DIS earnings announcement target $128

DIS Q4 earnings 11/12 at 4:05pm
Consensus: p/e = ($0.68)
Revenue: $14.34 Billion

I just don’t think that there will be a favorable price action after it’s earnings announcement. I think Mondays manic market took the wind out of DIS surprise better than expected earnings loss, if there is one. If you are a long term investor, this will just be a temporary hiccup. Disney has a long term uptrend going into next year with hopes for parks re-opening and the strengthening of it’s Disney+ online until then. If you are trading DIS tomorrow, it will most likely trade up for a fair time, but I’d be short into 4pm close - Friday’s open. Also, depending on how the earnings call goes, positive guidance could, with a lesser probability, persuade positive price action too.

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