Market Overview

Why Disney Might Be 'A Good Buying Opportunity'

Why Disney Might Be 'A Good Buying Opportunity'

Jerremy Newsome was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.

Among other stocks like Apple, CEO Jerremy Newsome looked into Walt Disney Co (NYSE: DIS) as the launch of the new Star Wars movie comes closer.

The specialist said, “With Disney, it’s such a nice, healthy trend. It’s just crushing, making higher, higher.”

He continued, “I personally think it’s going to (…) distribute; so, there is going to be some selling pressure around $108, $109, and we are going to pause up there. I don’t think we’ll break $109 for probably a few weeks, maybe a month.”

Newsome then went into its earnings, scheduled for May 5.

“If we just kill out here, until earnings, we are getting a nice gap on Disney. Absolutely," he said. "I think Disney is a good buying opportunity for a short time period, maybe up until Star Wars.”

However, the trader warned about the stock probably getting too high, “too parabolic,” around the Star Wars movie release.

Shares of Disney traded recently at $108.25, up 1.4 percent.

Listen to the full interview below:

Posted-In: Jerremy Newsome Star WarsAnalyst Color Exclusives Trading Ideas Interview Best of Benzinga


Related Articles (DIS)

View Comments and Join the Discussion!

Latest Ratings

ALDRCanaccord GenuityDowngrades20.0
LEGHLake StreetInitiates Coverage On21.0
CHUGoldman SachsUpgrades13.2
STZBMO CapitalMaintains230.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

AUD/USD Lower Ahead Of RBA Data

Wunderlich Goes 'Sole Searching' In Footwear