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Jim Cramer recommends three media stocks that could do well in the run-up to the election

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CNBC’s Jim Cramer on Wednesday pointed to three media stocks poised to do well as the presidential race tightens.

CNBC's Jim Cramer on Wednesday pointed to three media stocks poised to do well as the presidential race tightens: Fox, The New York Times and Nexstar.

"As much as I really do loathe talking politics on the show, I think the suddenly close election gives you an opportunity to try to profit from some of the media stocks that are about to be inundated with both viewers and political ad dollars," he said. Cramer also recommended The New York Times, saying a close election or a win by Donald Trump would boost the stock. He suggested the former president drove more news engagement and helped boost the Times' subscriber growth. Shares of the media company rallied more than 338% from Election Day in 2016 to President Joe Biden's inauguration in 2021, according to FactSet.

 

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