Disney (DIS Stock) losing its magic? [Video]

Giles Coghlan LLB, Lth, MA Financial Source

Last week Walt Disney's earnings missed expectations. Sales at $20 billion came short of projections by $1 billion. Earnings fell to 31 cents per share missing the average of 51 cents from analysts surveyed by Bloomberg. On the announcement, Disney shares fell over 12% with one of the biggest one-day drops since 2001.

However, one piece of good news was that for Q4 Disney+ added 12.1 million subscribers. Total subscribers are now at almost 236 million. So, if the Fed signals a pause around the December meeting could this dip be attractive to buy?

Walt Disney shares have gained 20 times over the last 25 years between November 20 and January 01. The average return has been 5.30%. So, is this a good time to consider buying Disney’s dip, or is the outlook for the US economy still too bleak ahead to consider buying?

Major trade risks: The major risk is any further negative news for the US economy or a more aggressive Fed hiking policy on high inflation concerns.

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Author

Giles Coghlan LLB, Lth, MA

Financial Source

Giles is the chief market analyst for Financial Source. His goal is to help you find simple, high-conviction fundamental trade opportunities. He has regular media presentations being featured in National and International Press.

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