Disney Q1 Earnings Coming Up: What to Expect (DIS)
The Walt Disney Company (DIS) will report first quarter fiscal 2017 earnings results Tuesday after the closing bell. Wall Street expects the media conglomerate to deliver a slight decline in earnings per share, while revenue is expected to be flat.
Disney earnings: Questions over the state and future of ESPN linger
Walt Disney Co. will deliver its fiscal first-quarter earnings results after the market opens on Tuesday.
Here’s what investors can expect: Earnings: Disney DIS, -0.66% is expected to report per-share earnings of $1.50 for the quarter, according to analysts surveyed by FactSet.
That would be an 8% decline compared with the same quarter a year ago, but an increase of 36% compared to Disney’s most recent fourth-quarter 2016 earnings. Disney has beat FactSet’s consensus on earnings in eight of the last 10 quarters.
What Not to Miss in Disney’s 1st-Qtr Earnings Report
On “The Number’s Don’t Lie,” Bloomberg’s Scarlet Fu previews Walt Disney Co.’s first-quarter earnings report. She speaks on “What’d You Miss?” (Source: Bloomberg)
Today’s Trading Lesson…
Outlining Your Trading System
#1) What is your edge? What is the concept you are trading that you feel will earn money?
2) How will you “prove” this concept with real money? (paper trading is a waste for discretionary traders other than learning how to use a software correctly)
3) How much money do you have personally? How much can you afford to lose or invest in your trading business? This includes capital to trade and living expenses.
4) How much risk can you afford to take on each trade, day, week and month?
5) How much money do you need to earn each year? Do you need to earn all of that from trading?
6) What if you don’t make enough from trading to live off of?
7) What are your contingency plans and how will know you need to implement them?
On the Tape Today | 2-7-17
SWKS | Skyworks Solutions continues to hold and pause after an impressive bullish gap after earnings. Multiple indecision candlesticks on light volume offer an opportunity to begin building a position for another leg higher. A $92 buy-stop triggers the new swing trade long with a target of $97.50. Stop loss on a close below $91.
UPS | United Parcel Service shows a pause with a $105.75 sell-stop and a swing trade target of $100. Planning for minor support in the $105 area and adding to the position on a daily close below this level.
Tape Reading the SPY ETF
$SPY price action basically took the day off.
Light volume (58 million shares) and a doji. The very definition of indecision. The game plan doesn’t change. Long remains the correct bias unless you are picking a top. Not a smart trade.
Could the stock market produce a bearish day of momentum? Yes of course, but short-selling a strong stock is the wrong play. Scroll to the bottom of this blog post and have a list of stocks showing bearish order flow, momentum or inside days.
Retail stocks continue bearish order flow. Keeping an eye on bullish momentum follow through in the financials.
Stock Market Today: Heatmap of the S&P 500
Stocks to Trade 2-7-17 | Tuesday Edition
Short-Term Trading Momentum:
Bullish Momentum: TSLA. NVDA, AGN, ACAD, AA
Bearish Momentum: sm, apa, crc, nov, clr, kss, hes, dltr
Quarterly Order Flow:
Bullish Stocks to Trade: TSLA, NVDA, WDAY, BA, AAPL, ABC, NFLX, BABA, LYB, PNC, AVGO, IBM, SWKS, WDC, NSC, AMGN, ADBE, HCA, URI, CLVS
Bearish Stocks to Trade: UAA, SM, QCOM, BMY, HES, RH, TGT, CLR, PSX, MUR, VFC, EQR, KSS, CVS, JWN, FSLR, LB,
2x Normal Volume: NWL, TSN, IP
Inside days: msft, m, xom, v, bsx, gps, pm, wy, cvx, glw, mo, low, amgn, pep, vfc, dow, tjx, ups, ma, luv, axp, unp, lly, nbl, dfs, dd, urbn
Sign Up For Weekly Podcast Updates
Become a Better Trader. Get Notified.
Stock Market Today 2-7-17 | Tuesday Edition
Dollar shoots higher as Fed’s Harker says March hike ‘is on the table’
The dollar shot higher against other major currencies on Tuesday, helped by hawkish comments from a Federal Reserve official who emphasized a March rate hike is possible.
The ICE Dollar Index DXY, +0.70% jumped 0.8% to 100.69, trading around its highest level since Jan. 31.
The Big Snapchat IPO Question: Will Investment Dollars Also Go Poof?
“The Valley”, IPO to save the IPO world Snap™ (aka Snapchat™) filed its former “confidential” papers on Thursday. And the reaction? (insert crickets here)
The Golden Age Of Financial Advice
When I first entered the advisory business almost 20 years ago, I didn’t receive the type of training you would expect for someone helping individuals and families make smart financial decisions over the course of their lifetimes…
American airlines want Trump to take on their Gulf rivals
Big American airlines have been crying foul over subsidies they say benefit their Middle East rivals for a long time. Will President Trump listen to them?