Stocks Analysis by Investing.com (Jesse Cohen) covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, Caterpillar Inc. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Recession fears, U.S. jobless claims, and more earnings will be in focus this week.The InvestingPro Summer Sale is live: Subscribe for under $8/monthsliding into a correction after a weaker than expected July jobs report stoked fears that the economy is headed toward a recession.The week ahead is expected to be another eventful one as investors continue to gauge the outlook for the economy and interest rates.
Market participants expect a sizable swing in LLY stock after the update drops, according to the options market, with a possible implied move of roughly 8% in either direction. Earnings have been catalysts for outsized swings in shares this year, as per data from InvestingPro, with Lilly stock jumping approximately 5% when the company last reported quarterly numbers in late April.
Investors will also be looking for updates on Eli Lilly's pipeline, particularly the progress of its Alzheimer's treatment, Donanemab, which could become a significant revenue driver if approved by the FDA. Be sure to check out InvestingPro to stay in sync with the market trend and what it means for your trading.I believe Disney’s stock will suffer a difficult week ahead, with a potential revisit to recent lows on the horizon, as the entertainment conglomerate’s latest earnings will underwhelm investors amid a weak performance in its key streaming and linear TV businesses.
Underscoring several headwinds Disney faces amid the current macro environment, an InvestingPro survey of analyst earnings revisions points to mounting pessimism ahead of the FQ3 print, with 16 out of 17 analysts cutting their EPS estimates in the last 90 days.Wall Street sees the House of Mouse earning $1.19 a share for the three-month period ended July 1, increasing 15.5% from a profit of $1.03 in the same quarter last year. Meanwhile, revenue is forecast to rise 3.3% year-over-year to $23.
DIS stock closed at $89.57 on Friday, falling back towards a four-year low of $78.73 reached in October 2023. At current levels, Disney has a market cap of $163.3 billion.The entertainment company’s stock has underperformed the broader market by a wide margin in 2024, with DIS shares down about 1% year-to-date.I regularly rebalance my portfolio of individual stocks and ETFs based on ongoing risk assessment of both the macroeconomic environment and companies' financials.
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