Spectra Energy (SE) Offering Possible 11.11% Return Over the Next 16 Calendar Days

Spectra Energy's most recent trend suggests a bearish bias. One trading opportunity on Spectra Energy is a Bear Call Spread using a strike $255.00 short call and a strike $260.00 long call offers a potential 11.11% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $255.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock rose above the $260.00 long call strike price.

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

The RSI indicator is at 42.74 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 Spectra Energy

Sea’s Sales Double as Asian Shoppers Go Online During Pandemic
Tue, 02 Mar 2021 11:32:07 +0000
(Bloomberg) — Sea Ltd. expects e-commerce revenue to double in 2021, sustaining its torrid pace of growth as Southeast Asia’s most valuable company counts on regional online shopping demand to persist after the pandemic.Revenue rose to $1.6 billion in the last three months of 2020 from $777.2 million a year earlier, Singapore-based Sea said Tuesday in a statement. Net loss widened to $523.6 million from $283.8 million.Sea, backed by Tencent Holdings Ltd., has emerged as a stock-market sensation since its initial public offering in New York in 2017, as investors bet the company can establish itself as a leader in e-commerce and gaming in Southeast Asia. Among companies valued at $100 billion or more, the stock is the No. 1 performer in Asia since the start of last year and only trails Tesla Inc. globally.It’s also trying to establish fintech as a third growth driver. Sea said Tuesday it’s acquired 100% of Composite Capital Management, a Hong Kong-licensed global investment management firm. With the acquisition, the company is establishing Sea Capital, a platform to manage its overall investments.Asia’s Best-Performing Stock Gets to Justify 400% SurgeKey InsightsThe pandemic is helping to spur demand at Sea’s e-commerce business Shopee, with fourth-quarter sales increasing 178% to $842.2 million. Sea forecast 2021 revenue at Shopee of $4.5 billion to $4.7 billion, up from $2.2 billion in 2020.Hit mobile game Free Fire is fueling growth at Sea’s digital entertainment service Garena, whose sales last quarter rose 71.6% to $693.4 million. Sea forecast Garena’s annual bookings — sales plus changes in deferred revenue — will increase to $4.3 billion to $4.5 billion in 2021.Its e-wallet service gained traction, with payment volume exceeding $2.9 billion for the quarter and $7.8 billion for the full year. Sea is trying to build financial services into its third growth pillar.Get MoreSea Ltd 4Q Adjusted Ebitda Misses EstimatesFourth-quarter sales and marketing expenses climbed 95% to $665.2 million, led by digital financial services.For 2020, Sea posted total digital entertainment bookings of $3.2 billion.Annual revenue at Garena rose 77.5% to $2 billion.Market ReactionShares of Sea, which gained about 400% last year, rose 5.4% to $248.51 on Monday.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Sea Limited Reports Fourth Quarter and Full Year 2020 Results
Tue, 02 Mar 2021 11:30:00 +0000
Sea Limited (NYSE: SE) (“Sea” or the “Company”) today announced its financial results for the fourth quarter and full year ended December 31, 2020.

Microsoft-Backed Bukalapak Considers U.S. Listing Via SPAC
Tue, 02 Mar 2021 05:40:08 +0000
(Bloomberg) — Bukalapak.com, an Indonesian e-commerce company backed by Microsoft Corp., is weighing a U.S. listing via a special purpose acquisition company, according to people familiar with the matter.The company is working with investment banks on the plan and is in preliminary talks with several blank-check companies, the people said, asking not to be identified because the matter is private. Bukalapak could be valued at $4 billion to $5 billion in a potential SPAC merger, the people said. The startup could consider listing a small part of its business in Jakarta before doing a U.S. SPAC deal, they added.Deliberations are preliminary and no final decision has been made, the people said. A representative for Bukalapak declined to comment.Bukalapak, which means “open a stall” in Bahasa Indonesia, is an online marketplace that sells products from grapes and shoes to cars and televisions. Founded in 2010, the startup’s platform hosts 13.5 million online sellers and 100 million users.In November last year, Microsoft formed a strategic partnership with the Indonesian firm and made an investment as part of the deal. Other investors in Bukalapak include Jack Ma’s Ant Group Co., Singaporean sovereign wealth fund GIC Pte, Naver Corp. and Standard Chartered Plc. Bukalapak is valued at $3.5 billion, according to CB Insights.The coronavirus pandemic has boosted demand for e-commerce in the world’s fourth most populous country, where Bukalapak competes with rivals such as SoftBank Group Corp.-backed Tokopedia, Alibaba Group Holding Ltd.’s Lazada Group and Shopee, a unit of Singapore-based Sea Ltd.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Top 4th-Quarter Buys of Frank Sands' Firm
Mon, 01 Mar 2021 20:50:03 +0000
Sands Capital Management reinforces top tech and fintech picks

Top Stock Picks for Week of March 1, 2021
Mon, 01 Mar 2021 18:29:06 +0000
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