Disney’s Earnings Are Due After the Close

Today is earnings day for Disney (DIS). The entertainment giant usually gets a lot of attention. The report is due out after today’s close. The current estimate is for Disney to lose 42 cents per share. Analysts will pay particular attention to Disney’s latest streaming numbers.

We broke our string of Buy List stocks beating expectations. Cerner merely met expectations. All the rest have beaten.

This morning’s jobless claims report came in at 793,000. That’s down from 812,000 from last week but it was above Wall Street’s estimate of 760,000.

In last week’s jobs report, the unemployment rate fell to 6.3%. That surprised a lot of people. The reason for the fall is that fewer people are looking for jobs.

Yesterday, Fed Chair Jerome Powell gave a speech and said, “Correcting this misclassification and counting those who have left the labor force since last February as unemployed would boost the unemployment rate to close to 10 percent in January.”

I would estimate that the U.S. economy is about 10 million jobs from full employment.

Posted by on February 11th, 2021 at 11:31 am


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