Millennials Aren't Watching TV. Buy These Stocks (Not Netflix) to Profit.

It's no secret that people don't watch as much TV as they used to. Millennials, in particular, are leading the way when it comes to cord-cutting and watching less broadcast television in favor of streaming services like Netflix (NASDAQ: NFLX) and Hulu.

You might think the biggest beneficiary of the trend is Netflix. As more people eschew traditional television for streaming services, the leader in the category stands to gain. But there's an entirely different industry that stands to gain billions of dollars in revenue as a result of people watching less television: internet advertising. Two companies in particular -- Facebook (NASDAQ: FB) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) -- stand to benefit the most.

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Source: Fool.com