DIS The Walt Disney Co Earnings Report 8-7-18

DIS The Walt Disney Co Earnings Report

DIS The Walt Disney Co Earnings Report

Disney Earnings: New Subscription Services And A Major Acquisition

Walt Disney Co. DIS is scheduled to report fiscal third-quarter earnings after market close on Tuesday, August 7. Between the company’s new streaming services and its pending acquisition of Twenty-First Century Fox FOXA, it’s been a busy quarter.

For fiscal Q3, DIS is expected to report adjusted EPS of $1.97 on revenue of $15.32 billion, according to third-party consensus analyst estimates. In the same quarter last year, adjusted EPS came in at $1.58 on revenue of $14.24 billion.

benzinga.com/disney-earnings/8-7-18

Disney’s rally could take a breather as it heads into earnings

Disney has had a magical rally this summer.

The media giant is one of the best performers in the Dow over the last month and is looking to extend its longest weekly win streak in nearly three years.

As it heads into earnings after the bell Tuesday, one market watcher warns of a near-term pullback in Disney shares.

“It’s had a nice run over the last two months, so it may need to take a little bit of a breather here,” said Matt Maley, equity strategist at Miller Tabak, Friday on CNBC’s “Trading Nation.”

“You might even get a sell the news reaction to its earnings report. But it should only be a short-term thing.”

cnbc.com/2018/08/06/disneys-dis-earnings-preview

The Disney Streaming Service: What We Know So Far

A new report from the New York Times offers a bit more information about the direct-to-consumer entertainment service’s programming.

Walt Disney (DIS) is developing or producing “at least nine” movies for the service, said the outlet, citing sources. Those films reportedly have budgets from $20 million to $60 million.

investors.com/news/disney-streaming-service

DIS The Walt Disney Co 8-7-18 Before Earnings

DIS The Walt Disney Co 8-7-18 Before Earnings

Today's Trade of the Day | 8-7-18

SQ Square inc pauses for 2 days after what we call an "energy candlestick." The stock price traded into an inside-inside day. These patterns typically explode into new volatility. Game planning a new swing trade long using a $71.25 buy stop to trigger the entry. Stop loss on a close below $70. Initial profit target comes in at $79. 

SQ Square Inc 8-7-18

SQ Square Inc 8-7-18


Stocks to Trade | Tuesday Edition 8-7-18

Bullish Cash Flow Trades: TMUS, I, DISH, OKTA, NKTR, SPOT, DKS, XLNX

Bearish Cash Flow Trades: gds

New 20 Day Breakout: TMUS, DISH, DIS, XRAY, LLY, STS, PEP, AAPL

New 20 Day Breakdown: rio, x, nbl, baba, atvi, aaba, yndx, apc, kors

Double Normal Volume: FB, AABA, TSRO, MCHP

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Tape Reading the SPY ETF

SPY ETF Chart 8-7-18

SPY ETF Chart 8-7-18

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About the Author

Pete is a full-time trader and mentor since 2000. Author of Equity Trader 101 and the Order Flow Method. He is dedicated to help self-directed traders to bust through the six-figure level.

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