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 Equity Research Analyst Brandon Nispel joins Yahoo Finance Live to share his top picks within the sector.
Nispel identifies AT&T (T) as a "third-place network" in the wireless space, prefering 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 at 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 their technology highly sought after. However, Nispel believes that Comcast should actively pursue efforts to monetize their "under-appreciated assets."
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