Walt Disney Stock (DIS) has been in my portfolio for several years. Last year (2015) Walt Disney Stock returned 30% against capital invested. You can review all the Walt Disney Stock trades for 2015 through this link.
This year Walt Disney Stock trades are again up big and I should be able to beat last year’s 30% return.
Walt Disney Stock Price Falls On Earnings Miss
Walt Disney Stock Price fell in after hours trading today to $101.50 following their miss on earnings and revenue numbers for the latest quarter. What was interesting however was the increase in ESPN profit. That was one area where the stock has been repeatedly hammered as subscriber numbers have been falling.
Walt Disney Stock Price had risen to $106.65 by the close of trading today, up $1.31 per share for a gain of 1.24% ahead of earnings.
Walt Disney Stock Price – 12 Month Chart
The 12 month chart below shows the stock has stayed in a downtrend since setting a 52 week high of $122.08 on August 4 2015. A second rally in November ended at $120.65 on Nov 23. Since then the stock has failed to recover either of those two highs and until recently it was unable to recover the small September 2015 rally that took the stock to $105.95.
The low for the past 52 weeks was on Feb 10 at $86.25.
Walt Disney Stock Price – 12 month chart
After Hours 6% Plunge In Walt Disney Stock Price
After hours the plunge in Walt Disney Stock Price was caused by second quarter earnings coming in at $13 billion, shy of the reduced estimates of $13.21 billion. Today’s revenue numbers for the second quarter matched last year’s number but showed that revenue was essentially flat year over year.
Earnings for the second quarter came in at $1.36 which was also below estimates of $1.40. However earnings were still above last year’s $1.23 for this same quarter.
The rest of this trade strategy discussion and outline is for FullyInformed Members.
Profiting From Walt Disney Stock Price Decline
This is the latest trade idea in Walt Disney Stock (DIS). FullyInformed Members can access this article directly through this link or sign in to the full members site here. Non-members can join here or read about the benefits of a membership.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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