$14 Billion Presidential Ballot — An Investor's Golden Ticket: Stocks Dance With 2024's Political Theater
Portfolio Pulse from AJ Fabino
The 2024 presidential elections are expected to trigger a surge in political advertising spend from $2.5 billion in 2020 to $14 billion. This presents an opportunity for investors in media stocks. Stocks that stand to benefit include Sinclair Inc (NASDAQ:SBGI), Nexstar Media Group Inc (NASDAQ:NXST), Comcast Corporation (NASDAQ:CMCSA), and Paramount Global (NASDAQ:PARAA) (NASDAQ:PARA).
August 21, 2023 | 4:52 pm
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POSITIVE IMPACT
Comcast Corporation could benefit from the projected increase in political advertising spend due to the 2024 presidential elections.
With NBCUniversal under its belt, Comcast Corporation is set to gain from the increase in political ad spend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nexstar Media Group Inc could see a boost from the projected increase in political advertising spend due to the 2024 presidential elections.
As the largest TV station operator in the U.S., Nexstar Media Group Inc is well-positioned to benefit from the increase in political ad spend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Paramount Global could benefit from the projected increase in political advertising spend due to the 2024 presidential elections.
As a major player in the broadcasting arena, Paramount Global's ViacomCBS will likely see tailwinds from the increasing ad budgets.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Paramount Global could benefit from the projected increase in political advertising spend due to the 2024 presidential elections.
As a major player in the broadcasting arena, Paramount Global's ViacomCBS will likely see tailwinds from the increasing ad budgets.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Sinclair Inc could benefit from the projected increase in political advertising spend due to the 2024 presidential elections.
As one of the largest TV broadcasting entities in the U.S., Sinclair Inc is well-positioned to benefit from the increase in political ad spend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80