Comcast
CMCSA
Amid this financial backdrop, CMCSA stock has seen little change, moving slightly from levels of $50 in early January 2021 to around $45 now, vs. an increase of about 15% for the S&P 500 over this roughly 3-year period. Overall, the performance of CMCSA stock with respect to the index has been lackluster. Returns for the stock were -4% in 2021, -31% in 2022, and 27% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 14% in 2023 – indicating an underperformance for the ticker in 2021 and 2022. In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for other heavyweights in the Communication Services sector including GOOG, META, and TMUS, and even for the megacap stars TSLA, MSFT, and AMZN. In contrast, the Trefis High Quality Portfolio, with a collection of 30 stocks, has outperformed the S&P 500 each year over the same period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride as evident in HQ Portfolio performance metrics. Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could CMCSA face a similar situation as it did in 2021 and 2022 and lose value over the next 12 months – or will it see a strong jump?
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