Comcast Shares Jump Ahead of Earnings Tomorrow A.M.

Comcast (CMCSA) shares are up sharply today ahead of the company’s announcement of third quarter results before the opening bell tomorrow.

The Street is looking for revenue of $8.59 billion and profits of 22 cents a share.

Credit Suisse analyst Spencer Wang today picked up coverage of the cable and satellite sector, launching Comcast with an Outperform rating; he says that cable has a competitive advantage over the satellite companies over the medium term. “Approximately 70 percent of consumers indicate a preference for bundling, and cable is currently the only platform with the ability to offer the triple-play bundle on a side-scale basis,” he writes.

In a note this morning previewing tomorrow’s numbers, Bernstein Research analyst Craig Moffett said he continues to view cable stocks as “far and away, the best defensives in our broader telecom, cable and satellite universe.” He says they not only offer strong defensive characteristics–“video and broadband are no more discretionary for most families than running water”–but also solid growth prospects even as we head into a recession.

Read the rest of this post

Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »