Diamonds and Dogs
The mouse house continues to roar. Walt Disney (DIS) is up a percent to a new all-time high thanks to an upgrade at Goldman. Last week Disney was upgraded at FBR with a $116 price target. The company has a slate of movies like Star Wars and Beauty and the Beast growing the studio segment profits. Great execution in theme parks with the launch of the Shanghai park and a new Avatar attraction in Orlando and a new Star Wars attractions coming in 2019 will boost theme park sales going forward. ESPN, a recent sticking point, will likely have solid growth in the short term. Disney seems to be firing on all cylinders
A day late with the decline in United Continental (UAL) shares. The airliner is down 3% this morning after reporting March 2017 passenger numbers that missed expectations. The company expects first quarter passenger unit revenue to be approximately flat year over year. The stock was actually up yesterday even though a video surfaced of a passenger being forcibly dragged off a plane. A PR nightmare.