Comcast (CMCSA) is among the few cable and media sectors to buy. Unlike Verizon Communications (VZ), Warner Bros (WBD), or Sony (SONY), CMCSA stock consolidated at between $38 - $40. The stock broke out recently to close last week at $43.56. The stock’s valuation at a 12 times P/E is compelling.
In the third quarter, Comcast posted a 1.9% decline in earnings per share of $1.06. Its challenges include viewership losses in the traditional cable and broadcasting segment. CMCSA stock may rebound if the movie and studio business recovers.
Roblox (RBLX) broke out last week from $40 to above $50. The gaming platform for the young audience posted Q3 revenue of $1.13 billion. This is up 34.44% Y/Y.
Roblox introduced price optimization for developers. By adjusting prices (higher or lower), it is driving revenue growth for individual developers. This depends on the gaming developer.
In the credit card sector, Mastercard (MA) is an attractive investment. U.S. transaction volumes increased in the third quarter. Consumers are spending at healthy levels, and spending patterns in October suggest that this pattern will continue for this quarter.
Employment remains strong and interest rates are on the way down. This should give MA stock a lift as shareholders anticipate another strong quarter.
