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MarketScreener Homepage  >  Equities  >  Nyse  >  Walt Disney Company (The)    DIS

WALT DISNEY COMPANY (THE)

(DIS)
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Disney Impresses, Oil Falls and Stocks Return to Record Territory

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02/07/2020 | 08:15am EDT

By Paul Vigna

After two straight weeks of losses, major U.S. stock indexes rebounded this week. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all set new highs.

Traders were encouraged by news that China will begin cutting tariffs, a welcome sign that "phase one" of the U.S.-China trade deal is being implemented. And while the coronavirus is still spreading, and still deadly, equities markets were more focused on earnings.

Who were this week's winners and losers in the market?

WINNER: Walt Disney

The House of Mouse posted quarterly earnings Tuesday, and the report included details on its new streaming service, Disney+. After launching with about 10 million subscribers in November, Walt Disney Co. reported the service now has 28.6 million paying subscribers. The Street was expecting only about 20 million.

In the wake of the report, a number of analysts raised their price targets; investors were less impressed. The stock has fallen 1.4% since the report.

The platform wars are the next major battleground for Hollywood as technology alters the distribution model. Besides Netflix Inc., Hulu and Amazon.com Inc.'s Prime, Disney is competing against Apple Inc. (Apple TV+), Comcast Corp. (Peacock), AT&T Inc. (HBO Max) and ViacomCBS Inc. (CBS All Access). That is a heavyweight donnybrook.

Having the right mix of programming and technology is going to be key. It also doesn't hurt to have Baby Yoda on your team.

LOSER: Oil

Commodity markets have been hit harder than equity markets by fears over the coronavirus. China is the world's biggest importer of oil and copper, and many analysts expect a slowdown in its economy because of business disruptions resulting from widespread quarantines. Oil prices, in particular, have borne the brunt of those fears. On Monday, oil prices slid into bear-market territory, down more than 20% from their January highs.

The main U.S. benchmark, West Texas Intermediate, briefly traded under $50 a barrel on Monday for the first time in more than a year. It wasn't far off that price Thursday, closing at $50.95.

THE WEEK AHEAD: The economic calendar is light. Inflation ended 2019 on a benign note, and on Thursday the consumer-price index will provide the first look at inflation in 2020. On Friday, the retail sales report for January is released. Retail sales ended 2019 on a solid, if unspectacular, footing. The January report is expected to continue that trend.

On the earnings front, there is another heavy week of reports. Highlights include Cisco Systems Inc. (Wednesday) as well as PepsiCo Inc. and Kraft Heinz Co. (Thursday).

-- To receive our Markets newsletter every morning in your inbox, go here.

Write to Paul Vigna at paul.vigna@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -4.06% 21636.78 Delayed Quote.-20.98%
NASDAQ 100 -3.91% 7588.372902 Delayed Quote.-9.57%
NASDAQ COMP. -3.79% 7502.377567 Delayed Quote.-13.10%
S&P 500 -3.37% 2541.47 Delayed Quote.-21.34%
WALT DISNEY COMPANY (THE) -8.50% 96.4 Delayed Quote.-33.35%
WTI -5.49% 21.8 Delayed Quote.-60.50%
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Latest news on WALT DISNEY COMPANY (THE)
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Financials (USD)
Sales 2020 79 186 M
EBIT 2020 14 500 M
Net income 2020 6 304 M
Debt 2020 36 942 M
Yield 2020 1,93%
P/E ratio 2020 22,5x
P/E ratio 2021 16,4x
EV / Sales2020 2,66x
EV / Sales2021 2,57x
Capitalization 174 B
Chart WALT DISNEY COMPANY (THE)
Duration : Period :
Walt Disney Company (The) Technical Analysis Chart | DIS | US2546871060 | MarketScreener
Technical analysis trends WALT DISNEY COMPANY (THE)
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 144,08  $
Last Close Price 96,40  $
Spread / Highest target 81,5%
Spread / Average Target 49,5%
Spread / Lowest Target 3,73%
EPS Revisions
Managers
NameTitle
Robert Chapek Chief Executive Officer
Robert A. Iger Executive Chairman
Christine M. McCarthy Chief Financial Officer & Senior Executive VP
Susan E. Arnold Lead Independent Director
Maria Elena Lagomasino Independent Director
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