Comcast (CMCSA) Offering Possible 8.46% Return Over the Next 6 Calendar Days

Comcast's most recent trend suggests a bearish bias. One trading opportunity on Comcast is a Bear Call Spread using a strike $45.50 short call and a strike $50.50 long call offers a potential 8.46% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $45.50 by expiration. The full premium credit of $0.39 would be kept by the premium seller. The risk of $4.61 would be incurred if the stock rose above the $50.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Comcast 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 Comcast is bearish.

The RSI indicator is at 50.22 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 Comcast

Disney Gains After ‘Mulan’ Fuels Optimism About Streaming Growth
Tue, 08 Sep 2020 17:42:02 +0000
(Bloomberg) — Walt Disney Co. shares rose the most in more than in a month, fueled by optimism that the online release of “Mulan” will bolster the company’s position in streaming.The shares gained as much as 3.9% to $137.14, the largest intraday increase since Aug. 4, after preliminary data from researchers suggested that that “Mulan” helped spur downloads of the Disney+ app. Deutsche Bank AG also upgraded Disney to a buy recommendation from a hold, citing its streaming prospects.“Mulan,” a live-action remake of the 1998 animated hit, was released online Friday after the pandemic prompted Disney to scrub its U.S. theatrical rollout. To see the film, customers of its $7-a-month Disney+ service have to pay an additional $30 — an approach the company hasn’t attempted before. Disney is releasing the film in theaters in countries that don’t have the streaming platform.Installations of the streaming app rose 68% to 890,000 over the weekend, according to Sensor Tower Inc., a sign “Mulan” drove new customers to the service. Dollars spent on the app climbed 193% to $12 million compared with a week earlier, the research firm found.“Mulan” was the most-watched movie online over the weekend, according to the streaming platform Reelgood, which has 2 million customers. It accounted for 15% of streams for the top 20 titles on the platform, compared with 9.1% for the No. 2 film, “I’m Thinking of Ending Things.”“Mulan” is a high-profile test of whether movie fans are willing to pay up to get new films online — an approach called PVOD, or premium video on demand. The Covid-19 crisis, which shut down theaters around the world, has prompted Hollywood studios to experiment with different PVOD strategies. Comcast Corp.’s Universal Studios made its “Trolls World Tour” film available online in April for a $20 fee.“The release of ‘Mulan’ in PVOD this past weekend should serve as an early proof point with respect to PVOD,” Bryan Kraft, an analyst at Deutsche Bank, said in his report upgrading the stock.Disney has said that the “Mulan” release was a one-time event prompted by the pandemic. But it shows Disney could do more with premium video, Kraft said.“Disney could even offer a ‘new release’ tier on Disney+ that gives subscribers access to all new releases for a premium price,” he said. And as Disney+ adds more subscribers — and raises monthly rates — it may become feasible to release new movies on the platform without special fees, he said.This approach is more economical than releasing movies through third parties because “Disney keeps more of the revenue, captures the data and adds value to the overall Disney+ subscription,” he said.In July, Disney put “Hamilton” — a filmed version of the Broadway show — on its streaming service at no additional cost. “Hamilton” generated a 79% or one million increase in week-over-week app downloads the weekend it was released, Sensor Tower said.Apptopia Inc., another market researcher, put the number of downloads this past weekend at 674,000. About two-thirds of them came from the U.S.The numbers only reflect downloads from the Apple Inc. and Google online stores and not other ways that customers could subscribe to Disney+ and purchase “Mulan,” such as through devices from Roku Inc. and Amazon.com Inc. And a download doesn’t necessarily turn into a sale or new customer.It may take longer to get a complete picture of how “Mulan” did. Disney isn’t expected to immediately release purchase numbers.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Netflix co-founder on creative culture: We ‘manage on the edge of chaos’
Tue, 08 Sep 2020 13:03:48 +0000
In a recent interview, Netflix Co-founder and Co-CEO Reed Hastings told Yahoo Finance how the company’s unorthodox management style drove it to innovate and grow.

Comcast NBCUniversal Selects 11 Startups for Third Annual LIFT Labs Accelerator, powered by Techstars
Tue, 08 Sep 2020 13:00:00 +0000
Comcast NBCUniversal today announced the 11 startups selected for the third annual Comcast NBCUniversal LIFT Labs Accelerator, powered by Techstars.

NBCUniversal taps Susan Rovner for top programming job
Mon, 07 Sep 2020 20:26:50 +0000
The longtime Warner Bros. TV executive had been seen as a possible successor to TV studio chief Peter Roth

Disney World, Rivals Shine on Labor Day Weekend
Mon, 07 Sep 2020 17:00:00 +0000
It's been a busy holiday weekend at Central Florida's theme parks. Crowds and long lines are historically the norm in this industry over Labor Day weekend, but in this very unusual year after a very unusual summer, it has to feel good for Walt Disney (NYSE: DIS), Universal Orlando parent Comcast (NASDAQ: CMCSA), and SeaWorld Entertainment (NYSE: SEAS) to give the impression that they're succeeding. All of Universal Orlando's theme parks had to turn guests away a couple of hours after opening on Saturday.

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