STOCKS TELEGRAPH

Tag: Walt Disney

  • Early Morning Vibes: Watch These 4 Stocks Today

    Early Morning Vibes: Watch These 4 Stocks Today

    The session on December 11, the American stock indexes finished in different directions. The S&P 500 Index dropped 0.13% to 3663 points, the Dow Jones added 0.16%, the NASDAQ lost 0.23%. At the beginning of trading, quotes went down for a short time, but most of the losses during the day were compensated, thanks to positive macro statistics. The communications sector emerged as the clear leader, rallying 1.15% on higher Disney shares. The financial and energy sectors looked weaker than the market, losing about 1% due to the fixation of positions after the rally.
     

    Corporate News
     

    Walt Disney (DIS: + 13.6%) management shared plans and forecasts for streaming services Disney +, Hulu, ESPN + and Star. The cumulative number of subscribers is expected to grow from the current 137 million to 300-350 million by FY2024.
     

    Apple (AAPL: -0.7%) is developing its own modem for its future devices. The news put pressure on shares of Qualcomm (QCOM: -7.4%), a chip maker for 5G communications.
     

    Oracle’s quarterly results (ORCL: + 1.8%) exceeded expectations on strong demand for cloud services.
     

    Today, world stock exchanges are showing mostly positive dynamics. The vaccination campaign can start today. Moderna’s vaccine may be approved this Friday, December 18th, but that too will not come as a surprise to market participants. On the eve of the US authorities issued an order for 100 million of anti-clotting vaccines from this company.
     

    The discussions on the stimulus package remain in the focus of investors’ attention, especially in light of the weak data on jobless claims last week. Today, lawmakers will present a detailed bill on the $ 908 billion package, which can be split into two blocks. One of the blocks will contain support measures that are less controversial among lawmakers. Even a compromise solution on this issue will be welcomed by investors.

    Top Upgrades & Downgrades


    KeyBanc turned bullish on Welltower Inc. (WELL), upgrading the stock to “Overweight” and assigning a $70.0 price target.
     

    RPT Realty (RPT) has won the favor of KeyBanc’s equity research team. The firm upgraded the shares from Sector Weight to Overweight and moved their price target to $11.0.
     

    The Macerich Company (MAC) received an upgrade from analysts at KeyBanc. They changed their rating on MAC to Sector Weight from Underweight in a recently issued research note.
     

    Earlier Monday KeyBanc reduced its rating on Xenia Hotels & Resorts Inc. (XHR) stock to Sector Weight from Overweight.
     

    KeyBanc analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Healthpeak Properties Inc. (PEAK) has been changed to Sector Weight from Overweight.
     

    Analysts at KeyBanc downgraded Retail Opportunity Investments Corp. (ROIC)’s stock to Sector Weight from Overweight on Monday.

    Today Top Movers


    Sundial Growers Inc (SNDL) went up 3.69% in today’s premarket session following a declaration from the firm that it has received approval to transfer the listing of its common shares to the Nasdaq Capital Market.
     

    Ideanomics Inc (IDEX) share price surged 11.96% at $2.06 in premarket session on Monday. Investors should take the recent surge in Ideanomics’ share price as a cautionary sign.
     

    Veru Inc (VERU) stock soared 21.16% in early morning trading session today. The firm recently declared that it has exclusively licensed worldwide rights to enobosarm, a late-stage oral novel androgen receptor (AR) targeting agent for the treatment of endocrine resistant ER+ HER2- metastatic breast cancer.

    Latest Insider Activity


    Progyny Inc. (PGNY) 10% Owner TPG Group Holdings (SBS) Advis announced the sale of shares taking place on Dec 10 at $37.52 for some 73,100 shares. The total came to more than $2.74 million.
     

    Enphase Energy Inc. (ENPH) Director Malchow Joseph Ian sold on Dec 11 a total 82,950 shares at $143.90 on average. The insider’s sale generated proceeds of almost $0.43 million.
     

    Gran Tierra Energy Inc. (GTE) Director Wade Brooke N. declared the purchase of shares taking place on Dec 09 at $0.39 for some 200,000 shares. The transaction amount was around $78000.0.
     

    Allied Esports Entertainment Inc. (AESE) 10% Owner Knighted Pastures LLC bought on Dec 10 a total 3,945,720 shares at $1.14 on average. The purchase cost the insider an estimated $99,194.

    Earnings To Watch


    Top US earnings releases scheduled for today include Champions Oncology Inc. (NASDAQ: CSBR). It will announce its Oct 2020 financial results. The company is expected to report revenues of $9.38M in the three-month period.
     

    Analysts expect Qudian Inc. (NYSE: QD) to report a net income (adjusted) of $0.04 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2020 is predicted to come in at $165.18M.
     

    Vince Holding Corp. (VNCE), due to announce earnings after the market closes today, is expected to report earnings of $0.44 per share from revenues of $65.9M recently concluded three-month period.

  • Disney (DIS) Or Netflix (NFLX) – Which Stock Has More Potential To Grow

    Before Friday’s opening, Disney’s stock price jumped 7 percent. Investors praised the current medium-term plan of the company, which includes a multi-fold rise in the streaming audience and extensive investment in new content development. By December, Disney+ raised the number of paying subscribers to 87.6 million and has every chance to overcome the bar of 90 million by the end of the year-despite the fact that originally a year ago, those figures were predicted to be seen no earlier than 2024 when the platform was launched. Now in the face of Netflix, Disney+ is just 2 times inferior to its nearest counterpart. It took 13 years, however for the online entertainment leader to attain the current 200 million paying accounts.

    The group expects an audience of 230 to 260 million people for Disney+ by 2024 with the current dynamics, and 350 million with Hulu and India’s Hotstar. In the fast-growing Indian market, a 30 percent to 40 percent increase is expected. At the same time in the near future, the company expects to start raising the subscription price: up to $7.99 per month in the U.S. and 8.99 euros per month in the EU. All these steps together will allow payback to be accomplished in less than 4 years.

    A massive content development program is one of the key things that can ensure such a fast growth of the audience eager to renew a subscription. Disney would increase its animation and filming budget to $14-16 billion a year. Annually, the viewer will receive around 100 new episodes and films. It has already been put into development, including 15 full-length animated and feature films, as well as many serials on the worlds of Marvel and Star Wars. The latter is particularly important: Disney was spurred to write two more spin-offs of this Saga by the resounding success of the space western Mandalorian.

    In the extended session immediately after the announcement of the new plan, DIS shares grew. The rise was already more than 7 percent, initially adding around 4 percent before the start of the main session on Friday and concluded the day rising over 13%. Netflix shares rose at the same time but within 1 percent. Disney is now trading at over $175 per share, which is 11% higher than its equilibrium price. By comparison, Netflix is seriously running behind its fair value. We predict that they will grow by 9 percent to $545 per share in the coming months.