CBS Corp (CBS) Offering Possible 18.2% 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 $44.50 short call and a strike $49.50 long call offers a potential 18.2% 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 $44.50 by expiration. The full premium credit of $0.77 would be kept by the premium seller. The risk of $4.23 would be incurred if the stock rose above the $49.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for CBS Corp is bearish and the probability of a decline 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 below 20 which suggests that the stock is in oversold territory.

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


El-Erian, Like Trump, Says Fed Would Benefit From ‘Better Feel’
Sun, 30 Dec 2018 18:11:59 +0000
“Even the Fed is understanding that it needs to communicate better,” El-Erian said in an interview on “Fox News Sunday.” It needs to “show that it is more sensitive to markets and what’s happening outside,” or what President Donald Trump has called getting “a better feel for what’s going on,” El-Erian said. Trump’s frequent criticism of Fed policy is “certainly unusual,” El-Erian said, adding that the independence of the central bank is important to economic stability, as well as to economic growth. Bloomberg News reported this month that Trump had discussed with aides the idea of firing Fed Chairman Jerome Powell after the Fed’s latest rate hike, the fourth of 2018 and the ninth since the bank began raising rates from near zero three years ago amid a strengthening economy.

Dow erases 600-point loss, closes 260 points higher
Thu, 27 Dec 2018 21:00:19 +0000
U.S. equities returned to the red after posting their best session for the day after Christmas ever on Wednesday.

U.S. Team to Visit China for Trade Talks in Early January, Sources Say
Thu, 27 Dec 2018 08:03:17 +0000
Deputy U.S. Trade Representative Jeffrey Gerrish will lead the Trump administration’s team, which will also include Treasury Under Secretary for International Affairs David Malpass, according to the people, who spoke on the condition of anonymity. Chinese Ministry of Commerce spokesman Gao Feng confirmed that the two sides planned to sit down for talks next month, although he didn’t provide a date for the meeting during his regular briefing in Beijing on Thursday.

Who Could Be CBS’s Next CEO?
Mon, 24 Dec 2018 15:30:02 +0000
CBS (CBS) is running a broad search for a replacement for former CEO Leslie Moonves. The company’s board has retained an executive search company to help with the hunt for the next CEO. The board is considering internal and external candidates, the Wall Street Journal has reported.

What’s Next after CBS Acts on Moonves?
Fri, 21 Dec 2018 18:14:03 +0000
CBS Corporation (CBS) won’t pay its former CEO Leslie Moonves any of his $120 million severance package. Moonves stepped down in September to pave the way for an investigation after he was accused of sexual misconduct.

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