ViacomCBS Inc. Class B (VIAC)

40.45
0.68 1.70
NASDAQ
Prev Close 39.77
Day Low/High 39.80 / 41.46
52 Wk Low/High 14.39 / 101.97
Exchange NASDAQ
Shares Outstanding 628.25B
Market Cap 24.99B
P/E Ratio 21.00
Div & Yield N.A. (N.A)

A Big 'Discovery'

Break in! Credit Suisse is selling or planning to sell about 19 million shares of Discovery owned by Archegos. The shares are lower on the news -- broken by CBNC's David Faber. I am picking up more at $38.70 in the after hours. This may help to expl...

Minding Mr. Market

Some observations:  * Ss over Ns. And the Russell is not crowing. (I added to my and shorts on the morning's strength). * Banks are lower in a sea of green this morning. It is my view that bank stocks are vulnerable after the runup. I will have a co...

Jim Cramer: What Happened to the Gods of Momentum?

Jim Cramer: What Happened to the Gods of Momentum?

When GameStop filed to sell 3.5 million shares, the notion that Ryan Cohen had something up his sleeve went out the window.

Sell The Winners Buy The Losers, Dayenu?

* In a (price) momentum based investment world the winners often get overextended and the losers often get oversold  "Ilu ho-tsi, ho-tsi-a-nu, Ho-tsi-a-nu mi-Mitz-ra-yim, Ho-tsi-a-nu mi-Mitz-ra-yim, Da-ye-nu! .. CHORUS: .. Dai, da-ye-nu, .. Dai, da-...

Kass: On the Market's Stairway to Heaven, Headwinds Abound

Kass: On the Market's Stairway to Heaven, Headwinds Abound

You can rock on for now while the music is still playing, but be prepared for the inevitable 'out of the blue' sour note.

New Buy (and Short) Levels

* My revised levels I don't want there to be any ambiguity about the size of my positions, or about my buy and short levels, as I strive for as much transparency as possible. This column is a continued commitment towards that sort of disclosure. "Wh...

Nothing Normal About This Market

The speculative gewgaws have lost their bids again and are falling back to earth.  , , , ,  , , etc., getting taken to the woodshed.  Usually this portends broader market weakness - but there is nothing normal about this market.  Meanwhile, in part ...

The Market's Stairway to Heaven

* Like Led Zeppelin's iconic and mystical 1971 song, the market's advance has become almost an imbedded religious experience now * Buy the classics - the classic laggards (like ViacomCBS, Discovery and Amazon) * Rock on for now while the music is st...

Tuesday's Market, Risk to the Downside, Putting Cash to Work, Trading McDonald's

Tuesday's Market, Risk to the Downside, Putting Cash to Work, Trading McDonald's

Could equity markets be ready to roll over? To tell you the truth, I thought that the risk to the downside had increased late last week.

Minding Mr. Market -- a Good Day for the Laggards

* Another win for the bulls   Though I remain negative on the major Indexes, I thought the market did an exceptional job of keeping the outsized gains of the last few trading sessions today.   * Market breadth was about 5-3 positive as measured by t...

TWTR on the Move

Liking the run in Twitter (+4%). I would be a buyer. The stock was in my laggards column of yesterday - along with ViacomCBS , Discovery , Silver/Gold, Walmart , and Amazon .    

Adding to ViacomCBS

I added aggressively to ViacomCBS (Trade of the Week) on the opening at $42 in my personal pension plan.  Also added to the convertible.  

Bubbly Action, Bad Breadth, Credit Suisse Stumbles, SDR Charade, Eye on Big Tech

Bubbly Action, Bad Breadth, Credit Suisse Stumbles, SDR Charade, Eye on Big Tech

I find this action most likely to be less than sustainable, without provoking an algorithmic counter. In other words, don't just be nimble, but tread softly.

All-Time Is a Long Time

The S&P index eclipsed last week's prior all-time high today.   The skeptic would write that a 58 handle rise in the S&P Index and a 225 advance in the Nasdaq index was accompanied by only five to three advancers to decliners.   The skeptic would al...

Latest Moves

I just purchased a medium-sized position in both and common in my pension plan.  

Trade of the Week

ViacomCBS has declined from $102 to $43.65 as Archegos has unwound its estimated $2 billion position.  I suspect that many of the momentum based followers of the Archegos trade into ViacomCBS are now out of the stock, based on the outsized volume ov...

Looking at Laggards

* On the long side  While I find few stocks that meet my standard for selection (long) at current prices, here are some ideas:  * Amazon appears to have successfully moved above an important technical milestone at he price of $3100. The company's #s...

ViacomCBS Terms

A number of subscribers have asked me about the terms of the ViacomCBS  convertible preferred.   Here it is. Thanks for reading my Diary today.   Enjoy the evening.   Be safe.    

Trades of the Week (Buy DISCA and VIAC, VIACP)

I know, its late in the week already, but don't blame a guy for trying!  My two trades of the week are to buy the dislocations cause by Archegos selling of Discovey and ViacomCBS  , common and convertible.  I continue to see some value in both tradi...

A Yield Return Idea for the Next Three Years

* ViacomCBS converts...  If you are looking for income and possible growth for a non taxable account (pension plan, IRA, etc.), I would take a look at the recently priced ViacomCBS convertible preferred stock.  It's a mandatory convert after three y...

Some Trading and Investing Ideas

* What to do now  I continue to like ViacomCBS and Discovery as long trade rentals.  I liked yesterday's pin action in Verizon , Walmart , and Twitter .  And I would invest in all three at current prices - on the long side.  I still like Schwab  and...

Are ViacomCBS and Discovery Worth a Look After Their Big Slides?

Are ViacomCBS and Discovery Worth a Look After Their Big Slides?

The answer is yes for one of the two stocks that sold off sharply due to forced liquidations by a big shareholder.

Deceptive Monday, Archegos Fallout, 'Impending Doom,' Trading Kratos Defense

Deceptive Monday, Archegos Fallout, 'Impending Doom,' Trading Kratos Defense

The main story unfolded along with the passing hours on Monday, and continues. The ending of this tale perhaps remains far from untold.

Jim Cramer: Robbing Peter to Pay Paul

Jim Cramer: Robbing Peter to Pay Paul

Let's review this Archegos drama and some lessons from this fickle market.

Let's Take Another Look at ViacomCBS

Let's Take Another Look at ViacomCBS

It's a week later and I'd continue to sit this one out.

As Financial Stocks Get Hit With the Archegos Debacle, Here Are the Ones I'd Buy

As Financial Stocks Get Hit With the Archegos Debacle, Here Are the Ones I'd Buy

Everyone knows the basics. Last week, the trading operation run by Bill Hwang known as Archegos Capital Management blew up.

There Is No Vaccine for Being Over Leveraged

* In history, when you combine ignorance and leverage, you usually get some pretty scary results * Based on the market behavior I have witnessed over the last year, risk management has been grossly ignored and forsaken (on numerous fronts) * Stupidi...

From The Street of Dreams

As noted on Friday, I think there is now a long trade in ViacomCBS : BMO updgrades $VIAC BMO Capital Markets upgraded ViacomCBS (VIAC) to Market Perform with target $70 Previous rating: Underperform Issuance Date: 2021-03-29 https://t.co/c1orCCDlqT,...

Speaking Truth, Archegos Capital, Jobs Week, Corporate Tax Rate

Speaking Truth, Archegos Capital, Jobs Week, Corporate Tax Rate

Has the dire need for human involvement in the process of price discovery ever been more obvious?

Forced Liquidation of Archegos Positions Is Creating Chaos and Opportunity

Forced Liquidation of Archegos Positions Is Creating Chaos and Opportunity

The blow-up of a fund last Friday is causing repercussions, but it is simply accelerating corrective action that was already underway.