Can Comcast Continue This Bull Run?

With shares of Comcast (NASDAQ:CMCSA) trading around $39.63, is CMCSA an OUTPERFORM, WAIT AND SEE or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:

C = Catalyst for a Stock’s Movement

Comcast is a leader in providing entertainment, information and communications products and services globally. The company focuses on offering video, high-speed internet and voice services to residential and business customers. As increasing parts of the nation and the world look to connect, Comcast is at the root of this by offering them the means to do so. In a world that is becoming more technologically dependent, Comcast is able to provide the service and infrastructure that will fuel this expansion.

T = Technicals on the Stock Chart are Strong

Comcast’s long-term price chart sees it just recently breaking out to new all-time highs. It has pulled back slightly, likely because of people taking gains on their positions, but the stock seems poised to resume its uptrend once consolidation is complete. Comcast has had an amazing run from its lows in 2009, so it may need a good breather, but the trend is intact until proven guilty…