Shares of Netflix (NASDAQ:NFLX) were hit hard by a federal appeals court ruling that the FCC can no longer enforce net neutrality. Without net neutrality, Internet providers like Charter (NASDAQ:CHTR), Comcast (NASDAQ:CMCSA), and Verizon (NYSE:VZ) will be able to start charging what they want for Internet speeds. This could spell disaster for companies that rely on fast Internet for streaming videos, like Netflix and Google (NASDAQ:GOOGL).
In this segment of the Motley Fool's consumer goods show, Consumer Countdown, CG analysts Michael Finarelli and Sean O'Reilly join host Mark Reeth to discuss the future for Netflix and Google, as well as what this week's ruling means for Internet providers, and which companies make for the best investments.
What happens if cable companies can't capitalize on this ruling?
You know cable's going away. But do you know how to profit? There's $2.2 trillion out there to be had. Currently, cable grabs a big piece of it. That won't last. And when cable falters, three companies are poised to benefit. Click here for their names. Hint: They're not Netflix, Google, and Apple.
Mark Reeth has no position in any stocks mentioned. Michael Finarelli owns shares of Google. Sean O'Reilly has no position in any stocks mentioned. The Motley Fool recommends Google and Netflix. The Motley Fool owns shares of Google and Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.