ONLINE FOREX BROKER
2022-08-10 • Updated
People all over the world love kind and colorful Disney cartoons. What if we say that you can both adore the pictures and trade stocks of the company that creates them?
The Walt Disney Company is set to report the earnings data for Q3 on Wednesday at 23:05 GMT+3. Analysts anticipate the EPS (earnings per share) at $1 and revenue at $20.68 billion. At the same time, investors will follow the trend of subscriber growth. If the metrics are better than the forecasts, this would be blasting results in the third quarter of 2021. Should we trust them?
Last quarter, the earnings results beat expectations with a firm number of joined subscribers. The data left Disney's competitor, Netflix, far behind the rally. This time, the company is set to repeat its success. Let's list the main reasons why this can happen.
First, the sites that track website traffic notice a substantial rise in activity over the previous quarter. Secondly, the company is genuinely excited about its 100th-anniversary celebration, which will begin during its annual D23 Expo fan event in September. That is, Disney's customers can expect more mind-blowing announces. It includes fresh Disney+, Pixar, Marvel Studios, and Lucasfilm updates. Thirdly, the company announced the start of the 2022 Disney Accelerator that will sponsor innovative companies worldwide this month.
The speculation around Disney’s Chief Executive Bob Chapek this year was probably the news that shook investors' confidence. He was widely criticized among Disney's LGBTQ employees and Republicans for his attitude towards Florida's 'Don't Say Gay' bill. Still, the board has extended Bob Chapek’s contract as he managed to support the company throughout the tough pandemic times.
The grim economic situation and rising inflation may be the next thing that the management of Disney will react to. The more uncertain the data, the weaker the stock will be. In the upcoming earnings report, we highly recommend you follow the company's strategy on entertainment parks and its outlook.
On the weekly chart, the stock tested the upper border of the descending trading channel at $112. The breakout will signal further upside momentum with 50- and 200-week MA crossover at $140 in focus. On contrary, the support lies at $78.40.
On the daily chart, the stock has successfully crossed the psychological level of $100 and tested $112. The worrying factor for bulls is that the price formed a "Shooting Star" pattern confirmed by the bearish candlestick afterward. That is, the price may go lower to $100 before making another attempt to reach the $112 level. If it crosses $112, the next target will be $132.
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The S&P 500 had a good week due to the impressive start of Q1 earnings and favorable inflation data. In March, the consumer price index rose 5%, lower than the previous month's 6%, and met economists' expectations.
The previous year 2022, was undoubtedly tumultuous for the stock markets, with several stocks plummeting across multiple industries. Analysts have blamed the hard times on inflation, hawkish federal reserve policies, an impending global recession, and the ongoing crisis in Ukraine. This year, however, we're beginning to see some recovery in the stock markets. This article will find a few stocks worth buying this year.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
Let's dive into the latest developments shaping the global economic landscape. Good news first: the threat of an unprecedented US debt crisis has receded, as US lawmakers passed a bill to raise the debt ceiling and avoid a catastrophic default. Phew! But don't pop the champagne just yet, because storm clouds are still looming. High inflation, rising interest rates, and sluggish growth are challenges that have yet to disappear.
Thanks to the incredible advancements in horizontal drilling and fracking technology, the United States has experienced a mind-blowing shale revolution. They've become the heavyweight champion of crude oil production, leaving Saudi Arabia and Russia in the dust. They even turned the tables and became net exporters of refined petroleum products in 2011.
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
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