Walt Disney Co. delivers this week’s earnings calendar, highlighting analysts’ expectations for a profit of just $0.52 per share on $18.78 billion in revenue. The stock struggled in 2021, experiencing a 5% year-to-date loss, compared to the 27% return in 2020. The slow pick-up of revenue from advertising, the box office, and the theme park has impacted earnings. However, customer churn at the Disney+ streaming service and slowing growth weigh heavily on investor sentiment.
Boeing Co. (BA)
This week, aerospace giant – Boeing Co. was near 200, shaping the last leg of a bullish triple bottom. It happened after Pfizer Inc. announced an oral treatment for patients with coronavirus. Most affected sectors and companies (including Boeing Co.) from the pandemic now have high hopes that the medicine will end government restrictions and encourage business travelers to return to flights. The company will issue a buy signal once it can break out beyond descending trendline resistance near around 228.
Shiba Inu Coin
Last week, Shiba Inu fell into the 11th slot in the crypto market cap turning lower after posting an all-time high at 0.00008871 by the end of October. A 29% bounce ended a selling flow triggered by a $42.4 billion token sale on Friday. However, the coin might need another leg down in order to attract the buy-the-dip crowd. Now traders should direct their efforts at 50-day moving average support that is now lifted to 0.0000376. it is because that’s where the big breakout in September unfolded.
iShares Russell-2000 ETF (IWM)
Last week, iShares Russell-2000 ETF broke out over a 10-month balanced triangle lifting to an all-time high at 243.41 on Friday. It already seems like it’s too overbought to follow the uptick, suggesting late-to-the-party traders sit and wait for a pullback to new support between 231 and 235. Traders should keep in mind that, at the moment, this index is best traded as a long-term position as the small-cap seasonality will remain highly positive until the beginning of 2022.
Wynn Resorts Ltd. (WYNN)
This year, Wynn Resorts Ltd. was battered and bruised, posting a 14% year-to-date loss, affected by pandemic crosswinds. It rallied into the beginning of 2021 and turned lower as the Delta variant forced players to stop visiting Las Vegas and Macao. After Tuesday’s closing bell, the company plans to report Q3 results.
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