I've been scanning the US equities market for some interesting companies to accumulate.
Disney caught my attention.
Fundamental
The fundamentals for Disney is very strong -
1) Revenue has been growing for the past 5 years; 2) Net income has been growing for the past 5 years; 3) FCF has been increasing for the past 5 years; 4) Net margin has been increasing for the past 5 years, and is above 15%; 5) ROE has been increasing for the past 5 years, and is above 20%; 6) ROA has been increasing for the past 5 years, and is above 10%.
Some minor concerns -
1) Current ratio has been hovering just above 1.00; 2) Quick ratio has been hovering slightly below 1.00; 3) Debt-to-equity ratio has been increasing, but still below 0.5%.
Technical
I'm seeing a potential expanding diagonal forming with divergence. Potential retracement level is between 97.68 to 101.20. This provide us with a decent area to start accumulating Disney.
P.S. This is not a trade call, nor is this analysis fully extensive, so do your own due diligence.
@Will Wong, thanks! i'm keeping a close watch on this too
Will_Wong
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@akyong, Has DIS entered your accumulation zone yet? The market overall increase in volatility is sure putting on this stock though.
KarYong
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@Will Wong, price is now in a good accumulation zone. but I will personally prefer to wait for a confirmation. I'm a more conservative trader/investor :)
KarYong
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@akyong, this is what i meant
Will_Wong
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@akyong,
In a day when the market went up quite a bit, DIS dropped. Not too good.