VIAC looks like will bounce higherTrend is up, earnings coming up. I don't see Corona Virus slowing down the commercial selling industry, or the media at all. VIAC will bounce higher with earnings IMO. Not financial advice, PUNT IT!
0VV trade ideas
$VIAC: $25 Short Sell TargetFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let us get into a few points. I don't usually like broadcasting companies, but Westinghouse Electric Corporation is owned by VIAC. I believe it does look like many people think another breakout for VIAC will happen or are bullish. The recent negative correlation for today doesn't scare me, and I think a $25 short sell target is reasonable. This stock also has some long potential, but there are higher growth stocks in the market.
Trading right above supportHeld today strong at support, wait for Monday to see if breaks through next support but if 21 range would recommend long leap calls
Launching soon...Have patience... couple of more bucks of pain, till then get some juice as the next move up will not stop until it hits $40....
Juicy setup in ViacomCBSViacom CBS has fallen far this year, to its current P/E of under 4.5. With a PEG ratio of 0.47, it's looking extremely undervalued. ViacomCBS has an analyst summary score of 9.4/10, meaning analysts are highly bullish on the stock. In terms of technicals, the stock is exiting oversold on the daily. Analysts have lately been increasing their earnings expectations for the company, as you can see on the Zacks "Price & Consensus" chart. ViacomCBS has earnings coming up February 20 and has beaten expectations on 7 of its last 8 reports. There's currently some good hype around Star Trek: Picard, with early IMDB ratings for the show looking really good.
I think this stock may make a strong upward move ahead of earnings. Realistically, $47 is a reasonable price target for early March in the event of an earnings beat. Yesterday I picked up a February 21 $37.50 call that's still very reasonably priced today at $0.30.
BILL ACKMAN, JOHN PAULSON & SARAH KETTERER UPS STAKE IN VIAC Here's yet more BULLISH news for VIACOMCBS (VIAC)
We feel along with several other large institutional investors that VIAC is DIRT CHEAP!
News Releases..
www.benzinga.com
www.gurufocus.com
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SONIC THE HEDGEHOG SETS RECORD - $70 MILLION - STRONG BUYBUY VIAC WHILE IT'S DIRT CHEAP FOLKS...
THE STOCK IN OUR OPINION, IS OUTRAGEOUSLY CHEAP AND AN INVESTOR'S DREAM STOCK FOR SHORT & LONG TERM
AS YOU CAN SEE, THE CHINA VIRUS IS NOT HURTING VIAC OR THE MOVIES
PARAMONT HAS A BUNCH OF NEW AND EXCITING RELEASES IN THE WORKS INCLUDING A NEW TOP GUN MOVIE...
SEE PRESS RELEASE...
www.wsj.com
FULL RELEASE
news.futunn.com
LONG 2.5 MILLION SHARES
STRONG BUY
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$150 BILLION INDUSTRY. 5x EARNINGS. DIRT CHEAP, STRONG BUY -READCBS Sports Partners with William Hill. It's the Latest Media Company to Embrace Sports Betting. -- Barrons.com
Mentioned: VIAC VIACA
By Nicholas Jasinski
ViacomCBS' sports division will join with U.K. bookmaker William Hill on creating sports betting content across its digital and television platforms. It follows Fox Corp's deal with Stars Group on FOX Bet. Anticipated growth in sports betting in the U.S. is a part of many investors' bullish theses for media companies that broadcast live games. Announced on Monday evening, the agreement will give CBS Sports (ticker: VIAC) access to William Hill's (WMH.UK) betting odds, data, and sports books to be used in its TV programming and online offerings. CBS' main sports offerings include NFL games and the NCAA men's basketball championships -- the March Madness tournament. William Hill will be able to exclusively promote its brand on CBS Sports' website and on its fantasy sports platform, which have more than 80 million users a month, according to the company.
"The power of our distribution, combined with the strength of our brands and the expertise of William Hill, has us well positioned to tap into the explosive growth of the legal sports betting industry in the U.S.," said CBS Sports Digital Executive Vice President Jeffrey Gerttula in a statement. "Together, we will deliver even more value to this rapidly growing segment of sports fans."
The offering will have a limited launch in March, followed by a full rollout this summer. Financial terms of ViacomCBS' partnership with William Hill weren't disclosed. Sports betting is now allowed in 20 U.S. states with more on the way. The Supreme Court struck down a federal law banning sports betting across most of the country in May 2018. A recent Barron's cover story examined the booming industry, which could have a potential market as large as
$150 billion annually.
Fox Sports (FOXA) already has a deal with the Stars Group (TSG), an online poker leader. Stars plans to merge with Flutter Entertainment (FLTR.UK) -- the owner of Fan Duel -- after which Fox will have the option to buy 18.5% of Flutter. Fan Duel and DraftKings are the two leading online sports betting platforms in the U.S. (Fox has common ownership with Barron's parent company, News Corp.)
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VIAC ANNOUNCES SPORTS BETTING! UNDERVALUED STOCK, STRONG BUY!Today after the market closed, VIACOM announced a sports betting deal with William Hill - As many know, Sports Betting is becoming legal statewide & it's a multi-billion dollar industry.
Feb. 10, 2020 – LAS VEGAS – CBS Sports and William Hill, America’s leading sports book operator, today announced a strategic partnership that makes William Hill the Official Sports Book and Wagering Data Provider across all CBS Sports platforms. The deal will reimagine fan engagement through a unique integration of sports betting, media, product and technology. The partnership will tip off with initial integrations in March on CBS Sports digital platforms, with a full rollout planned for the fantasy football season.
The partnership extends CBS Sports’ digital leadership in the sports betting space, and allows for the creation of even more relevant content across its wide array of platforms. CBS Sports will utilize William Hill’s odds, experts and more than 140 sports books to bolster its current digital offerings, delivering deeper information and programming produced from William Hill sports books across the country, and further engaging sports bettors and fans. In addition, the partnership includes opportunities to feature William Hill data, odds and markets across CBS television programming.
William Hill will receive exclusive rights to promote its brand across CBS Sports’ broad range of digital platforms, including through CBS Sports Fantasy, one of the largest fantasy platforms in the world, resulting in highly efficient customer acquisition for the sports betting company.
“We’re thrilled to launch this momentous partnership, which will allow us to deepen our investment and further extend our leadership in delivering multiplatform sports wagering content, while providing William Hill with unprecedented reach for their market-leading betting platform as they continue to grow their industry-leading U.S. business,” said Jeffrey Gerttula, Executive Vice President and General Manager, CBS Sports Digital. “The power of our distribution, combined with the strength of our brands and the expertise of William Hill, has us well positioned to tap into the explosive growth of the legal sports betting industry in the U.S. Together, we will deliver even more value to this rapidly growing segment of sports fans.”
PRESS RELEASE: www.viacomcbspressexpress.com
We feel VIACOM is undervalued at current prices making it one of the most compelling stories / stocks for 2020
At less than 5 times earnings, the stock is dirt cheap!
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This website and our posts are for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this website and our posts has been researched and is thought to be reasonable and accurate, any investment is speculative in nature. StockKid, and/or our agents cannot and do not guarantee any rate of return or investment timeline based on the information presented herein.
By reading and reviewing the information contained in this website and our posts, the user acknowledges and agrees that StockKid, and/or our agents do not assume and hereby disclaim any liability to any party for any loss or damage caused by the use of the information contained herein, or errors or omissions in the information contained in this website or our posts, to make any investment decision, whether such errors or omissions result from negligence, accident or any other cause.
Investors are required to conduct their own investigations, analysis, due diligence, draw their own conclusions, and make their own decisions. Any areas concerning taxes or specific legal or technical questions should be referred to lawyers, accountants, consultants, brokers, or other professionals licensed, qualified or authorized to render such advice.
In no event shall StockKid, and/or our agents be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this website, our posts or any information contained herein. StockKid, and/or our agents specifically disclaim any guarantees, including, but not limited to, stated or implied potential profits, rates of return, or investment timelines discussed or referred to herein.
VIAC - New LONG for 2020!VIAC shows some exciting movement on a weekly candle view as MA-10 try to beat MA-20.
On the Daily view, the momentum looks bullish as well. NASDAQ:VIAC
I draw the trend line, Stop-loss around $39 per share, pretty close, so cation is needed, I don't recommend automatic order in this case.
Good Luck.
