The Sphere in Las Vegas is one of the most iconic
developments of 2023, and investors can buy a piece of the business
with Sphere Entertainment (NYSE: SPHR). But the company announced
yesterday that it intends to raise $225 million in convertible debt
for unknown uses, and that caused the stock to sink. In this video,
Travis Hoium discusses the potential capital raise, early results
from the quarter, and why this is still a stock investors should be
cautious about. *Stock prices used were end-of-day prices of Dec.
5, 2023. The video was published on Dec. 6, 2023. 10 stocks we like
better than Sphere Entertainment When our analyst team has a stock
tip, it can pay to listen. After all, the newsletter they have run
for over a decade, Motley Fool Stock Advisor, has tripled the
market.* They just revealed what they believe are the ten best
stocks for investors to buy right now... and Sphere Entertainment
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even better buys. *Stock Advisor returns as of December 4, 2023
Travis Hoium has no position in any of the stocks mentioned. The
Motley Fool has no position in any of the stocks mentioned. The
Motley Fool has a disclosure policy. Travis Hoium is an affiliate
of The Motley Fool and may be compensated for promoting its
services. If you choose to subscribe through their link they will
earn some extra money that supports their channel. Their opinions
remain their own and are unaffected by The Motley Fool. The views
and opinions expressed herein are the views and opinions of the
author and do not necessarily reflect those of Nasdaq, Inc.