Mississauga, ON -- (SBWIRE) -- 06/17/2016 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Genius Brands Soars After Securing Largest Content Licensing Deal In Its History."
Companies mentioned in this article include Genius Brands International Inc. (OTCQB:GNUS) and Netflix Inc. (NASDAQ:NFLX).
Following the conclusion of the Federal Reserve's monetary policy meeting on Wednesday, U.S. equities are mixed in trading today. While the Fed's statement has provided more clarity on the pace of future rate hikes, market sentiment has been weighed down by worries over the outcome of next week's referendum in the U.K.
The U.K. will vote on whether to stay in or leave the European Union (EU) next week. What market participants are worried about is the recent strengthening of the Leave campaign. Indeed, recent polls suggest that the Leave campaign has the edge. If Britain does vote to leave the EU, it could lead to a sell-off in the British pound. Analysts say that the currency could drop as much as 10%. Fears of a Brexit, as U.K.'s potential exit from the EU is called, are also having a negative impact on global equities. In the U.S., the Dow Jones and the S&P 500 were marginally higher in mid-day trading, while the NASDAQ was lower.
Although the overall sentiment is cautious, there are some stocks seeing significant gains. One such stock in today's trading is Genius Brands International Inc. (OTCQB:GNUS). Based in Beverly Hills, California, Genius Brands is a global brand management company engaged in the creation and licensing of multimedia content. The company creates and distributes its content globally in all formats. It also licenses a broad range of consumer products based on its characters.
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