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Disney just posted a harrowing earnings miss for quarter one. Its stock fell in after hours trading, along with Dow futures and ETFs. The stunning report could shell shock the Dow the rest of this week. Disney badly missed Wall Street expectations in its first quarter earnings report. That is likely to drag down Disney…
UFC 249, which was scheduled to go ahead despite all other sporting events shutting down, has finally been canceled. Despite UFC President Dana White telling everyone the fight would happen, he was closed down by Disney. As of now, all UFC events are on hold. Dana White isn’t the type to quietly accept what he’s…
Investors added more than $20 billion to Disney’s market cap on news that its streaming service surpassed 50 million subscribers. That’s not nearly enough to offset the revenue losses its parks segment will suffer as a result of coronavirus. It’s unclear whether the bulk of those subscribers will quit once lockdowns have lifted. This week…
Disney launched its much-hyped Disney+ streaming service today, but there was a technical glitch. Investors were able to overlook the setback, sending DIS shares higher while Netflix was trading in the red. Customers were less forgiving. Investors must have not received the memo but the Disney+ launch was a total flop. Disney’s stock is rallying…
