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).