4 Communication Stocks To Watch For July 2021

4 Top Communication Stocks To Check Out Right Now

Communication stocks may not be the most exciting industry to invest in the stock market, but it doesn’t change the fact that it is one of the most important industries today. Given how fast technology is evolving, this has directly led to rapid improvement in the communication industry as well. Gone are the days of pen pals and losing contact with good friends from the past. In fact, the global pandemic has shown us that we could rely on communication technologies to lead our daily lives without much negative outcomes. 

The likes of Zoom Video Communications Inc (NASDAQ: ZM) have allowed many businesses and companies to function well during the pandemic. Even education was conducted through its platform as many of the schools and universities were shut down. Meanwhile, social media platforms such as Facebook, Inc (NASDAQ: FB) and Twitter Inc (NYSE: TWTR) have kept us sane by connecting us to our friends and family at all times. All these highlight the important role in which communication companies play in our daily lives. Could you imagine how life would be without them? That said, here are some of the top communication stocks in the stock market today that may interest you.

Best Communication Stocks To Buy [Or Sell] Today

Verizon Communications Inc

First, we have the telecommunication company, Verizon. Put simply, the company provides communications, information, and entertainment products and services to its customers. Most would know the company for its wireless and wireline communication services. Given how 5G is gaining traction among consumers, the company would stand to benefit from it. After all, it is the second-largest wireless carrier in the U.S. in regard to network size. 

Yesterday, the company announced that 5G Business Internet, a fixed-wireless Internet offering for businesses of all sizes, is now available in parts of 42 U.S. cities. Besides that, Verizon is also offering a credit of up to $1,500 to offset early-termination fees for eligible customers switching to Verizon from another Internet provider. Customers also need not worry about the setup as the company promises professional installation and quick application deployments from the start. 

The company certainly isn’t resting on its laurels. Ericsson (NASDAQ: ERIC) today announced a multi-year agreement with Verizon to provide its industry-leading 5G solutions. So, under this $8.3 billion agreement, Verizon will deploy Ericsson’s 5G solutions to enhance and expand Verizon’s 5G Ultra Wideband coverage, network performance, and user experience. With the company scheduled to release its earnings report next week, would it be wise to buy VZ stock ahead of time?

communication stocks (VZ stock)Source: TD Ameritrade TOS

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T-Mobile US Inc

Next, we have another top wireless communication services company, T-Mobile. In essence, it is a company that offers voice, messaging, and data services to over 100 million customers in the postpaid, prepaid, and wholesale markets. In addition, it also provides wireless devices such as smartphones, tablets, and wireless accessories. TMUS stock has been on a healthy climb over the past year. We have seen significant gains of over 40% within the period.

One way to gauge quality for consumers would be the speed of the network. Today, new data released from network intelligence provider Ookla shows that T-Mobile customers get the fastest 5G speeds. Not only that, they spend more time connected to 5G than customers on any other network. Well, speed is the name of the game for many customers as well as businesses. So, this could be an important selling point to attract customers to shift over to the T-Mobile network.

Furthermore, the company along with Lumen Technologies (NYSE: LUMN) announced that they have expanded their relationship to help government agencies. This is achieved by leveraging T-Mobile’s 5G mobile network, combined with Lumen edge computing platform, to rapidly deploy fixed wireless access at field locations throughout the U.S. This service is now part of Lumen’s General Services Administration’s (GSA) 15 year, $50 billion Enterprise Infrastructure Solutions program. All things considered, would TMUS stock be a buy now?

best communication stocks (TMUS stock)Source: TD Ameritrade TOS

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AT&T Inc

AT&T provides telecommunication, media, and technology services worldwide. The company can be divided into three segments, Communications, WarnerMedia, and Latin America segments. As the name suggests, the Communication segment provides wireless, video, and broadband services to consumers. Meanwhile, the WarnerMedia segment develops, produces, and distributes feature films, television, gaming, and other content over various physical and digital formats.

Earlier this month, the company and Google Cloud announced new solutions across AT&T’s 5G and Google Cloud’s edge computing portfolio. This includes AT&T’s on-premises Multi-access Edge Compute (MEC) solution, as well as AT&T Network Edge capabilities through LTE, 5G, and wireline. With this, it would help enterprises create new business services that were previously impossible. Now that premises are 5G-based, its customers could have better control of how they use their data at high speeds. 

Not only that, but the company also has collaborations with Microsoft Corporation (NASDAQ: MSFT) under which AT&T will move its 5G mobile network to Microsoft’s cloud. This means that its mobile network traffic will be managed by Microsoft Azure technology. This is fantastic news for its customers as it would enhance productivity and deliver large-scale network services that would meet their needs. With all these moves in place, would T stock be one for the future?

NYSE TSource: TD Ameritrade TOS

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Comcast Corporation

To sum up the list, we have the media and tech company, Comcast. The company has three primary businesses, Comcast Cable, NBCUniversal, and Sky. In essence, it operates various types of communication services that range from film entertainment to wireless, voice, and video services. Now, if trend matters for you as an investor, then CMCSA stock could be a nice fit. It has been steadily rising over the past year and has risen over 37% year-over-year. 

As we all know, the Olympics is approaching and people demand the best viewing experience. Fret not, Comcast announced on Wednesday plans to deliver an unparalleled Olympic viewing experience to all its Xfinity customers. The company will be rolling out new features on Xfinity X1, Xfinity Stream and for the first time, Xfinity Flex. All these capabilities would result in more engagement, and time spent with arguably the most anticipated sporting event of this century. 

Besides that, Comcast Business has also been awarded a 10-year, $102.8 million contract by the U.S. Defense Information Systems Agency (DISA). Comcast will provide Ethernet that will enhance connectivity, improve network performance and manage overall telecommunications costs throughout the Agency’s Defense Information Systems Network (DISN). Given these exciting developments, would CMCSA stock be a top communication stock to buy? 

NASDAQ CMCSASource: TD Ameritrade TOS

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.