Disney braced for earnings backlash despite streaming boom – Stock Market News

Posted on May 5, 2020 at 12:23 pm GMT

As the US earnings season continues in earnest amid the virus shutdowns, one of this week’s highlights will be the results from the Walt Disney Company. Disney will unveil its second quarter earnings on Tuesday after the market close and is expected to report growth in revenue. But with business activity not too significantly disrupted during the first three months of the year, the market’s reaction will depend on the Company’s outlook for the rest of the year. Empty theme [..]


Earnings season: The good, the bad, and the very ugly – Special Report

Posted on April 14, 2020 at 3:50 pm GMT

This earnings season will be pivotal. With so little post-virus economic data so far, the real-time guidance by corporate executives could be invaluable. In a nutshell, while earnings and guidance will probably be gloomy overall, there might be huge contrasts between sectors. Industries like travel and energy will likely be decimated, whereas online retailers and home entertainment companies might have made a killing. All told, while significant downside risks remain for the market overall, some ‘value plays’ are also arising. [..]


Technical Analysis – Disney’s stock gaps back above 100-day SMA after consolidation

Posted on February 3, 2020 at 3:18 pm GMT

Disney stock’s two-month descent, from the all-time-high of 153.33 stalled at 135.74, which is the 38.2% Fibonacci retracement of the up leg from 107.28 to 153.33. Presently, the stock appears undecided as it has gapped back above the flattened 200- and 100-day simple moving averages (SMAs), which back this notion. The MACD in the negative area, though below its red trigger line, is strengthening, while the RSI is improving in bearish territory. The Stochastics are bullish and rising after having [..]


Technical Analysis – Disney stock cautiously positive; rallies to new all-time high

Posted on November 15, 2019 at 2:08 pm GMT

Disney stock’s recent jump to a fresh all-time high looks to be in line with the bigger bullish picture, however, the move may be running out of steam, as reflected in the Stochastics and the RSI, which have entered the overbought zone and now are starting to turn down. Despite this, the MACD is distancing itself above its red trigger line, moving deeper in the positive zone. Further backing the positive outlook, is the completed bullish crossover of the 20- [..]


Disney earnings in focus ahead of streaming service launch – Stock Market News

Posted on November 6, 2019 at 1:31 pm GMT

The Walt Disney Company will report its earnings results for the fourth quarter on Thursday after the close of trading. However, with the launch of its Disney+ streaming service just days away, all eyes will be on the Company’s guidance on future earnings amid concerns about the oversized budget for the new shows on the platform and a number of big acquisitions recently. Revenue forecast to rise but EPS to fall Disney is forecast to post revenue of $19.08 billion [..]


Disney’s earnings eyed for clues on upcoming streaming service – Stock Market News

Posted on August 2, 2019 at 1:29 pm GMT

The world’s leading entertainment conglomerate will release its latest earnings report on Tuesday, after Wall Street’s closing bell. Beyond any surprises in the numbers, market focus will fall mainly on the expectations by Disney’s management about the firm’s soon-to-be-launched streaming service. Overall, the company’s future remains bright – something also reflected by the 29% gain in its stock this year – though its high valuation poses a risk. The entertainment colossus is expected to report earnings per share (EPS) of [..]


European Open Preview – Dollar bounces back after midterms and ahead of Fed decision

Posted on November 8, 2018 at 8:42 am GMT

Here are the latest developments in global markets: FOREX: The dollar index pared early losses to close the day higher on Wednesday and is also up by 0.27% on Thursday, drawing strength from a surge in US bond yields, which amplifies the dollar’s attractiveness from a relative rates perspective. In the UK, the pound extended its recent gains as Brexit optimism remained elevated. Meanwhile, the antipodeans – aussie and kiwi – outperformed, buoyed by strong risk appetite, speculation that the trade [..]


European Open Preview – Kiwi plummets on dovish RBNZ; US PPI and US-Japan trade meeting on the horizon

Posted on August 9, 2018 at 7:35 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is marginally higher on Thursday, after posting some relatively small losses (-0.13%) in the previous session. Meanwhile, the kiwi collapsed overnight, falling by nearly 1.4% against the dollar, after the RBNZ pushed further back the anticipated timing of its first planned rate increase and reiterated that a rate cut remains on the table. The British pound struggled as well, touching fresh multi-month lows against its major peers as speculation [..]


Stock Market News – Disney eyed ahead of earnings report; stock’s all-time high within reach

Posted on August 7, 2018 at 2:05 pm GMT

Disney’s earnings report for its fiscal third quarter will be made public after Tuesday’s closing bell on Wall Street. The consensus recommendation for the company is “buy”, which is in line with the average consensus recommendation for the Broadcasting peer group. The media and entertainment conglomerate’s quarterly earnings per share (EPS) are anticipated to come in at $1.95, according to Thomson Reuters consensus estimates. Current projections are the result of a downward revision from $1.97 from four weeks ago, while if [..]


European Open Preview – British pound suffers “Brexit blues”

Posted on August 7, 2018 at 7:43 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is lower by a little more than 0.10% on Tuesday, giving back some of the gains it posted yesterday. Meanwhile, the British pound retreated across the board on Monday, as speculation intensified that the UK could exit the EU without any deal. Elsewhere, the aussie ticked up after the RBA was perceived to be a little more optimistic, on the margin, upon completion of its policy meeting earlier today. STOCKS: US [..]

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