In this article I use AAII’s A+ Investor Stock Grades to provide insight into three broadcasting stocks. With the demand increasing after the lulls of consumer discretionary spending during the pandemic, broadcasting stocks have seen some recovery. However, the high inflation environment has led to increased spending by most corporations. Offset partially by increasing costs and demand, broadcasting companies continue to face declining market share due to streaming and cord-cutting. Despite this, broadcasting companies have a record of increasing growth and profits. Should you consider these three broadcasting stocks of Entravision Communications (EVC), Fox (FOXA) and Nexstar Media Group (NXST)?
Broadcasting Stocks Recent News
In 2022, the market declined significantly, with the S&P 500 index declining 18.1% on a total-return basis and the Dow Jones industrial average declining 6.9%. Some sectors significantly underperformed the market in 2022, like the S&P 500 Communication Services index declining 39.9% on a total-return basis. The market shifted out of growth-orientated stocks in favor of more defensive stocks and conservative investment strategies.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.