This article is about the #1 communication services stock to buy for March 2023. Communication services stocks include companies that provide information and entertainment services, such as cable TV, satellite TV, streaming video services, internet providers, video game publishers, internet advertising, and more. Examples of communication services stocks include Comcast, Facebook, Alphabet (Google), AT&T, Netflix, and Activision Blizzard.
The #1 stock to buy for March 2023 is Comcast (CMCSA). Comcast is a media, technology, and telecommunications company. It provides cable television, internet, telephone, and home security services to both residential and business customers. Comcast’s products and services include the Xfinity TV and Xfinity Internet services, as well as the Xfinity Voice home phone service. The company also owns NBCUniversal, which operates a suite of cable television channels, broadcast television networks, and digital properties, such as the NBC and Telemundo broadcast networks and the Universal Pictures film studio.
On January 26, 2023, the business increased its dividend by $0.08 to $1.16 per share on an annualized basis, an increase of 7.4 percent from the previous year. In response to the increase, CMCSA declared a quarterly dividend on its common stock, payable to shareholders on April 26, 2023, in the amount of $0.29 per share. Dividend stocks (Comcast’s annual dividend yield is 3.14%) are so important right now as we wait out the volatility caused by inflation and Federal Reserve rate hikes. But it’s more than just the dividend.
The first live, multigigabit symmetrical internet connection powered by 10G and Full Duplex DOCSIS 4.0 was made available by CMCSA on December 12th, 2022. This technology is anticipated to significantly expand CMCSA’s product portfolio and promises to provide customers with next-level net speed and performance.
The stock has recently broken down out of its uptrend channelUptrend and downtrend channel patterns are technical analysis tools used to identify potential future price movements. They are formed by two parallel lines on a chart and can be u... so it may be just a few days to a week too early to buy but it’s a stock you should have on your watch list for a candle over candle entry.