Comcast's most recent trend suggests a bullish bias. One trading opportunity on Comcast is a Bull Put Spread using a strike $47.50 short put and a strike $42.50 long put offers a potential 11.86% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $47.50 by expiration. The full premium credit of $0.53 would be kept by the premium seller. The risk of $4.47 would be incurred if the stock dropped below the $42.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Comcast 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 up which suggests that the medium-term momentum for Comcast is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought 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
LATEST NEWS for Comcast
Rachel Maddow makes emotional return after partner’s bout with COVID: ‘Don’t get this thing’
Fri, 20 Nov 2020 03:30:00 +0000
Rachel Maddow made an emotional return Thursday to her MSNBC show, saying her partner’s bout with COVID-19 was so serious they thought it might kill her.
15 Largest Entertainment Companies in the World
Thu, 19 Nov 2020 18:18:13 +0000
In this article we are going to list the 15 largest entertainment companies in the world. Click to skip ahead and jump to the 5 largest entertainment companies in the world. The entertainment industry is one of the biggest industries in the world, and is currently worth $2 trillion. By 2024, forecasts expect that the […]
P/E Ratio Insights for Comcast
Thu, 19 Nov 2020 14:57:21 +0000
In the current session, Comcast Inc. (NASDAQ: CMCSA) is trading at $49.40, after a 0.53% gain. Over the past month, the stock increased by 9.51%, and in the past year, by 10.27%. With performance like this, long-term shareholders optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 1.95%. The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. View more earnings on CMCSAMost often, an industry will prevail in a particular phase of a business cycle, than other industries. Compared to the aggregate P/E ratio of the 52.71 in the Media industry, Comcast Inc. has a lower P/E ratio of 22.04. Shareholders might be inclined to think that the stock might perform worse than its industry peers. It's also possible that the stock is undervalued. Price to earnings ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors can become unable to attain key insights from trailing earnings.See more from Benzinga * Click here for options trades from Benzinga * Stocks That Hit 52-Week Highs On Wednesday * Stocks That Hit 52-Week Highs On Monday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
AT&T's Bold Move With “Wonder Woman 1984” Deals Another Blow to Theaters
Thu, 19 Nov 2020 14:44:00 +0000
AT&T (NYSE: T) will be releasing Wonder Woman 1984 (WW1984) on its HBO Max streaming service the same day the movie hits theaters. WW1984 was pushed back multiple times this year due to conditions created by the coronavirus pandemic, and the long delays and challenging theatrical market prompted AT&T to pursue a different distribution strategy. Comments from AMC Entertainment (NYSE: AMC) CEO Adam Aron stating that his company is “fully on board” with the new release plan suggest that AT&T's Time Warner unit may have made a deal with large theater chains regarding the distribution of WW1984.
Comcast to Participate in UBS Investor Conference
Wed, 18 Nov 2020 20:00:00 +0000
On Tuesday, December 8, 2020, Jeff Shell, Chief Executive Officer of NBCUniversal (Nasdaq: CMCSA), will participate in the UBS Global TMT Virtual Conference.
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