141.89 +0.93 (0.66%)
Pre-Market: 9:14AM EDT
|Bid||141.54 x 800|
|Ask||141.90 x 800|
|Day's Range||139.11 - 141.48|
|52 Week Range||100.35 - 142.95|
|Beta (3Y Monthly)||0.70|
|PE Ratio (TTM)||15.77|
|Earnings Date||Aug 5, 2019 - Aug 9, 2019|
|Forward Dividend & Yield||1.76 (1.33%)|
|1y Target Est||149.26|
Netflix is primed to beat U.S. subscriber growth expectations in the second-quarter. Analyst Michael Olson highlighted Piper Jaffray’s analysis of Google search trends, which he says point to an uptick of domestic subscribers of 11.7% from the previous year, higher than Netflix’s guidance of 8.2%
Bob Iger has been the CEO of The Walt Disney Company (NYSE:DIS) since 2005. This analysis aims first to contrast CEO...
(DIS) stock slipped following a downgrade from Imperial Capital arguing that with the shares trading near a record valuation, the media giant may have run ahead of itself. Disney stock (ticker: DIS) has had a great year. In just the past few months, Disney has delivered a record-breaking new installment in the Avengers franchise, disclosed robust earnings, and introduced Star Wars theme-park attractions.
Disney’s earnings have been declining for the past two quarters due to a significant investment in the launch of its streaming services. In Q2 2019, Disney’s earnings declined 13% YoY due to a double-digit decline in operating income.
Stocks were poised to start the week slightly higher as investors zoom in on meetings at the Federal Reserve and other central banks this week.
The Dow lost 3 points, a negligible movement, by 9:51 AM ET (13:51 GMT), while the S&P; 500 rose 4 points or 0.2% and tech-heavy Nasdaq composite surged 47 points or 0.6%, reversing some of last week's underperformance.
In commodities, crude oil fell 0.7% to $52.17 a barrel after reaching an earlier high of $52.91. CFTC data showed the number of long speculative positions on oil had fallen to its lowest level since March last week after a seventh straight weekly drop. Gold futures slipped 0.6% to $1,337.15 a troy ounce while the U.S. dollar index, which measures the greenback against a basket of six major currencies, was flat at 97.032.
The markets paused the rally when stocks closed lower on Tuesday after a Reuters report indicated President Trump’s intention in regards to trade negotiations. President Trump said on Tuesday that he is holding up the trade deal with China until Beijing agrees on as many as five “major points.”
This afternoon, shares of the Walt Disney Company (DIS) rallied after Morgan Stanley analyst Benjamin Swinburne raised his price target for the company. According to a CNBC report, the analyst now has a price target of $160 for the stock—much higher than his previous target of $135. Here's why.
Disney today revealed a sneak peek at some of the new collections and limited-edition sets attendees can get their hands on during D23 Expo 2019 at the Anaheim Convention Center from Aug 23–25. During the show, fans can scoop up never-before-seen collections across the three Disney-operated retail shops on the Expo floor: shopDisney.com | Disney store, The Dream Store, and Mickey’s of Glendale. D23 Expo 2019 attendees will be introduced to new collections that celebrate milestone anniversaries and fan-favorite characters across Disney, Pixar, Star Wars, and Marvel along with must-have official D23 Expo 2019 gear and accessories, nostalgic Disney Parks-inspired items, and limited-edition collectibles celebrating Walt Disney Imagineering’s heritage.
Morgan Stanley analyst Benjamin Swinburne sees Disney with 130 million global streaming subscribers in 5 years, and its stock trading at a premium to its market peers.