Disney Earnings: 2 Key Points Investors Should Watch For
Walt Disney Co. (DIS) reports its quarter ended September this Thursday after the bell.
This may be one of the company’s most important public announcements that should cover its long-term strategy given its acquisition of Twenty-First Century Fox Inc. (FOXA) assets, investments in emerging businesses in the media space and its 2019 outlook.
Investors will likely watch for management’s comments and the metrics on investments in direct-to-consumer digital subscription media services, partly resulting from its deal with Fox.
Disney earnings: Investors expect an update on streaming strategy, Fox and Hulu
Disney’s cable segment has suffered lackluster results for the past three years, thanks to increasing cord-cutting among viewers.
Now the House of Mouse is building up ammunition to join the streaming wars; it debuted direct-to- consumer streaming service ESPN+ in April and is preparing for the launch of a dedicated Disney streaming service in late 2019.
Today's Trade of the Day | 11-8-18
UAL United Continental exploded to new highs on solid volume. All good signs for continuation, but I am waiting for the stock to pause above this new level. The stock price has already rallied and it's a sucker play to play the breakout at this moment.
Game planning for a 2 day pause in the $90 area and then a new entry to buy looking for a profit target of $100. If filled, stop loss on a close below $89.50.
Stocks to Trade | Thursday Edition 11-8-18
Bullish Cash Flow: TWLO, TLRY, ETSY, NOW, TNDM, AAL, PGR, UNH, PYPL, MNK, SBUX, DOCU, INTC, UAL, APTV
Bearish Cash Flow: Z, MTCH, DXC, IGT, LEN, NOV
New 20 Day Breakout: TWLO, ETSY, NOW, PGR, UNH, MSFT, SBUX, INTC, NUE, V, UAL, MRK, DAL, TMUS, ABT, IP, WBA, COST, JNJ, GS
New 20 Day Breakdown: Z, MTCH, KORS, DXC, UWT, PENN
Double Normal Volume: PX, TWLO, Z, V, NBL, MTCH, KORS, ETSY, IBM, NFX, DXC, APC, EMR, XLNX, WEC
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Tape Reading the SPY ETF
The SPY ETF and the stock market exhausted plenty of energy after the election. The hourly candlesticks "held the bid" all day (green=closed above the open). The three days prior to the gap higher showed strength despite moving sideways.
For day traders, yesterday was a day to get paid, if you didn't shame on you. There were barely any declines and plenty of entries. For swing trading we need a little patience. If you got long and held into the close we can expect the stock market to see mild profit-taking today. The question is whether you add additional shares on the pullback.
I'm looking for $280 to be a reasonable price to add shares, with $288 as my target on a new swing. One important factor to note... many stocks remain in bearish order flow. The recent bullish momentum is against the bigger picture for the last 6 weeks. For me this means less aggressive on the risk and share size because multiple time frames are NOT in sync.