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Post by BWV Dreamin on Oct 4, 2024 13:34:54 GMT -5
Disney's stock falls after weak parks division prompts downgrade Walt Disney Co.’s stock fell 0.9% in premarket trade Tuesday, after Raymond James downgraded it to market perform from outperform, and said a number of headwinds, notably its park division, will keep it range-bound for the next 12 to 18 months. Analysts Ric Prentiss and Brent Penter said feedback from 20 Disney super fans, travel agents, and local business owners, and as Disney confirmed on its fiscal third-quarter earnings call, park attendance and pricing power is slowing meaningfully. “Demand is moderating after a strong post-COVID surge, consumers are still digesting price increases taken in the past ~4 years, and a questionable consumer outlook further complicates the picture,” the analysts wrote in a note to clients. Disney’s slowing park attendance will weigh on the stock, analysts say Disney’s slowing park attendance will weigh on the stock, analysts say Walt Disney Co.’s stock fell 0.9% in premarket trade Tuesday, after Raymond James downgraded it to market perform from outperform, and said a number of headwinds, notably its park division, will keep it range-bound for the next 12 to 18 months Read the full article www.marketwatch.com/livecoverage/stock-market-today-dow-futures-dip-from-record-close/card/disney-s-stock-falls-after-weak-parks-division-prompts-downgrade-MT0F6dRxG3DPIhCCCdv7 |
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Post by BWV Dreamin on Oct 4, 2024 13:36:12 GMT -5
Another good video talking about the downgrade……
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Post by fuzzylogic on Oct 4, 2024 14:41:53 GMT -5
Just be cautious... Upgrades and downgrades happen all the time, so calling out DIS stock as downgraded as if it's something special tells an incomplete story.
For example just a few days prior on 9/30, Seaport Research upgraded Disney to Strong Buy from Neutral, with a $108 target. Complete opposite.
TipRanks says there are 19 analysts covering Disney, and 15 of them rate it a buy while 4 rate it a Hold and 0 Sell.
Zacks says there's 19 Strong Buy, 3 Buy and 6 Hold. Which is an upgrade from a week ago when there were 17 Strong Buy.
So, just take articles like this w a grain of salt. When they hit news feeds they're more press than anything. When their financial basis is interviewing 20 "super fans"... well.. shrug.
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Post by BWV Dreamin on Oct 4, 2024 14:44:35 GMT -5
I don’t know, I feel this is different. Disney stock is down 60% since the pandemic. It’s no secret the new Universal Park ( Epic?) is going to put a hurt on Disney. Prices have done nothing but go up with few park improvements. There is a breaking point. Are Disney fans speaking with their wallet?
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Post by brp on Oct 5, 2024 14:11:38 GMT -5
I don’t know, I feel this is different. Disney stock is down 60% since the pandemic. It’s no secret the new Universal Park ( Epic?) is going to put a hurt on Disney. Prices have done nothing but go up with few park improvements. There is a breaking point. Are Disney fans speaking with their wallet? And yet Universal had more of an attendance decline in 2023 than did Disney. So, yeah, hypers gonna hype. As fuzzylogic alluded - nothin' to see here.
Cheers.
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Post by fuzzylogic on Nov 14, 2024 11:39:34 GMT -5
Since posting this 6 weeks ago, DIS stock has gone up consistently and today it's surging $8. It's up about 17% at $110 from when this was posted at $94.
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Post by BWV Dreamin on Nov 14, 2024 16:06:08 GMT -5
Since posting this 6 weeks ago, DIS stock has gone up consistently and today it's surging $8. It's up about 17% at $110 from when this was posted at $94. Stocks across the board are up since election night. I would not attribute its gains based on performance. Today Disney released their quarterly earnings. Barely met expectations, streaming service is what helped them. I’m not putting too much stock in the meager gains. |
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Post by fuzzylogic on Nov 15, 2024 9:44:39 GMT -5
Stocks across the board are up since election night. I would not attribute its gains based on performance. Today Disney released their quarterly earnings. Barely met expectations, streaming service is what helped them. I’m not putting too much stock in the meager gains. 17% in 6 weeks. Meager gains. All I'm pointing out is this original blogger, with his cartoon of a lion sucking his thumb - got it completely wrong. If you'd bought the day he said to sell and sold yesterday you'd have made more in the market in 6 weeks than average growth over 2 years. The week following the election D was somewhat flat / minor gains. It went up in the last couple days cuz of the earnings call. Yeah streaming helped this time. |
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Post by dlwdwdvc on Nov 16, 2024 8:19:05 GMT -5
Iger selling a lot of stock hidden in that news . How will that affect the price?
I guess he just got lucky selling off as price rose…
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Post by BWV Dreamin on Nov 18, 2024 14:54:59 GMT -5
More Disney layoffs reported today. Obviously concerned about their last earnings report.
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Post by henrycpa on Nov 21, 2024 11:53:40 GMT -5
Stock trading requires removing emotions from trades. Disney is tough because of that. Until Disney returns to good dividends I plan to avoid it.
Disney is a stock heavilty effected by economic conditions. They have tried to diversify as best they can from an "entertainment" mission focus and have feet in multiple entertainment areas (Media and streaming, Parks, Travel, Cruise, etc) but I think we are just starting to see what will happen with media and streaming and the effect of AI.
So, for me DIS is a non touch at this point.
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