Top 5 Stock Picks of Amy Minella’s Cardinal Capital

1. Nexstar Media Group, Inc. (NASDAQ:NXST)

Cardinal Capital Management’s Stake Value: $171 million

Nexstar Media Group, Inc. (NASDAQ:NXST) is a television broadcasting and digital media company. It is focused on the acquisition, development, and operation of television stations and interactive community websites and digital media services.

Richie Capital Group, an investment management firm, published its first-quarter 2022 investor letter and mentioned Nexstar Media Group, Inc. (NASDAQ:NXST). Here is what the fund said:

“Nexstar Media Group (NXST up 24.8%) – The television broadcasting and digital media company surged during the quarter after presenting at an investor conference where management pointed to a strong 2022 for both political advertising and retransmission. They have exposure to more than 80% of markets with competitive mid-term political races. NXST is developing new ad categories such as sports betting and they are focused on expanding digital ad revenue and providing digital solutions to local advertisers. Auto advertising will return in the fall as auto dealerships re-enter the market to sell their replenished inventory.”

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