Disney (DIS) Offering Possible 16.01% Return Over the Next 9 Calendar Days

Disney's most recent trend suggests a bullish bias. One trading opportunity on Disney is a Bull Put Spread using a strike $137.00 short put and a strike $132.00 long put offers a potential 16.01% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $137.00 by expiration. The full premium credit of $0.69 would be kept by the premium seller. The risk of $4.31 would be incurred if the stock dropped below the $132.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Disney is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Disney is bullish.

The RSI indicator is at 60.16 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

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LATEST NEWS for Disney

Richest Could Lose Hundreds of Billions Under Warren Wealth Tax
Tue, 10 Sep 2019 08:00:00 +0000
(Bloomberg) — Billionaires such as Jeff Bezos, Bill Gates and Warren Buffett could have collectively lost hundreds of billions of dollars in net worth over decades if presidential candidate Elizabeth Warren’s wealth tax plan had been in effect — and they had done nothing to avoid it.That’s according to calculations in a new paper by two French economists, who helped her devise the proposed tax on the wealthiest Americans.The top 15 richest Americans would have seen their net worth decline by more than half to $433.9 billion had Warren’s plan been in place since 1982, according to the paper by University of California, Berkeley professors Emmanuel Saez and Gabriel Zucman.Despite relying on some hypothetical assumptions, the calculations highlight what could be a key question in Thursday’s debate among Democratic Party presidential contenders: What should the U.S. do to address yawning income and wealth inequality?The authors’ figures don’t take into account any steps billionaires might have taken to reduce their exposure to the tax, including saving less or giving more money away. Instead, the paper assumes that rich Americans effectively do the opposite: they reduce, rather than increase, charitable giving and consumption, in proportion to the wealth lost through the tax.For Amazon.com Inc. founder Bezos, his estimated fortune of $160 billion in 2018, before his divorce settlement this year, would have been reduced to $86.8 billion. Microsoft Corp. founder Gates would have seen his shrink to $36.4 billion from an estimated $97 billion.The calculations underscore how a wealth tax of just a few percentage points might erode fortunes over time and presumably reduce wealth inequality.Besides the top five richest Americans, the paper also analyzed how Warren’s proposed tax would impact the fortunes of other wealthy individuals, including Charles Koch; Walmart Inc. heirs Jim, Rob and Alice Walton; and Michael Bloomberg, founder of Bloomberg News parent Bloomberg LP.Billionaires of more recent vintage on the list experience smaller proportional declines in net worth because they would have been subject to the tax for shorter periods of time.The authors’ assessment of how the wealthy would fare under Warren’s tax plan is just a small part of a wide-ranging paper laying out the rationale for such a proposal and setting out how it might work.Tax PlanMassachusetts Senator Warren has proposed that the wealthiest 75,000 households pay an annual tax of 2% on each dollar of their net worth above $50 million. It would rise to 3% on every dollar above $1 billion. She has said this would combat rising inequality.Critics have charged that the tax would be hard to administer and easy to avoid. They’ve also questioned its constitutionality.Zucman and Saez used Forbes magazine estimates of individuals’ 2018 wealth as a baseline for comparison in their analysis on the impact of the Warren tax. The magazine has tracked the net worth of the rich since 1982.Some of the wealthiest Americans, including Buffett and Gates, have said people like themselves should be required to pay more in taxes.Billionaire investor George Soros, heiress Abigail Disney and 17 other wealthy individuals published an open letter in June in support of Warren’s wealth tax and said lawmakers have a moral responsibility to levy higher taxes on the rich.Both Saez and Zucman have have conducted research with Thomas Piketty, whose best-selling book put a spotlight on income and wealth disparities.To contact the reporters on this story: Rich Miller in Washington at rmiller28@bloomberg.net;Laura Davison in Washington at ldavison4@bloomberg.netTo contact the editors responsible for this story: Margaret Collins at mcollins45@bloomberg.net, ;Joe Sobczyk at jsobczyk@bloomberg.net, Sarah McGregor, Robert JamesonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

Can Disney Make Skinny Bundles Work?
Mon, 09 Sep 2019 21:00:00 +0000
Live TV streaming services have a short and troubled history.

4 Stocks I Like For The Next Decade
Mon, 09 Sep 2019 17:20:00 +0000
There are certain industries that I think have big potential over the next decade. Here are a few names I like.

Launch Event Is Unlikely to Boost Apple Stock
Mon, 09 Sep 2019 15:54:26 +0000
Apple (NASDAQ:AAPL) stock is back to its highs. Resistance around $215 has held on a couple of occasions for Apple stock so far this year. AAPL bulls no doubt are hoping that this time, the stock can break through.Source: mama_mia / Shutterstock.com One potential catalyst could be this week's product event. It's likely that Apple will release the new iPhone, although the company hasn't confirmed that fact. A compelling launch coupled with growth in services and a still-cheap valuation could push — and keep — Apple stock past $215. All-time highs of $235 conceivably could be next.But I'd be cautious in expecting too much, if anything, from this week's launch. iPhone launches historically haven't been great news for AAPL stock. The news this year very well could be underwhelming.InvestorPlace – Stock Market News, Stock Advice & Trading TipsTo be sure, I remain skeptical toward Apple stock at these levels, and AAPL has defied that skepticism so far. It may do so again. But investors should at least be wary of the fact that history might repeat itself — and that would not be good news for Apple. What to Expect on TuesdayApple historically has launched new iPhones in early September, which informs speculation that it will do so again this year. Right now, it appears likely that the iPhone 11 will be announced, along with two other models. * 7 Best Tech Stocks to Buy Right Now There may be additional news as well. Apple may have an update on Apple TV+, which was formally announced at a similar event back in March. iPad, Apple Watch, and MacBook models may be added to the list of product announcements. What the Event Might Mean for Apple StockThe obvious worry is that Apple's event simply isn't going to be all that newsworthy. A 5G model reportedly isn't on the way until 2020. There may be some upgrades in terms of the camera or interface, but a transformative change to the iPhone simply isn't going to be announced this week.And so the risk is that the news — or lack thereof — only serves to highlight the long-running, hardware-focused concerns surrounding AAPL stock. The iPhone still drives over half of Apple revenue. It's why the market only assigns a 17x forward price-to-earnings multiple to Apple shares."If this is just a better camera and apps and faster processor with no form factor change, what is Apple going to do?" Nucleus Research CEO Ian Campbell told CNBC. "I think it's a tough moment for Apple and it's going to be very carefully scripted."Outside of hardware, Apple doesn't seem to have a game-changing announcement to make. Apple TV+ looks both thin and late. Netflix (NASDAQ:NFLX) already has dominating market share. Disney (NYSE:DIS), AT&T (NYSE:T), and Comcast (NASDAQ:CMCSA) are coming to market.The Apple Watch still is a small contributor to revenue — and at this point has permanently dispatched Fitbit (NYSE:FIT). The iPad, laptops and desktops aren't moving the needle either. It's simply tough to see how Apple can get investors excited on Tuesday. iPhone Launches Have Pressured AAPL StockThere's another factor to consider as well. In the past, AAPL stock often has struggled after iPhone launches. As I detailed a year ago, shares fell sharply in 2012, 2015 and 2016 either immediately ahead of or after the launch. That pattern repeated last year as well: Apple stock went from an all-time high in September to a two-year low in December.Obviously, market movements were a key factor last year (and on occasion in the past as well). And it may be that lower expectations this time around suggest less downside for the stock.But last year's launch wasn't supposed to be a big deal, either. Yet it created another "sell the news" event for AAPL. If history repeats, particularly with Apple stock at the highs (and resistance), the fourth quarter of 2019 could be as tough as the fourth quarter of 2018.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 3 Artificial Intelligence Stocks to Buy * 7 Industrial Stocks to Buy for a Strong U.S. Economy * 3 Beaten-Down Bank Stocks to Buy and Hold for the Long Term The post Launch Event Is Unlikely to Boost Apple Stock appeared first on InvestorPlace.

The Zacks Analyst Blog Highlights: Microsoft, Home Depot, AbbVie, Disney and Host Hotels
Mon, 09 Sep 2019 15:20:03 +0000
The Zacks Analyst Blog Highlights: Microsoft, Home Depot, AbbVie, Disney and Host Hotels

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