US out of home stocks rallied in the fourth quarter of 2020.  Clear Channel Outdoor, OUTFRONT and Lamar outperformed the S&P 500 as you can see in the chart below.  Clear Channel was up 62% in the fourth quarter of 2020.  Outfront gained 29%.  Lamar gained 20%.  The S&P 500 was up 11%.

US Out of Home Stocks versus Standard and Poors 500 for 3 mos ended 12/31/20

US out of home stocks haven’t fully recovered from Covid.  The S&P 500 rose 15% during the full year 2020 while Lamar declined 6%, OUTFRONT declined 29% and Clear Channel Outdoor declined 42%.    Billboard Insider expects out of home stocks to increase faster than the S&P 500 during 2021 as urban markets and the entertainment events sectors rebound from covid.

US Out of Home Stocks versus Standard and Poors 500 for full year 2020

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