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The Internet streaming video market is exploding, but the best stocks to buy here are not the most obvious.
We're at the dawn of a new era of television. Consumers – especially those under 30 – spend less and less time watching cable TV. Instead they watch streaming video over the Internet, usually on a mobile device like a tablet or smartphone.
"Amazon I wouldn't touch with a 10-foot pole," Fitz-Gerald said on the FOX Business program "Varney & Co." yesterday (Monday). "The company exists because there was no competition. But that's changing as people like Microsoft and Google eat into their margins and into their business."
And he said he'd only go with Netflix "on a long-term basis."
Instead, Fitz-Gerald recommends online content delivery companies.
The stocks to buy now are companies that "hold data in the cloud, things that touch the data that's actually going on to those portable devices we all like," he said.
For the two content delivery stocks to buy on Fitz-Gerald's recommend list, click on the video below.
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