Opinions
Jim Cramer - Mad Money
Nexstar Media Group
NXST-Q
DON'T BUY
Feb 05, 2024
$171.665
Stock price when the opinion was issued
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They will benefit from a close US election, which looks likely. NXST will receive its shares of ad dollars from both candidates, because it owns a lot of stations in the battleground states. Though up nearly 300% in the last decade, this is a trade. Revenues will likely fall after the election.
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He's uncertain about the industry that NXST is in, but confident about IBM who delivered an excellent quarter.