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Streaming giant Netflix (NASDAQ:NFLX) reported fourth-quarter earnings on Thursday, Jan. 17, which were largely better than expected. Although revenues missed, the company beat everywhere else it mattered. Earnings topped expectations. Subscriber growth came in ahead of expectations. The guide was pretty strong. Overall, the report was rock solid, yet Netflix stock dropped 4% following earnings.
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As the U.S. markets further stabilize, I consider three telecom stocks in particular to be good stocks to buy for a diversified portfolio: Vodafone (NASDAQ:VOD), Verizon (NYSE:VZ) and AT&T (NYSE:T). While analysts debate what is next for telecom stocks and whether a global recession is around the corner, I am in the cautiously optimistic bull camp for the coming months.
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