|Day Low/High||92.56 / 96.22|
|52 Wk Low/High||79.07 / 153.41|
In the short term, market direction is going to be dictated by reaction to extremely poor economic news.
The mouse is roaring... Disney over $102 (Trade of the Week at $93 yesterday!). Added to banks, ViacomCBS , Goldman Sachs (last week's Trade of the Week) and hotels, and .
Investors are wise to take a wait-and-see approach amid store closures, furloughs, social distancing and other measures in response to the outbreak.
I can't recall when Disney's and Netflix's market capitalizations were the same. But it is the case now with DIS at $170 billion and NFLX at $165 billion.
I sold out my trading long rental on Penn Gaming based on the announcement of a refinancing. More later. I added to , , , and this morning.
* And I am placing DIS on my Best Ideas List (long) For nearly four years I have been negative on the shares of Disney (the stock was on my Best Ideas List (short) for that period) - citing among other things that the company's EPS growth rate would...
Should the stock market continue to follow through after Tuesday's historic advance traders and investors will be faced with some tough decisions: * Does one sell off the trading layer of our portfolios? * Should we maintain our longer term investme...
But don't get caught thinking volatility is in the past and we're all clear.
Over the last few days I have established new positions in , , , , , , , , , , , and some other more speculative investments. I also initiated a long S&P futures position which I will jettison on an extension of this rally (if it occurs).
Here are five investment and acquisition ideas for Warren Buffett/Berkshire Hathaway (that fit his criteria): * Deere * Federal Express * Disney * Boeing * Hilton
* Before you read this opening missive be sure you understand your risk appetite and profile as well as your time frame * I see a possible "generational" investment opportunity developing and I am now even more aggressively buying for the intermedia...
One of the best things that any trader or investor can do is to overcome inertia.
The big gains will come in a bull market, not when stocks are struggling to find support in a bear market.
Here's how to play Disney after it fell to 5-year lows this week and remains under threat from the Covid-19 outbreak.
I believe this is just bounce action at this point and not a bottom, but I'm playing it.
*Liking action in some stocks I always look for green stocks in a sea of red. Possible trading rentals (and stocks that are positive on the day) include: , , , , , .
I added to , , , , , , and this morning. A reminder that yesterday I initiated new positions in , , , , and .
What is relevant is the emotion and the fear. You want to start buying Disney in bigger size when that emotion shifts and the price action also shifts.
I wonder if we are seeing the first sign of the market catching its breath.
There is a real chance to make some money out there if you have the cash -- and Disney is a perfect example of that.
I still don't think it's a terrible time to begin accumulating shares in quality companies for the long-term.
'Take care of the pennies and the pounds will take care of themselves.'
The market continues to hold on to decent gains as investors await comments from the POTUS at 3. Disney continues to show an 'abundance of caution' as we are seeing from so many corporations in response to the Covid-19 outbreak. The company has anno...
DIS is oversold and could bounce but be very careful as renewed selling could break key chart levels.
The spread of the Covid-19 virus must be slowed dramatically before the entire nation is in a state of isolation.