Why Comcast, Roku and Warner Music Exited Earnings Season With Improved Investor Sentiment

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Wall Street analysts make their picks for which companies are best positioned for the second half of this year.

The expert also noted other changes in investors’ feelings towards key stocks, but they aren’t quite something to call home about. “Disney sentiment has gone from terrible to just kinda bad, and it’s a similar swing for Warner Bros. Discovery [and] Paramount Global,” Cahall argued. “Spotify and Nexstar have seen perhaps the biggest sentiment changes to the downside, due to views on margin expansion and guidance, respectively.

Cahall argues that the more bullish investor outlook on Comcast and Roku following their respective earnings updates and conference call commentary makes sense. “If there was a maxim this cycle, it was that stocks mostly follow earnings revisions,” the Wells Fargo analyst explained. “Downward revisions included mostly ad-centric stocks .”

 

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