X

Select the account you'd like to open

Newsletter

Need 4 Speed - ASX Report - 26/10/22

ASX trading

G'day folks and welcome to another trading day with your friendly, neighbourhood CMC Market Analyst! 

For real-time up-to-date data/news/research/ideas/strategies, check out our insights panel on the CMC Markets NextGen platform and follow us on Twitter: 

Azeem Sheriff -  
CMC Markets - 

Trading Idea of the Day

NYSE:DIS - The Walt Disney Company - BULLISH BIAS

  • Key levels on the chart - consider taking trades from key support/resistance zones.
  • Disney’s diluted earnings per share (EPS) for the quarter increased to $0.77 from $0.50 in the prior-year quarter off the back of strong top-line growth.
  • Disney credited its strong financial performance to improved operations among its domestic theme parks, large increases in live-sports viewership and significant subscriber growth on their streaming platforms. Namely, 14.4 million Disney+ subscribers were added in this quarter alone, increasing total subscriptions to 221 million across all of their streaming offerings.
  • However, a looming recession may pose a threat to the performance of Disney’s Parks, Experiences and Products segment as consumer spending is expected to tighten as people begin to feel the pinch.

ASX & Economic Key Events

ASX Key Events Calendar (TODAY)

Economic Key Events (TODAY)

Economic Key Events (YESTERDAY)

OPTO For Investors Research

Article of the Day: Is it time for investors to focus on growth stocks over value?
Podcast of the Day: Why Cohesive Capital’s John Barber is bullish about private equity

APAC Daily Report

Market Snapshot & Highlights as of 8am AEDT

EXPECTATIONS: Energy HIGHER (higher oil prices) & Materials HIGHER on overall higher base metal prices.

Global Markets Headlines

(All news & data sourced from AFR / The Australian / Bloomberg / Reuters / CNBC / Wall Street Journal / Morningstar / OPTO / Trading Economics)


Disclaimer: CMC Markets is an order execution-only service. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.

Sign up for market update emails