Disney’s Media, Parks Surge
Photo by Younho Choo / Unsplash

Disney’s Media, Parks Surge

Plus, Uber survives omicron.

Steven Lerner
Steven Lerner

Today is Thursday, February 10, 2022.

New to this newsletter? Sign up here.

Disney’s Media, Parks Boost Earnings

Shares of Walt Disney (NYSE: DIS) jumped 6.64% in after-hours trading on Wednesday after the entertainment and media giant posted positive earnings.

Financials: Disney reported earnings per share of $1.06 and revenue of $21.8 billion, both were better than expected.

Streaming: It was a strong quarter for Disney+, the company’s streaming service. There were 129.9 million subscribers, an addition of 11.8 million in the quarter, which was better than expected.

Park It: The company’s parks and experiences segment hit $7.2 billion in revenue and $2.5 billion in operating income, an incredible accomplishment signaling that Disney’s parks are back in business.

Missing: If there was one weak spot, it was likely the direct-to-consumer segment, but otherwise, the company was strong.

Final Thoughts: Disney’s stock is down 22% in the past year. These results set up the company for a strong 2022.


Notable Earnings Today: Coca-Cola (NYSE: KO), Affirm Holdings (Nasdaq: AFRM), PepsiCo (Nasdaq: PEP), Twitter (NYSE: TWTR), Datadog (Nasdaq: DDOG), Cloudflare (NYSE: NET), AstraZeneca (Nasdaq: AZN), Zillow Group (Nasdaq: Z), Philip Morris International (NYSE: PM), Aurora Cannabis (TSX: ACB), GlobalPayments (NYSE: GPN), Expedia Group (Nasdaq: EXPE), Canada Goose (NYSE: GOOS), Upwork (Nasdaq: UPWK), Tapestry (NYSE: TPR), DexCom (Nasdaq: DXCM), ArcelorMittal (NYSE: MT), HubSpot (NYSE: HUBS), PG&E (NYSE: PCG), Callaway Golf (NYSE: ELY), Bloom Energy (NYSE: BE), Blue Apron Holdings (NYSE: APRN), Chemours (NYSE: CC), Colliers International Group (Nasdaq: CIGI), Coursera (NYSE: COUR), Credit Suisse (NYSE: CS), CyberArk Software (Nasdaq: CYBR), DaVita (NYSE: DVA), Duke Energy (NYSE: DUK), Eventbrite (NYSE: EB), Flowers Foods (NYSE: FLO), GoDaddy (NYSE: GDDY), Huntington Ingalls Industries (NYSE: HII), Illumina (Nasdaq: ILMN), Kellogg (NYSE: K), Laboratory Corp. of America (NYSE: LH), Linde (NYSE: LIN), Martin Marietta Materials (NYSE: MLM), Mettler-Toledo International (NYSE: MTD), Mohawk Industries (NYSE: MHK), Moody's (NYSE: MCO), Patterson-UTI Energy (Nasdaq: PTEN), Piper Sandler (NYSE: PIPR), Qualys (Nasdaq: QLYS), Shutterstock (NYSE: SSTK), Terex (NYSE: TEX), TotalEnergies SE (NYSE: TTE), VeriSign (Nasdaq: VRSN), Western Union (NYSE: WU), Yelp (NYSE: YELP), Zebra Technologies (Nasdaq: ZBRA), Zendesk (NYSE: ZEN).

Notable IPOs Today: Modiv Inc. (NYSE: MDV), BRC Inc. (NYSE: BRCC), HeartCore Enterprises, Inc. (Nasdaq: HTCR), iShares Paris-Aligned Climate MSCI USA ETF (Nasdaq: PABU), Modular Medical, Inc. Common Stock (Nasaq: MODD), Larkspur Health Acquisition Corp. Class A Common Stock (Nasdaq LSPR), SQL Technologies Corp. Common Stock (Nasdaq: SKYX), CF Acquisition Corp. VII Class A Common Stock (Nasdaq: CFFS), Sagaliam Acquisition Corp. Class A Common Stock (Nasdaq: SAGA).

Notable Equity Crowdfunding Campaigns Ending Today: Orbital Assembly Corporation (NetCapital), Vene Rides (Republic), Stream Dx (Republic).

Notable Economic Events Today: Jobless claims (8:30 a.m. ET), Consumer price index (8:30 a.m. ET), Federal Budget Balance (2:00 p.m. ET).

Uber Survives Omicron With Strong Earnings

Photo by Tingey Injury Law Firm / Unsplash

Shares of Uber (NYSE: UBER) jumped 5.75% in after-hours trading on Wednesday after the mobility company posted positive earnings.

Financials: Uber reported earnings per share of 44 cents and revenue of $5.78 billion; both were better than expected.

Pandemic: While the omicron variant impacted Uber in late December, the company said its mobility is already bouncing back. Investors really liked the company’s optimistic tone.

Final Thoughts: The financial results were boosted by a $1.4 billion net benefit relating to Uber's equity investments.

Stocks Investors Should Look at Alternatives

With the stock markets off to a volatile start in 2022, investors may want to consider some alternatives for their portfolios this year.

The Reason: With inflation and interest rate hikes, this year’s stock market is very different than last year. Portfolio diversification is critical, which means looking beyond just stocks.

Examples: Some popular alternatives in 2022 include cryptocurrency, real estate, fine art, non-fungible tokens (NFTs), farmland, and peer-to-peer lending.

Final Thoughts: Consider speaking to a financial advisor before investing heavily into alternatives, which are usually reserved for a small percentage of a portfolio.

New Requirements: SEC Proposes Broad Disclosure Rules for Private Investment Funds (The Wall Street Journal)

Breakthrough: Experts hail big step forward in fusion technology in UK (The Associated Press)

Good Dog: Shiba Inu Sets Course for Meme Coin Metaverse as Doge Killer Token Jumps 48% (Decrypt)

Coming Soon: BlackRock Planning to Offer Crypto Trading, Sources Say (CoinDesk)

Year of Rate Hikes: Fed’s Mester says ‘each meeting is going to be in play’ for rate hikes this year (CNBC)

Thank you for reading!

Forward to a friend and tell them to sign up here.

Want more investing tips? Listen to the podcast.

Questions or comments? Hit reply to reach out.