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   From: fredfuckedpatti@gmail.com   
      
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   Dow component Walt Disney Co. (DIS) reports Q2 2022 results next   
   week, with analysts looking for a profit of $1.19 per-share on   
   $20.04 billion in revenue. If met, earnings-per-share (EPS) will   
   mark a 51% profit increase compared to the same quarter last   
   year, when renewed Covid restrictions delayed reopening plans.   
   The stock rallied to 157 after beating Q1 estimates in February   
   but that buying spike marked the highest high in the last three   
   months, ahead of a major decline that’s relinquished 25% of its   
   value.   
      
   Politics vs. Profits   
   The Mouse has lost nearly 45% in two months since posting an all-   
   time high above 200 in March, close to repeating 2020’s 49%   
   somersault. Worse yet, the company is entangled in hot-button   
   social justice issues, practically ensuring that half of its   
   diverse customer base is angry with its actions. That’s no way   
   to protect an American brand that’s defined wholesome family   
   entertainment since “Steamboat Willie” was released in 1928.   
      
   Disney rallied in 2020 on the rapid growth of its streaming   
   service but recent subscriber numbers have been mixed, for the   
   same reason that Netflix Inc. (NFLX) recently warned about   
   subscriber losses in the second quarter. Many who were stuck at   
   home with kids in the first year of the pandemic subscribed to   
   Disney+ to keep them engaged between Zoom school sessions. That   
   phenomenon ’pulled forward’ future sales, generating a classic   
   saturated market for streamers.   
      
   Wall Street and Technical Outlook   
   Wall Street has been asleep at the wheel during the Disney   
   decline, generating an ‘Overweight’ consensus based upon 21   
   ‘Buy’, 2 ‘Overweight’, and 8 ‘Hold’ recommendations. Worse yet,   
   price targets currently range between a low of $130 and a Street-   
   high $229 but the stock will trade on Friday more than $20 below   
   the low target. This huge disconnect highlights the failure of   
   analysts to measure the financial impact of the Netflix warning   
   and social justice controversy.   
      
   Walt Disney finally cleared 2015 resistance at 122 in December   
   2020, entering a brief uptrend that hit an all-time high at   
   203.02 in March 2021. The subsequent decline sliced through the   
   2019 high in January 2022, signaling a failed breakout that’s   
   dropped the stock to levels first struck in April 2015. Disney   
   pays no dividend so that horrific performance translates into a   
   zero seven-year return, making it one of the Dow’s worst   
   performers.  Accumulation has dropped to a 10-year low at the   
   same time, further darkening the long-term outlook.   
      
   Catch up on the latest price action with our new ETF performance   
   breakdown.   
      
   Disclosure: the author held no positions in aforementioned   
   securities at the time of publication.   
      
   This article was originally posted on FX Empire   
      
   https://finance.yahoo.com/news/walt-disney-near-two-low-   
   122832113.html   
      
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