Media stocks, including Comcast (CMCSA), have been on a hot run as of late. The cable and telecom giant and parent company of media powerhouse NBCUniversal, has been trending upwards in recent months. Much of this is due to the overall stock market “melt-up”, but its exposure to the video streaming sector has played a role as well. With the launch of NBCUniversal’s Peacock service, the company now has its own contender in the “streaming wars.” A few years back, it seemed tech names like Netflix (NFLX) would dominate this space, but the legacy media conglomerates have aggressively moved into this area.
https://www.tipranks.com/news/article/comcast-may-have-more-upside-ahead-with-earnings-set-to-surge-in-2022