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