Madison Square Garden Entertainment Corp. is acquiring MSG Networks Inc. in an all-stock, fixed exchange ratio transaction.

It has been quite a year for the stock market, which makes finding the best cheap growth stocks increasingly difficult as the S&P 500 (up 15% year to date) and NASDAQ 100 (up 47% year to date) climb. 

We have had a buy or strong buy on the stock for much of the past six months.

After reporting earnings beats in the trailing three quarters, World Wrestling Entertainment Inc. WWE​ succumbed to a negative earnings surprise in Q2 2016. The company’s earnings per share of a penny missed the Zacks Consensus Estimate of 8 cents.

As earnings season continues, we continue to get substantial turnover in the Magic Formula screens we follow. A few names in particular stand out here.