FOX - 1 Growth Stock Down 15% to Buy Right Now
2023-05-30 05:25:00 ET
Fox (NASDAQ: FOX) is the media company formed from the parts that Walt Disney did not take when it acquired 21st Century Fox in 2019. And while Fox no longer controls brands such as The Simpsons and Avatar , it is still a notable player in other areas of the home entertainment space.
Fox's stock is currently trading around $28 a share -- down from approximately $33 in February of this year. But with some interesting things happening in cable and streaming, there are some key reasons investors may want to take a look at Fox's stock. Let's break it down.
Subscription video on demand (SVOD) is increasing in popularity every year, but cable and satellite services -- while notably diminished -- are still watched by some 56% of Americans. Part of pay TV's resiliency is its entrenched position as an outlet for live news and sports coverage.
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1 Growth Stock Down 15% to Buy Right Now