fell 13.5% to $7.10 after the company reported a wider-than-expected loss for its first quarter. The company sees second-quarter revenue to be between $85 million and $90 million and full-year 2024 revenue to be between $315 million and $345 million.</li>
<li>Paycor HCM, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYCR#NASDAQ">PYCR</a>) dipped 12.1% to $15.39. Paycor HCM posted better-than-expected third-quarter earnings on Wednesday. The company said it sees FY24 revenue of $650 million to $652 million, versus estimates of 653.898 million.</li>
<li>Globant S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) fell 9% to $173.89.</li>
<li>Exact Sciences Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>) shares declined 8.4% to $54.51 after the company reported mixed first-quarter financial results.</li>
<li>Amdocs Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOX#NASDAQ">DOX</a>) dipped 7.7% to $79.34 following second-quarter earnings.</li>
<li>SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) fell 7.2% to $53.41 after the company reported mixed first-quarter financial results.</li>
<li>Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) shares declined 6.6% to $147.54 following first-quarter results.</li>
<li>argenx SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARGX#NASDAQ">ARGX</a>) shares declined 6.2% to $362.09 after the company reported first quarter financial results and issued a business update.</li>
<li>Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) shares fell 3.6% to $102.36 after the company reported fourth-quarter financial results and issued guidance.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/05/38730657/jim-cramer-says-buy-this-tech-stock-right-here-likes-cognex">Jim Cramer Says Buy This Tech Stock Right Here, Likes Cognex</a>

Intraday Update

Movers

ABNB

AIXI

ALGM

ALTG

ARGX

ASLE

BIGC

BLBD

BNED

BYND

CAMT

CCSI

CDLX

COMP

CPOP

CRNC

CTMX

DUOL

EMBC

EMKR

EPAM

EQIX

EXAS

FWRD

GLOB

GWAV

IHRT

IRWD

KVYO

LFMD

MGNI

PENN

PLTK

PYCR

RAPT

SEDG

SEZL

SITM

SKYT

STVN

SYRA

TIVC

TIXT

VITL

WRBY

YETI

ZIMV

ZLAB

Why Duolingo Shares Are Trading Lower By Around 18%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

<a href="https://www.cnbc.com/2024/05/09/sinclair-explores-selling-30percent-of-broadcast-stations.html">https://www.cnbc.com/2024/05/09/sinclair-explores-selling-30percent-of-broadcast-stations.html</a>
&nbsp;
<ul>
<li>Sinclair is looking to sell more than 30% of its 185 owned or operated broadcast stations, according to people familiar with the matter.</li>
<li>The media company has hired Moelis as an investment bank to assess possible asset sales, including the stations and the Tennis Channel, the people said.</li>
<li>Sinclair recently settled litigation with subsidiary Diamond Sports Group, which owns the largest portfolio of regional sports networks and is under bankruptcy protection.</li>
<li>Last year, Sinclair rebranded and restructured, separating the company into two operating units, the broadcast business and Sinclair Ventures, which includes non-media holdings.</li>
</ul>
<a href="https://www.cnbc.com/quotes/SBGI/">Sinclair</a>, one of the largest owners of broadcast stations in the U.S., is looking to sell more than 30% of its footprint, according to people familiar with the matter.
The company has hired <a href="https://www.cnbc.com/quotes/MC/">Moelis</a> as its investment banker and has identified more than 60 stations in various regions of the U.S. that it would be willing to sell, said the people, who asked not to be named because the discussions are private. Sinclair owns or operates 185 TV stations in 86 markets.
&nbsp;
The stations are a mix of affiliates including Fox, NBC, ABC, CBS and the CW. If sold together, their average revenue for 2023 and 2024 is estimated to be $1.56 billion, the people said. Sinclair is willing to sell all or some of the stations, which are in top markets like Minneapolis; Portland, Ore.; Pittsburgh; Austin, Texas and Fresno, Calif., among others.
Sinclair Chief Executive Officer Chris Ripley said Wednesday that the company is open to offloading parts of its business, without providing specifics.
"As we've always stated, we have no sacred cows," Ripley said during his company's earnings conference call. "We want to unlock the sum of the parts valuation that we think we're grossly undervalued for. And to the extent that asset sales makes sense in order to unlock that value and help us de-lever, then that's something that we'd be open to as well."
The company began officially shopping them in February, one of the people said.
Spokespeople for Sinclair and Moelis declined to comment.
&nbsp;
Sinclair is also exploring options for its Tennis Channel, a cable TV network that features the sport and <a href="https://www.cnbc.com/2023/09/26/professional-pickleball-tennis-channel-broadcast-partnership.html">pickleball matches</a>, the people said. <a href="https://www.bloomberg.com/news/articles/2024-02-08/sinclair-is-exploring-options-for-the-tennis-channel-network">Bloomberg</a> earlier reported that development.
Broadcast TV station groups have suffered in the past five years as millions of Americans have canceled traditional pay TV. Most stations make money from so-called retransmission fees, paid on a per-subscriber rate by traditional TV distributors, such as Comcast, DirecTV, and Charter, for the right to carry the stations.
Sinclair has lost more than 70% of its market value in the last five years. The company's market capitalization is about $975 million with an enterprise value of about $4.7 billion.
<h2>Sinclair changes</h2>
Last year, Sinclair rebranded and reorganized, splitting the company into two operating units — Local Media, which focuses on the stations, and Ventures, which houses Tennis Channel but also has the ability to act as an investment vehicle.
The split in the company divisions, and recent sale process for some of its stations, stems from tension within the Smith family, the shareholders and board directors who helped build Sinclair, some of the people said.
The stations are up for sale in the months before the 2024 election, which usually draws high political advertising revenue for broadcast TV companies. Sinclair said during its earnings on Wednesday it has pre-booked $77 million in political advertising for the second half of the year through Election Day, compared to $21 million at the same point in 2020, the last time former President Donald Trump and President Joe Biden were on the ticket.
The company's overall revenue and advertising revenue both rose slightly during the first quarter. Sinclair's stock was up 12% on Thursday.
Sinclair's broadcast stations have been known for having a conservative editorial voice, and the company faced backlash in 2018 after <a href="https://www.cnbc.com/2018/04/03/the-real-danger-in-sinclair-broadcasts-fake-news-scandal.html">requiring</a> some of its stations to read promos criticizing the media about "fake stories."
<h2>Diamond woes</h2>
The process also comes after Sinclair faced headaches in the regional sports networks business.
Sinclair acquired the largest portfolio of regional sports networks from Disney in 2019 for $10.6 billion, including $8.8 billion in debt. Between ramped up cord cutting and the hefty debt load, Diamond Sports, the independently run and unconsolidated subsidiary of Sinclair, sought <a href="https://www.cnbc.com/2023/03/14/diamond-sports-files-for-bankruptcy.html">bankruptcy</a> protection last year.
Diamond later <a href="https://www.cnbc.com/2023/08/17/diamond-sports-mediators-reorganization.html">sued</a> parent Sinclair, and the litigation was <a href="https://www.cnbc.com/2024/01/17/diamond-sports-emerge-from-bankruptcy-signs-streaming-pact-amazon.html">settled</a> in January. Sinclair made a $495 million payment to settle lawsuits related to Diamond.

Asset Sales

"Sinclair Explores Selling Roughly 30% Of Its Broadcast Stations, Sources Say" - CNBC

U.S. stocks were mixed, with the Dow Jones gaining around 100 points on Thursday.
Shares of Spectrum Brands Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPB#NYSE">SPB</a>) rose sharply during Thursday's session <a href="https://www.benzinga.com/quote/SPB/earnings">following upbeat earnings</a>.
Spectrum Brands posted adjusted earnings of $1.62 per share, beating expectations of 62 cents per share. The company's quarterly sales came in at $718.50 million versus estimates of $707.52 million, according to data from<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro</a>.
Spectrum Brands shares surged 12.4% to $95.00 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Sezzle Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEZL#NASDAQ">SEZL</a>) shares climbed 69.9% to $75.99 after the company reported a year-over-year increase in first-quarter financial results.</li>
<li>Embecta Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMBC#NASDAQ">EMBC</a>) shares rose 40.1% to $14.39 after the company reported upbeat second-quarter results and raised FY24 guidance.</li>
<li>Consensus Cloud Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCSI#NASDAQ">CCSI</a>) gained 30.6% to $17.28 following better-than-expected first-quarter results.</li>
<li>Vital Farms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VITL#NASDAQ">VITL</a>) shares rose 29.8% to $38.83 after the company reported better-than-expected first-quarter sales results and issued FY24 revenue guidance above estimates.</li>
<li>SiTime Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SITM#NASDAQ">SITM</a>) gained 25.6% to $121.82 following upbeat quarterly results.</li>
<li>Blue Bird Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLBD#NASDAQ">BLBD</a>) jumped 25.5% to $47.18 after the company reported better-than-expected second-quarter financial results.</li>
<li>PlayAGS, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGS#NYSE">AGS</a>) surged 24.5% to $11.16 as the company agreed to be acquired by Brightstar Capital Partners for approximately $1.1 billion.</li>
<li>AerSale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASLE#NASDAQ">ASLE</a>) rose 20.3% to $9.08 following upbeat quarterly earnings.</li>
<li>Zai Lab Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZLAB#NASDAQ">ZLAB</a>) gained 19.7% to $19.83 after the company reported better-than-expected first-quarter financial results.</li>
<li>Warby Parker Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRBY#NYSE">WRBY</a>) gained 19.5% to $14.87 after the company reported a year-over-year increase in first-quarter GAAP EPS results and better-than-expected sales results. Also, the company raised its FY24 net revenue guidance.</li>
<li>Sinclair, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>) surged 17.8% to $15.65 following quarterly results.</li>
<li>BigCommerce Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIGC#NASDAQ">BIGC</a>) rose 15.7% to $7.74 after the company reported better-than-expected first-quarter financial results and raised its FY24 revenue guidance.</li>
<li>ZimVie Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZIMV#NASDAQ">ZIMV</a>) rose 15.7% to $17.79 following first-quarter earnings. The company also issued strong FY24 EPS guidance.</li>
<li>Pagaya Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGY#NASDAQ">PGY</a>) jumped 15.2% to $12.10 following strong quarterly resulys.</li>
<li>Magnite, Inc.(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGNI#NASDAQ">MGNI</a>) shares surged 14.6% to $10.20 after the company reported first-quarter financial results.</li>
<li>Compass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COMP#NYSE">COMP</a>) shares gained 14.5% to $3.7550 after posting first-quarter results.</li>
<li>Klaviyo, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVYO#NYSE">KVYO</a>) shares gained 13.1% to $24.35 after the company reported better-than-expected first-quarter financial results.</li>
<li>Equinix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQIX#NASDAQ">EQIX</a>) gained 12.7% to $780.98 following first-quarter earnings.</li>
<li>Playtika Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTK#NASDAQ">PLTK</a>) rose 12.5% to $8.72 following strong quarterly sales.</li>
<li>Camtek Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAMT#NASDAQ">CAMT</a>) jumped 12.2% to $94.73 after the company reported a first-quarter beat and issued second-quarter guidance above estimates.</li>
<li>YETI Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YETI#NYSE">YETI</a>) surged 11.6% to $38.85 following better-than-expected first-quarter financial results.</li>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) gained 10.4% to $81.69 after the company reported better-than-expected first-quarter financial results.</li>
<li>Primo Water Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRMW#NASDAQ">PRMW</a>) rose 9.4% to $22.00 following upbeat quarterly results.</li>
<li>Pan American Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>) gained 9.1% to $20.32 following strong quarterly results.</li>
<li>Hecla Mining Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</a>) surged 8.5% to $5.33 following upbeat sales.</li>
<li>HUTCHMED (China) Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCM#NASDAQ">HCM</a>) gained 8.1% to $21.06.</li>
<li>Jackson Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JXN#NYSE">JXN</a>) gained 7.3% to $78.76 following a first-quarter earnings beat.</li>
<li>ICU Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICUI#NASDAQ">ICUI</a>) gained 6.5% to $107.17 following upbeat earnings.</li>
<li>Teekay Tankers Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNK#NYSE">TNK</a>) rose 6.1% to $67.42 following better-than-expected earnings.</li>
<li>PENN Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) rose 5.8% to $16.57 after ESPN Bet on Wednesday was named the official sports betting sponsor of the PGA Championship through 2026.</li>
<li>US Foods Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USFD#NYSE">USFD</a>) gained 4.6% to $54.77 following upbeat earnings.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/05/38730657/jim-cramer-says-buy-this-tech-stock-right-here-likes-cognex">Jim Cramer Says Buy This Tech Stock Right Here, Likes Cognex</a>

ICUI

PAAS

PRMW

USFD

Spectrum Brands Posts Upbeat Results, Joins AerSale, Sinclair, ICU Medical And Other Big Stocks Moving Higher On Thursday

Fox (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/foxa#NASDAQ">FOXA</a>) is set to report third-quarter fiscal 2024 results on May 8. 
For the quarter, the Zacks Consensus Estimate for earnings is pegged at $1.16 per share, up 0.9% in the past 30 days. The figure indicates 23.4% growth from the year-ago reported figure. 
The consensus mark for revenues is pegged at $3.44 billion, implying a 15.78% decline from the year-ago quarter&#39;s reported figure. 
The company&#39;s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 71.08%. 
Let&#39;s see how things have shaped up for this announcement.
<div class="chart_embed">
<h3>Fox Corporation Price and EPS Surprise</h3>
<a href="https://www.zacks.com/stock/chart/FOXA/price-eps-surprise?icid=chart-FOXA-price-eps-surprise"><img alt="Fox Corporation Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/f3/1714997341.png" style="height:305px; width:620px" title="" /> </a>
Fox Corporation price-eps-surprise | Fox Corporation Quote
</div>
<h3>Factors to Consider</h3>
Fox&#39;s third-quarter fiscal 2024 performance is expected to have been negatively impacted by continued weakness in the Cable Network Programming segment. The Zacks Consensus Estimate for the segment&#39;s revenues is pegged at $1.474 billion, indicating a year-over-year decline of 6.1%. 
Advertisers are contending with higher costs amid rising inflation, which has led to cutbacks in spending on advertising. This is expected to have reflected in the company&#39;s ad revenue growth. 
The Zacks Consensus Estimate for advertising revenues is pegged at $1.257 billion, indicating a year-over-year decline of 33%. 
In the last reported quarter, advertising revenues (47.3% of the total) declined 20% year over year to $2 billion, primarily due to lower political advertising revenues at the FOX Television Stations because of the absence of the 2022 mid-term elections and the impact of elevated supply in the direct response marketplace at FOX News Media. The trend is expected to have continued in the to-be-reported quarter. 
Strength in the Television segment, driven by increasing affiliate fee revenues, is likely to have aided the company&#39;s top-line growth. 
In the last reported quarter, affiliate fees (42.2% of the total) rose 4.4% to $1.78 billion, driven by 10% growth in the Television segment. In the to-be-reported quarter, the Zacks Consensus Estimate for affiliate fee revenues is pegged at $1.931 billion, indicating year-over-year growth of 4%. 
Fox News Digital and FOXBusiness.com had a successful first-quarter fiscal 2024, outperforming some of the key competitors in terms of multiplatform views, minutes and engagement on social media. 
FOX News Channel finished the fiscal first quarter as cable&#39;s most-watched network in total day and primetime, dominating primetime viewers in cable news for 89 consecutive quarters. In comparison, Warner Bros. Discovery-owned&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wbd#NASDAQ">WBD</a>) CNN saw quarter-over-quarter declines in total day and primetime averaged just 85,000 in total day 25-54 demo, which is an all-time low in the network&#39;s recorded history. 
FOX Business Network ended the first quarter of fiscal 2024 notching the top two business programs for two straight years, according to Nielsen Media Research. Kudlow, hosted by Larry Kudlow, was once again the top business program with total viewers for the ninth consecutive quarter, while the network also delivered 10 of the top 20 business programs in total viewers. 
Moreover, this Zacks Rank #3 (Hold) company&#39;s focus on expanding its digital business segments through partnerships is likely to have boosted FOXA&#39;s prospects in the to-be-reported quarter. 
Sinclair Broadcasting Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbgi#NASDAQ">SBGI</a>) and FOX Corporation announced that their broadcast divisions have reached an agreement for a multi-year renewal of all FOX affiliations in Sinclair markets. Sinclair&#39;s partners also renewed FOX affiliations in markets where SBGI provides sales and other services under a joint sales agreement or master service agreement. The 41 renewed markets serve approximately 19 million TV households. 
Fox Nation also announced that it has expanded its distribution to EchoStar&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sats#NASDAQ">SATS</a>), DISH Network and SLING TV. Starting in mid-March, DISH Network&#39;s customers have been subscribing to FOX Nation for $5.99 per month. SLING TV users are also able to access FOX Nation for $5.99 per month. This includes both regular SLING TV and Sling Freestream users.
<a href="https://www.zacks.com/stock/news/2268627/fox-foxa-to-report-q3-earnings-what-s-in-the-offing?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2268627">To read this article on Zacks.com click here.</a>

Small Cap

Fox to Report Q3 Earnings: What's in the Offing?

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.
<h3 class="wp-block-heading">Sinclair, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>)</h3>
<ul>
<li>Dividend Yield: 7.52%</li>
<li>Wells Fargo analyst Steven Cahall maintained an Underweight rating and increased the price target from $12 to $13 on March 1. This analyst has an accuracy rate of 61%.</li>
<li>Rosenblatt analyst Barton Crockett maintained a Neutral rating and raised the price target from $10.4 to $15.7 on Jan. 18. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: Sinclair is expected to report first quarter 2024 results on May 8.</li>
</ul>
<h3 class="wp-block-heading">Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>)</h3>
<ul>
<li>Dividend Yield: 6.83%</li>
<li>Wells Fargo analyst Eric Luebchowmaintained an Equal-Weight rating and cut the price target from $44 to $40 on April 23. This analyst has an accuracy rate of 60%.</li>
<li>Oppenheimer analyst Timothy Horan maintained an Outperform rating with a price target of $48 on April 23. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On April 22, Verizon Communications reported fiscal first-quarter 2024 results. Its sales increased 0.2% year over year to $32.98 billion, marginally missing the consensus of $33.24 billion.</li>
</ul>
<h3 class="wp-block-heading">Telephone and Data Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDS#NYSE">TDS</a>)</h3>
<ul>
<li>Dividend Yield: 4.69%</li>
<li>Morgan Stanley analyst Simon Flannerymaintained an Equal-Weight rating and raised the price target from $15 to $18 on Sept. 11, 2023. This analyst has an accuracy rate of 65%.</li>
<li>Citigroup analyst Michael Rollins upgraded the stock from Neutral to Buy with a price target of $16 on Aug. 4, 2023. This analyst has an accuracy rate of 73%.</li>
<li>Recent News: Telephone and Data Systems is scheduled to report first quarter operating results on May 3.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/24/05/38606910/investor-sentiment-increases-ahead-of-jobs-report-dow-jumps-over-300-points">Investor Sentiment Increases Ahead Of Jobs Report, Dow Jumps Over 300 Points</a>

Wall Street's Most Accurate Analysts' Views On 3 Tech & Telecom Stocks Delivering High-Dividend Yields

Edgio Collaborates for Data Offloading Capabilities
Sinclair, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>) announced the launch of its "Broadspan" datacasting platform to enable data distribution capability across all current Sinclair NextGen Broadcast (ATSC 3.0) markets where it serves as the host station. Edgio, Inc., a leading content delivery network, will become the first commercial partner of the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fbroadspanwireless.com%2F&amp;esheet=53931956&amp;newsitemid=20240415309521&amp;lan=en-US&amp;anchor=Broadspan&amp;index=1&amp;md5=63e5cf7286364b7b40adb6f24f42bc54">Broadspan</a> datacasting platform.
This marks an exciting step forward for broadcasters and consumers and begins to fulfill the promise of digital convergence offered by ATSC 3.0. It opens the door to multiple new business opportunities for broadcasters and greatly enhanced efficiency for data distribution.
Using a broadcaster's ATSC 3.0 channel, the Broadspan platform will allow businesses to distribute files, updates, or video over the air to any device with a 3.0 receiver – cars, tablets, phones, or television sets. Data delivery relies on the newly designed broadcast core network. This infrastructure provides the means to link all available ATSC 3.0 spectrum intelligently from multiple stations to deliver the customer's data quickly, efficiently, and securely.
Broadspan's straightforward customer experience allows for easy and seamless data distribution planning with an intuitive and streamlined ordering and tracking process. Customers can immediately visualize the network availability across markets and submit a distribution request tailored to their needs. They will have a full picture of the path their data will take through the broadcast network. The provisioning system also gives customers real-time visibility into the status of their data distribution request, allowing them to confirm the scheduling, and if enabled, see the validation of the data delivery on the receiving systems.
Edgio is the initial commercial partner of the Broadspan system. It will use the Broadspan platform to deliver a true 4K experience to viewers, by supplementing streaming over the internet with over-the-air data. This takes advantage of the unique capability of ATSC 3.0 to converge broadcast and broadband seamlessly. Broadspan's ability to deliver the extra bits to the customer over the air is a game changer. It will be able to offload significant video and audio data from the internet, reducing congestion and enhancing user experience while allowing increased bitrates without any loss of service.
"Broadspan's customer-centric data delivery provisioning platform provides an elegant, cost-effective tool to move data easily. It leverages the remarkably reliable and efficient one-to-many broadcast architecture to provide a new option for data users," said Del Parks, Sinclair's President of Technology.
Eric Black CTO and GM of Media at Edgio said, "Sinclair's pioneering leadership in ATSC 3.0 enables this groundbreaking innovation. By leveraging ATSC 3.0's convergence of broadcast and broadband, we are delivering a true 4K experience. Broadspan isn't just a game changer; it's a paradigm shift in defining immersive entertainment."
U.S. broadcasters, including commercial and non-commercial station operators, have deployed NextGen Broadcast service to date across the U.S. in over 70 markets covering nearly 75% of the country's population. Linking those markets and stations to allocate data capacity efficiently among potential data customers is essential in establishing broadcasting as a competitive data distribution platform. Broadspan provides the means to easily use that network.
This new datacasting platform is a win-win for the entire ecosystem – customers can enhance their choices for efficient data distribution at a lower cost per bit and broadcasters can create additional revenues to support their investments in local news production.
Aside from Edgio's use of the Broadspan platform for a cost-efficient supplement to data off-loading, others can use the new platform to supplement and enhance their IP data distribution tools. These would include automotive connectivity services (software updates, infotainment, precision navigation, and safety enhancements), software updates for "edge-heavy" industries like building/industrial automation, and critical infrastructure support. Data can be accurately and seamlessly distributed across local, regional, or the national market and delivered using low-band spectrum, propagating further and penetrating buildings better than other wireless bands.
Using ATSC 3.0 to deliver data across the country from 210 DMAs has significant financial and technical advantages compared to utilizing hundreds of thousands of wireless sites. As an example, to update the software, navigation systems and safety software of the 280 million cars in the U.S. using the current telecom network, each vehicle requires an individual phone number and a single dedicated data path. Using the broadcast capability of Broadspan, these updates can be delivered within minutes, not weeks, and would unload the traffic off the cellular network. Using data delivered by broadcast, an automotive company can send an identical file to those same 280 million vehicles at one time – rather than sending the same file individually to those same millions of vehicles. This should reduce costs by billions of dollars and result in significantly improved customer experiences. In addition, this technology, when fully deployed, will deliver enhanced audio and video entertainment to these vehicles. This same technology and system can also be used across multiple industries to provide efficient connectivity to billions of future devices.
Said Skip Flenniken, Sinclair's Vice President &amp; General Manager, Technology Business Development, "Data Distribution is the powerful next step in the evolution of broadcasting. While continuing to provide exceptional and enhanced video programming, we now have the capability to repurpose a portion of our spectrum to meet the needs of data users on market-disrupting terms. Broadspan is a simple and convenient way for customers to access that capability."

EGIO

Sinclair Launches "Broadspan" Datacasting Platform; Edgio Collaborates For Data Offloading Capabilities

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> by analyst accuracy </a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.
<h3>CuriosityStream Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/curi#NASDAQ">CURI</a>)</h3>
<ul>
<li>Dividend Yield: 10.04%</li>
<li>Needham analyst Laura Martin maintained a Buy rating and cut the price target from $1.5 to $1.25 on March 21, 2024. This analyst has an accuracy rate of 73%.</li>
<li>Benchmark analyst Daniel Kurnos maintained a Buy rating and slashed the price target from $8 to $4 on March 31, 2023. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: On March 20, Curiosity Stream reported mixed fourth-quarter financial results.</li>
</ul>
<h3>Sinclair, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbgi#NASDAQ">SBGI</a>)</h3>
<ul>
<li>Dividend Yield: 7.59%</li>
<li>Guggenheim analyst Curry Baker maintained a Buy rating and cut the price target from $30 to $20 on Nov. 3, 2023. This analyst has an accuracy rate of 65%.</li>
<li>Benchmark analyst Daniel Kurnos reiterated a Buy rating with a price target of $25 on Aug. 23, 2023. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: On April 1, Sinclair Broadcast Group said Matthew Galka will join the company&#39;s Washington DC Bureau as a National Correspondent.</li>
</ul>
<h3>AT&amp;T Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/t#NYSE">T</a>)</h3>
<ul>
<li>Dividend Yield: 6.32%</li>
<li>Citigroup analyst Michael Rollins maintained a Buy rating and raised the price target from $19 to $20 on Feb. 1, 2024. This analyst has an accuracy rate of 75%.</li>
<li>Tigress Financial analyst Ivan Feinseth maintained a Buy rating and increased the price target from $28 to $29 on Jan. 31, 2024. This analyst has an accuracy rate of 72%.</li>
<li>Recent News: AT&amp;T recently said personal data from 73 million current and former customers account holders was leaked.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38087439/top-5-tech-stocks-that-could-lead-to-your-biggest-gains-this-month"> Top 5 Tech Stocks That Could Lead To Your Biggest Gains This Month </a>

Penny Stocks

CURI

These 3 Tech And Telecom Stocks With Over 6% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> by analyst accuracy </a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.
<h3>TEGNA Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgna#NYSE">TGNA</a>)</h3>
<ul>
<li>Dividend Yield: 3.22%</li>
<li>JP Morgan analyst David Karnovsky maintained a Neutral rating and cut the price target from $17 to $15 on March 1, 2024. This analyst has an accuracy rate of 67%.</li>
<li>Wells Fargo analyst Steven Cahall maintained an Equal-Weight rating and lowered the price target from $17 to $15 on Feb. 9, 2024. This analyst has an accuracy rate of 60%.</li>
<li>Recent News: TEGNA said it will host a conference call to discuss its first quarter 2024 earnings results on May 8, 2024.</li>
</ul>
<h3>Omnicom Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/omc#NYSE">OMC</a>)</h3>
<ul>
<li>Dividend Yield: 3.00%</li>
<li>Wells Fargo analyst Steven Cahall maintained an Equal-Weight rating and raised the price target from $85 to $91 on Feb. 7, 2024. This analyst has an accuracy rate of 60%.</li>
<li>Barclays analyst Julien Roch maintained an Equal-Weight rating and boosted the price target from $95 to $100 on Jan. 29, 2024. This analyst has an accuracy rate of 61%.</li>
<li>Recent News: On Feb. 28, Omnicom priced its &euro;600 million senior notes offering.</li>
</ul>
<h3>Sinclair, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbgi#NASDAQ">SBGI</a>)</h3>
<ul>
<li>Dividend Yield: 8.60%</li>
<li>Rosenblatt analyst Barton Crockett maintained a Neutral rating and raised the price target from $10.4 to $15.7 on Jan. 18, 2024. This analyst has an accuracy rate of 65%.</li>
<li>Deutsche Bank analyst Bryan Kraft maintained a Hold rating and cut the price target from $18 to $17 on Aug. 15, 2023. This analyst has an accuracy rate of 65%.</li>
<li>Recent News: On Feb. 28, Sinclair posted weaker-than-expected quarterly results.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/03/37839250/micron-signet-jewelers-and-3-stocks-to-watch-heading-into-wednesday"> Micron, Signet Jewelers And 3 Stocks To Watch Heading Into Wednesday </a>

Wall Street's Most Accurate Analysts Say Hold These 3 Tech And Telecom Stocks Delivering High-Dividend Yields

Sinclair Broadcast Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>) reported quarterly earnings of $0.81 per share which beat the analyst consensus estimate of $0.43 by 88.37 percent. This is a 10 percent decrease over earnings of $0.90 per share from the same period last year. The company reported quarterly sales of $826.00 million which missed the analyst consensus estimate of $838.75 million by 1.52 percent. This is a 13.96 percent decrease over sales of $960.00 million the same period last year.

CORRECTION: On Wednesday February 28, 2024, Sinclair Broadcast Group Reported Q4 EPS $0.81 Beats $0.43 Estimate, Sales $826.00M Miss $838.75M Estimate

CCG, KUKE among major communication services gainers; AMC, SBGI among losers

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
As this month&rsquo;s Roaring Kitty meme wave <a href="https://www.reuters.com/technology/gamestop-amc-slide-meme-stocks-rally-loses-steam-2024-05-16/">has now come and gone</a>, it&rsquo;s time to skip on names like AMC Entertainment (NYSE:<a href="https://investorplace.com/stock-quotes/amc-stock-quote/">AMC</a>), and look at far better entertainment stocks to buy for growth and value.



Even as AMC stock has coughed back most of its gains from this short-lived meme rallies, shares in the movie theater chain remain at risk of experiencing additional sharp price declines. Mostly, because of the company&rsquo;s continued aggressive use of dilutive financing methods, such as debt-for-equity swaps, as well as the sale of newly issued shares.



However, if you are looking for entertainment stocks to buy , there are a multitude of much stronger opportunities out there, one of which is a direct AMC competitor. Whereas AMC is overvalued and overhyped, many of these alternative choices are undervalued, and could prove their skeptics wrong in a big way.



With this in mind, let&rsquo;s dive in and take a look at seven entertainment stocks to buy instead of AMC.



<h2>AMC Networks (AMCX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/01/amcx-stock-1-300x169.jpg" alt="A magnifying glass zooms in on the website for AMC Networks (AMCX)."><div>Source: Casimiro PT / Shutterstock.com</div></div>AMC Networks (NYSE:<a href="https://investorplace.com/stock-quotes/amcx-stock-quote/">AMCX</a>) may have a similar-sounding name as AMC Entertainment, but the two companies are not related. Shares in this operator of cable television and streaming networks also differ from AMC in other ways.



While AMC stock is overvalued and overhyped, AMCX stock is undervalued and underestimated. Short-sellers have aggressively bet against AMC, on the view that cord-cutting and the pivot to streaming will be detrimental to its business. Still, much like I argued late last year, these negatives are <a href="https://investorplace.com/2023/11/7-entertainment-stocks-that-are-way-better-buys-than-amc/">more-than baked into its valuation</a>.



Shares today trade for only 3.1 times forward earnings. Although <a href="https://investorplace.com/earning-results/2024/05/amcx-stock-earnings-amc-networks-for-q1-of-2024/">AMCX&rsquo;s latest results </a>suggest more disappointment ahead, with so much uncertainty baked into its valuation, it may take just a modicum of positive news to send this stock significantly higher. This alone makes AMCX a much better buy than AMC.



<h2>Cinemark Holdings (CNK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/cinemark-cnk-1600-300x169.jpg" alt="Cinemark movie theatre location in the Louis Joliet Mall in the Chicago suburbs."><div>Source: LukeandKarla.Travel / Shutterstock.com</div></div>You may justify holding AMC, on the view that the company will benefit from a further post-COVID rebound in movie theater attendance. 



However, if you&rsquo;re looking to make such a wager, Cinemark Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/cnk-stock-quote/">CNK</a>) is one of the better entertainment stocks to buy.



The reasons for this go beyond just the fact that CNK stock, at 15 times forward earnings, is far more attractive than AMC in terms of valuation. As Benchmark analyst Mike Hickey argued last month, Cinemark stands to benefit from having <a href="https://www.marketwatch.com/story/cinemark-well-positioned-for-box-office-rebound-and-market-share-gains-says-benchmark-7b28d582">a stronger balance sheet</a> than its peers, as well from a further contraction in total movie screens nationwide.



Hickey also expects a significant increase in box office receipts starting next year. The analyst is not alone in this assessment, based on 2025 forecasts. Consensus calls for revenue to rise 13.1% in 2025, with earnings soaring 47%, <a href="https://seekingalpha.com/symbol/CNK/earnings">from $1.19 to $1.75 per share</a>.



<h2>Fox (FOX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/04/fox1600-300x169.png" alt="Fox News Channel at the News Corporation headquarters building in New York City. News Corporation is an American diversified multinational mass media corporation"><div>Source: Leonard Zhukovsky / Shutterstock.com</div></div>Fox (NYSE:<a href="https://investorplace.com/stock-quotes/fox-stock-quote/">FOX</a>) continues to be somewhat of a value trap among entertainment stocks. FOX is seen as a declining &ldquo;old media&rdquo; play, which benefits you if you haven&rsquo;t invested yet.



The Fox News Channel and Fox Sports parent continues to increase its streaming exposure, such as through the further expansion of its Tubi advertising-supported streaming platform.



That&rsquo;s not all. Alongside the Tubi catalyst, BofA&rsquo;s Jessica Reif Ehrlich noted other potential catalysts, in her recent upgrade of FOX stock.



Ehrlich noted that Fox&rsquo;s linear media assets could be more resilient, due to their greater amount of live content like sports or news. She also mentioned the potential with Fox&rsquo;s &ldquo;hidden asset&rdquo;: its option to buy a stake in online sportsbook FanDuel, as well as its stake in FanDuel&rsquo;s parent, Flutter Entertainment (NYSE:<a href="https://investorplace.com/stock-quotes/flut-stock-quote/">FLUT</a>).



<h2>Lions Gate Entertainment (LGF.A,LGF.B)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/lgf-stock-1-300x169.jpg" alt="A Lions Gate (LGF.A, LGF.B) sign in front of the company headquarters in Santa Monica, California."><div>Source: Alex Millauer / Shutterstock.com</div></div>Lions Gate Entertainment (NYSE:<a href="https://investorplace.com/stock-quotes/lgf-a-stock-quote/">LGF-A</a>,NYSE:<a href="https://investorplace.com/stock-quotes/lgf-b-stock-quote/">LGF-B</a>) is a media holding company that owns premium cable and streaming company Starz, as well as an 87.3% stake in Lionsgate Studios (NASDAQ:<a href="https://investorplace.com/stock-quotes/lion-stock-quote/">LION</a>).



LGF used to own both outright, but this year it <a href="https://www.davispolk.com/experience/screaming-eagle-de-spac-transaction-lionsgates-studio-business-may-2024">split off</a> its eponymous film studio assets, through a special purpose acquisition company merger. 



In time, this split off could help realize significant value for LGF-A stock investors. With a market cap of $2.06 billion, LGF-A trades at a discount to the value of its LION stake, which means you get the Starz media assets for free.



Also, as noted in an investor presentation, content-rich media companies have been sold in recent years at <a href="https://investors.lionsgate.com/~/media/Files/L/LionsGate-IR-V3/reports-and-presentations/lionsgate-transaction-presentation.pdf">very higher valuations</a>. 



Hence, Lionsgate Studios could be worth far more to a strategic buyer. Chock full of deep value, consider Lions Gate Entertainment one of the entertainment stocks to buy instead of AMC.



<h2>Paramount Global (PARA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/para1600-300x169.png" alt="In this photo illustration, the Paramount Global (PARA) logo is displayed on a smartphone screen"><div>Source: rafapress / Shutterstock.com</div></div>Like I have discussed previously, Paramount Global (NASDAQ:<a href="https://investorplace.com/stock-quotes/para-stock-quote/">PARA</a>) is <a href="https://investorplace.com/2024/05/buyout-bonanza-7-undervalued-gems-ripe-for-a-private-equity-takeover/">&ldquo;in play,&rdquo;</a> with several strategic and financial acquirers reportedly interested in taking buying all or some parts of the media conglomerate.



Sony (NYSE:<a href="https://investorplace.com/stock-quotes/sony-stock-quote/">SONY</a>) and Apollo Global Management (NYSE:<a href="https://investorplace.com/stock-quotes/apo-stock-quote/">APO</a>) have been the latest bidders for the company. Although there have been concerns they were about to back out of making a bid, <a href="https://seekingalpha.com/news/4108104-sony-apollo-sign-non-disclosure-agreements-with-paramount-global-nyt">recent developments</a> suggest it is still possible.



But while a possible takeover is currently the strongest catalyst for PARA stock, it&rsquo;s not as if it&rsquo;s the only catalyst at hand. 



As Seeking Alpha commentator Max Greve recently argued, sentiment for PARA has been clouded by <a href="https://seekingalpha.com/article/4694829-paramount-deal-rumors-aside-what-about-the-operations-can-it-turn-a-profit">last year&rsquo;s reporting of one-time losses</a>. Also, he argued that as Paramount is moving away from overspending on streaming content, its operating performance could improve dramatically. Improved results could, in turn, spark an additional rally.



<h2>Sinclair (SBGI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/04/sbgi1600-300x169.png" alt="n this photo illustration the Sinclair Broadcast Group (SGBI) logo seen displayed on a smartphone"><div>Source: rafapress / Shutterstock.com</div></div>If you&rsquo;re looking for deep value, Sinclair (NASDAQ:<a href="https://investorplace.com/stock-quotes/sbgi-stock-quote/">SBGI</a>) is one of the best entertainment stocks to buy. Sure, there is a very good reason why shares in this broadcast television station operator trade at rock-bottom prices. 



SBGI trades for only 4.1 times forward earnings, and has a 8.12% forward dividend yield.



Sinclair is highly exposed to the decline of linear media. It also has a heavily-leveraged balance sheet to boot. Yet while SBGI stock is hardly a problem-free situation, there is the potential for big rewards, if you choose to go contrarian, and buy this stock.



Why? For one, further news regarding <a href="https://www.cnbc.com/2024/05/09/sinclair-explores-selling-30percent-of-broadcast-stations.html">a possible sale of nearly a third of Sinclair&rsquo;s stations</a> is something that may drive another outsized move for the stock. Also, as InvestorPlace Earnings reported earlier this month, <a href="https://investorplace.com/earning-results/2024/05/sbgi-stock-earnings-sinclair-broadcast-group-for-q1-of-2024/">EPS came in better-than-feared last quarter</a>. Similar positive surprises may lie ahead.



<h2>Warner Bros Discovery (WBD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/wbd-stock-1-300x169.jpg" alt="A close-up of the blue and yellow Warner Bros (WBD) sign."><div>Source: Ingus Kruklitis / Shutterstock.com</div></div>Yes, Warner Bros Discovery (NASDAQ:<a href="https://investorplace.com/stock-quotes/wbd-stock-quote/">WBD</a>) has been a value trap since the Reverse Morris Trust transaction that created it <a href="https://about.att.com/story/2022/close-warnermedia-transaction.html">closed in 2022</a>. At that time WBD stock traded for around $25 per share.



Today, shares change hands at around $7.75 per share. Still, it&rsquo;s possible shares have finally hit a bottom. At least, based on the bull case laid out by one analyst team. Earlier this month, analysts at KeyBanc who upgraded WBD to &ldquo;overweight,&rdquo; with an $11 per share price target.



In its upgrade, KeyBanc cited several catalysts, including the prospect of WBD&rsquo;s streaming segment to become profitable next year. 



Given <a href="https://www.marketwatch.com/story/warner-bros-discoverys-stock-falls-after-company-posts-wider-than-expected-loss-and-revenue-that-lags-consensus-04ec9d7d">some of the more negative takeaways</a> from the company&rsquo;s latest earnings release, this may not be the best opportunity out there among entertainment stocks. However, WBD is definitely a much more compelling buy than AMC.



On the date of publication, Thomas Niel did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/roll-credits-on-amc-buy-these-7-entertainment-stocks-instead/">Roll Credits on AMC: Buy These 7 Entertainment Stocks Instead</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Roll Credits on AMC: Buy These 7 Entertainment Stocks Instead

AMC Networks: There's Hidden Opportunity With This One

Sinclair: Despite Key Catalysts, Long-Term Issues Are A Problem

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
If you are looking for stocks with the highest yields, look no further! First, I would make it clear that the stocks in this list are not necessarily the ones with the &ldquo;highest yields.&rdquo; For example, if you <a target="_blank" href="https://www.dividend.com/dividend-stock-screener/">screen</a> for <a href="https://investorplace.com/stock-types/dividend-stocks/">dividend stocks</a> with only the yield in mind, you will find lots of stocks with triple-digit yields. The drawback is that they are all unsustainable, and you are unlikely to profit from them. If it looks too good to be true, it probably is.



That is why you should always keep the payout ratio in mind and look at the broader picture. A business needs to have a sustainable payout ratio and sustainable profitability. These are the only dividend stocks worth holding in the long run.



With that in mind, we&rsquo;ll be looking at seven of the highest dividend yield stocks &mdash; but sustainable.



<h2>SFL Corporation (SFL)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2017/08/sflmsn-300x165.jpg" alt=""><div>Source: Shutterstock</div></div>SFL Corporation (NYSE:<a href="https://investorplace.com/stock-quotes/sfl-stock-quote/">SFL</a>) is a maritime infrastructure company that owns and charters a diversified fleet of vessels and rigs. I am quite bullish on SFL and tanker companies in general for the long run, as they have benefited from the dramatic shift in global logistics since the war started in 2022.



The company reported <a target="_blank" href="https://www.investing.com/news/stock-market-news/earnings-call-sfl-corporation-announces-robust-q1-2024-results-93ch-3440835">total charter revenues of $236 million</a> in Q1 2024, up 13% from the previous quarter, primarily due to the delivery of new car carriers and increased revenues from the drilling rig Hercules. SFL&rsquo;s EBITDA equivalent cash flow in the quarter was approximately $152 million, significantly higher than the previous quarter, and over the last 12 months, it has been an impressive $523 million.



The company&rsquo;s net income came in at around $45 million or 36 cents per share. SFL is committed to returning value to shareholders and has increased its quarterly dividend to 27 cents per share. With a robust and increasing charter backlog of approximately $3.6 billion, SFL is well-positioned to continue its impressive dividend track record.



<div><a href="https://investorplace.com/wp-content/uploads/2024/06/chart-2024-06-25t184224.550.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/06/chart-2024-06-25t184224.550.png" alt="Dividend stocks: SFL corp"> Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div>The stock is up 49% in the past year and still offers an attractive dividend yield of nearly 8%. I believe the longer trade routes resulting from geopolitical tensions and volatility work in favor of tanker companies like SFL, making them far from boring plays in the current environment.



<h2>Ares Capital (ARCC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/arcc-stock-1-300x169.jpg" alt="Ares Capital (ARCC) logo on its webpage"><div>Source: Pavel Kapysh / Shutterstock.com</div></div>Ares Capital (NASDAQ:<a href="https://investorplace.com/stock-quotes/arcc-stock-quote/">ARCC</a>) is a leading business development company that provides financing solutions to middle-market companies. Despite the tough lending environment, ARCC posted solid Q1 results with <a href="https://finance.yahoo.com/news/ares-capital-corp-arcc-q1-072022040.html" target="_blank">core EPS of 59 cents,</a> up 3.5% year-over-year (YOY) and beating its regular dividend. The stock trades at an attractive 9.3% yield and has delivered a steady 14% price appreciation over the past year.



<div><a href="https://investorplace.com/wp-content/uploads/2024/06/chart-2024-06-25t184251.802.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/06/chart-2024-06-25t184251.802.png" alt="ARCC capital dividends chart"> Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div>I believe ARCC is poised to benefit from several tailwinds ahead. The thawing of frozen credit markets is spurring more M&amp;A activity, as evidenced by ARCC&rsquo;s robust $1.2 billion in new commitments closed just in April. While competition is heating up, ARCC has navigated similar environments skillfully before. Its direct origination platform spanning the middle market should help it source high-quality deals others miss.



I will admit that BDCs often get unfairly punished during downturns. However, ARCC&rsquo;s strong underwriting and portfolio management have allowed it to outperform across cycles. I think it should recover quickly from any future recessions and keep compounding in the long run.



<h2>Sixth Street Specialty Lending (TSLX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/bank-lending-capital-1600-300x169.jpg" alt="hands at desk near laptop computer, with one hand holding a pile of hundred dollar bills. Bank stocks. stocks to buy"><div>Source: shutterstock.com/CC7</div></div>Sixth Street Specialty Lending (NYSE:<a href="https://investorplace.com/stock-quotes/tslx-stock-quote/">TSLX</a>) provides financing solutions to middle-market companies and private equity sponsors. Despite challenging economic conditions impacting its portfolio companies, I believe TSLX remains well-positioned to deliver attractive risk-adjusted returns and a sustainable high dividend yield to shareholders.



In Q1 2024, TSLX reported <a href="https://www.insidermonkey.com/blog/sixth-street-specialty-lending-inc-nysetslx-q1-2024-earnings-call-transcript-1296344/" target="_blank">adjusted net investment income</a> of 58 cents per share, representing an annualized return on equity of 13.6%. While net investment income has benefited from higher interest rates, management noted the first modest decline in eight quarters of 5 basis points in the weighted average reference rate resets on debt and income-producing securities.



However, the strength of recent economic data and the higher for longer interest rate environment should continue to support TSLX&rsquo;s earnings power. The stock has recovered considerably from its lows but still trades about 11% below its peak, likely due to its exposure to fast-growing businesses that have slowed in recent quarters.



As the credit cycle turns and the growth outlook improves, I expect TSLX&rsquo;s portfolio and stock price to benefit.



<div><a href="https://investorplace.com/wp-content/uploads/2024/06/chart-2024-06-25t184313.016.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/06/chart-2024-06-25t184313.016.png" alt="TSLX dividends chart"> Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div>Most appealingly, TSLX offers a 9.9% dividend yield that looks well-covered by recurring earnings.



<h2>Altria Group (MO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/altria-mo-stock-1600-300x169.jpg" alt="Altria office sign in Virginia capital city tobacco business closeup by road street"><div>Source: Kristi Blokhin / Shutterstock.com</div></div>Altria Group (NYSE:<a href="https://investorplace.com/stock-quotes/mo-stock-quote/">MO</a>) manufactures and sells smokable and oral tobacco products. I believe Altria is one of the most compelling dividend stocks you can buy in this market. In Q1 2024, Altria delivered adjusted <a href="https://www.zacks.com/stock/news/2261951/altria-mo-q1-earnings-and-revenues-lag-estimates" target="_blank">EPS of $1.15 on revenue of $4.72 billion.</a> While revenue declined 0.84% YOY, the company is making strong progress with its smoke-free NJOY e-vapor product. NJOY expanded its distribution to over <a href="https://investor.altria.com/press-releases/news-details/2024/NJOY-Receives-First-FDA-Authorizations-for-Menthol-E-Vapor-Products/default.aspx">80,000 stores</a> in Q1, and management expects it to reach 100,000 stores by the end of the year. Retail share of NJOY consumables grew to an <a href="https://www.altria.com/-/media/Project/Altria/Altria/Investors/events-and-presentations/2024/2024-Q1/Press-Release.pdf">impressive 4.3%</a> in the quarter.



Yes, tobacco stocks get a bad rap, and smoking rates are declining. But the pace of decline is often overstated. Altria has consistently demonstrated strong pricing power to grow earnings steadily in the face of volume declines.



<div><a href="https://investorplace.com/wp-content/uploads/2024/06/chart-2024-06-25t184326.332.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/06/chart-2024-06-25t184326.332.png" alt="Altria dividends chart"> Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div>With an 8.4% dividend yield, Altria is an income investor&rsquo;s dream. The stock may not soar, but with that kind of cash payout, it doesn&rsquo;t have to. For yield-starved investors, Altria is a must-own.



<h2>Sinclair (SBGI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/04/sbgi1600-300x169.png" alt="n this photo illustration the Sinclair Broadcast Group (SGBI) logo seen displayed on a smartphone"><div>Source: rafapress / Shutterstock.com</div></div>Sinclair (NASDAQ:<a href="https://investorplace.com/stock-quotes/sbgi-stock-quote/">SBGI</a>) is a diversified media company that operates local TV broadcasting stations across the United States. While mainstream media companies have faced headwinds recently from the rise of independent journalists, I believe these challenges are overstated. Media giants still wield immense influence and are wisely pivoting to digital platforms to stay competitive.



Sinclair&rsquo;s deep affiliations with major networks like FOX (NASDAQ:<a href="https://investorplace.com/stock-quotes/fox-stock-quote/">FOX</a>), ABC, CBS and NBC provide a powerful moat, allowing them to broadcast top shows while inserting local content and ads. Yes, SBGI stock has tumbled 78% over the past five years, but the decline has moderated and I think the worst is priced in at this point.



<div><a href="https://investorplace.com/wp-content/uploads/2024/06/chart-2024-06-25t184341.599.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/06/chart-2024-06-25t184341.599.png" alt="Sinclair dividends chart"> Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div>With a towering 8.5% dividend yield and a record-breaking $350M+ in political ad revenue expected for 2024, Sinclair offers a compelling risk/reward at these levels. The stock seems unlikely to fall much further, and the hefty dividend provides solid downside protection while we await a potential recovery. We are in an election year, so I think this could spark a recovery.



<h2>Highwoods Properties (HIW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/11/shopping-center-retail-reit-1600-300x169.jpg" alt="Commercial shopping center in a tropical climate"><div>Source: mTaira / Shutterstock.com</div></div>Highwoods Properties (NYSE:<a href="https://investorplace.com/stock-quotes/hiw-stock-quote/">HIW</a>) is a real estate investment trust that owns, develops and manages office properties. The future looks bright for HIW despite economic headwinds buffeting the real estate sector. In Q1, they <a href="https://www.fool.com/earnings/call-transcripts/2024/04/24/highwoods-properties-hiw-q1-2024-earnings-call-tra/#:~:text=First%2C%20we%20signed%20922%2C000%20square,leases%20in%20our%20development%20pipeline." target="_blank">signed an impressive 922,000 square feet</a> of second-generation leases, including over 400,000 square feet of new leases. This leasing momentum should continue as HIW&rsquo;s markets generate outsized population and job growth. People and companies are attracted to the high quality of life and business-friendly environments in which HIW operates.



While rising interest rates have cooled home buying demand, the rental market remains robust. That bodes well for office REITs like HIW. Contrary to some expectations, work-from-home hasn&rsquo;t gained as much lasting traction post-pandemic. Companies still value in-person collaboration. HIW&rsquo;s occupancy dipped modestly to 88.5% in Q1, but I believe this is a short-term blip.



With $40 million of incremental NOI expected from its development pipeline and a strong balance sheet, HIW is well-positioned to deliver sustainable dividends and long-term growth for shareholders.



<div><a href="https://investorplace.com/wp-content/uploads/2024/06/chart-2024-06-25t184352.702.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/06/chart-2024-06-25t184352.702.png" alt="HIW dividends chart"> Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div>The stock is down nearly 50% from its pre-pandemic prices and is on a rebound. The dividend yield here is 7.58%.



<h2>Western Union (WU)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/wu-stock-1-300x169.jpg" alt="An image of people walking in front of a Western Union storefront"><div>Source: DW labs Incorporated/Shutterstock.com</div></div>Western Union (NYSE:<a href="https://investorplace.com/stock-quotes/wu-stock-quote/">WU</a>) provides global money transfer and payment services. The stock has been one of the worst performers in the post-pandemic era, down 55% from its peak. However, I believe it&rsquo;s starting to bottom out and looks like a good long-term bet at these levels.



The company had a solid Q1, beating revenue estimates by a hefty 3.82%. <a href="https://www.pymnts.com/earnings/2024/western-unions-digital-transactions-surge-13/#:~:text=CEO%20Devin%20McGranahan%20said%20during,bit%20more%20than%20%241%20billion." target="_blank">Consumer money transfer transactions</a> grew 6%, the third consecutive quarter of 5%+ growth. Branded digital revenue accelerated to 9% growth, the best since Q3 2021.



While Western Union has struggled to adapt as many financial services went digital and competition from fintechs and crypto increased, management&rsquo;s Evolve 2025 strategy seems to be gaining traction. The company is focusing on returning the digital business to double-digit growth and stabilizing the retail business.



It is also maintaining industry-leading 19% to 21% adjusted margins and returning capital to shareholders, with $1.5 billion in buybacks and dividends since late 2021.



<div><a href="https://investorplace.com/wp-content/uploads/2024/06/chart-2024-06-25t184405.662.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/06/chart-2024-06-25t184405.662.png" alt="WU dividends chart"> Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div>With the stock beaten down and a hefty 7.58% dividend yield, Western Union looks like an attractive contrarian pick for income investors willing to be patient.



On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/7-stocks-with-the-highest-sustainable-dividend-yields-in-2024/">7 Stocks With the Highest (Sustainable) Dividend Yields in 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Stocks With the Highest (Sustainable) Dividend Yields in 2024

Sinclair Broadcast declares $0.25 dividend

Sinclair, Inc. 2024 Q2 - Results - Earnings Call Presentation

Sinclair Broadcast GAAP EPS of $0.27 beats by $0.41, revenue of $829M misses by $9.25M

Sinclair, Inc. (SBGI) Q2 2024 Earnings Call Transcript

In a report released today, Benjamin Soff from Deutsche Bank maintained a Hold rating on Sinclair Broadcast (SBGI – Research Report), with a price ...

Deutsche Bank  Reaffirms Their Hold Rating on Sinclair Broadcast (SBGI)

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Press Releases

Sinclair Reports Second Quarter 2024 Financial Results

Sinclair Declares $0.25 Per Share Quarterly Cash Dividend

WBFF's Project Baltimore Nominated for Two National Emmy® Awards, News & Documentary

Comet Fest 2024 TV Fan Festival Sees a 40% Audience Increase Year-Over-Year

Sinclair Expands Podcast Content Division, Launches Sports Talent Programming with "The Triple Option" with Urban Meyer, Mark Ingram II, and Rob Stone and "Throwbacks" with Matt Leinart and Jerry Ferrara

Sinclair and Feeding America® Helped Provide 1.2 Million Meals to Children Through "Sinclair Cares: Summer Hunger Relief" Initiative

Sinclair Stations Honored with Two RTDNA National Edward. R. Murrow Awards

TBD. Adds Previous Seasons of Saturday Night Live to Lineup

"Full Measure with Sharyl Attkisson," Sinclair's Weekly Investigative News Program, Returns for Tenth Season on Sunday, September 8

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