Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Comcast’s share price closed at $43.29, which increased by 0.93% in 24 hours. The 52-week range was $28.39 to $49.72. The market capitalization was $180.469 Billion.</a> </li> 
 <li> <span>2</span> <a>Universal Pictures, a Comcast-owned studio, had a big hit with Oppenheimer, which came out this week.</a> </li> 
</ul> 
<p>Comcast Corp. (NASDAQ: CMCSA) is riding the positive reaction to another Christopher Nolan classic – Oppenheimer. The movie had a record-breaking opening weekend in North America, earning $80.5 Million, exceeding projections. Comcast is one of the world’s second-largest media and cable companies after AT&amp;T. Comcast, which started as American Cable Systems, also owns Dreamworks and other entertainment assets.</p> 
<p>With Oppenheimer, Universal Pictures, a Comcast-owned studio, could increase its contribution to Comcast’s revenue and earnings from its content segment. The content segment made up a quarter of its net sales in 2022.</p> 
<p>Peacock, Comcast’s streaming platform, could attract more customers who want to watch Oppenheimer, which will be exclusively available on the service in late 2023 or early 2024. Peacock belongs to Comcast’s cable segment, which generated more than half of its net sales in 2022.</p> 
<p>However, Comcast’s share price could suffer if other streaming platforms offer higher bids for Oppenheimer’s streaming rights. Comcast could also lose more cable and internet customers to streaming alternatives, as it has been doing for years. Therefore, Oppenheimer’s impact on Comcast’s share price could vary, depending on the film’s long-term performance and Comcast’s ability to adjust to the evolving media market.</p> 
<h2 class="wp-block-heading" id="strong-comcast-corp-stock-financial-analysis-strong"><strong>Comcast Corp. Stock – Financial Analysis</strong></h2> 
<p>CMCSA’s revenue for the first quarter of 2023 was $29.7 Billion, down 4.3% year-over-year. However, its net income rose 8.0% to $3.8 Billion. Adjusted EBITDA grew 2.9% to $9.4 Billion, and adjusted EPS increased 7.0% to $0.92. The company generated $3.8 Billion in free cash flow and returned $3.2 Billion to shareholders through dividends and buybacks. EPS was up 16.7% to $0.91. Capital expenditures jumped 43.5% to $2.7 Billion.</p> 
<h3 class="wp-block-heading" id="strong-comcast-corp-stock-technical-analysis-strong"><strong>Comcast Corp. Stock Technical Analysis</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="464" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Comcast-Corp.-Stock-Technical-Analysis-1024x464.webp" alt="Comcast Corp. Stock Technical Analysis" class="wp-image-154078" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Comcast-Corp.-Stock-Technical-Analysis-1024x464.webp 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Comcast-Corp.-Stock-Technical-Analysis-300x136.webp 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Comcast-Corp.-Stock-Technical-Analysis-768x348.webp 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Comcast-Corp.-Stock-Technical-Analysis-750x340.webp 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Comcast-Corp.-Stock-Technical-Analysis-1140x517.webp 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Comcast-Corp.-Stock-Technical-Analysis.webp 1273w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: CMCSA Tradingview 
  </figcaption> 
 </figure> 
</div> 
<p>CMCSA stock price is in an uptrend, forming higher highs and lows. The stock price trades above the 50-day and 200-day simple moving averages (SMA), indicating bullish momentum. The moving average convergence divergence (MACD) indicator is above the zero line, but the signal line has crossed below the MACD line, suggesting a possible bearish reversal. The relative strength index (RSI) is in positive territory but declining, indicating a loss of bullish strength.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/07/11/comcast-corp-cmcsa-stock-can-oppenheimer-cause-rally/" rel="noopener noreferrer nofollow">CMCSA stock</a> reported decent results for the first quarter of 2023, with strong growth in net income and a decline in revenue. The company also generated significant cash flow and returned capital to shareholders through share repurchases and dividends. Technical analysis shows that the share is performing well. Currently, it is in an uptrend. The major indicators like RSI, MACD, and moving averages are positive about the stock.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<ul> 
 <li><strong>Support Level – </strong>The current support level is $40.91.</li> 
 <li><strong>Resistance Level – </strong>The current resistance level is $44.91.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article is only for information and education purposes. Do not use this information as financial or trading advice. Trading and investing have financial risks. Before making any investment or trading decision, consider your risk tolerance and situation.</p>

Comcast (CMCSA) Stock Analysis: What’s Oppenheimer Effect?

Table of Contents

Thecoinrepublic.com

Other articles published on Jul 25, 2023

Binance Japan Launches in August

Dogecoin Appears to be the Strongest Altcoin; Here’s When the DOGE Price May Reach $0.1

Pro-XRP attorney’s Twitter hacked to promote fake giveaways

Market Overview: Bitcoin Holds Above $29,000 as Top Cryptos See Mixed Trading

10 Best Cryptocurrency Casinos in 2023

New Announcement on Eight Altcoins from Coinbase!

Join our free newsletter for daily crypto updates!