Market Overview

This Strategist Says To 'Ride The Trend' In Walt Disney Co

Share:

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

Garden State Securities Chief Market Strategist Karl Snyder discussed Walt Disney Co (NYSE: DIS) following its Q2 earnings release.

Even with Disney’s shares up nearly 20 percent year-to-date, Snyder suggested that investors “ride this trend.”

While short-term traders might want to take some profits, however, Snyder noted that for longer-term investors there would be no reason to move out of the name.

Snyder mentioned the trend could turn so investors should not be complacent, yet, as long as the trend continues, investors should “ride that trend.”

Walt Disney recently traded at $112.15, up 1 percent.

Listen to the show here:

 

Related Articles (DIS)

View Comments and Join the Discussion!

Posted-In: Garden State Securities Karl SnyderAnalyst Color Exclusives Trading Ideas Interview

Latest Ratings

StockFirmActionPT
DISCitigroupMaintains175.0
AYLANoble Capital MarketsInitiates Coverage On29.0
SHOPSusquehannaInitiates Coverage On950.0
SICraig-HallumInitiates Coverage On50.0
WORKStephens & Co.Downgrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
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.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
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 vipaccounts@benzinga.com