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Jim Cramer Says He Likes These Three Communications Services Stocks for 2023




Cramer tops the worst-performing S&P 500 sector in 2022

CNBC’s Jim Cramer offered investors a list of three communications services stocks that are buys in an otherwise “untouchable” group.

The communications services sector, one of 11 in the S&P 500, includes traditional telecommunications companies, media and entertainment companies and some large Internet companies.

“In a terrible year for stocks, communications services was the worst performing group in the S&P 500, which is really saying something,” he said. “Most of them are simply untouchable, but you have my blessing to buy” T-Mobile, Disney and Netflix.

Here are his thoughts on each stock:

Cramer called the company the best wireless carrier in the country and said he believes in the stock’s ability to shoot.

Disney will turn itself around now that CEO Bob Iger has returned to the helm, he predicted.

While Netflix struggled earlier this year due to subscriber losses, the company has since seen subscriber growth and introduced an ad-supported tier to help fill the balance. “I feel better and better about Netflix,” Cramer said.

Disclaimer: Cramer’s Charitable Trust owns shares in Disney.

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