2 stocks you can buy this week for less than $50

Recession fears continue to weigh on investor sentiment as inflation continues to soar and the Fed is expected to continue its aggressive interest rate hikes. With the prospect of a mild recession next year, it might be a good idea to invest in fundamentally strong Comcast Corp stocks. (CMCSA) and Albertsons Companies (ACI). These shares are currently trading below $50. Read on….

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Concerns over a volatile market, stubbornly high inflation and aggressive rate hikes from the Federal Reserve weighed on investor sentiment. It's been a painful year for stocks as all major averages are heading for their worst year since 2008.

Although inflation fell for the second consecutive month in November, it remains at high levels. With the Federal Reserve still trying to rein in inflation and market pundits expecting a recession or mild slowdown, 2023 doesn't promise much change. CFRA Chief Investment Strategist Sam Stovall expects a tough first half as the economy will likely succumb to a "long-awaited but mild recession".

This should keep the stock market under pressure. However, this could be one of the best times to invest in quality stocks. To paraphrase Warren Buffett, "the key is to buy big companies at a fair price rather than fair companies at bargain prices."

Thus, it might be a good idea to invest in quality stocks of Comcast Corporation (CMCSA) and Albertsons Companies, Inc. (ACI), which trade for less than $50. These stocks have strong fundamentals and solid growth prospects.

Comcast Corporation (CMCSA)

CMCSA is a global media and technology company operating through five segments: Cable Communications; Media, studios; Amusement park; and Sky.

On December 12, CMCSA launched the world's first live multi-gigabit symmetric Internet connection powered by 10G and Full Duplex DOCSIS 4.0. 10G technology. This technology promises to deliver next-level Internet speed and performance to customers and is expected to significantly boost CMCSA's product portfolio.

On the same day, the company announced that it had surpassed its goal of launching 1,250 Lift Zones in 2022. The Lift Zones program provides free Wi-Fi in neighborhood community centers nationwide .

For the fiscal third quarter ended September 30, 2022, CMCSA's adjusted net income increased 4.5% from the prior year quarter to $4.22 billion. The company's Adjusted EBITDA increased 5.9% year-on-year to $9.48 billion, while its Adjusted EPS increased 10.3% year-over-year to $0.96.

CMCSA EPS and revenue are expected to grow 2.8% and 0.3% year-over-year to $0.79 billion and $30.44 billion, respectively, during the fourth fiscal quarter (ending December 31, 2022). The company has exceeded consensus EPS estimates in each of the past four quarters, which is excellent.

CMCSA shares have gained 15.2% over the past three months to close the last trading session at $35.05.

CMCSA's POWR ratings reflect its strong outlook. It has an overall rating of B, which equates to a buy in our proprietary rating system. POWR ratings are calculated considering 118 different factors, with each factor weighted to an optimal degree.

It has a B rating for quality. Of the nine stocks in Entertainment - TV and Internet providers, it ranks first. To see CMCSA's other ratings for Growth, Value, Momentum, Stability, and Sentiment, click here.

Albertsons Companies, Inc. (ACI)

ACI operates grocery stores and pharmacies in the United States. It offers groceries, general merchandise, health and beauty products, pharmacy, fuel, and other items and services.

On October 14, Kroger Co. (KR) and ACI announced a definitive agreement...