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The Zacks Analyst Blog Highlights: Netflix, Apple, Amazon and Comcast
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For Immediate Release
Chicago, IL – February 4, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Netflix, Inc. (NFLX - Free Report) , Apple Inc. (AAPL - Free Report) , Amazon.com, Inc. (AMZN - Free Report) and Comcast Corporation (CMCSA - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Streaming Services Continue to Thrive as Pandemic Continues: 4 Stocks to Watch
Video streaming services have had a great 2020 thanks to the pandemic that kept millions at home with no other option for entertainment but watching videos online. Moreover, the pandemic also coincided with the launch of a number of video streaming services, which cashed in on the situation by immediately adding millions of subscribers that gave a boost to their revenues.
The pandemic saw both small and big players competing to increase their user base of a captive audience that resulted in higher average household spending on streaming video services. And the situation is likely to continue as the crisis is far from over.
Spending on Subscriptions Increases
According to a new survey by J.D. Power, the average U.S. viewer in December was paying $47 per month for all their subscriptions compared to $38 in April 2020. This is a substantial jump given that video streaming gained immense popularity during the pandemic.
Also, the report says that viewers added more services to their streaming services bouquet during the pandemic. Many increased their streaming subscription to four services in December 2020 from three in April 2020.
Another big reason behind this jump in subscription spending is increasing options. Prior to 2020, there were only three major players, which have now doubled in less than a year. Naturally, this has also been boosting competition.
Streaming Services Set to Grow in 2021
A number of video streaming services were launched at the end of 2019, followed with a couple more in 2020. Most of them have succeeded in adding thousands of subscribers within weeks.
Netflix has been the biggest gainer during the pandemic, with its subscribers growing at a faster rate than its rivals initially. It has been spending aggressively on building its original show portfolio. More users mean more subscriptions, which has been boosting their revenues.
The launch of new streaming services has also giving cable TV services a run for their money. Cable TV was already suffering and it only got worse during the pandemic. According to investors.com citing a Leichtman Research Group report, the first three quarters of 2020 saw all big pay-TV service providers losing 3.75 billion subscribers.
Moreover, many media companies that have been waiting to release their movies in theatres have started to release them on OTT platforms, which have further been helping the streaming industry.
Stocks in Focus
Streaming services are one of the rare few that is benefiting from the coronavirus pandemic, which has kept billions of people at home with nothing to do but stream. This thus makes an opportune time to invest in video and music streaming stocks.
Netflix is considered a pioneer in the streaming space. It has been spending aggressively on building its original show portfolio. The company added more than 8.5 million paid subscribers in the fourth quarter.
The company's expected earnings growth rate for the current year is 58.2%. The Zacks Consensus Estimate for current-year earnings has improved 8.3% over the past 60 days. The company currently has a Zacks Rank #2 (Buy).
Apple launched its streaming services last year and has gained immense popularity since then. The company reportedly has more than 30 million TV subscribers. Recently, the company announced that it will also be offering a bundled service, which is likely to further boost its subscriber figures.
The company's expected earnings growth rate for the current year is 36.3%. The Zacks Consensus Estimate for current-year earnings has improved 11.5% over the past 60 days. Apple sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Amazon, besides being an e-commerce giant, offers several other services. Amazon Prime, a membership program, provides access to streaming of movies and TV episodes among other services, and is one of the market leaders in the streaming space.
The company's expected earnings growth rate for the current year is 50.5%. The Zacks Consensus Estimate for current-year earnings has improved 0.2% over the past 60 days. Amazon carries a Zacks Rank #3 (Hold).
Comcast's Peacock video streaming service boasts more than 33 million paid subscribers in less than a year of its launch. Peacock has three tiers of service: Free, Premium and Premium Plus. Peacock also offers a lineup of around 25 curated digital linear channels, featuring long-form and digital-originated programming content from NBCUniversal's broadcast and cable properties as well as third-party content providers.
The company's expected earnings growth rate for next year is 11.9%. Comcast shares have gained 21.5% in the past three months. It carries a Zacks Rank #3.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for "stay at home" technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Netflix, Apple, Amazon and Comcast
For Immediate Release
Chicago, IL – February 4, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Netflix, Inc. (NFLX - Free Report) , Apple Inc. (AAPL - Free Report) , Amazon.com, Inc. (AMZN - Free Report) and Comcast Corporation (CMCSA - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Streaming Services Continue to Thrive as Pandemic Continues: 4 Stocks to Watch
Video streaming services have had a great 2020 thanks to the pandemic that kept millions at home with no other option for entertainment but watching videos online. Moreover, the pandemic also coincided with the launch of a number of video streaming services, which cashed in on the situation by immediately adding millions of subscribers that gave a boost to their revenues.
The pandemic saw both small and big players competing to increase their user base of a captive audience that resulted in higher average household spending on streaming video services. And the situation is likely to continue as the crisis is far from over.
Spending on Subscriptions Increases
According to a new survey by J.D. Power, the average U.S. viewer in December was paying $47 per month for all their subscriptions compared to $38 in April 2020. This is a substantial jump given that video streaming gained immense popularity during the pandemic.
Also, the report says that viewers added more services to their streaming services bouquet during the pandemic. Many increased their streaming subscription to four services in December 2020 from three in April 2020.
Another big reason behind this jump in subscription spending is increasing options. Prior to 2020, there were only three major players, which have now doubled in less than a year. Naturally, this has also been boosting competition.
Streaming Services Set to Grow in 2021
A number of video streaming services were launched at the end of 2019, followed with a couple more in 2020. Most of them have succeeded in adding thousands of subscribers within weeks.
Netflix has been the biggest gainer during the pandemic, with its subscribers growing at a faster rate than its rivals initially. It has been spending aggressively on building its original show portfolio. More users mean more subscriptions, which has been boosting their revenues.
The launch of new streaming services has also giving cable TV services a run for their money. Cable TV was already suffering and it only got worse during the pandemic. According to investors.com citing a Leichtman Research Group report, the first three quarters of 2020 saw all big pay-TV service providers losing 3.75 billion subscribers.
Moreover, many media companies that have been waiting to release their movies in theatres have started to release them on OTT platforms, which have further been helping the streaming industry.
Stocks in Focus
Streaming services are one of the rare few that is benefiting from the coronavirus pandemic, which has kept billions of people at home with nothing to do but stream. This thus makes an opportune time to invest in video and music streaming stocks.
Netflix is considered a pioneer in the streaming space. It has been spending aggressively on building its original show portfolio. The company added more than 8.5 million paid subscribers in the fourth quarter.
The company's expected earnings growth rate for the current year is 58.2%. The Zacks Consensus Estimate for current-year earnings has improved 8.3% over the past 60 days. The company currently has a Zacks Rank #2 (Buy).
Apple launched its streaming services last year and has gained immense popularity since then. The company reportedly has more than 30 million TV subscribers. Recently, the company announced that it will also be offering a bundled service, which is likely to further boost its subscriber figures.
The company's expected earnings growth rate for the current year is 36.3%. The Zacks Consensus Estimate for current-year earnings has improved 11.5% over the past 60 days. Apple sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Amazon, besides being an e-commerce giant, offers several other services. Amazon Prime, a membership program, provides access to streaming of movies and TV episodes among other services, and is one of the market leaders in the streaming space.
The company's expected earnings growth rate for the current year is 50.5%. The Zacks Consensus Estimate for current-year earnings has improved 0.2% over the past 60 days. Amazon carries a Zacks Rank #3 (Hold).
Comcast's Peacock video streaming service boasts more than 33 million paid subscribers in less than a year of its launch. Peacock has three tiers of service: Free, Premium and Premium Plus. Peacock also offers a lineup of around 25 curated digital linear channels, featuring long-form and digital-originated programming content from NBCUniversal's broadcast and cable properties as well as third-party content providers.
The company's expected earnings growth rate for next year is 11.9%. Comcast shares have gained 21.5% in the past three months. It carries a Zacks Rank #3.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for "stay at home" technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.