We interrupt your regularly scheduled edition of Schwab Sector Views to let you know about an exciting development in entertainment: Are you tired of having to subscribe to a patchwork of multiple services to see the programs you like? Are you tired of having to wait for shows to load and buffering problems? Are you tired of missing out on live sports and local news? What if I told you you could drop all that in favor of a service that bundles all of the channels you want, including live sports and local channels? It comes on instantly and allows you to seamlessly move between shows with the simple touch of a button... How lucky are we to live in a time like this?!
OK—a bit of sarcasm to make the point that despite all the talk you might hear about “cord cutting” and the changing media landscape, investors may want to think twice about dumping all the “old” media stocks from their portfolios. In fact, in some cases, much of the near-term bad news may be priced in already and could even provide some potential opportunities.
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