Disney Earnings Report: What Did It Mean?
I am “sitting pretty” in just my second year of “investing” online, and I am always trying to figure out what the ups-and-downs of Walt Disney Company stock mean to me and my 11.5 shares.
The subject is fascinating to me, especially because I really only have one set of shares. Unfortunately, a lot of the literature and coverage is way over my head – I was an English and history major as an undergraduate!
Thankfully, the folks over at The Motley Fool frequently feature DIS stock when they break down the U.S. stock markets’ daily doings.
Now, on Friday, there was a handy video by Neil Rozenbaum. Neil doesn’t go deeply into “market-speak” for us novice viewers. However, he does break down the latest Disney earnings report in a way that made it easier to understand.
Is DISNEY Stock Better Than NETFLIX? | DIS Stock Earnings Summary | Disney Stock vs Netflix Stock
In this video, I will go over Disney’s earnings report which crushed fiscal first-quarter estimates. How does it compare to Netflix. Is Disney Stock a better investment than Netflix in the longer term? With parks still mostly closed around the world, Disney will certainly benefit from the reopening and that boost this side of the business. With that said, that won’t stop their streaming platform Disneyplus to grow even more, with new content coming this year such as Marvel’s Falcon and the Winter Soldier and more Star Wars content. I’m bullish on DIS stock.
In his intro, Rozenbaum added:
[I]t seems like nothing can stop the entertainment mammoth. The Disney+ streaming platform continues to grow, with new content coming this year such as Marvel’s Falcon, The Winter Soldier, and more Star Wars content.
Meanwhile, on Friday, the computer-generated (!) synopsis of the day’s trading on MarketWatch explained:
Shares of Walt Disney Co. DIS, +0.36%, inched 0.36% higher to $183.65 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.00% rising 0.00% to 31,494.32 and the S&P 500 Index SPX, -0.19% falling 0.19% to 3,906.71. Walt Disney Co. closed $10.20 below its 52-week high ($193.85), which the company achieved on February 12th.
I wonder what the coming week will bring?