Friday, May 11, 2012

Chart of the Day - Walt Disney (DIS)

The "Chart of the Day" is Walt Disney (DIS), which showed up on Thursday's Barchart "All Time High" list. Disney on Wednesday posted a new all-time high of $45.80 and closed up 1.63%. TrendSpotter just turned Long on Tuesday at $44.30. In recent news on the stock, RBC Capital on Wednesday reiterated its Outperform and raised its target to $50 from $45, citing the likelihood that its successful Avengers film will spark strong sequels and boost the momentum of other Disney movies and character franchises. Disney on Wednesday reported Q2 EPS ex-items of 58c, above the consensus of 55 cents. Disney, with a market cap of $78 billion, is a diversified worldwide entertainment company with operations in five business segments: Media Networks, StudioEntertainment, Theme Parks and Resorts, Consumer Products and Internet and Direct Marketing.

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