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Stock to watch this week: $DIS

The entertainment giant Walt Disney (NYSE: DIS) stock hits a fresh 52-week low of $106.48 on Monday. Disney is scheduled to report second-quarter financial results after the U.S. markets close on Wednesday, May 11.

Stock to watch this week: $DIS

The entertainment giant Walt Disney (NYSE: DIS) stock hits a fresh 52-week low of $106.48 on Monday. Disney shares have fallen almost 30% since the beginning of the year. The stock dropped another 3% on Monday ahead of the earnings report.

Walt Disney is scheduled to report second-quarter financial results after the U.S. markets close on Wednesday, May 11. The company is expected to post quarterly earnings of $1.19 per share and revenues are expected to be $20 billion. The investors should also closely monitor the Disney+ net paid subscriber additions because recently streaming pioneer Netflix's first-quarter earnings report showed slowing subscriber growth.

$DIS weekly technical outlook

Technically the overall momentum remains bearish. While considering the strong bearish sentiment if the company reports better-than-expected last quarter earnings results on Wednesday there are chances the stock picks up upside momentum. In the short-term, the first resistance is located around $112, a break above this level will confirm a possible move to $117/120. On the downside, If the recent selling pressure continues the next strong support level to watch $100.

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Stock to watch this week: Micron

Stock to watch this week: Micron

Shares of one of the world’s largest semiconductor chip manufacturers, Micron Technology (NASDAQ: MU) traded with a bid tone for the entire last week. Micron is scheduled to report the second-quarter financial report this week, which is due out after the close on Tuesday, March 28.

Weekly review: Gold, USD, EURUSD and Dow Jones

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Weekly review: Gold, USD, EURUSD and Dow Jones

Weekly review: Gold, USD, EURUSD and Dow Jones

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