Focus on Entertainment Stocks

* Market trends: AirTouch was the volume leader in Monday’s trading. Elsewhere, QVC Inc., which produces home shopping programming, announced a second-quarter profit of $11.7 million on sales of $303.3 million, compared to a year-earlier profit of $13.3 million on sales of $262.4 million. The company attributed the 12% decline in profit to steep costs in expanding its service into Mexico and Britain.