Microsoft (MSFT) Offering Possible 40.85% Return Over the Next 29 Calendar Days

Microsoft's most recent trend suggests a bearish bias. One trading opportunity on Microsoft is a Bear Call Spread using a strike $220.00 short call and a strike $230.00 long call offers a potential 40.85% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $220.00 by expiration. The full premium credit of $2.90 would be kept by the premium seller. The risk of $7.10 would be incurred if the stock rose above the $230.00 long call strike price.

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

The RSI indicator is at 61.84 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 Microsoft

Sony, Microsoft Consoles Struggle With Thin Launch-Day Stock
Wed, 18 Nov 2020 10:27:37 +0000
(Bloomberg) — Sales of Sony Corp. and Microsoft Corp.’s new gaming consoles fell short of their predecessors during their first week in Japan, suggesting persistent supply bottlenecks will hamper the debut of two of this holiday season’s most hotly anticipated gadgets.Sony sold 118,085 PlayStation 5 consoles from its debut on Nov. 12 to Nov. 15, roughly a third of the PS4’s performance over launch weekend, Famitsu estimated. Microsoft tallied 20,534 units of its Xbox Series X and S during the six days from its start on Nov. 10, also shy of the 23,562 that the Xbox One managed during its first few days, the research house said.The estimates provided a first glimpse at sales of the new Xbox and PlayStation, two devices that should dominate wishlists this Christmas. Japan was among the first markets globally to get the consoles and is considered a key battleground between two companies vying to establish a lead in next-generation gaming and drive longer-term growth.Read More: Microsoft Sets Sights on Sony’s Home Turf in Console ClashFactory and logistical disruptions during the pandemic have hurt manufacturers’ ability to keep up. The outcome is likely more reflective of the available supply than demand for the consoles, as both companies saw their machines sell out on day one, said Serkan Toto, an industry consultant in Tokyo.Microsoft has called its new console duo the most successful Xbox debut ever, but that feat appears to have come at the cost of thinly spread supply. The Redmond, Washington-based company released its two consoles to 37 countries simultaneously, a big jump from the 13 markets for the preceding Xbox One generation.Sony is also grappling with inadequate supply as it tries to introduce its new consoles to 65 nations, doubling the 32 that the company covered with the PlayStation 4. Chief Financial Officer Hiroki Totoki told investors in October that supply chain bottlenecks have hampered the tech giant’s efforts to meet demand and that constraints may persist until March next year. In Japan, the company was forced to implement a lottery system to manage PS5 pre-orders.Read More: Sony Hopes the PlayStation 5 Will Become a Long-Term Cash CowMicrosoft and Sony both say they’re working hard to beef up supply of their new machines. But retailers in Japan say it remains unclear when they will be able to reliably stock the in-demand products. PS5 units on resale marketplace Mercari have hit prices upwards of $1,000, from their usual $400 to $500.Not all users are in a rush to obtain the new consoles right away, as most new games are still playable on the departing PlayStation 4 and Xbox One consoles. Still, Ace Research Institute analyst Hideki Yasuda said the manufacturers should pump up supply as soon as possible because a loss of initial momentum could damage lifetime sales.“The first two-week sales momentum is crucial in forming a consumer sentiment on a product, and that’s why it’s important to prepare enough quantity at launch,” he said.(Updates with detail on the forecasts in the second paragraph)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.

Dow Jones Futures: Stock Market Rally Eyes Record Highs; Tesla Surges Near Buy Point, While Nio Erases 8% Plunge On Earnings
Wed, 18 Nov 2020 04:50:10 +0000
Dow Jones futures were in focus Tuesday, as the stock market rally eyes record highs. Tesla surged near a buy point, while Nio dived on earnings.

Trump Fires Cyber Official Who Challenged Election Claims
Wed, 18 Nov 2020 03:46:20 +0000
(Bloomberg) — President Donald Trump on Tuesday announced he had fired a Department of Homeland Security official who has publicly contradicted the president’s unfounded claims about widespread election fraud.Christopher Krebs, a former Microsoft Corp. executive, was nominated by Trump to a top cybersecurity job in 2018 and became the first director of the Cybersecurity and Infrastructure Security Agency, known as CISA, later that year. His agency had declared the Nov. 3 election “the most secure in American history.”In a tweet Tuesday evening, Trump said he was finished with Krebs.“The recent statement by Chris Krebs on the security of the 2020 Election was highly inaccurate, in that there were massive improprieties and fraud – including dead people voting, Poll Watchers not allowed into polling locations, “glitches” in the voting machines which changed votes from Trump to Biden, late voting and many more,” Trump tweeted, adding that he was terminating Krebs “effective immediately.”Even before the election results were known, Trump had cast doubt on the integrity of the vote, and those claims have escalated since Joe Biden was declared the winner by media organizations after securing enough electoral votes.Trump’s firing of Krebs, which many had expected, including Krebs himself, came after business hours and capped a day of setbacks and controversy in his supporters’ efforts to challenge the election’s results.In Pennsylvania, the state Supreme Court rejected his campaign’s key argument that that Republican vote observers were kept too far away to properly monitor ballot-counting, while in Michigan, GOP officials stonewalled the certification of the election outcome in the greater Detroit area before agreeing to certify the results.Leading up to the election, Krebs used CISA’s website to debunk claims of voter fraud peddled by the president and his supporters.The CISA site Rumor Control sought to dispel misinformation about the 2020 election and that included a video featuring Krebs. The site challenged allegations that votes had been cast on behalf of dead people and that “secret” watermarks on ballots were helping audit illegal votes. It was still active at the time of Krebs’ termination.His departure comes as other key officials in his agency, and its parent, the Department of Homeland Security, stepped down amid a broader purge by Trump in the wake of the election.Bryan Ware, assistant director for cybersecurity at CISA, resigned on Nov. 12 after about two years at the agency. In addition, Valerie Boyd, the assistant secretary for international affairs at DHS has also left.Krebs, who couldn’t be reached for comment, enjoyed bipartisan support for his role in helping run secure U.S. elections in 2018 and this year. Some members of Congress reacted angrily to news that he had been fired.“By firing Mr. Krebs for simply doing his job, President Trump is inflicting severe damage on all Americans — who rely on CISA’s defenses, even if they don’t know it,” said Senator Angus King, an independent from Maine and co-chairman of the Cyberspace Solarium Commission.Senator Ben Sasse, a Nebraska Republican, said Krebs “did a really good job.” “He obviously should not be fired.”Representative Adam Schiff, California Democrat and chairman of the House Permanent Select Committee on Intelligence, praised Krebs’s efforts to safeguard elections and “inform the American people about what was true and what was not.”“Instead of rewarding this great service, President Trump is retaliating against Director Krebs and other officials who did their duty. It’s pathetic.”During his Senate confirmation hearing in 2018, Krebs said one of his top priorities was “enhancing the resilience of our nation’s election systems.”As speculation mounted that he could lose his job, Krebs didn’t back off. In a tweet from his personal account after he was fired, he said, “We did it right.”Read more: Where Trump’s Vote-Counting Challenges May Be Headed: QuickTake(Updates with additional reaction to Krebs’s firing; a previous version of this article incorrectly stated that Krebs appeared in videos on the Rumor Control website. It was only one video.)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.

Bill Gates: Anti-mask sentiment in US ‘worse’ than other countries
Tue, 17 Nov 2020 21:04:11 +0000
Billionaire philanthropist Bill Gates on Tuesday said that the U.S. coronavirus response faces “worse” anti-mask sentiment than other countries, which may owe in part to the nation’s “current leadership.”

Tesla (TSLA) Sneaks Into the S&P 500
Tue, 17 Nov 2020 19:11:00 +0000
Two months after Tesla's much-hyped inclusion in the S&P 500 failed to materialize, the index quietly added the EV maker to its ranks.

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