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5 Best Streaming and TV Stocks To Buy Now

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In this piece, we’ll take a look at the 5 Best Streaming and TV Stocks To Buy Now. For a detailed analysis of the industry and more stocks, go to 12 Best Streaming and TV Stocks To Buy Now

5. Disney+ by The Walt Disney Company (NYSE:DIS)

Number of Hedge Funds In Q2 2023: 92

In the second quarter of 2023, according to our database, a total of 92 hedge funds demonstrated their confidence in The Walt Disney Company (NYSE:DIS), collectively holding a substantial stake with a total value of $2.2 billion. 

The Walt Disney Company’s Disney+ is one of the most successful streaming services in the US. Its launch time of November, 2019 is often regarded as a shrewed business decision because of the momentum that MCU content had at the conclusion of Phase 3, which included movies like Infinity War and Endgame. Many of these were some of the highest grossing movies of all time.

The launch of Disney+ saw multiple spinoffs for characters from Phase 3, which included shows like WandaVision, The Falcon and the Winter Soldier and Loki, among a number of others. These shows kept marvel fans on the hook and resulted in Disney+ rapidly gaining high subscription numbers. However, as of late, the subscriber count has fell to 146 million.

On September 20, 2023, analyst Barton Crockett of Rosenblatt made an unconventional move regarding Walt Disney (NYSE:DIS). Despite Disney’s recent stock price decline, which marked its lowest point in more than three years, Crockett opted to retain a Buy rating on the company. Nevertheless, he did revise down the price target slightly, reducing it from $104 to $103. Crockett’s confidence in Disney is rooted in his conviction that the company’s asset value remains fundamentally strong.

However, as of September 6, 2023, the stock of The Walt Disney Company (NYSE:DIS) concluded trading at $80.98 per share. Over the course of the past month, the stock displayed a one-month return of -7.44%, and its overall performance over the past year reflected a decline of 28.14% in share value. Currently, The Walt Disney Company (NYSE:DIS) currently has a market capitalization of $148.176 billion.

In its Q2 2023 investor letter, Diamond Hill Large Cap Strategy provided the following commentary regarding The Walt Disney Company (NYSE:DIS):

“Our bottom contributors in Q2 included health insurance company Humana, biopharmaceutical company Pfizer and global entertainment company The Walt Disney Company (NYSE:DIS). Disney’s Bob Iger returned to the CEO’s seat in November 2022, replacing Bob Chapek, who left following a turbulent tenure. As a result of disappointing quarterly results and incremental commentary suggesting a more inline strategy with other media, the market has become less confident that Iger will achieve a turnaround by the end of his 1.5- year contract. We continue to believe Disney has a unique collection of assets and owns some of the best content among all media companies. Their ability to monetize this content across many platforms — studio, theme park, toys, streaming — is incredibly valuable; thus we remain investors.”

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…