10 Best Marketing Stocks to Buy Right Now

1.  Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)

Number of Hedge Fund Investors: 31

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) is an out-of-home advertising company that provides advertising services through billboards, including bulletins and posters, as well as spectaculars, which are customized display structures with videos, multi-dimensional lettering and figures.

The third quarter revenue increased by 6.1% y-o-y on a constant currency basis with CCO bagging a 15-year contract for roadside advertising in zones controlled by the New York MTA. Another recent deal concluded involves a 10-year partnership with Huntsville-Madison County Airport Authority. CCO is looking to boost its digital expertise in a bid to improve the outreach of its clients. It has also offloaded its Europe-North business which will provide it the necessary cash to repay its debt and at the same time enable CCO to focus on its growing segments like America and Airport. A higher order from Port Authority of New York and New Jersey airports along with greater demand for digital and printed billboards have led to higher-than-expected revenues for these segments.

While we acknowledge the potential of CCO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than CCO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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