May 3, 2021
6 min read
This story originally appeared on StockMarket.
Are these the best communication promotions to buy right now?
Communications stocks include some of the most prominent companies in the stock market today. These include companies from telecommunications to social media and news agencies. The communications industry has always played a key role in our daily life. This became even more apparent when we were hit by COVID-19. People were forced to work from home, and this was largely made possible by the multitude of communications services available in the industry. In addition, entertainment and streaming services expanded significantly as they attracted more users.
We need look no further than Netflix Inc (NASDAQ: NFLX) as an example. As of the end of the first quarter of 2021, the company had 207.64 million paying subscribers worldwide. This represents an increase of over 40 million subscribers since the end of 2019, before we faced the global pandemic. As with most industries, the communications sector is likely to continue to evolve as new technologies and innovations emerge. With all that in mind, here is a list of the best communication stocks to watch out for in the stock market.
The best communications promotions to look out for
DISH Network Corp
DISH Network Corporation is a holding company operating in two segments: pay TV and broadband, and wireless. The company also invests in research and development, wireless testing and wireless infrastructure. In addition, DISH is preparing to enter the wireless market as a hardware-based wireless service provider with the development of the first virtualized, stand-alone 5G broadband network in the United States. The company’s shares have grown relatively well on the stock market over the past year. … During this period, there has been an increase of almost 80%.
DISH got a huge boost last week when it announced a partnership with Amazon (NASDAQ: AMZN) Web Services to roll out 5G on a cloud provider’s infrastructure. The company is trying to become the fourth national wireless player after T-Mobile US Inc, Verizon Communications Inc (NASDAQ: VZ) and AT&T Inc (NYSE: T). Consequently, the two companies will work together to transform the way organizations and customers, including AWS and Amazon, order and use 5G services or build their own private 5G networks.
The company also released its first quarter financials on Thursday. DISH’s revenue was $ 4.5 billion, up 39.7% over the corresponding period in 2020. In addition, net income was $ 630 million, up from $ 73 million in the year-ago quarter. So with such exciting plans ahead of you, could you add a stock of DISH to your watchlist?
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Then we have a social network that needs no introduction, Facebook. The company’s products and services include Facebook, Instagram, WhatsApp, and Oculus. On the one hand, Facebook allows people to connect, share information, discover and communicate with each other on mobile devices and personal computers. On the other hand, it is a platform that can help businesses and companies grow. The company’s shares soared to an all-time high on Thursday after reporting their last impressive quarter. The stock is due to open on Monday morning trading session at $ 324.90 per share.
In the first quarter of 2021, Facebook’s revenue grew 46% to $ 25.4 billion, the highest growth in two years. Meanwhile, quarterly profit was $ 9.5 billion, up 94% from a year ago. Facebook also reported that nearly one million advertisers have used its click-through ads on Whatsapp, and over three million advertisers have used its click-through ads.
In addition, companies using the WhatsApp Business feature send over 100 million messages per day. The company focuses on commerce and messaging as it sees this area as a long-term opportunity. With such stellar results, would you consider buying FB stock?
Dolphin Entertainment Inc.
Dolphin Entertainment, Inc. is a marketing and entertainment company. In particular, the company provides strategic marketing and public services to the entertainment, hospitality and music industries. It operates across two segments: the entertainment and marketing segment and the content production segment. DLPN shares soared 13.15% during Thursday’s trading session. The company’s stock has performed relatively well over the past year, as we have seen more than 400% gains over that period.
Earlier this month, the company announced its financial results for the fourth quarter and year ended December 31, 2020. Even during the pandemic, with entertainment centers closed across the country, fourth-quarter revenue surged to $ 6.7 million. The company expects revenues to exceed $ 30 million by 2021, excluding any Dolphin 2.0 initiatives.
In March, the company signed a partnership agreement with the Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV). It will offer non-fungible tokens (NFT) that will allow sports fans to purchase exclusive content developed by HOFV and its partners. This partnership offers both companies another way to generate revenue. Given Dolphin’s current momentum, do you think DLPN is a buy?
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T-Mobile US Inc.
Last but not least, we have T-Mobile. The company is the leading wireless network operator and is behind the largest 5G network in the country. On the one hand, it has been and continues to provide consumers with the smartphone data plans they need to stay in touch with their loved ones. On the other hand, it is a key player in the fast-growing 5G industry that is expected to thrive in 2021. All of this, coupled with the growing market adoption of 5G smartphones, is really drawing attention to TMUS stock. Since the beginning of the year, the shares have been trading in a sideways trend. However, if you had invested a year ago, you would have seen profits of over 50%.
Another independent report was released Wednesday, saying that T-Mobile is providing its customers with the best 5G experience. New data from Opensignal, based on actual customer usage from millions of device measurements, shows T-Mobile to have the fastest 5G download speeds. T-Mobile 5G’s download speeds jumped by a whopping 23%, while others have barely changed since the beginning of the year.
In addition, on the same day, the company launched an LTE-based SyncUp Tracker. It looks like trackers with new options from Samsung, Apple, and now T-Mobile are trending this year. Unlike other tile-type tracking devices, SyncUp uses LTE, which means it doesn’t rely on being within a certain range of your phone to tell you where it is. Could these new advances take TMUS stock to the next level again?