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Jim Cramer says he likes these 3 communication services stocks for 2023

Key Points
  • CNBC’s Jim Cramer offered investors a list of three communications services stocks that are buys in an otherwise “untouchable” group.
  • The communication services sector, one of 11 in the S&P 500, includes classic telecommunications companies, media and entertainment companies and some large internet companies.

In this article

Cramer goes over the S&P 500 sector that performed the worst in 2022
VIDEO3:2503:25
Cramer goes over the S&P 500 sector that performed the worst in 2022

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

The communication services sector, one of 11 in the S&P 500, includes classic telecommunications companies, media and entertainment companies and some large internet companies.

"In an awful year for stocks, communication services was the worst group in the S&P 500, which is really saying something," he said. "Most of them are just plain out untouchable, but you've got my blessing to buy" T-Mobile, Disney and Netflix.

Here are his thoughts on each stock:

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Cramer called the company the best-performing wireless carrier in the country and said he's a believer of the stock's ability to soar.

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

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While Netflix struggled earlier this year due to subscriber losses, the company has since seen growth in subscriber numbers and introduced an ad-supported tier to help pad its balance sheet. "I'm feeling better and better about Netflix," Cramer said.

Disclaimer: Cramer's Charitable Trust owns shares of Disney.

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