A drop in shares doesn't necessarily mean it's time to turn the channel on Viacom, as details of expected merger with CBS will prove 'paramount.'
The technical signs do not instill a ton of confidence, though a bit of strength could change the outlook.
Viacom shareholders may finally be rewarded this week for their patience.
Disney has been the target of my negativity on and off over the last three years.
Disney's third-quarter miss comes in a weak broader market and could send the entertainment giant's shares below support.
With investments in streaming, the Fox buy, and its upcoming entertainment bundle, the content king is poised for long-term gains, despite misses in the third quarter.
Traders should be aware that the marketplace is a discounting mechanism and approach Disney shares accordingly.
"The Lion King" is off to a roaring start for the company but is just the latest hit this year for the House of Mouse.
Netflix stock is being knocked down as U.S. consumers change the channel.
Buying the dip on disappointing news out of the streaming giant may not be a successful strategy here.