10 Best Affordable Stocks Under $50 to Buy

4. Comcast Corporation (NASDAQ:CMCSA)

Share Price: $34.01

Forward P/E: 8.02

Number of Hedge Fund Holders: 82

Comcast Corporation (NASDAQ:CMCSA) ranks among the best affordable stocks under $50 to buy. On August 21, the Wall Street Journal reported that Comcast Corporation’s (NASDAQ:CMCSA) NBCUniversal is in advanced talks with Major League Baseball (MLB).

The two are discussing a three-year deal approaching $200 million annually to carry games on NBC and the Peacock streaming service.

At the same time, Netflix, Inc. (NFLX) is also close to making a deal with MLB to stream the ‘Home Run Derby.’ According to the report, this deal is expected to be for more than $35 million a year and would continue through 2028.

The Wall Street Journal reported that MLB and these companies are still negotiating, citing people familiar with the talks.

MLB has not yet finalized any deal with Comcast Corporation’s (NASDAQ:CMCSA) NBCUniversal or Netflix and additional components could increase the total price.

According to the report, MLB expects to grow its revenue through these new agreements compared to what it was receiving before from its previous deal with ESPN.

Comcast Corporation (NASDAQ:CMCSA) is a global media and technology company. It offers high-quality broadband, wireless, and video through Xfinity, Comcast Business, and Sky. The corporation also produces, distributes, and streams leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky.