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World Wrestling Entertainment, Inc. (WWE) engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. 
It operates through three segments: Media, Live Events, and Consumer Products.
The Media segment engages in the production and monetization of long-form and short-form video content across various platforms, including WWE Network, broadcast and pay television, and digital and social media, as well as filmed entertainment.
The Live Events segment is involved in the sale of tickets; provision of event services; and sale of travel packages related to its live events.
The Consumer Products segment engages in merchandising of WWE branded products, such as video games, toys, apparel, and books through licensing arrangements and direct-to-consumer sales, as well as through e-commerce platforms.
On August 16th, WWE reported 2nd Quarter June 2022 earnings of $0.59 per share on revenue of $328.2 million. The consensus earnings estimate was $0.56 per share on revenue of $312.3 million. Revenue grew 23.6% on a year-over-year basis. November 3rd is the next earnings report.
Shares have formed a bullish "cup and handle" and are expected to move higher from this formation.
Entry Point: $77.00
Stop Loss: $73.00
Trading Range: $46.91 to $79.83
Target Price: $84.70
