Today we will take a look at NASDAQ:CMCSA stock. This company will benefit from the infrastructure bill signed in November. I have covered this in my YouTube video. I would expect company's earnings to reflect the benefits later in 2022.
Where are we at now?
Stock is currently trading at November 2020 level. It has gone down 25% since its top in August, which is quite a lot for such a conservative stock.
What happened?
Stock price met a worthy demand at 46 level and bounced nicely. I consider the area of 48.6 - 48.6 to represent great demand zone; thus, a good accumulation area.
What's next?
With this play expect a half-year to full year hold with additions on key levels. I would not trade this stock for a short-term gain.
Please let me know your thoughts on this.
Trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise.