The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Recently, Zacks.com users have been paying close attention to Disney (DIS). This makes it worthwhile to examine what the stock has in store.
You might not view Walt Disney (DIS -0.11%) as a holiday play, but the media giant is built for December. It's a conglomerate ripe for this time of year.
Earlier this month Disney announced sparkling results for its latest quarter buoyed by the box office success of Inside Out 2 and Deadpool & Wolverine. However, buried right at the very bottom of the list of key points on its earnings report was the revelation that a dark cloud is hanging over its theme park division.
Disney's TV networks and streaming platform are getting a boost from the expanded College Football Playoff this season — particularly when it comes to advertising. That's expected to continue during the slate of college football games scheduled throughout the Thanksgiving weekend.
Disney streaming business has been picking up steam in recent quarters. While streaming giant Netflix remains the dominant player in the streaming space - with its stock up over 85% this year, compared to Disney's 31% gain, and a market cap surging to over $380 billion, roughly twice Disney's $200 billion - Disney is quietly making strides in the streaming space that investors shouldn't overlook.
Disney brought the magic in 2024, but it isn't out of the woods just yet. Streaming turned a profit for the first time, and it righted the ship at the box office.
Disney's recent earnings report generated positive price action, but the stock still has a long way to reach its $200 level from March 2021. CEO Robert Iger remains at the helm, focusing on cost-cutting and streaming growth to navigate industry disruptions. Disney's Q4 saw strong financials with EPS growth and increased free cash flow, but linear networks remain a challenge, and debt is still an opportunity.
Disney's "Moana 2" is set to hit theaters Wednesday and generate between $120 million and $150 million in box office receipts in the U.S. and Canada through Sunday. It'll be joined by Universal's "Wicked" and Paramount's "Gladiator II," both in their second week of domestic screenings.
Walt Disney Co (NYSE:DIS, ETR:WDP) has reportedly agreed to pay $43 million to settle a lawsuit accusing the company of underpaying female employees compared to male counterparts in similar roles. The case, initiated in 2019 by former employee LaRonda Rasmussen, alleged significant pay disparities, including one male colleague earning $20,000 more annually despite less experience.
Walt Disney has agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million less than their male counterparts over an eight-year period, the plaintiffs' lawyers said in a statement on Monday.
Iger sold 372,412 shares of Disney on Friday, according to a filing with the Securities and Exchange Commission.