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Comcast's Stellar Q4 Performance: Peacock Takes Flight Comcast Corporation ( NASDAQ:CMCSA ) has delivered a standout performance in its fourth-quarter earnings, exceeding analyst expectations and showcasing robust growth in key segments. The company's net income of $3.26 billion or 81 cents per diluted share surpassed consensus estimates, driven by the stellar performance of its Peacock streaming services and a remarkable 12.2% increase in theme park revenue. We delve into the key factors that contributed to Comcast's success and explore the implications for investors. Peacock's Soaring Success: One of the standout stars in Comcast's ( NASDAQ:CMCSA ) Q4 report is its Peacock streaming platform, which reported quarterly revenue surpassing $1 billion for the first time. The platform added a substantial 3 million subscribers during the quarter, underlining its growing popularity among consumers. This achievement not only solidifies Peacock's position in the highly competitive streaming landscape but also bodes well for Comcast's ( NASDAQ:CMCSA ) digital future. The company's strategic focus on content creation and distribution is evidently paying off, as evidenced by Peacock's stellar performance. Theme Park Triumph: Comcast's ( NASDAQ:CMCSA ) theme parks experienced a remarkable surge in revenue, climbing 12.2% year-over-year. A significant contributor to this success was the opening of Super Nintendo World in Hollywood, drawing in crowds and boosting overall park attendance. The theme park business, often sensitive to economic fluctuations, showcased resilience in the face of challenges, proving to be a valuable revenue driver for Comcast ( NASDAQ:CMCSA ). Investors are likely to be pleased with the sustained growth in this segment, as it adds a layer of diversification to Comcast's ( NASDAQ:CMCSA ) revenue streams. Dividend Hike and Share Repurchase Program: Adding to the positive news, Comcast ( NASDAQ:CMCSA ) announced a dividend increase of $0.08, marking a 6.9% year-over-year growth to $1.24 per share on an annualized basis for 2024. This move reflects the company's confidence in its financial health and outlook. Shareholders are set to benefit from the increased dividend, potentially attracting income-oriented investors. Furthermore, Comcast's ( NASDAQ:CMCSA ) Board of Directors approved a new share repurchase program authorization of $15 billion, effective from January 26, 2024. This sizable authorization underscores the company's commitment to returning value to shareholders and its confidence in its future cash flow generation. Share buybacks can be seen as a positive signal, often indicating that the company's leadership believes its stock is undervalued. Conclusion: Comcast's ( NASDAQ:CMCSA ) robust Q4 performance, buoyed by the success of Peacock and theme parks, positions the company favorably in the media and entertainment landscape. The dividend hike and the substantial share repurchase program further underscore Comcast's commitment to shareholder value. As the company continues to navigate the evolving digital landscape and leverage its content creation capabilities, investors may find Comcast ( NASDAQ:CMCSA ) to be an attractive proposition for both growth and income in the coming quarters.
NASDAQ:CMCSALong
by DEXWireNews
EOY Review $CMCSA inside year, momo hammer quarterNASDAQ:CMCSA that momo hammer on the quarter looks promising, but these type of candles can easily reverse and when it does, it typically drops back quickly the inside year tells me to wait for further clues first before taking trades hence, no long or short (bias) for me on this one yet obviously, when that hammer high on the quarter gets taken out and price continues to move up, the overall picture improves, with the '23 and '22 highs as important pivots
NASDAQ:CMCSA
by RobinsOptions
COMCAST Pullback ain't over yet. See where to buy.Despite the impressive six day rally after its Earnings gap down, Comcast has been rejected on the LH trendline without managing to cross over the 1D MA50. With the 1D MACD on a Bullish Cross though and the 1D technical outlook slightly bearish (RSI = 44.968, MACD = -0.620, ADX = 24.974), we expect a 0.618 Fibonacci pullback in a similar manner as November 3rd 2022 and March 24th 2023. Our medium term target is R1 (TP = 47.35). See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:CMCSA
by InvestingScope
COMCAST Hit our long-term target. Expecting a pull-back.It has been a worthwhile wait on our previous COMCAST (CMCSA) buy signal (see chart below) that we gave on April 28, but it finally hit the $44.00 target today: The trend is unchanged within the Channel Up pattern since the October 13 2022 bottom, but as the 1D RSI turned extremely overbought (above 70.00), it gives a sell signal since every overbought break-out delivered a pull-back towards the 1D MA50 (blue trend-line) at least. The 1D MA50 is currently on the 0.382 Fibonacci retracement level (from the ATH) and moving parallel to the bottom (Higher Lows trend-line) of the Channel Up. We project the pull-back to be within 43.50-42.50. After that, our buy target will be Resistance 1 at 48.50. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:CMCSAShort
by TradingShot
1
CMCSA DCA - Cup and HandleCompany: Comcast Corporation Ticker: CMCSA Exchange: NASDAQ Sector: Communication Services Introduction: Greetings, and welcome to today's technical analysis. We're focusing on the daily chart of Comcast Corporation (CMCSA), highlighting a bullish reversal pattern known as a cup and handle that has formed over 294 days. Cup and Handle Pattern: The cup and handle pattern is often a bullish continuation or a bullish reversal signal and is characterized by a 'U' shape (the cup) followed by a smaller, downward drift (the handle). The formation is complete when the asset's price breaks above the resistance line marking the top of the handle. Analysis: Comcast Corporation's price was previously in a downtrend, denoted by the blue diagonal resistance line. This downward movement appears to have been interrupted by the cup and handle pattern. The horizontal resistance line of this pattern is located at $40.94, with the price currently having a second breakthrough. Notably, the 200 EMA is above the price, suggesting a bullish market environment. Upon a successful breakout, the projected price target is $53.50, offering a potential rise of 30.70%. Therefore, a long position might be considered. Conclusion: The daily chart of Comcast Corporation presents an interesting scenario, with the formation of a cup and handle pattern suggesting a potential bullish reversal. With the successful breakout above the pattern's resistance this presents an opportunity for a long position. As always, please bear in mind this analysis does not constitute financial advice. It's vital to conduct your own research and consider risk management strategies when investing. If you found this analysis insightful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
NASDAQ:CMCSA
by KarimSubhieh
CMCSA, 10d+/-14.30%falling cycle -14.3% more than 10 days. ================================================================================================================================================================== This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
NASDAQ:CMCSAShort
by Tonyder
Comcast crashing hard. CMCSAAnd this is not even after a coke binge or an overdose of something that seemed like a good idea at the start of the party. This one is heading the way that the whole market is generally heading right now. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NASDAQ:CMCSAShort
by Rykin_Capital
Comcast casting another downfall. CMCSAGoals 44, 42, 41. Invalidation at 50 . We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NASDAQ:CMCSAShort
by Rykin_Capital
1
Comcast (NASDAQ: $CMCSA) Wicks Thru 0.786 Fib! 🕯️Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services. The Media segment operates NBCUniversal's television and streaming platforms, including national, regional, and international cable networks, the NBC and Telemundo broadcast, and Peacock networks. The Studios segment operates NBCUniversal's film and television studio production and distribution operations. The Theme Parks segment operates Universal theme parks in Orlando, Florida; Hollywood, California; Osaka, Japan; and Beijing, China. The Sky segment offers direct-to-consumer services, such as video, broadband, voice and wireless phone services, and content business operates entertainment networks, the Sky News broadcast network, and Sky Sports networks. The company also owns the Philadelphia Flyers, as well as the Wells Fargo Center arena in Philadelphia, Pennsylvania; and provides streaming service, such as Peacock. Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania.
NASDAQ:CMCSALong
by Bullishcharts
1
Nearing the Neckline of the 2020 Market Collapse BottomThe "neckline" of the bottom after the market collapse of 2020 is very strong support as the selling at this juncture was a panic mode due to the pandemic economic lockdown. Stocks collapsed beyond fundamental levels at that time. This support level is going to thwart downside action for many stocks near this area. This kind of pattern warns of the impending end to heavy selling down. So, many stocks should develop a bottom around this level. Example: The neckline of the 2020 bottom formation for CMCSA is at 39.49. But this is NOT confirmation of an entry point yet. Best to wait for a breakout of the current basing action. Bottom formations can take a while to build sufficient buying energy to move up sustainably.
NASDAQ:CMCSA
by MarthaStokesCMT-TechniTrader