Today we are watching…
1. Disney (#disney)
Disney is gearing up for an important earnings report today that may justify its impressive annual performance of +30.72%. Although the company has been on a serious hot-streak, boosted by Avengers hype, Disney+ and some more big movies to come, analysts have been downgrading its chances at an earnings beat in the lead up to today. The stock has also almost doubled its industry’s performance this quarter which has analysts worried that a lot of the buying pressure is already overdone. Keep your eyes peeled, you don’t want to miss this one.
2. Etsy (#etsy)
E-commerce website, Etsy, has been on an unstoppable bull run, rising 123% in a 52 week period, but analysts are feeling skeptical about today’s earnings announcement. The company has made considerable investment in its infrastructure and explored more efficient discovery, consumer marketing and product development initiatives this quarter. However, analysts anticipate macroeconomic headwinds are likely to dampen consumer spending on its more expensive vintage and handmade product line. Best of luck, Etsy.
Avengers Crushes Box-Office Records