This one is an experiment with a different strategy, according to my research, 60% of analysts are currently bullish on Disney. Their upcoming earnings report will cover the release of several blockbusters like Star Wars and Captain America, but also the worrying performance of ESPN.
A huge amount of coverage suggests that Star Wars in particular has had a very good return, more than covering their purchase cost for the franchise with the first new release. Seeing Disney’s price trend in a fairly straight line while reading this news makes me feel confident in buying now, ahead of the earnings report Tuesday.
I will say buy now and set a goal of +5/-2.5% from $105.
This pick connotes a potential strategy shift; incorporating metrics about average analyst sentiment ahead of earnings reports. Let’s see how it goes.
Yesterday, reports broke that Disney’s new blockbuster Captain America now has the fourth highest open ever, giving them a second major recent win. I am confident I made the right choice with this one!
Earnings came in at 2.9% below expectations which sent the stock down 5.6%. The weakness was exactly as predicted, ESPN. As well as to a lesser degree, their parks and resorts. The strength was as expected, Star Wars and other movies.
This makes me feel like the stock is undervalued. I’ll bet again on +3/-1.5% from $101.84
Early this morning, the stop loss was met again, reiterating what everyone has been saying; that you should never double down on a bad trade. :[ at least this time it was only 1.5%