Gotta love it, DIS shows off some streaming and goes ballistic. Up $13.46 while NFLX
goes down $16.51. While that may seem pretty even, DIS has a lot more shares than NFLX
, so DIS market cap goes up $24.2B today while NFLX
market cap goes down $7.2B. So in the end effect, the market added $17B in value today, which is why it's so hard to short indices. (Both DIS and NFLX
are in S&P 500
.) I don't recommend shorting index funds, look for sector ETFs and individual stocks.
To give you an idea of how much money that is, that's more than NFLX
revenue for all of last year ($15.7B), lol.
As for DIS, I'm not chasing it or shorting it. Chances are pretty high that a bunch of analysts will pump this like they did with NFLX
, but eventually it will close this gap.