The next pick that experts think you should tune into in 2013? Good ol’ cable company Comcast (NASDAQ:CMCSA).
USA Today: “Cable TV stock to flourish thanks to price momentum, ratings gains at NBCUniversal, traction for Xfinity brand, double-digit cash flow and profit growth, as well as dividend hikes and stock buybacks.”
Kiplinger: “Comcast is the nation’s biggest cable operator and the owner of NBCUniversal and its TV, movie and theme-park businesses. As the number of broadband Internet subscribers increases, Comcast is emerging as one of the most adept players on the changing telecom scene. Earnings are expected to rise 16% in 2013; for that kind of growth, the stock’s P/E of 17 is modest.”
Bank of America: “Comcast has been on fire for 2012 and the pick here was based in part on the new revenue streams from NBC. Shares have risen more than 50% from the lows to $36.88 as the 52-week range is $22.37 to $37.96. What stands out here is that Comcast now has a market cap of $98 billion. The cable giant also has a dividend yield of 1.8%.”