Search a ticker

Categories
Communications Stocks Investing Stocks to Watch

2 Top Communication Stocks To Buy In August?

Is Now The Time To Buy Communication Stocks?

communication stocks to buy

Are These Top Communication Stocks On Your August Watchlist?

Communication stocks generally refer to companies that focus on digital services. This could be anything from video creation, e-commerce, video games, television, and more. Digital services have become more relevant in recent times because of the ongoing pandemic. So many top communication stocks have been able to survive much better than other sectors. Numerous communication stocks have reached new heights in the market or come close.

Investors have been looking at a variety of different communication stocks since the pandemic began. One of the companies we are going to look at in this article is a video game creator. Video game stocks have been on the rise for a while in society, and the pandemic has boosted that. Television is also being watched much more than it normally would be.

All of these are contributors to the rise of communication stocks in recent months. There is countless good communication stocks to have a look at in the market. This ever-growing sector is showing lots of good momentum in recent times. Now it is time to look at two communication stocks that are trending in the market as August 2020 comes to a start.

Read More

Top Communication Stocks To Buy [Or Sell] In August 2020: HUYA

The first communication stock to discuss is HUYA Inc. (HUYA Stock Report) due to its rise after the pandemic started. HUYA was founded in 2014 and is a China based company. HUYA focuses on video game live streaming platforms in China. Its services allow streamers and viewers to interact with each other. People can stream any games whether its computer, console, mobile, and more. One of its subsidiaries is Nimo TV, which is a game streaming platform used in Southeast Asia and Latin America. The company additionally advertises and runs marketing services too.

The price of HUYA stock was at around $20 a share back in February before things turned bad in the world. There was a dip of HUYA stock price in March that brought it down to around $12 a share on average. Well as of August 5th, HUYA stock has now reached $27.67 a share on average. This places HUYA stock price 130.58% higher than its low back in March. On August 4th, HUYA stock was at $25 a share on average.

When the 5th came around, Tencent announced that it wants Huya and DouYu, another streaming platform, to merge. That is why HUYA stock rose by more than $2 overnight. Tencent (TCEHY Stock Report) has more than a one-third stake in both of the live streaming platforms. A merger like this could create a lot of momentum for HUYA stock. That is why HUYA stock is a potential communication stock to buy.

[Read More] Looking or Gold Mining Stocks To Buy? 2 To know This Month

Top Communication Stocks To Buy [Or Sell] In August 2020: Charter Communications

The next communication stock to watch is Charter Communications Inc. (CHTR Stock Report). Charter Communications focuses on telecommunication and mass media. Charter has become the second largest cable TV company in the United States based on subscribers. Charter Communications is also the fifth largest telephone provider based on subscriber counts. The company has managed to be the third largest paying TV operator as well. Charter managed to bring in more than $43 billion in revenue back in 2018.

On July 30th, CHTR stock price was at around $563 a share on average. Since then, CHTR stock has increased more than 6% to $599 a share on average as of August 5th. This comes after Charter announced a gain in video subscribers that shocked analysts. Before this pandemic struck CHTR stock price was at $539 a share on average. Then CHTR stock fell down to $371 a share at a low point in March.

Bottom Line

The recent increase in CHTR stock price has shown investors that it could be a viable communication stock to watch. The same goes for HUYA stock, which is performing very well in the market. If these communication stocks are able to keep up this momentum then investors will potentially make a profit. That is why CHTR stock and HUYA stock are two potential communication stocks to buy going into August 2020.

By Jonathan Phillip

Jonathan Phillip is an up and coming financial contributor in the stock market today. He's found a strong niche in writing about true growth industries. His main focus for the last 5 years has been on the cannabis industry and marijuana stocks. He is one of the top contributors to cannabis media outlets like MarijuanaStocks.com. He also is head of social media management for StockMarket.com.

Since an early age, Jonathan has been an active member of the cannabis culture. Coming from Miami, Florida, he's been able to identify emerging trends in the space including the emergence of cannabis derivatives, vapes, e-liquids, wax, and more. His ability to identify emerging niches has afforded him the ability to source valuable information from top industry names.

Jonathan has also managed to build a strong social media presence for companies. He has worked with hundreds of public companies to develop a digital presence. As an active blogger and social media influencer, his focus is on lifestyle segments of the market. You can find Jonathan reporting on anything from industry conferences and investor events to corporate disclosures and cannabis market movers.

Since the early days of marijuana companies going public, Jonathan has made it a point to find information before the crowd. The main target of his writing is on undiscovered or under-researched companies that could hold true, lasting market potential. Through his research, Jonathan has managed to be one of the early writers to identify the opportunity of cannabis over other things like alcohol and he was one of the first reporters to cover the multi-billion dollar deals that materialized in 2017 and 2018. He has also covered the emergence of multi-state operators in the U.S. after Canada paved the way in late 2018 and 2019 for legalization in North America.

Jonathan is also an active member of the underground hip-hop scene. He has worked with some of the biggest names in the rap community while also gaining valuable insight from top producers and business moguls focused on moving brands forward. In his free time, Jonathan builds social communities and continues to hone his skills as a leading financial writer.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments