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Verizon, Netflix and Two Other Media & Telecom Stocks to Buy

Credit Suisse's Doug Mitchelson initiated coverage on a slew of media and telecommunications stocks on Wednesday, through the lens of how companies will survive in the sectors' rapidly changing competitive landscapes. First the wireless providers: 5G is of course the big catalyst for these stocks, although Mitchelson warns that they face the costs first, with revenue later. As such, he sees " select opportunities for higher returns if costs, capex and capital are managed well." His Outperform-rated stock is Verizon Communications (VZ), while he rates AT&T (T) at Underperform.