3 Ways Disney Stock Could Move Higher This Week
The market just had its best week in a long time, and Walt Disney (NYSE: DIS) didn't sit out the buoyancy. Shares of the media giant rose 7.2% last week, better than the general market's 5.9% jump. This new trading week could be even better.
There's a lot going on at Disney in the coming days. The stock began last week near the nine-year low it hit in early October. If it successfully navigates through earnings season, gets back on track at the corner multiplex, and does something that it hasn't done in four years, it could be a winning week for Disney investors.
Disney reports financial results for the fiscal fourth quarter on Wednesday afternoon. Expectations are mixed. Analysts are targeting $20.13 billion in revenue, essentially where it was for the final frame of fiscal 2022 a year ago. It doesn't mean that the House of Mouse is simply walking in place.
Source Fool.com
