Disney stock is up 2.6% to $99.71 in pre-market trading, indicating a positive start for the Dow Jones component. The move comes as US futures are mixed, with the Dow Jones futures up 0.2% and the NASDAQ futures down 0.1%. The S&P 500 futures are flat, as investors await key earnings reports and economic data.
What's Happening Right Now
US futures are indicating a cautious start to the trading day, with the Dow Jones futures trading at 32,456 and the NASDAQ futures at 13,161. The S&P 500 futures are at 3,946, unchanged from the previous close. In pre-market trading, DIS is up 2.6% to $99.71, while other notable movers include NFLX up 1.2% to $382.12 and TSLA down 0.5% to $703.21.
Why It Matters for US Investors
The pre-market move in DIS stock is significant for US investors, as it indicates a positive sentiment towards the media and entertainment sector. The company's recent earnings report showed a 12% increase in revenue, driven by growth in its Disney+ streaming service. US investors will be watching for further catalysts, including the upcoming Federal Reserve meeting and key economic data releases, such as the non-farm payroll report due on Friday.
The mixed US futures indicate a cautious approach by investors, as they weigh the impact of inflation and interest rate hikes on the US economy. The 10-year Treasury yield is at 1.63%, up 2 basis points from the previous close, while the US dollar index is at 92.12, down 0.1%.
What Analysts Are Saying
Analysts are bullish on DIS stock, with a consensus target price of $115.23. According to Refinitiv, 24 out of 30 analysts have a buy rating on the stock, while 5 analysts have a hold rating and 1 analyst has a sell rating. The analysts' views are supported by the company's strong fundamentals, including a price-to-earnings ratio of 23.12 and a dividend yield of 1.23%.
Key Takeaways
- DIS stock is up 2.6% to $99.71 in pre-market trading.
- US futures are mixed, with the Dow Jones futures up 0.2% and the NASDAQ futures down 0.1%.
- The Federal Reserve meeting and key economic data releases, such as the non-farm payroll report, are due this week.
Frequently Asked Questions
What is the current price of DIS stock?
The current price of DIS stock is $99.71 in pre-market trading.
What are the key earnings reports due today?
Key earnings reports due today include COF and DFS, both of which are scheduled to report before the market opens.
What is the outlook for the US economy?
The outlook for the US economy is cautious, with inflation and interest rate hikes expected to impact growth. However, the non-farm payroll report due on Friday is expected to show a strong labor market, with 500,000 new jobs added in the month.
