This Day On The Street
Continue to site
ADVERTISEMENT
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

[video] Quick Take: Media Stocks Poised for Success

NEW YORK (TheStreet) -- While media stocks have been on a tear this year, and TheStreet's Leon Lazaroff and Debra Borchardt explain why the companies are poised for success. 

Despite lower TV ratings, network companies are getting favorable business from advertisers and affiliates, Lazaroff said. 

He pointed to Time Warner Cable (TWC), which reported earnings last week and had pretty good results considering its spat with CBS Networks (CBS). Cable bundling with Internet has been able to help many of the cable providers as well. 

Time Warner (TWX) beat earnings estimates on Wednesday and Disney (DIS) is set to release results after the close on Thursday. 

However, there's one area of television that can fuel cable companies higher: Sports contracts. 

Lazaroff suggested that Twenty-First Century Fox (FOX) realized this and took the upfront expenses in order to build out its new sports network, Fox Sports 1

When weighing the pros and cons of the move, he pointed to Disney and how much profit it generates from its ESPN unit. 

Turning to film, Lazaroff said that despite fewer movies being produced, the companies are still doing very well. 

Specifically, Disney should be set going into 2014 with Thor: The Dark World and The Secret Life of Walter Mitty scheduled to be released Nov. 8 and Dec. 25, respectively. 

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
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!
SYM TRADE IT LAST %CHG
AAPL $124.75 0.00%
FB $80.78 0.00%
GOOG $524.05 0.00%
TSLA $206.79 0.00%
YHOO $44.45 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs