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Comcast Corporation (CMCSA) [hlAlert]

Rating:
Buy CMCSA
up 143.96 %

Barron's Favorite Stocks for 2012 - Comcast

Posted on: Thursday,  Jan 3, 2013  1:28 AM ET by Barron's favorite stocks for 2012

Barron's favorite stocks for 2012 rated Buy Comcast Corporation (NASDAQ: CMCSA) on 12/12/2011, when the stock price was $23.27.
Since then, Comcast Corporation has gained 143.96% as of 01/04/2016's recent price of $56.77.
If you would have followed this Barron's favorite stocks for 2012's recommendation on CMCSA, you would have gained 143.96% of your investment in 1484 days.

Comcast Corporation is a provider of cable services, offering a variety of entertainment, information and communications services to residential and commercial customers. As of December 31, 2008, its cable systems served approximately 24.2 million video customers, 14.9 million high-speed Internet customers and 6.5 million phone customers, and passed over 50.6 million homes in 39 states and the District of Columbia. It operates in two segments: Cable and Programming. The Cable segment, which generates approximately 95% of the Company?s consolidated revenue, manages and operates cable systems in the United States. The Cable segment also includes the operations of its regional sports networks. The Programming segment consists of its national programming networks, including E!, Golf Channel, VERSUS, G4 and Style. In June 2009, the Company acquired from Hearst its 50% interest in New England Cable News (NECN). Comcast owns 100% of NECN.

After a volatile year, stocks are heading into the homestretch about where they began. The benchmark Standard & Poor's 500 Index finished the week at 1255, within a percentage point of where it started the year. The Dow Jones Industrial Average is up 5% in 2011, largely reflecting the strength of a single stock, IBM (ticker: IBM), which has risen 32% to 194 and dominates the price-weighted index owing to its lofty absolute share price. Most equity strategists are optimistic at best about 2012. They're worried that earnings growth and strong corporate balance sheets will be offset, in investors' minds, by the tough economic backdrop and the European debt crisis. Barry Knapp, Barclays Capital's chief market strategist, recently set an S&P 500 target of 1330, 6% above Friday's close. He expects a "difficult" first half followed by a second-half rally. The important offset to the economic and political situation is valuation. U.S. stocks look reasonably priced, especially with 10-year Treasuries yielding 2% and short-term rates near zero. The S&P 500 is valued at 13 times projected 2011 profits and about 12 times next year's projected earnings. Bulls cite the combination of attractive valuations and super-low rates. "I feel like a kid in a candy store…I don't know where to begin," said Joe Rosenberg, chief investment strategist at Loews, told Barron's in last week's interview ("The Best Opportunities in a Half-Century," Dec. 5). Rosenberg is partial to a range of blue-chip stocks.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/12/2011 4:00 PM Buy
1 year
23.27
as of 8/27/2015
1 Week down  -3.48 %
1 Month down  -6.56 %
3 Months up  0.40 %
1 YTD up  9.23 %

(*) Stock Price at the time of the recommendation.
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