I just don't understand why CBS has lost almost $5.00 in a little over a week, or from their last earning announcement, which was very positive and beat the street. I guess all the shorts are now out to destroy the stock and hedge fund managers are taking their profits. I don't understand Wall Street these days. This is a great company with a great management team for great growth! I am sure it will go back to $57, but how long will it take. I hope the same amount of time it took for the stock to decline to this price. Really strange and very weird.
CBS finally woke up and moved their earning announcement up about a week. Historically they have been reporting after other media companies have been reporting bad reports, bringing CBS down with them. Then, when CBS smashes estimates, all they can seem to accomplish is to recover whatever negative peripheral damage has been done. I've posted many times, wishing they would move their report date up, now, finally! Should be interesting, as CBS will be judged on its own performance.
Tried to warn my POOR sweet amateur CBS, Dow, and Nasdaq BASHER RETARDOS and ZERO IQ BASHER FAILURES, again:
CONSOLIDATION BASE NOW FINALLY ESTABLISHED! MEGA BULLISH in all aspects!!!!!
should be the start of GAP UP MOVES into the close of the year, one that could see CBS reach the SUPER BULL market TARGET PRICE of 175 or HIGHER by close of the year!!!!
In the past, CBS has been THE weakest stock in my near PERFECT portfolio......and it behaved like a dying turtle compared to my superior picks such as AMZN, NFLX, APPL, GOOG, PCLN, FB, EXPE, SBUX, WYNN, etc. I should have done better due diligence into the CBS sub-performer..... but NOW it is poised to GAP UP REPEATEDLy into the close of the year....and CBS in the money CALL options should SKYROCKET in value, gains of THOUSANDS of percent!!! MEGA BULLISH!!!
REVISED price target = 175 or HIGHER by close of the year!!!! MEGA BULLISH CBS in the money CALL options will SKYROCKET in value!!
Well, no bad news, there is good news. Rosschilld have increase holding. Today, everybody just following the trend. Its seems some sth for the whole US marked. Look at we get triple down, specifically, Berkshair down, SBUX down, T down, and every sectors down 1%. So, what I can say is, bad friday, So down worry the CBS but the whole market. The price may get correct later. And btw, good time to buy
Sentiment: Strong Buy
I really don't know.I really think it still on the uptrend.No bad news last few days but stock still tank even after great earnings.Seems weird to me as well.
CBS is a great company and has an excellent leader and management team. Their earnings per share have passed analyst estimates for almost the last 5 plus years. Last August when Eisner from Disney stated he lost ESPN subscribers, the entire media sector went down including CBS. It doesn't make any sense for CBS to lose value when another media company doesn't perform well, especially when CBS' earnings were outstanding! I don't think this decline has anything to do with Redstone. I just don't understand this market nor the financial people on CNBC. One minute they're crusifing the stock and now they are back to embrace CBS (since we had a good earnings report). CBS should be trading around 75 to 80 by now. It has successfully passed so many hurdles from a Supreme Court decision regarding Aero to transferring their business to meet new digital demands. I don't know if the shorts have come and taken profits this week, but to see this stock go down $3.00 in two days is very depressing for our financial system.
Sometimes I feel it's all the publicity and the over talking about stocks on CNBC that give investors mass confusion when it comes to investing. I feel this way about Apple as well. Tim Cook had to fly out and appear on the set with Jim Kramer to prove that they have a good stock (which they do), because CNBC constantly gave it bad reviews and so did many analysts. Bad reviews on a company that pulled in 50 Billion this first quarter! 50 Billion! I don't care for Kramer and all of his grand wizardry of pushing "big red" buttons and "who-yay" statements. They have so many analyst giving bad reviews about companies that are doing well...so with that statement, how can CEOs defend their corporations and shareholders when a financial program such as CNBC constantly sensationalize every little thing with regards to corporations and our economy? I mean, when the Fed was going to raise the interest rate a big .25 per cent, CNBC had a count down clock!
CBS is trading down more than 5% from the recent $57.68 closing price on May 6. And, the downward momentum continues as the stock is down over 2% at the time of this posting. My average price is $47.04, and I believe the stock will drop between 2 and 3 percent today, if not more. Sadly, Disney and Redstone are killing CBS, peripheral death. I am on the verge of unloading the whole kit and caboodle this afternoon. Sell May, go away.
They smacked the ball out the park.. it's closed at 57 AH. Hopefully the market picks up with volume considerably after the past few days and away this goes towards 59.
WARNING: the CBS APRIL CALL options are MASSIVE IN VOLUME, clearly a number of INSIDER positions, and the MEGA BULLISH TECHNICALS are screaming that CBS will trade at 135 or HIGHER by close of APRIL!!!!!! MEGA BULLISH!!!!!!
Things are starting to move against cbs. The cdc and the CARB reports defy the Anderson Cooper allegations...the federal class action suit is not going too well either. I would guess that the civil suit in CA is going out the window with the CARB findings as well.
Huge liability waiting for the producers of 60 Minutes and CBS.