Jefferies Remains Sidelined on Disney (DIS) Following Mixed 2Q

Nomura Securities Remains Bullish on Disney (DIS) as 2Q Results Miss Expectations

May 11, 2016 10:03 AM EDT

Nomura Securities maintained a Buy rating and $115.00 price target on Walt Disney (NYSE: DIS) following the company's 2Q earnings report. Star Wars: The Force Awakens and Zootopia propelled 69% YoY growth in theatrical distribution revenue. However, revenue and operating income declined at Consumer Products and Interactive Media,... More

FBR Capital Reiterates Outperform on Disney (DIS) Following 2Q EPS Miss

May 11, 2016 8:55 AM EDT

FBR Capital reiterated an Outperform rating and $111.00 price target on Walt Disney (NYSE: DIS) following the company's 2Q earnings report. Adjusted EPS of $1.36 missed consensus by $0.03. Disney does not guide to quarters and does not steer the Street.

Analyst Barton Crockett commented,... More

Disney's (DIS) Q2 Results Not as Bad as it Looks, Says Deutsche Bank

May 11, 2016 8:19 AM EDT

Deutsche Bank maintained an Hold rating on Walt Disney (NYSE: DIS) with a price target of $113. Shares weakened following the release of disappointing Q2 results, but analyst Bryan Kraft doesn't think earnings were as bad as it looks.

The analyst explained, "We dont think, at this point, that the implications for the forward outlook are as... More

Disney (DIS) F2Q16: Another Reset And It's Not Over Yet - Bernstein

May 11, 2016 8:18 AM EDT

Bernstein analyst, Todd Juenger, believes that shares of Disney (NYSE: DIS) are likely to be caught in a trading range because " few entertainment companies have the durability, diversification, and raw IP-creating power and library of Disney" but estimates took another leg down and could face additional compression in the future. No change to Market Perform rating and $110 PT recognizing that there is likely to be volatility near term.

3 reasons the street won't like Disney earnings:

1) a big miss versus expectations at Consumer... More

Wall Street slumps as Disney and Macy's slam consumer shares

May 11, 2016 7:38 AM EDT

By Noel Randewich

(Reuters) - U.S. stocks dropped on Wednesday and the Dow Jones industrial average suffered its worst day since February as feeble quarterly reports from Walt Disney, Macy's and Fossil undermined confidence across the consumer sector.

The consumer discretionary index fell 1.98 percent, notching its worst day in three months, with all but three of its 88 components losing ground.

The biggest drag on the Dow, Disney (NYSE: DIS) dropped 4.04 percent after it posted a rare earnings miss.

Department store Macy's (NYSE:... More

Disney (DIS) Weakness Wasn't ESPN, Several Reasons To Be Bullish - Piper Jaffray

May 11, 2016 7:17 AM EDT

Piper Jaffray analyst, Stan Meyers, kept his Overweight rating on Disney (NYSE: DIS) as outperformance at the studio was offset by underperformance at A&E, the shutdown of Infinity, and the negative currency impact. No change to the $120 PT.

Revenues and operating... More

Disney (DIS) volatility elevated into less than expected results into China park opening

May 11, 2016 7:04 AM EDT

Disney (NYSE: DIS) is recently down $5.26 to $101.39 in the premarket after reporting Q2 Cable Networks revenue was down 2% to $4B. May weekly call option implied volatility is at 48, May is at 29, June is at 21; compared to its 52-week range of 15 to 43.

... More

Early pre-open market-options summary

May 11, 2016 7:01 AM EDT

Globex S&P futures are recently down 4.50 from previous days SPX cash close as the dollar pulls back from a two-week high. Nikkei 225 up 0.08%, Hang Seng down 0.89%, DAX down 0.62%. WTI Crude oil is recently at $44.31, natural gas up 0.09%, gold at $1274 an ounce, copper up 1.58%.

Stocks and options... More

Corporate results weigh on shares; oil rallies

May 10, 2016 8:53 PM EDT

By Lewis Krauskopf

NEW YORK (Reuters) - U.S. and European stocks retreated on Wednesday amid disappointing corporate earnings, while oil prices surged for a second day as data showed U.S. crude inventories fell unexpectedly last week.

The U.S. dollar fell 0.5 percent against a basket of currencies after rallying for six consecutive days, as investors looked to book profits. The yen rebounded 0.7 percent against the dollar , halting declines against the greenback as Japan has threatened to intervene on its currency.

U.S. Treasuries extended their price gains after a strong government auction of $23 billion... More

After-Hours Stock Movers 05/10: (FUEL) (SQBG) (EA) Higher; (FOSL) (CJES) (FOGO) (DIS) Lower (more...)

May 10, 2016 5:42 PM EDT

Today's After-Hours Movers:

Fossil Group (NASDAQ: FOSL) 29% LOWER; reported Q1 EPS of $0.12, $0.03 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $659.8 million versus the consensus estimate of $666.6 million. GUIDANCE: Fossil Group sees FY2016 EPS of $1.80-$2.80, versus the consensus of $3.02.

Rocket Fuel (NASDAQ: FUEL) 25.6% HIGHER; reported Q1 non-GAAP EPS of ($0.28), versus ($0.60) reported last year. non-GAAP Revenue for the quarter came in at $62.2 million, versus $58.8 million reported last year.

TransEnterix (NYSE:... More

Disney (DIS) ABC scatter pricing up 20% this quarter; EPSN ad revs down 13%

May 10, 2016 5:11 PM EDT

Disney (NYSE: DIS) says ABC scatter pricing up 20% this quarter; says EPSN ad revenue is down 13% in the quarter.

... More

Disney (DIS) Misses Q2 EPS by 4c, Sale Miss

May 10, 2016 4:18 PM EDT

(Updated - May 10, 2016 4:19 PM EDT)

(Update corrects revenue)

Disney (NYSE: DIS) reported Q2 EPS of $1.36, $0.04 worse than the analyst estimate of $1.40. Revenue for the quarter came in at $13.0 billion versus the consensus estimate of $13.19 billion.

"We're very pleased with our... More

Amazon delivers S&P 500 its best day in two months

May 10, 2016 7:21 AM EDT

By Noel Randewich

(Reuters) - U.S. stocks rose across the board on Tuesday, with a jump in oil and a rally in Amazon.com helping propel the S&P 500 to its best day in two months.

Buoyed as well by higher global stock markets, Wall Street's gains appeared to breathe new life into a two-month rally that had petered out in mid-April, and left the S&P 500 with an increase of nearly 2 percent for 2016.

Amazon (NASDAQ: AMZN) jumped 3.43 percent to a record of $703.07, giving the biggest boost to... More

Trading Radar for 5/10: Disney (DIS), Electronic Arts (EA), Fossil (FOSL), Lumber Liquidators (LL), SodaStream (SODA) Report

May 9, 2016 2:47 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Earnings:

AECOM Technology (NYSE: ACM) - consensus EPS $0.72
ARIAD Pharma (Nasdaq: ARIA) - consensus loss $0.27
AgroFresh Solutions (NYSE: AGFS) - consensus loss $0.05
Allergan (NYSE: AGN) - consensus EPS $3.04
Alliqua (Nasdaq: ALQA) - consensus loss $0.25
Anacor Pharma (Nasdaq: ANAC) - consensus loss $0.35
Aralez Pharma... More

Piper Jaffray Reiterates Overweight as 'Captain America 3' Pushes Disney (DIS) to $1B in Record 128 Days

May 9, 2016 8:24 AM EDT

Piper Jaffray reiterated an Overweight rating and $120.00 price target on Walt Disney (NYSE: DIS) as Captain America 3 records a strong opening. The film scored $182M at the domestic box office. Piper expects the momentum to continue with solid critic reviews, a rare 'A' CinemaScore and limited competition ahead should help the film exceed expectation of... More