FOXA

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Netflix, Roku and Sirius XM have been highlighted in this Industry Outlook article.

Fox Corp (NASDAQ:FOXA) is expected to report stronger fiscal fourth quarter results, supported by robust World Cup viewership, improving news ratings and continued momentum at streaming platform Tubi, according to UBS analysts. The firm raised its earnings estimates ahead of Fox's upcoming report, forecasting fiscal fourth-quarter EBITDA of approximately $1.02 billion, up 9% from a year earlier and above its previous estimate of $1 billion and the Visible Alpha consensus estimate of $975 million.

Radio and television broadcast companies like NFLX, FOXA, ROKU and SIRI benefit from higher content consumption and steady digital viewing despite intense competition for ad revenues.

The media and entertainment sector is undergoing a terminal consolidation phase, completely altering how capital flows through the sector. Investors chasing unverified buyout rumors learned a harsh lesson when speculative chatter surrounding Lionsgate Studios Corp. NYSE: LION and Netflix, Inc. NASDAQ: NFLX collapsed overnight.

The media and entertainment sector is undergoing a terminal consolidation phase, completely altering how capital flows through the sector. Investors chasing unverified buyout rumors learned a harsh lesson when speculative chatter surrounding Lionsgate Studios Corp. NYSE: LION and Netflix, Inc. NASDAQ: NFLX collapsed overnight.

The streaming device maker's smart TV platform distributes to more than 100 million households.

Legacy media faces a structural crisis that cannot be solved by simply greenlighting better television shows. Owning premium content means very little if a network does not control how that content physically reaches viewers.

Fox agreed to buy Roku for $22 billion this week, giving the legacy media company a new position in the streaming wars. Analysts were surprised by the deal, as it arguably pivots Fox into a new strategic direction.

The streamer, home to "Stranger Things," "Bridgerton" and "The Crown," is increasingly showing up in the marketplace for giant deals, marking a strategic shift for the company, which has preferred to build versus expand via acquisition.