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Walt Disney Company (DIS) Shares Surge Over 11%Walt Disney Company (DIS) Shares Surge Over 11% On 14 November, Walt Disney Company (DIS) released an investor report that exceeded analysts' expectations: → Earnings per share: Actual = $1.14; Expected = $1.10; Year-on-year growth = +39%. → Revenue: Actual = $22.57 billion; Expected = $22.42 billion. The stock market responded positively, with DIS shares rising: → On 13 November, prior to the report's release, the stock closed at $102.56. → By the end of the week, DIS closed at $114.94, a gain of more than 11% post-announcement. The company also reported an increase in its streaming subscribers, reaching 200 million. Investors view this growth as a positive signal for Walt Disney Company, similar to the optimism shown towards Netflix (NFLX), which we discussed on 15 November. Will DIS shares continue to rise? Technical analysis of DIS's daily chart indicates that in 2024, price movements have formed a descending channel (shown in red): → In late October, market volatility was low, consistent with price stabilisation near the channel's median (indicated by the arrow). → Following the news of the earnings report, the stock price climbed to the upper boundary of the channel. → The RSI indicator has reached its highest level in years. Given this, it is plausible to suggest that DIS shares are in a position vulnerable to a correction. Should a correction occur and remain minor (e.g., without significantly dipping into the bullish gap formed last week), it could signal sufficient confidence among bulls to attempt a successful breakout above the channel’s upper boundary, potentially reaching key resistance near the psychological $120 level. According to TipRanks: → 15 out of 30 analysts recommend buying DIS shares. → The average 12-month price target for DIS is $122. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NYSE:DIS
by FXOpen
2
Walt Disney Co | DIS | Long at $84.00The Walt Disney Co NYSE:DIS is wrapped up in bad press and is predicting a future decline in theme park revenue (recession red flag...). However, the company has historically had tricks up its sleeve to return to prominence in an ever-changing entertainment environment (last was streaming). The potential of AI and robotic technology benefiting Disney is huge. The recent dip to $84.00 is a personal buy zone. A word of caution: there may be an amazing opportunity near $50.00 if the "recession" is announced and the company, like other entertainment industries, take a massive hit. That's where the true opportunity lies for this American staple. At $84.00, though, a "starter position" is my mindset until the stock rotates to an upward trend. Target #1 = $110 Target #2 = $127 Target #3 = $135 Target #4 = $182 (long-term view...)
NYSE:DISLong
by WorthlessViews
2
Walt Disney Co | DISThe Walt Disney Company is reportedly exploring options to sell or find a joint venture partner for its India digital and TV business, reflecting the company's ongoing strategic evaluation of its operations in the region. The talks are still in the early stages, with no specific buyer or partner identified yet. The outcome and direction of the process remain uncertain. Internally, discussions have commenced within Disney's headquarters in the United States as executives deliberate on the most viable course of action. These deliberations signify the company's willingness to adapt and optimize its business operations to align with changing market dynamics. The Wall Street Journal reported on July 11 that Disney had engaged with at least one bank to explore potential avenues for assisting the growth of its India business while sharing the associated costs. This approach suggests a proactive stance by the company to explore partnerships or arrangements that can drive growth while minimizing financial burdens. While it is too early to ascertain the exact direction this exploration will take, the developments in Disney's India business warrant attention, as they may shape the future landscape of the company's presence in this all-important region. The ongoing shift from traditional TV to streaming has placed Disney and its competitors in a costly and transformative phase. As part of this transition, Disney is actively cutting costs amid macroeconomic challenges that have impacted its advertising revenue and subscriber growth. CEO Bob Iger has been at the forefront of these changes, and his contract was recently extended through 2026 to allow him sufficient time to make transformative changes while strengthening the bench with future leaders of the company. One of the key considerations for Disney is evaluating its portfolio of TV networks, including ABC and ESPN. Bob Iger has expressed a willingness to be expansive in assessing the traditional TV business, leaving open the possibility of selling certain networks while retaining others acknowledging that networks like ABC may not be core to Disney's new business model. ESPN, as a cable TV channel, is being approached differently. Disney is open to exploring strategic partnerships, such as joint ventures or offloading ownership stakes, to navigate the challenges faced by the sports network. CEO Iger, who had previously expressed pessimism about the future of traditional TV, has found the situation to be worse than anticipated since his return to Disney. Although the linear networks segment, which accounts for Disney's TV properties such as ABC, National Geographic, FX, and FreeForm, has struggled to grow in the recent past, this segment is still an important part of the company's business, which is evident from the positive operating income reported by this segment in fiscal 2022. As below data reveals, the DTC business and content licensing made operating losses in FY 2022 which were offset by the operating income reported by linear networks. For this reason, investors will have to closely monitor a potential sale of TV assets to evaluate the impact of such a decision on Disney's profitability. The broadcasting landscape is experiencing a significant shift, with uncertainties surrounding its future and the changing nature of consumer preferences. While linear television channels are not expected to disappear immediately, their consumption continues to decline as viewers increasingly favor OTT platforms. This transition represents a fundamental trend shaping the industry. In terms of business models, subscription video-on-demand (SVOD) services will continue to grow with targeted advertising. As the ascent of streaming video continues, cable, satellite, and internet TV providers in the United States faced their most significant subscriber losses to date in the first quarter of 2023. Analyst estimates indicate a collective shedding of 2.3 million customers during this period. Consequently, the total penetration of pay-TV services in occupied U.S. households, including internet-based services like YouTube TV and Hulu, dropped to its lowest point since 1992, standing at 58.5%, according to Moffett's calculations. In Q1, pay-TV services in the U.S. witnessed a nearly 7% decline in customers compared to the previous year, with cable TV operators experiencing a 9.9% decline, while satellite providers DirecTV and Dish Network registered subscriber losses of 13.4%. Virtual MVPDs, which are multichannel video programming distributors, also suffered significant losses, shedding 264,000 customers during the quarter. Comcast, the largest pay-TV provider in the country, lost 614,000 video customers in Q1, and Google's YouTube TV was the only tracked provider to experience subscriber growth, adding an estimated 300,000 subscribers during the period. These trends illustrate the challenges faced by the pay-TV industry, with factors like increasing sports-broadcast fees driving retail prices higher, leading to cord-cutting and subsequent price adjustments by distributors. By 2026, e-Marketer predicts that the number of non-pay TV households will surpass pay TV households by over 25 million. In efforts to achieve profitability in the streaming business, Disney has implemented significant cost-cutting measures, including saving $5.5 billion through cost reductions and layoffs, and a focus on making Disney+ and Hulu more profitable. Disney aims to enhance Hulu integration, seeing it as a vital component of the company's transition from TV to a streaming-only model. Discussions are also underway for Disney to acquire Comcast Corporation's (CMCSA) stake in Hulu, as Disney currently holds 66% ownership. The company believes that the integration of Hulu and Disney+ will bolster the streaming business and contribute to its profitability. While the negotiations with Comcast over Hulu's valuation are ongoing, the combined offering of Disney+ and Hulu is expected to be available to consumers by the end of the calendar year. Although Disney's plans for ESPN+ and the fate of its other cable channels, such as the Disney Channel, remain uncertain, Bob Iger expects ESPN to eventually move to a streaming-only model, acknowledging the disruptive nature of the traditional TV business model. The discussions surrounding Walt Disney's TV and streaming business in India come at a critical juncture for the company, as it grapples with intensified competition and significant challenges in the market. The emergence of Reliance Industries' JioCinema streaming platform has posed a considerable threat to Disney's dominance, especially after Reliance secured digital rights for the highly popular Indian Premier League cricket tournament. This strategic move by Reliance, which offered free access to the tournament earlier this year, caused a substantial decline in Disney+ Hotstar's subscribers, a popular streaming service under Disney's India business. Additionally, Viacom18, which is backed by Reliance and Paramount Global (PARA), made a significant impact on Disney's market position in India. Through its partnership with Warner Bros, Viacom18 secured content rights to popular shows on HBO including Succession, previously aired on Disney's platform. This collaboration forms a formidable alliance challenging Disney's dominance in the Indian market. Reliance's freemium model poses the most significant threat to Disney's current position. By offering content for free on its streaming platform, JioCinema attracted a substantial number of subscribers through the broadcast of IPL. With its ample cash reserves, Reliance has the advantage of focusing on subscriber growth without immediately focusing on monetization strategies. The loss of streaming rights for the IPL, combined with a subsequent decline in paid subscribers, had a profound impact on Disney's reputation in India in the first quarter of this year, which could very well be the most challenging Q1 Disney has had in India for a long time. A report on video consumption trends in India by Media Partners Asia sheds light on the dynamic landscape of the online video sector in India. For the 15 months that ended in March 2023, total consumption across the online video sector reached a staggering 6.1 trillion minutes. During this period, Disney+ Hotstar emerged as the dominant player in premium VOD, capturing 38% of viewing time. The report attributes Hotstar's success to its strong sports offerings and the depth of its Hindi and regional entertainment content. During the survey period, Zee and Sony together held a 13% share of the Indian premium video sector viewing time. While the two companies are expected to merge pending regulatory approval, they are projected to operate independently for another year, benefiting from strong engagement across sports as well as regional, local, and international content. Prime Video and Netflix, Inc. (NFLX) collectively accounted for a 10% share of viewership in the premium VOD category. Prime Video also garnered a significant portion of viewership from regional Indian titles. The report emphasizes that local content dominates premium VOD viewership, particularly outside the sports category, while international content leads paid tiers. Catch-up TV is prevalent in the free tier across freemium streaming platforms. Although Disney was the clear winner in 2022, this report highlights a significant shake-up in the market brought about by the transformation of JioCinema. JioCinema, which previously held a mere 2% share of the premium video market, experienced a major upswing in growth since April. This surge can be attributed to JioCinema's decision to offer free live streaming of the popular IPL cricket tournament, a property that was previously exclusive to Disney-owned media in India. Despite technical glitches impacting user experience, JioCinema witnessed a more than 20-fold increase in consumption in April 2023, enabling it to dominate the premium VOD category. The report raises questions about JioCinema's ability to sustain this growth and scale in the absence of IPL action after June 2023. That being said, this could be an early indication of growth challenges Disney-owned brands may face in India. Star India, now known as Disney Star following the rebranding last year, is expected to experience a revenue drop of around 20% to less than $2 billion for the fiscal year ending September 2023. Additionally, EBITDA is projected to decline by approximately 50% compared to the previous year. Furthermore, Hotstar is estimated to lose 8 to 10 million subscribers in its fiscal third quarter as well. Given the current scenario, finding an outright buyer for Disney's India business is expected to be challenging. When Disney acquired the entertainment assets of 21st Century Fox in 2019, the enterprise value of the Indian business was estimated at around $15-16 billion. This high valuation, coupled with the intense competition and declining subscriber base, presents a complex landscape for potential buyers or partners. I believe Disney stock is attractively valued today given that the company's streaming business has a long runway for growth internationally while its brand assets will continue to drive revenue higher. As an investor, I am both concerned and curious about what the future holds for Disney's linear networks segment. Going by the recent remarks of CEO Iger, major changes are on their way. A strategic decision to divest non-core assets, in my opinion, will trigger a positive response from the market. That being said, a major divestment of TV assets could materially impact the company's profitability in the next 3-5 years until its streaming business scales enough to replace lost revenue from the linear networks segment. Investors will have to closely monitor new developments to identify a potential inflection point in Disney's story.
NYSE:DIS
by moonypto
4
Is Disney's Renaissance Sustainable?In the annals of financial lore, few sagas are as captivating as the rollercoaster ride of Disney's stock. From the dizzying heights of its peak to the depths of its nadir, the House of Mouse has seen it all. Yet, just as a phoenix rises from the ashes, so too has Disney experienced a remarkable resurgence in recent times. But amidst the euphoria of its stock's revival, investors are left pondering a crucial question: Is the time ripe to bet on Disney's future? Disney, an intricate tapestry of entertainment, boasts an arsenal of beloved characters and franchises unrivaled in the industry. From Mickey Mouse to Marvel superheroes, its portfolio is a treasure trove of nostalgia and innovation. But navigating the labyrinthine landscape of its operations requires more than just pixie dust and wishful thinking. The pandemic served as a crucible, testing Disney's resilience like never before. As theme parks lay dormant, streaming platforms emerged as beacons of hope, illuminating a path forward. Yet, even as one door closed, another swung open, revealing the adaptability and resourcefulness ingrained in Disney's DNA. Under the stewardship of CEO Bob Iger, Disney embarked on a voyage of reinvention, charting a course toward operational excellence. The resurgence of its theme parks, coupled with a revitalized focus on content creation, heralds a new era of growth and innovation. But behind the scenes, the gears of change are grinding, reshaping the very fabric of Disney's identity. The latest quarterly results offer a glimpse into Disney's metamorphosis. While revenue may have stagnated, operating income soared, fueled by the surging tide of streaming subscriptions. Bob Iger's bold proclamation of streaming profitability by fiscal 2024 echoes a newfound sense of confidence permeating the company's corridors. Yet, amidst the glitz and glamour, challenges linger on the horizon. The specter of ESPN's uncertain future looms large, casting a shadow over Disney's aspirations. But rather than retreat in the face of adversity, Disney has chosen to confront it head-on, forging alliances and innovating new pathways to success. Investors, ever the vigilant custodians of capital, are cautiously optimistic. The allure of Disney's storied legacy is undeniable, yet prudence dictates a measured approach. For while the promise of future returns may tantalize, the present realities demand scrutiny. In the grand tapestry of Disney's saga, each thread tells a story of resilience, adaptation, and unyielding optimism. As the curtains rise on a new chapter, investors stand poised at the precipice of possibility, gazing toward a future brimming with promise and potential. And as Walt Disney himself once said, "It's kind of fun to do the impossible."
NYSE:DISShort
by FOREXN1
1
Disney (NYSE: DIS) to Launch Its Own NFT PlatformThe NFT trend shows no signs of slowing down. The Walt Disney Company, has teamed up with well-known developer Dapper Labs to introduce the Disney Pinnacle NFT platform. This platform will feature digital collectibles based on icons stored on the Flow blockchain. The collection is set to include digital versions of souvenirs available in Disney theme parks, encompassing characters from “Toy Story,” “Star Wars,” “Mickey Mouse,” and various Disney princesses. As a result, fans of Disney and Pixar animations can enrich their collections with tokenized versions of physical collectible pins. These NFTs will be available not just for buying and selling but also for exchanging with other collectors to acquire missing pieces. This platform will digitally assemble and display a century's worth of animated magic in one marketplace. Designed primarily for mobile devices, Disney Pinnacle also has plans for a future desktop version. The app is slated for release in the App Store for iOS and Google Play Store for Android by the end of the year. The platform is prepared to welcome clients, having already launched a pre-order list. Users will be gradually introduced to the marketplace's features through test sales, although the date for the public release is yet to be determined. Disney representatives have not disclosed specific details about the initial pricing of NFTs on the platform in response to subscriber queries. However, speculation suggests that the pricing will align with the current resale value of the physical pins on online auction sites, with actual prices likely influenced by market demand. Dapper Labs, the developer behind the marketplace, is already renowned in the crypto community for creating the cult-favorite game CryptoKitties and NBA Top Shot – a platform for selling memorable NBA game moments as non-fungible tokens (NFTs). Disney's venture into establishing its own NFT platform marks another step in its use of decentralized technologies. Previously, we've seen how the company brought its characters to life in virtual reality. For this purpose, Disney created its own Metaverse and released an NFT collection called “Golden Moments”, available for purchase in a virtual store on the Obsess platform. The official launch of Disney's digital pins is likely to align with the debut of the Disney Metaverse World. Technical Analysist Price Momentum DIS is trading in the middle of its 52-week range and above its 200-day simple moving average. What does this mean? Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.
NYSE:DISLong
by DEXWireNews
WALT DISNEY: Falling Wedge breaking out.Walt Disney turned bullish on the 1D timeframe (RSI = 61.58, MACD = 0.500, ADX = 21.285) as it crossed over the Falling Wedge pattern that has been guiding the market downwards since the start of the year. The final Resistance to break is the 1D MA100, which hasn't been crossed since May 11th. If it does, we will go long and target the R1 level (TP = 92.50), which is where the next critical Resistance sits at, the 1D MA200. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:DISLong
by InvestingScope
3
Disney: Bears are back! 🐻After an optimistic start to the first half of September, the Disney share price has been dragged lower. This development is in line with our expectations, as the price should fall to the green target zone between $73.84 and $54.04 in order to place the low of the green wave (II) there. Only then should there be a rebound that can be capitalised on with long positions opened in the green zone. An alternative would be for the price to break above the resistance at $103.77. In this case, which we give a 34% probability, the low would be the one already placed with green wave alt.(ii)
NYSE:DISLong
by MarketIntel
Disney (DIS) -> Major Reversal AheadMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Disney. At the moment Disney stock is retesting a major previous monthly support level from which we already rejected multiple times towards the upside in the past. Considering that market structure on the lower timeframes is still bearish though I am just waiting for more bullish price action before I think we will see a major bullish impulse. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
NYSE:DISLong
by basictradingtv
29
✅ Daily Market Analysis - FRIDAY AUGUST 11, 2023Key News: UK - GDP (YoY) (Q2) UK - GDP (MoM) (Jun) UK - GDP (QoQ) (Q2) USA - PPI (MoM) (Jul) Thursday witnessed the Dow Jones Industrial Average wrapping up with a positive note, propelled by a robust surge in Disney shares, which effectively recouped a significant portion of its earlier declines. This commendable recovery unfolded against the backdrop of mounting Treasury yields, casting a nuanced shadow over the prevailing market sentiment. Concurrently, this unfolding narrative harmonized with the unveiling of data that hint at further indications of subsiding inflationary pressures. With an admirable stride, the Dow Jones Industrial Average managed to secure a 0.2% uptick, translating to a noteworthy 52-point surge. The broader market displayed a mixed performance, as the S&P 500 maintained a state of relative equilibrium, whereas the Nasdaq experienced a modest uptick of 0.1%, illustrating the market's evolving rhythm. NASDAQ Indices daily chart SPX500 Indices daily chart European Markets Extend Winning Streak with China's Travel Group Announcement European markets maintained their stride for the second consecutive day, fueled by an additional surge following China's pivotal announcement to revoke its prohibition on overseas travel groups. This significant decision reverberated throughout sectors like travel, leisure, and luxury, infusing them with newfound vitality and propelling growth. Aided by this promising development, the market's upward trajectory was further reinforced by a noteworthy development across the Atlantic. The US Consumer Price Index (CPI) exhibited an increase of 3.2%, managing to fall below the earlier set expectations. Additionally, core prices exhibited a retreat to 4.7%, evoking speculation that the Federal Reserve's ongoing cycle of interest rate hikes might have culminated, casting a ray of optimism over market sentiment. US Consumer Price Index The journey of the consumer price index has been a gradual one, inching towards a more palatable range that aligns with the Federal Reserve's objectives. This trajectory is poised to fortify the central bank's resolve in maintaining its ongoing pause in interest rate adjustments. While Treasury yields initially wavered, the market landscape shifted as a more intricate dissection of the inflation report revealed a noteworthy uptick in core services ex-housing inflation. This particular metric, held under vigilant scrutiny by the Federal Reserve, witnessed a 0.2% increase, dispelling the stagnant performance witnessed in the preceding month of June. In a separate development, Walt Disney (NYSE: DIS) emerged on the scene with a strategic announcement to raise the price of its ad-free streaming tier come October. This revelation ignited a spark of investor enthusiasm, fueled by the prospect of potential margin expansion. The move managed to allay concerns surrounding streaming vulnerabilities, effectively casting a positive light on Disney's financial landscape. Intriguingly, this declaration followed closely on the heels of Disney's Q3 revenue report, which, despite falling short of Wall Street predictions, did not dampen investor sentiment. In fact, the announcement catalyzed a remarkable surge of over 4% in Disney's share price, showcasing the responsiveness of the market to well-calibrated strategic maneuvers. Walt Disney Company stock daily chart The Disney+ subscriber base faced a dip, tallying at 146.1 million, falling short of the earlier projected estimate of 151.1 million. This unanticipated decline was primarily ascribed to a notable 24% reduction in Disney+ Hotstar subscribers, signaling a challenge in this specific segment. Alibaba Beats Expectations with Strong Fiscal Q1 Performance On the other side of the market spectrum, Alibaba (NYSE: BABA), the influential e-commerce juggernaut hailing from China, delivered a compelling financial report for fiscal Q1. The highlight of this report was the surpassing of expectations in adjusted core income. This impressive feat was underpinned by the robust surge in consumer expenditure, notably witnessed during a significant shopping extravaganza that unfolded across China in the month of June. This performance spotlighted Alibaba's dexterity in harnessing consumer behavior to drive its financial prowess. Alibaba stock daily chart In a strategic move, Alibaba, a major player in the tech arena, unveiled plans to embark on a company-wide division into six distinct businesses. This tactical maneuver is set to commence from the quarter culminating on June 30, reflecting the organization's commitment to refining its operational structure for enhanced efficiency and agility. Meanwhile, Alibaba's cloud division experienced a notable upswing, with revenues ascending to 25.12 billion yuan. This surge was fueled in part by the soaring demand for the company's artificial intelligence computing products, a trend that underscores the escalating allure of cutting-edge technologies in today's tech landscape. European Central Bank's Interest Rate Dilemma Amid Inflation and Economic Data Amidst a backdrop of varying economic indicators, a majority of economists surveyed by Reuters anticipate that the European Central Bank (ECB) will pause its campaign of consecutive interest rate hikes, a journey spanning over a year, come September. Yet, lingering concerns about persistently high inflation leave the door slightly ajar for a potential rate hike before the year concludes. Following a sequence of nine consecutive rate hikes since July 2022, ECB President Christine Lagarde laid the groundwork for a potential halt. After a 25 basis point uptick last month, she remarked during a press conference that the need for further increases might be dwindling, stating, "Do we have more ground to cover? At this point in time I wouldn't say so." Compounded by signs of economic deceleration, most notably in Germany, the dominant economy within the 20-nation bloc, Lagarde underscored the significance of forthcoming data in shaping the ECB's forthcoming decisions. As September looms, the outcome—whether it marks a temporary hiatus or another rate hike—remains uncertain but profoundly influential, encapsulated by Lagarde as a "decisive maybe". Gold Prices Steady Amidst Mixed US Inflation Indicators In the realm of commodities, gold prices have found a stabilizing ground near their one-month nadir. Recent inflation data painted a mixed picture, inciting significant market turbulence in stocks and other risk-centric assets. This oscillation propelled a notable shift of investors toward the safety of the dollar, relegating gold's safe-haven status to the sidelines for the time being. XAU/USD daily chart The recent inflation data from Thursday, while not wielding a substantial impact on the anticipated course of the Federal Reserve's rate policy in September, has instigated a rising tide of skepticism within the market concerning the possibility of rate cuts by the central bank later this year. This growing sentiment casts a shadow over the prospects of gold, projecting a somewhat muted trajectory. The realm of precious metals, encompassing both the prices of bullion and the broader metal markets, found themselves ensnared in the grip of a resurgent dollar. The dollar's resurgence was inextricably linked to the tumultuous winds sweeping through the bond market and the cloud of uncertainty enveloping interest rate fluctuations. This tempest of doubt prompted a significant redirection of funds toward the dollar, creating a ripple effect that reverberated across the market landscape.
by FOREXN1
19
Walt Disney Call Option TradeGood morning to everyone.Im here to learn by receiving and sharing whats posted and sharing what i see in the market. This is a trade im currently watching on Disney. im waiting for a brake around 90.60. My levels and interest to purchase are at 1st 87.48 - 87.00 2nd 84.36 - 84.07 These two levels i see as nice bounces for a Call Option and my last level of intrest is 81.19 - 79.08 this level i would be intrested in purchasing shares and Call Option with a nice experation date. Each trade will need the confirmation of support follwed by a power candle before entry. I also charted down from the Daily to the 15 Minute time frame. please share perspectives.
NYSE:DISLong
by HelloUs
Walt Disney: Is Disney Stock Worth Buying Now?Walt Disney's Stock: A Look at its Recent Challenges and Future Prospects under New CEO Bob Iger With a market capitalization of around $170 billion, Walt Disney is one of the largest entertainment companies globally. However, with its stock price down over 30 percent from last year, investors may be questioning the value of the company's stock. After Bob Iger's departure as CEO in February 2020, Bob Chapek took over and pledged to continue Iger's successful path. However, Chapek faced many difficulties, leading to his departure in November 2022 and Iger's return to the CEO role. Iger made key personnel changes and promised to streamline costs and give creative teams more decision-making authority. Under Chapek's watch, Disney+ saw exponential growth, with 164.2 million subscribers worldwide. Still, it wasn't profitable, and subscriber growth became increasingly difficult in recent quarters, leading to criticism from activist investor Nelson Peltz. Disney lost 2.4 million Disney+ customers in the first quarter of fiscal year 2023, the first case of a shrinking subscriber base, prompting Iger to announce a plan to find $5.5 billion in savings in the coming years, including cutting $3 billion from the company's content division. While Peltz withdrew his proxy challenge after Iger's announcement, some analysts are concerned that Disney's decision to cut content spending could jeopardize future revenue growth, especially as the company plans to appoint a new CEO by early 2025. The company has invested heavily in Disney+, spending around $33 billion in the last fiscal year, and some investors may worry about future growth. However, the company still boasts a strong park business, with $7.4 billion in revenue in the first quarter, up from $5.5 billion in the previous quarter, and a diverse range of other assets. With Iger back at the helm, investors will be eagerly watching to see what steps the company takes next to address its streaming ambitions and navigate the challenging entertainment industry landscape.
NYSE:DISShort
by FOREXN1
26
Disney: Fairy Tale Forest 🌲🌳🪄Disney is currently strolling through the dark green fairy tale forest between $103.29 and $88.41, where it should soon finish wave 2 in dark green. Afterward, the share should be enchanted enough to conjure a convincing upwards movement above the resistance at $122.50. There is a 38% chance, though, for Disney to leave the forest on the southern side, dropping below the support at $84.07. In that case, the course would develop a new low in the form of wave alt.II in light green first before starting the ascent.
NYSE:DIS
by MarketIntel
Walt Disney - NYSE: A technical analysis. Pt1This article is going to look at the Walt Disney Company listed on the NYSE and my outlook on their stock performance for 2023 from a purely technical analysis perspective. I will not go too technically deep but will endeavor to SHOW my prediction for 2023. From the 1920’s Disney has transformed into a huge multinational with diverse service offerings, and has enjoyed steady growth over the years however the share price in the last few months has eroded some of this growth and 2023 in my opinion will be interesting and I will show you why. A look at the Walt Disney chart on the weekly timeframe will show something interesting Now from around Mar 2021, where Disney peaked to around $203, the company has been on a downward trajectory. Inserting a trend line from Nov ’21 to Dec ’22 which touches the highs, the share price dropped from around $180 to the low $90’s. Label this line AB. Also insert a trend line CB, (Jun '22 to Dec '22) showing the low points before price action reversed up. Our timeframe is on the weekly chart. There is an. interesting convergence at point B. (descending trend line and ascending trend line). This price action forms a descending wedge/ cone. Chart pattern analysts will view this as a sign of a trend reversal from falling prices to rising prices. This is what has currently transpired and the price shot up above the descending trend line AB. The price has risen to the current $111.63 (at time of writing). Does this mean that Disney is now back on the positive trajectory? Well allow me to show some interesting insights. The current stock price increase though exciting is accompanied by average volumes (not a lot of demand for the stock). The volume has been nothing but fair and not really convincing to show more upside potential in price. Now if you super –impose another trend line parallel to CB and labelled it DE, it will bring out a channel that might actually form the new path in which price will start moving in potentially. Now in some cases bull run prices that emerge from descending wedges do not break this parallel line, and it would be interesting if Disney does so. The final technical analysis tool for consideration though simplistic, is the epitome of elementary technical analysis. The moving averages. They have the ability to show support and resistance points. The 20,50,100,200 SMA on this weekly chart will help make my case for Walt Disney 2023 stock direction. Price action has broken above the 20 SMA and slightly over the 50 SMA (As of this week) however, there are some key resistance levels, that if not broken we will see further downward movement. If the price breaks the $119 level then we could probably see price go as high at $130 and then $170 and beyond. THE VERDICT I strongly think Disney will have another tough year on the market, from a technical perspective the stock is one that I would personally SELL in 2023. I have put up 4 scenarios, which are: Scenario A - price might retrace to around $120 and comeback down to $80or Scenario B - price goes up to around $143 or Scenario C price goes up to $168 retrace down $80. Scenario D which is unlikely might see Disney hit above $200 by Dec 2023. This technical analysis though not exhaustive might give some interesting insights. Verdict: - look for SELL opportunities when price action rises. we might close the year below $80. Takunda Mudenge is a financial market analyst based in Zimbabwe, Africa. He writes in his personal capacity for educational and entertainment purposes. This should not be construed, assumed or viewed as investment advice. Please consult a professional for such.
NYSE:DISShort
by takundamudenge
1
Buying Disney break of recent high.Walt Disney - 30d expiry - We look to Buy a break of 102.11 (stop at 97.88) We are trading at oversold extremes. A break of the recent high at 101.50 should result in a further move higher. Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. This stock has seen good sales growth. We are trading at oversold extremes. Our profit targets will be 112.48 and 117.48 Resistance: 102 / 106 / 110 Support: 95 / 90 / 85 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:DISLong
by Saxo
Walt Disney Company Analyze🐭 !!!The Walt Disney Company, commonly known as Disney, is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California. Walt Disney Company runs near the Resistance line and my PRZ(Price Reversal Zone). Also, we can see Heavy Hidden Divergence(HD-) between Price and MACD Indicator. I expect Walt Disney Company can lose ❗️20%❗️of its value. Walt Disney Company Analyze (DISUSD), Daily Timeframe (Log Scale /Heikin Ashi)⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
NYSE:DISShort
by pejman_zwin
7