With a variety of media stocks trading at their highest valuation in months, CNBC asked some top portfolio managers if this momentum will continue and, if so, where they are putting their money.
David Pearl, co-chief investment officer of Epoch Investment Partners, likes Comcast. He believes Comcast is undervalued "because they have diversified from being a distributor cable company to really being an owner of content."
Even though media stocks have come back up lately, many are still selling at discounts in the market, and Time Warner is a discount.John Maloneychairman and CEO of M&R Capital Management
Plus, he pointed out, "NBC happens to have the Olympics coming in this season, so it is very timely to own this stock, and we think they're very well hedged relative to many of their competitors."
John Maloney, chairman and CEO of M&R Capital Management, said he likes Time Warner.
"Even though media stocks have come back up lately, many are still selling at discounts in the market, and Time Warner is a discount," Maloney said. "The [Time Warner] stock has a very reasonable multiple of earnings."
Disclosure: Comcast is the owner of NBCUniversal, the parent company of CNBC and CNBC.com.
Portfolio manager disclosure: The following stocks mentioned or intended to be mentioned on CNBC's Portfolio Perspective video segment:
John Maloney owns Time Warner (TWX).
David Pearl owns shares of Comcast (CMCSA)
— By CNBC.com staff
