Despite the negative news and worrying headlines, we recommend traders to make mental reframing of the situation. This way, you can look at the market from a different perspective. Let’s observe how you can take advantage of the uncertainties and make the fundamentals work for you!
Disney hit record high ahead earnings
Information is not investment advice
Walt Disney hit the all-time high on Monday. Investors are waiting for the next catalyst to drive the stock further up. It won’t take too long as this Thursday Disney reports its earnings at 23:30 MT time (GMT+2). Analysts are expecting $15.89 billion in sales and -$0.33 loss per share.
How earnings will impact Disney?
If the actual results are greater than the market estimate, Disney may reach new records.
In the opposite scenario, if results come out worse than anticipated, Disney will drop.
Disney isn't at its best now
The Covid-19 pandemic hit hard the House of Mouse as the company was forced to shut down its shops and Disneylands amid lockdowns and thus lost a lot of its customers. Disney tried to join the overall digitalization with its streaming platform Disney+, which should help to offset the losses. Actually, the streaming platform has nearly 90 million subscribers now.
Disney has been trading in an uptrend since February. If earnings come better, the stock will have a chance to rise to the key psychological mark of $200.00. On the flip side, the move below the low of February 3 at $176.00 will press the price down to the next support of $168.00.
Don't know how to trade stocks? Here are some simple steps.
- First of all, be sure you’ve downloaded Metatrader 5 . FBS allows you to trade stocks only through this software.
- Open the MT5 account in your personal area .
The US Federal Reserve may refrain from more aggressive interest rate hikes in March due to geopolitical risks after Russia's special operation in Ukraine…
Hello from the far 2022! FBS analysts have used some magic to travel to the future and brought you some hilarious predictions.
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!