Forget Netflix: 5 Better Streaming Stocks to Buy Now

In this article, we discuss the 5 streaming stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to Forget Netflix: 10 Streaming Stocks to Buy Now.

5. Comcast Corporation (NASDAQ: CMCSA)

Number of Hedge Fund Holders: 88

Comcast Corporation (NASDAQ: CMCSA) is a Pennsylvania-based media and technology company. It is ranked fifth on our list of 10 streaming stocks to buy now. The firm has stakes in several businesses, including web-based streaming through the Xfinity brand. On July 29, the firm posted earnings for the second quarter, reporting earnings per share of $0.84, beating market estimates by $0.17. The revenue over the period was $28 billion, up 20% year-on-year and beating market predictions by $1.3 billion. 

On July 30, investment advisory Morgan Stanley maintained an Overweight rating on Comcast Corporation (NASDAQ: CMCSA) stock and raised the price target to $72 from $70, noting the earnings beat of the firm in the second quarter and potential for faster growth in the future. 

Out of the hedge funds being tracked by Insider Monkey, New York-based firm Eagle Capital Management is a leading shareholder in Comcast Corporation (NASDAQ: CMCSA) with 38 million shares worth more than $2 billion. 

In its Q1 2021 investor letter, Nelson Capital Management, an asset management firm, highlighted a few stocks and Comcast Corporation (NASDAQ: CMCSA) was one of them. Here is what the fund said:

“Comcast is the Largest cable provider in the U.S. and is the dominant internet access provider in the markets it serves. Though Comcast will likely see further declines in cable subscriptions due to ongoing cord-cutting, it should be able to off set that lost revenue by growing internet access customers and instituting higher pricing. The pandemic has increased the importance of a fast internet connection, with more content streaming to homes at increasingly higher quality. Comcast made significant upgrades early on, allowing it to quickly deploy new technology and increase speeds to meet the evolving needs of its customers.”