Jim Cramer Discussed These 29 Stocks Ahead Of Major AI Event

10. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders In Q3 2024: 72

Comcast Corporation (NASDAQ:CMCSA) is a mega-American media company with a presence in the broadband, broadcasting, and production markets. Like its peers, the firm has struggled in an era where the Internet has allowed streaming companies like Netflix to prosper and steal customers from traditional media. Comcast Corporation (NASDAQ:CMCSA)’s shares are down 14% year-to-date amidst a flurry of news such as a potential spin-off of legacy television networks such as CNBC. Here’s what Cramer had to say about Comcast Corporation (NASDAQ:CMCSA):

“Now, we have a deal with Starlink in the Italian government. Well, we have Starlink when it comes to WiFi, when do we have Starlink when it comes to cable and telco in this country? There was an article in Barron’s about the parent company that we work for Comcast. And they threw the book at it. The proverbial cyber book since there’s no phonebook anymore. But the one thing I would say is they didn’t talk about Starlink. And the existential crisis that’s coming given the fact that Starlink, at least in Italy, presents a rate card that’s so below the normal rate card that you just have no choice but to take it. And the payback is in three months. So we have to be recognizing that Musk, and I think the next thing you’re going to hear about, is Starlink versus ATT, Verizon, T-Mobile, which had two downgrades today, and the wireless companies.

“Look I think, I don’t wanna just sit here and say the cable companies don’t have a problem, I think they are, that they’re, let’s say complacent. Because they are doing things. But Elon Musk operates, he’s operating at light, and they’re operating at the speed of sound.”