Disney earnings: How do you solve a problem like ESPN?
Walt Disney Co. (DIS) is set to report earnings for the fiscal second quarter after the market closes on Tuesday.
Here’s what investors can expect:
Earnings: Disney DIS, -0.51% is expected to report per-share earnings of $1.41 for the quarter, according to analysts tracked by FactSet. That would be a 4% increase from the same period a year ago, but a 9% drop compared with the sequential first quarter. The media and entertainment giant has beat FactSet’s expectations in eight of the past 10 quarters.
Factors Likely to Influence Disney’s (DIS) Earnings in Q2
Media giant The Walt Disney Company (DIS) is slated to report second-quarter fiscal 2017 results after the closing bell on May 9. In the previous quarter, the company had registered a positive earnings surprise of 4.7%.
However, the company has lagged the Zacks Consensus Estimate in two out of the trailing four quarters, with an average earnings miss of 0.5%. Let’s see how things are shaping up prior to this announcement.
3 Things to Watch When Disney Co. Posts Earnings This Week
When Disney (NYSE:DIS) announces earnings results for its fiscal second quarter on Tuesday, investors will probably focus a ton of attention on the health of its ESPN business. But while sinking subscriber numbers in the network threaten to pinch the entertainment giant’s profits, Disney has other revenue streams that could make an even bigger difference in its long-run growth trajectory.
A beast of a box office haul. It’s no secret that Disney scored a huge win at the box office with Beauty and the Beast. The film opened at No. 1 in theaters and has now grossed over $1 billion around the world. It is also the current box-office champion so far in 2017.
Today’s Trading Lesson…
Everything Changed February 2007-It was the Same Stock Market, but the View was Different.
After 20 years of trading, the question kept getting louder and louder.
If today’s trader has access to more technology, more charting solutions and more information than any point in history – why aren’t those advantages translating into more money?
This report examines why the modern trader is underachieving and introduces the obvious solution, found in the least likely of places…
What separates this information is that it’s based on real people. Real people, real money, real traders. Traders just like yourself. The lessons were experienced through my own eyes.
This isn’t a research report. It’s a story. A story about you with an unfinished ending.
Sixteen years of experience gives me a unique insight into why some some traders finally break through to six-figures and more. My career as a proprietary trader, mentor, owning two trading firms in NYC, and my ten years as a trading educator, is now in your hands.
I’ve worked with complete newbies scared to place an order, and those earning a reliable million dollars per year. There’s nothing I haven’t seen or done, and the biggest lesson is that working myself to the bone, wasn’t the answer.
Join me today, and eliminate years of searching for a Holy Grail that doesn’t exist, and see why it isn’t necessary for massive success.
On the Tape Today | 5-9-17
HD | Home Depot showing signs of another bullish move higher. The previous swing long lasted for almost $11. Look for a similar momentum move IF the stock price can close above yesterday's high. Game plan for a $157.25 buy-stop. Close below $156 for a stop loss.
HAL | Haliburton bearish order flow remains intact/ No signs of exhaustion of accumulation yet. Yesterday's bearish u-tern triggered a new sell short set up. Game plan for a $45 sell-stop with a target to cover in the $41 area. (look for a Saturation Point) Stop loss on a close above $46.
Tape Reading the SPY ETF
$SPY trading volume has descended to anemic levels. A paltry 47 million shares traded yesterday.
The SPY ETF chart above clearly shows the indecision that’s testing our powers of patience. Nothing burns an experienced trader more than lack of opportunity. We don’t mind losing money. It’s a part of our business, but not having the chance to make the money back, well that starts to wear on you.
So what do we do?
Never short a dull market. All signs point to a new leg higher. I see nothing that says “start working a short position.” AAPL continues to push higher taking the entire DJIA with it. A few healthcare stocks remains strong, and oil stocks on the short side still look good. Trades in individual stocks are there, you just need to be on top of your game plan.
How do we handle these melted candlesticks? (see red circle on the chart) How do we stop this insanely indecisive stock market from driving us insane with boredom? Easy…think long-term.
Viewing your trading business trade-by-trade or by the day is tough to do. It’s a long season, roughly 224 games per year for us.
Be patient, manage your risk, don’t push size unless order flow is clear.
Stock Market Today: Heatmap of the S&P 500
Stocks to Trade 5-9-17 | Tuesday Edition
Bullish Momentum: HES, PE, AAPL, K
Bearish Momentum: car, tsn, incy, akam, celg, cbs, lly
Long-Term Order Flow
Bullish Order Flow: AAPL, AMZN, RH, HD, BABA, AET, BA, FB, UNH, DXC, NFLX, HON, SWKS, EXPE, AVGO, UNP, WDC, WYNN
Bearish Order Flow: car, tsn, lb, akam, eqt, slca, x, apc, esrx, dfs, oxy, slb, clr, sm
2X Normal Volume: AAPL, NWL, COH, TSN, K, EXAS, AKAM, EA, AAOI, ALXN, DFS
Inside Days: x, jpm, ibm, jnpr, ms, dfs, atvi, wfm, dow, tgt, wdc, wba, cvs, dd, unh, nov, hon, amgn, cl, dltr, klac
Become a Better Trader. Get Notified.