Disney+ (Plus) and the Top Streaming Stocks to Buy in 2019

The streaming space is becoming more and more competitive as Apple and Disney have now launched their streaming service. A few days ago, Disney+ announced it signed up 10 million subscribers on a single day, the first day it launched.

Amazon Prime and Netflix are also strong players with a good offering of original content. They also have the advantage of already being popular for several years. The secular trend of moving from cable to streaming still poses a big opportunity for growth and the battle to get market share is expected to become more intense.

Top Streaming Stocks

Apple (AAPL-Q)
The recent launch of Apple+ was received with mixed results but there are more original content in the pipeline. The transition from hardware to service is coming along nicely and many analysts still consider it a buy or a top pick.

Apple Inc (AAPL-Q) — Stockchase

He sold covered calls on Wednesday to ride high volatility. He did it to add some hedging as well as cash flow.

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Walt Disney (DIS-N)
Disney+ launched on November 12 to much anticipation. They reported good numbers from their Dutch test. The company can leverage their content to attract subscribers and are the best equipped to compete with Netflix.

Walt Disney Co. (DIS-N) — Stockchase

Password-sharing crackdown in the works. Happy with results this morning. Increased profitability from streaming. Struggling lower- and mid-income consumer impacting park revenues; probably a short-term concern. Phenomenal content library.

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Netflix Inc. (NFLX-Q)
One of the first largely known streaming service across the world. There are concerns of increased competition in the space and analysts are worried the company is losing its first mover advantage. Nevertheless, cable cutting trends will help Netflix gain additional subscribers.

Netflix Inc. (NFLX-Q) — Stockchase

Pretty priced to perfection. He's taken 2/3 of his position off; letting the remaining 1/3 go, as it's had a wonderful run, but putting in stops as it goes. He'd say buy it here around $880, try to get it in the low $800s, and then certainly if you see it down around $750. (Analysts’…

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Amazon.com (AMZN-Q)
A very diverse company that offers streaming through it’s Amazon Prime Video service. The subscription segment is growing and paying off, allowing them more consistent and growing revenue.

Amazon.com, Inc. (AMZN-Q) — Stockchase

12-month price target of $233. He holds ~5.5-6% position in his fund. Performed extremely well coming out of earnings. Excels because it has so many horses in the race from AWS to Other Bets to the upcoming great season for fulfillments. Don't worry about Bezos selling shares, as he still has a lot left. (Analysts’…

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Roku Inc (ROKU-Q)
A unique play in the streaming space as it acts as a conduit for several thousand different apps. It’s a volatile stock but they facilitate the move from cable to streaming.

Roku Inc (ROKU-Q) — Stockchase

He, too, had higher hopes. If you already own, consider continuing to hold. Don't add, too many headwinds. Wants to see more consistent revenue growth, improved profitability, expanded user base. Challenging space.

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Canada Streaming Movers

Cineplex Inc (CGX-T)
The company is reporting earnings today. They are diversifying away from cinema which has added to debt but helped them diversify. There is a general downward trend to the movement. However, many investors buy this stock for the dividends.

Cineplex Inc (CGX-T) — Stockchase

Volatile, avoid. Comeback in revenue since Covid. Fundamentally weak, broken down. Slightly beat on revenue, but missed earnings. Trading sideways. A big rebound would take more than the company's capable of at this point. (Analysts’ price target is $12.58)

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Shaw Communication (B) (SJR.B-T)
Its recent move into streaming weighed on Shaw due to increased competition in the wireless space as well as streaming. It pays a good dividend near 4% and is in a safer oligopolistic industry.

Shaw Communication (B) (SJR.B-T) — Stockchase

It comes down to the Rogers deal, which the street thinks will happen, but this is the fourth deadline extension. The deal has been priced into shares, so there isn't much upside. Better to buy Rogers or Telus than Shaw.

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Rogers Communications (B) (RCI.B-T)
Rogers is a diversified telecom company that also offers Anyplace TV that lets subscribers watch tv on demand. They missed on earnings and the stock price pulled back so it could be a good chance to buy it on sale.

Rogers Communications (B) (RCI.B-T) — Stockchase

Competitive industry; harder to grow revenue, especially when costs are escalating. He owns Telus.

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BCE Inc. (BCE-T)
The BCE Premium TV channel let’s customers watch sports online. They pay out a good dividend that is considered safe. They recently reported earnings that were on par with expectations.

BCE Inc. (BCE-T) — Stockchase

He did his deeper dive. He's going to sell on strength. Not willing to sell here, but he's not adding. Very discouraged by the company's recent moves.

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Quebecor Inc (B) (QBR.B-T)
Through Vidéotron, the company offers club illico that let’s subscribers stream content, mostly focusing on French Canadian content. This telco has a strong presence in Quebec and is also active in Ontario.

Quebecor Inc (B) (QBR.B-T) — Stockchase

(A Top Pick Jul 25/24, Up 8.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with QBR.B has triggered its stop at $33.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment gain of 11%, when combined with our previous guidance.  

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