AT&T is a 'third-place network': Analyst
04/02/2024 04:26The S&P 500 (^GSPC) Communication Services Sector (XLC) has gained 13% year-to-date, with stocks spanning across the tech and streaming industries. KeyBanc Capital Markets Research Analyst Brandon Nispel joins Market Domination to share his top picks within the sector. Nispel identifies AT&T (T) as a "third-place network" in the wireless space, preferring names like Verizon (VZ) and T-Mobile (TMUS). He highlights Verizon as "a turnaround story," with the consumer business experiencing a resurgence since the appointment of a new CEO at the company. Nispel also considers T-Mobile "a top call" due to the organic growth performance of the business, stating, "You can't find that type of growth" among traditional communication services stocks. Shifting his focus to the telecommunications industry, Nispel recommends Comcast (CMCSA)— saying the company has the "best network in the business." He notes that Comcast has invested extensively in its cable network infrastructure, making its technology highly sought after. However, Nispel believes Comcast should actively pursue efforts to monetize its "under-appreciated assets." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Angel Smith
The S&P 500 (^GSPC) Communication Services Sector (XLC) has gained 13% year-to-date, with stocks spanning across the tech and streaming industries. KeyBanc Capital Markets Research Analyst Brandon Nispel joins Market Domination to share his top picks within the sector.
Nispel identifies AT&T (T) as a "third-place network" in the wireless space, preferring names like Verizon (VZ) and T-Mobile (TMUS). He highlights Verizon as "a turnaround story," with the consumer business experiencing a resurgence since the appointment of a new CEO at the company. Nispel also considers T-Mobile "a top call" due to the organic growth performance of the business, stating, "You can't find that type of growth" among traditional communication services stocks.
Shifting his focus to the telecommunications industry, Nispel recommends Comcast (CMCSA)— saying the company has the "best network in the business." He notes that Comcast has invested extensively in its cable network infrastructure, making its technology highly sought after. However, Nispel believes Comcast should actively pursue efforts to monetize its "under-appreciated assets."
For more expert insight and the latest market action, click here to watch this full episode of Market Domination.
Editor's note: This article was written by Angel Smith