This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

6 Winning Stocks for Awards Season

MILLBURN, N.J. ( Stockpickr) -- We are in the heart of awards season. The Golden Globes Awards ceremony was held on Jan. 15, and the first-ever NFL Honors took place the night before the Super Bowl. This past weekend as the Grammys, and at the end of the month comes the highly anticipated Academy Awards.

I thought all of these awards shows made for a perfect opportunity to look closer at investment opportunities within the media industry. Here are my six favorite media and entertainment stocks.

>>5 Rocket Stocks Worth Buying

CBS: Broadcast

While Disney has an excellent broadcast lineup with ABC, ESPN, The Disney Channel and other cable channels, CBS (CBS) is the current king of broadcast television. CBS, headed by the very successful and talented Les Moonves, carries the highly rated blockbuster CSI and NCIS franchises of law enforcement dramas as well as a lineup of comedies and other drama shows that also draw large ratings. In today's digital age, all of these shows also have secondary value beyond primary broadcast such as syndication and on-demand pay television.

But that is not all there is to CBS. The company has a strong daytime and late-night lineup as well as one of the most-watched sports networks. A hotly contested and well-financed presidential election in 2012 will be a boom for broadcast advertising.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Earnings skyrocketed in 2011 and are expected to jump another 21% in 2012. The company generates excellent cash flow, which has been used to repay debt and pay a modest dividend, which could grow in the future.

CBS shows up on a list of 5 Mid-Cap Stocks That May Outperform in 2012 and Beyond and is one of Merrill Lynch's 10 Favorite Stocks for 2012.

1 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,071.22 -41.93 -0.24%
S&P 500 1,977.80 -5.05 -0.25%
NASDAQ 4,505.8520 -6.3420 -0.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs