CBS Corp (CBS) Offering Possible 13.64% Return Over the Next 17 Calendar Days

CBS Corp's most recent trend suggests a bearish bias. One trading opportunity on CBS Corp is a Bear Call Spread using a strike $43.00 short call and a strike $48.00 long call offers a potential 13.64% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $43.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock rose above the $48.00 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for CBS Corp is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for CBS Corp is bearish.

The RSI indicator is at 26.62 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for CBS Corp

With Increasing Competition, Netflix Stock Looks Less and Less Bulletproof
Fri, 30 Aug 2019 12:49:56 +0000
Netflix (NASDAQ:NFLX) was already struggling in the United States, losing 130,000 domestic subscribers a quarter ago, sending Netflix stock much lower as a result.Source: Riccosta / Shutterstock.com Now, a recent survey taken by UBS sets the stage for even more shareholder setbacks. As it turns out, a sizable number of U.S. consumers say they're likely to subscribe to the upcoming rival streaming service Walt Disney (NYSE:DIS), and they're even willing to cancel an existing subscription to get it.Consumer surveys are dangerous, of course. What people say they're going to do and what they actually do aren't always one and the same.InvestorPlace – Stock Market News, Stock Advice & Trading TipsIn this case, though, the picture being painted by the UBS survey jibes with other findings that point in the same direction. Survey Says Netflix Stock Is VulnerableIt's a debate that's been raging for years: How well can Netflix stand up to streaming competition once that competition gets serious? Confidence in the company's ongoing dominance seemingly strong, but a closer inspection of that support reveals a great deal of it is coming from current owners of NFLX stock. They're arguably a tad biased. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off The bulk of that bias could snap soon, however, if the underlying message delivered by the latest UBS survey is any indication. In short, as of mid-August, 43% of U.S. consumers say they have plans to subscribe to Disney+, slated for launch in November.Of that 43%, 57% of them (or 24.5% of the total number of individuals surveyed) said they'll cancel a rival service to make room for the new one in their lives.That's where Netflix's dominance becomes something of a liability. Serving the most customers means it has the most customers to lose.Netflix isn't the only vulnerable name, of course. Amazon.com (NASDAQ:AMZN) offers streaming video as part of its Prime package, and Hulu was just starting to get real traction.Such comparisons mean less and less though. The streaming piece of Prime also encourages using Amazon's ecommerce platform; Prime members spend more than twice as much at Amazon.com as non-Prime members do. Disney also owns most of Hulu, and will offer a bundled package of it, Disney+ and ESPN that's drawing a lot of attention already. Disney can also monetize its content in other ways, and in most cases, will already have done so.Netflix, in the meantime, only drives revenue one way, with one platform. The Future Looks DifferentThe results of the UBS survey have materialized at a time when the streaming industry has fully matured.The arrival of Disney's alternative to Netflix is evidence of that idea, though the now-crowded field already made it clear. It will join Hulu and Prime on the SVOD landscape, while Apple (NASDAQ:AAPL) is making its way there. AT&T (NYSE:T) isn't far behind Apple, aiming to launch a new-and-improved streaming service later this year.CBS (NYSE:CBS) is even finding surprising traction with its home-grown, niche-minded streaming platform, which reportedly boasts 8 million paying customers versus the 30 million subscribers expected for Disney+ by 2024.The advent of so many services at essentially the same time in the industry's life is testing the theories about how many different streaming subscriptions a consumer is willing to pay for.The estimated number has changed over the years, but a separate survey taken by UBS in June further gels the figure at right around three, if not less. That survey indicated that only 13% of consumers were willing to pay for more than three OTT services.That finding opens the door to the possibility that consumers could enjoy Disney+ and remain a subscriber to Netflix, rather than choose one over the other.Other data suggests Netflix may not be as firmly positioned as it and owners of NFLX stock want to think it is, however. Last quarter's decline of 130,000 North American subscribers? It was the first-ever dip in the company's domestic headcount, taking shape following a price-hike that hadn't proven problematic in the past.Suspiciously, the domestic headwind started to take shape only when there were several quality alternatives to Netflix available to consumers. Bottom Line for Netflix StockIt's a mostly-unpopular notion to suggest Netflix is anything but infallible; a small handful of Netflix shareholders really, really love the company and aren't shy about vocally defending it. Their support usually leveraged the admittedly-impressive past growth trajectory.Those historically-based arguments hold less and less water though. The case against Netflix stock is rooted in the current transition underway right now. It only began in earnest earlier this year, and won't peak until later this year when Disney+ is finally launched. The fallout impacting Netflix, if there is one, is anything but clear yet.The cracks are starting to form though. Last quarter's domestic subscriber loss was one of them. The shift puts a massive amount of pressure on Netflix's international business.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off * 7 'Strong Buy' Stocks to Beat Volatility * 7 Mega-Cap Tech Stocks on a Rebound Now The post With Increasing Competition, Netflix Stock Looks Less and Less Bulletproof appeared first on InvestorPlace.

CBS outlet in Chicago dealt big blow in August news ratings derby
Thu, 29 Aug 2019 19:55:58 +0000
Channel 2's late local newscast already was struggling, and new woes just recently resolved only look to have made the situation worse.

The World's Top Ten Media Companies
Thu, 29 Aug 2019 15:07:22 +0000
Investopedia provides the list of top global media companies, including market capitalization and areas of operations.

6 Seth Klarman Stocks With Low Price-Earnings Ratios
Wed, 28 Aug 2019 21:19:50 +0000
Stocks include Buffett's Synchrony Financial Continue reading…

Here Are All The Ways To Watch NFL Football Without Cable
Wed, 28 Aug 2019 11:55:32 +0000
Fortunately for football fans, there are now more options than ever to watch the NFL on from sources other than cable. Take a step back in time and use a digital antenna to watch over-the-air NFL broadcasts in HD for free from networks CBS, FOX and NBC. NFL Game Pass is $99 for the whole NFL season, but the downside is that games are only available on-demand as replays.

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