That little tidbit has some of the most widely followed media analysts very excited -- we're talking guys like Barclay’s Anthony Diclemente. He tells Fast Money, “it’s getting easier for media consumers to access content via downloads.. and the recession may be accelerating that shift.”
What’s the trade?
Our team view at Barclays is that we like Google, Netflix and Apple “because they have direct access to consumers," counsels Diclemente. "Old media models and dying and new distribution models are winning.”
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Trader disclosure: On Jan. 27th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (BAC), (EEM), (F), (FXI), (VIP); Seymour Is Short (SNE); Seymour's Firm Owns (MBT), (TRC); Finerman's Firm Owns (DNA) & (DNA) Call Spread; Finerman's Firm Owns (MSFT), (UNH); Finerman's Firm Is Short (IYR), (IJR), (IWM), (MDY), (SPY), (ANF), (COF), (USO), (TBT); Terranova Works For (VRTS); Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO; Terranova Owns (XBI), (DIS), (AMGN), (FCX); Terranova Owns (IBM) & (IBM) Call Spread; Najarian Owns (EEM) Call Spread; Najarian Owns (BMY) CAll Spread; Najarian Owns (FCX) & (FCX) Short Calls; Najarian Owns (GE) Put Spread; Najarian Owns (MSFT) & (MSFT) Short Calls; Najarian Owns (MS) & (MS) Short Calls/Put Spread; Najarian Owns (YHOO) Call Spread
Diclemente Is Long (DISCA); Diclemente Is Short (DIS), (CBS)
-Barclays Capital and/or Lehman Brothers Inc. and/or one of their affiliates has received compensation for investment banking services from Time Warner in the past 12 months.
-Barclays Capital and/or Lehman Brothers Inc. and/or one of their affiliates has received non-investment banking related compensation from Walt Disney Co., CBS Corp., and Time Warner within the last 12 months.
-Walt Disney Co., CBS Corp, Viacom Inc., and Time Warner are or during the past 12 months have been investment banking clients of Barclays Capital and/or Lehman Brothers Inc. and/or one of their affiliates.
-Walt Disney Co., CBS Corp., and Time Warner are or during the last 12 months have been non-investment banking clients (securities related services) of Barclays Capital and/or Lehman Brothers Inc. and/or one of their affiliates.