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Quarter-End Insights

Tech & Telecom: Cord-Cutting and Programmatic Advertising Trends Continue

The sector looks fairly valued overall, but there are still opportunities for selective investors.

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  • Secular growth drivers abound across the tech media and telecom industries, but even despite growing tech spending, some legacy firms are stuck in neutral. The sector looks fairly valued, and we'd be selective.
  • Even with the evolution of the television bundle, there's still plenty of profit in couch potatoes for wide-moat media firms.
  • The programmatic advertising wave is still surging.
  • Telecom merger rumors continue to swirl in Europe, but don't get excited.

Peter Wahlstrom does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.