Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

3 Top Streaming Stocks Back in Play

Published 05/04/2021, 09:17 AM
Updated 05/04/2021, 10:31 AM
© Reuters.  3 Top Streaming Stocks Back in Play

© Reuters. 3 Top Streaming Stocks Back in Play

More and more people are cutting the cord on cable and switching to streaming services. The pandemic accelerated this trend and streaming stocks, as a result, surged last year. But the party is not over yet. Streaming is a long-term growth area which is why David Cohne is recommending Amazon.com (NASDAQ:AMZN), Netflix (NFLX), and AMC Networks (NASDAQ:AMCX).Over the past ten years, consumers have been cutting the cord on cable and tossing out their satellite dishes in favor of streaming services. Last year, the pandemic accelerated this trend, with many people forced to stay at home. As a result, media companies have been jumping into the streaming wars with their own services.

While most streaming stocks saw huge gains last year, this trend isn’t expected to end anytime soon. Across the world, more people pay for streaming subscriptions than cable TV. Why pay for cable when you can watch shows or movies from any place at any time, from an internet-based library of content.

There are so many different streaming services now that there is something for everybody. That’s why investors need to pay attention to streaming stocks. The industry will continue to grow. But not all of these services will be winners when all is said and done. This is why we need to focus on great long-term buys, which is why I am recommended Buy-rated streaming stocks Amazon.com, Inc. (AMZN), Netflix Inc. (NASDAQ:NFLX), and AMC Networks Inc. (AMCX).

Continue reading on StockNews

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.