Disney (DIS) Offering Possible 17.65% Return Over the Next 17 Calendar Days

Disney's most recent trend suggests a bullish bias. One trading opportunity on Disney is a Bull Put Spread using a strike $95.00 short put and a strike $90.00 long put offers a potential 17.65% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock dropped below the $90.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Disney is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Disney is bullish.

The RSI indicator is at 45.82 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Disney

US Indexes Report Gains for the Week of March 27
Sun, 29 Mar 2020 16:55:16 +0000
S&P; 500 up 10.3% for the week Continue reading…

Netflix Watches as Instagram Unites a Quarantined World
Sat, 28 Mar 2020 12:00:53 +0000
(Bloomberg Opinion) — “Oh, I like HER,” she says, referring to a berry-toned lipstick. Sarah Hyland, the 29-year-old funny actress best known for playing Haley Dunphy on ABC’s “Modern Family,” is trying on makeup for an Instagram Live audience while at home riding out the pandemic, seemingly as bored as the rest of us. It’s by no means a production: just Hyland in front of her cell phone, using an in-app filter that gives her eyeliner and oversize lashes, sitting at what looks to be a desk, weeding out her cosmetics collection.I don’t know why I’m watching. “Why am I watching this?,” one of her thousands of other viewers suddenly posts in the scrolling comments, as if from my thoughts to that person’s fingertips. Having our normal daily lives upended by the coronavirus has heightened the demand for entertainment — and not just Netflix. We’re looking for content that provides some semblance of human connection, intermittent LOL moments to briefly escape reality. As Kevin Roose put it in the New York Times last week, “The virus is forcing us to use the internet as it was always meant to be used.”There’s also something comforting about seeing celebrities going through the same thing as everyone else, flattening the societal hierarchy so that their feeds run alongside that of our own friends and families. Social media is a place for wholesale interaction, whether it be through memes, amateur TikTok dances, silly Snapchat snaps, Instagram boomerangs of the night’s meal or photos of the view outside, where we all suddenly wish we could be. It’s just enough pleasant distraction; we don’t have to commit our full attention to a 45-minute TV episode, especially when there’s already too much lonely, idle couch viewing happening because of the shelter-in-place orders.Kantar, a consumer research firm, is finding that as countries move deeper into the pandemic, TV viewing and social media engagement both rise by more than 60%. (At that rate, we could quickly grow bored with apps like Netflix and Disney+.) The U.S. may still be in the relatively early stages, but in Italy, one of the hardest-hit countries, Facebook Inc. said that Instagram and Facebook Live views doubled in a week. That yearning for connection is giving more adults a window into why younger people are so amused with watching their peers and celebrities just going about their lives — even when they appear to be doing nothing special at all. George Costanza would love it: videos about nothing.View this post on Instagram A post shared by Cardi B (@iamcardib) on Mar 20, 2020 at 12:31am PDTBut if that is what’s missing from Netflix and other TV, could it be that someday it’s not? Perhaps the future of streaming is to aggregate both studio-produced content and user-generated content in a way that allows you to seamlessly scroll between both. That’s how we’re starting to use entertainment, but that’s not yet how it’s delivered to us. Facebook Watch is a step toward the idea, though it has a long way to go. And Google’s YouTube is more of a video-search platform than a sit-back-and-stream service (notwithstanding its YouTube TV subscription for live programming).Quibi, a streaming app launching April 6, borrows from the brevity of user-generated social content, but leaves out the human-connection aspect. It’s the brainchild of Jeffrey Katzenberg and Meg Whitman, a pair of Hollywood and tech old timers, who say the name is short for “quick bites” (though it’s pronounced “qwih-bee”). All of its programs will have episodes that are 10 minutes long or less. Plenty have scoffed at the idea of Quibi trying to get 25- to 35-year-olds to pay $5 a month for an app with bite-size content that still contains ad interruptions. Yet, Katzenberg and Whitman have managed to raise nearly $2 billion for the service and have struck production deals with major studios and entertainers, including Chrissy Teigen and actress Sophie Turner.Social media used to be something college kids did on their laptops, separate from TV time. Now we all do it on our phones, often while the TV is playing. It shows that what’s missing from Netflix, Disney+ and all the other emerging streaming ecosystems is the ability to connect with one another. This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Dow Jones Today: Stimulus Falters Under Soaring Coronavirus Numbers
Fri, 27 Mar 2020 20:36:47 +0000
Halting a three-day winning streak, stocks tumbled Friday as investors appeared to sell the news on the House of Representatives passing the $2 trillion stimulus and as coronavirus case data grew increasingly ominous.Source: Provided by Finviz * The S&P 500 slid 3.37% * The Dow Jones Industrial Average lost 4.12% * The Nasdaq Composite dropped 3.79% * In a best-to-worst reversal, Boeing (NYSE:BA) was the Dow's worst-performing name today after soaring on Wednesday and Thursday.Likely weighing on riskier assets Friday are reports that the COVID-19 case tally in the U.S. is now above 95,000, meaning the U.S. now has far more cases than China. Of course, that's assuming China is publishing accurate numbers, which it probably isn't, but that's a conversation for another time and place.InvestorPlace – Stock Market News, Stock Advice & Trading TipsDeaths in Italy, one of the epicenters of the coronavirus, surged about 10% in a day and the past 24 hours have been deadliest period in the U.S., with the death toll reaching 265. * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem New York is being dubbed the epicenter of U.S. coronavirus cases, but confirmations are soaring across the country — from Nevada to Louisiana and more. The rising case count could be the result of increased testing, which is a positive because more testing allows healthcare professionals to more accurately diagnose and help those in need. However, the pressure on markets is derived from the fact that there simply is no timeline for when life in the U.S. will return to normal.That lack of clarity gets us to an all too familiar scenario: 24 of 30 Dow stocks pointed lower in late trading. Oil WoesExxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) may be able to hold their dividends steady, but that might be the extent of the good news coming from the oil giants over the near-term because the energy sector is awash in problems that aren't going away anytime soon.With oil prices poised for the worst quarterly performance in three decades, producers shuttered 40 rigs this week and it appears North American producers are bracing for a significant slowdown as 2020 moves along because there's simply too much supply and not enough demand to stoke anything more than short covering rallies in the oil futures market. Dour News For DisneyDisney (NYSE:DIS) is again proving to be one of the more coronavirus-sensitive Dow stocks. The stock was hammered today after research firm Moffett-Nathanson said Disney could lose $3.4 billion in revenue due to the closures of Disneyland and Disney World."Putting it all together, despite the fall in Disney's stock price to date, we think the combination of COVID-19 impacts and an ensuing recession will cause unprecedented pain here," said Moffett-Nathanson. Not Liking What They SeeAnalysts are looking at industrial machinery makers, including Caterpillar (NYSE:CAT) and unsurprisingly, they don't like what they see with economically-sensitive group.CAT fell about 3% today after Bank of America downgraded the stock from "buy" to "hold" while cutting its price target to from $123 to $115. Analyst Ross Gilardi said investors shouldn't expect energy and mining companies to rapidly boost equipment spending after the COVID-19 scenario abates. P&G PowerAs noted above, there were a handful of Dow winners today, but the real star was Procter and Gamble (NYSE:PG), which jumped over 6% thanks to an upgrade by Stifel Nicolaus analyst Mark Astracha."We view valuation as reasonable given heightened macroeconomic uncertainty, consistent free cash flow, and current 2.8% dividend yield," said the analyst in a note to clients. Bottom Line on the Dow Jones TodayEarlier this week, I mentioned that first-quarter earnings season will soon be starting and the results are likely to be ugly. Data confirm my theory as Refinitv points out there have already been 84 negative pre-announcements among S&P 500 members compared to just 39 on the positive side."The S&P 500 is expected to enter an earnings recession, two consecutive quarters of year-over-year declines, starting in 20Q1 and analysts now expect to see full year 2020 earnings decline 0.2% from the prior year," said the research firm. "This would be the first full year earnings decline since 2009's -5.8%."Todd Shriber has been an InvestorPlace contributor since 2014. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem * 5 Bank Stocks to Buy Now Because This Isn't 2008 Again * 12 Stocks to Buy That Are Already Positive The post Dow Jones Today: Stimulus Falters Under Soaring Coronavirus Numbers appeared first on InvestorPlace.

SeaWorld Entertainment to furlough more than 90% of staff as of April 1 because of coronavirus
Fri, 27 Mar 2020 20:36:00 +0000
SeaWorld Entertainment Inc. late Friday said it has temporarily furloughed more than 90% of its employees as of April 1 because of the coronavirus pandemic. In an 8-K filing, the company said furloughed employees will not be paid after March 31. "Subject to local regulations, these employees will be eligible for unemployment benefits," the filing said. "The furlough period is uncertain at this time due to the temporary park closures and will be reassessed as business conditions dictate." Earlier this month, SeaWorld announced it would temporarily close all of its theme parks through the end of March. Earlier Friday, Walt Disney Co. said its theme parks in California and Florida would remain shuttered as well because of COVID-19. SeaWorld shares are down 47% in the last year. The broader S&P 500 index is down 10% in the last year.

Disney parks in California, Florida to remain closed as coronavirus spreads
Fri, 27 Mar 2020 20:11:05 +0000

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