Disney (DIS) Offering Possible 29.2% Return Over the Next 9 Calendar Days

Disney's most recent trend suggests a bearish bias. One trading opportunity on Disney is a Bear Call Spread using a strike $125.00 short call and a strike $130.00 long call offers a potential 29.2% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $125.00 by expiration. The full premium credit of $1.13 would be kept by the premium seller. The risk of $3.87 would be incurred if the stock rose above the $130.00 long call strike price.

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

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

The RSI indicator is at 31.96 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Disney

Gabelli Funds Commentary- Riding Out the Pandemic: Can Theme Parks Still Bring the Magic?
Tue, 08 Sep 2020 21:14:43 +0000
By Paul Fanelli

Disney upgraded at Deutsche Bank on streaming potential
Tue, 08 Sep 2020 21:08:39 +0000
On Tuesday, Deutsche Bank analysts led by Bryan Kraft upgraded shares of Disney to buy from hold as the company goes "all in" on streaming. The firm also thinks that the recovery in theme park attendance has been progressing. Big picture, Deutsche Bank sees Disney as a stock that will respond positively to positive COVID news, The Final Round panel discusses the bullish call.

Is Roku About to Zoom 32% Higher?
Tue, 08 Sep 2020 20:40:00 +0000
Roku (NASDAQ: ROKU) is a seriously undervalued stock that has the potential to produce double-digit returns. At least that's the view of Wells Fargo analyst Steven Cahall, who on Tuesday initiated coverage of the company's stock with a resounding overweight recommendation and a $215 per share price target. Cahall is impressed with Roku's ability to draw revenue from its user base.

Dow Jones Slips As Market Rally Fades; GM Stock Breaks Out On This Move
Tue, 08 Sep 2020 19:37:33 +0000
The Detroit automobile giant surged on the news of its partnership with Phoenix, Ariz.-based electric vehicle maker Nikola.

What Disney Investors Need To Know About #BoycottMulan
Tue, 08 Sep 2020 18:57:25 +0000
Walt Disney Co (NYSE: DIS) shares were trading higher on Tuesday despite pushback against the shooting locale for some scenes in the company's new live action remake of "Mulan."The 'Mulan' Controversy: "Mulan" launched on Disney+ over the weekend and drove a 68% weekly increase in mobile downloads, according to TechCrunch.The movie also reportedly drove a 193% surge in Disney's in-app spending for the week.Despite the initial indications that "Mulan" was a financial success, Disney is in hot water over the fact that the movie's credits revealed that some scenes were shot in Xinjiang, a region of China in which the government has been accused of engaging in genocide against indigenous minority groups.It's estimated that China may be holding more than 1 million prisoners, many of whom are Uighur Muslims, in more than a dozen "re-education camps."The Allegations: The Chinese Communist Party has reportedly barred foreign journalists, human rights organizations and foreign government officials from accessing Xinjiang, according to Axios.In the "Mulan" credits, Disney acknowledged both the Chinese Communist Party's propaganda commission in Xinjiang and a branch of the regional Xinjiang public security bureau that has been under sanctions from the U.S. government since July.In addition to the forced political indoctrination, Uighur Muslims in the region have also reportedly been subjected to forced labor and forced sterilization. In the wake of the latest "Mulan" controversy, China's foreign ministry spokesman Zhao Lijian denied the existence of re-education camps and said facilities in the region are vocational and educational institutions.The latest boycott efforts aren't the first time Disney has run into trouble with "Mulan." Last August, Mulan's leading actress Yifei Liu pledged her support for Hong Kong police during democratic protests in Hong Kong.Disney Silent: Disney has not commented publicly on the issue or trending social media hashtags BoycottMulan and BanMulan. When asked about Liu's comments back in February, Disney Studios chairman Alan Horn said the company tries to be "non-political, apolitical when it comes to all this stuff.""My feeling is, free speech is an important component of society, certainly, and folks ought to be able to say what they want to say," he said at the time. Human rights activists have accused Disney of bending to the will of the Chinese Communist Party — and the company certainly has a lot to gain from staying on China's good side.In 2019, Disney reported .79 billion in revenue from the Asia Pacific region, up roughly 40% from 2018 levels.DIS Price Action: Disney shares were trading 1.57% higher at $134.06 at the time of publication Tuesday. Benzinga's Take: The early Disney+ download and spending estimates suggest boycott efforts may not have paid off in terms of significantly impacting Disney's bottom line.Yet media coverage of the "Mulan" controversy has certainly raised awareness of potential human rights violations in the Xinjiang region.Related Links:Wall Street Weighs In On Disney's Impressive Streaming Subscriber Growth Netflix Adds New Feature To Let Users Play Wheel Of Fortune With ContentPhoto courtesy of Disney. See more from Benzinga * Wall Street Weighs In On Disney's Impressive Streaming Subscriber Growth * This Day In Market History: Disney Buys ABC * This Day In Market History: The Liquidation Of Corporate Fraud ZZZZ Best(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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