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Quint Tatro, Joule Financial founder, joins ‘Power Lunch' to discuss three stocks: Disney, Alibaba and Six Flags.

Recent earning calls from two of the US's premier theme park chains show hint at a growing sense of apathy within America's world-class rollercoaster circuit. Six Flags reported second-quarter revenues of US$444 million, up 2% from US$435 million in the same period in 2022, but down 3.5% from 2021 numbers.

Six Flags (SIX) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.69 per share a year ago.

Six Flags Entertainment Corp.'s stock SIX, -1.21% slid 5% premarket Thursday, after the theme park operator posted weaker-than-expected second-quarter earnings and revenue that fell short of estimates. The Arlington, Texas-based company had net income of $21 million, or 25 cents a share, for the quarter to July 2, down from $45 million, or 53 cents a share, in the year-earlier period.

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Ian Zaffino, managing director and senior analyst at Oppenheimer, joins 'Power Lunch' to discuss theme parks shutting down over smoke risks, concerns about smoky conditions persisting into the summer, and how theme parks manage weather disasters.

After a steep drop in attendance, the theme-park operator is trying to upgrade its brand; the wafting aroma of barbecue.

Six Flags Magic Mountain visitors will soon have one less line to wait in and more time to spend riding roller coasters when a new Amazon-powered grab-and-go cashierless shop opens at the Valencia amusement park.

Six Flags took significant price increases in 2022, causing a 26% drop in attendance YOY. Management acknowledged the aggressive pricing approach in the Q4 2022 call and plans to adopt a more relaxed strategy in the upcoming year to address the situation.

Six Flags is aiming for a big summer season. Investors might want to watch this stock for now.