Core Insights - Analysts project Walt Disney (DIS) will report quarterly earnings of $1.03 per share, a decline of 9.7% year over year, with revenues expected to reach $22.88 billion, an increase of 1.4% from the same quarter last year [1] Earnings Estimates - The consensus EPS estimate has been revised downward by 0.4% over the past 30 days, indicating a collective reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3] Revenue Projections - Analysts estimate 'Revenue- Sports' at $3.97 billion, reflecting a year-over-year change of +1.5% [5] - 'Revenue- Sports- ESPN' is also projected to reach $3.97 billion, indicating a +2.9% change from the previous year [5] - 'Revenue- Experiences' is expected to be $8.73 billion, showing a +5.9% increase year over year [5] - 'Revenue- Entertainment- Direct-to-Consumer' is forecasted at $6.30 billion, with a year-over-year change of +9% [6] Subscriber Metrics - The estimated number of paid subscribers for ESPN+ is 24.49 million, down from 25.60 million a year ago [6] - Hulu's paid subscriber count is expected to be 56.20 million, up from 47.40 million in the same quarter last year [7] - The average monthly revenue per paid subscriber for Disney+ (International) is projected at $7.73, compared to $6.95 a year ago [7] - For Disney+ (Domestic), the average monthly revenue per paid subscriber is estimated at $8.01, up from $7.70 a year ago [8] - The number of paid subscribers for Disney+ (Core) is expected to reach 130.74 million, compared to 122.70 million in the same quarter last year [8] - The number of paid subscribers for Disney+ (International) is projected at 71.30 million, up from 66.70 million a year ago [9] - The number of paid subscribers for Hulu (Live TV + SVOD) is expected to be 4.52 million, slightly down from 4.60 million a year ago [10] Stock Performance - Over the past month, Disney shares have returned +1.4%, outperforming the Zacks S&P 500 composite's +0.3% change [11] - Disney currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [11]

Earnings Reports Overview - The earnings season is slowing down, but several retail-favorite companies are set to report this week [1] - Key companies reporting include Barrick Mining Corp., Plug Power Inc., Oklo Inc., Cisco Systems Inc., Walt Disney Co., and Applied Materials Inc. [2][3][5][10][11] Company-Specific Insights - Barrick Mining Corp. reported its third-quarter results before the market opened on November 10 [2] - Plug Power Inc. is expected to report losses of 12 cents per share and revenue of $179.54 million, having missed earnings expectations for the last 18 quarters [3] - Oklo Inc. is anticipated to report losses of 13 cents per share and revenue of $17.01 billion, with stock volatility noted ahead of the report [5] - Cisco Systems Inc. is expected to be a focal point for investors, particularly regarding management's guidance and updates on AI and cybersecurity business momentum [10] - Walt Disney Co. and JD.com Inc. will release earnings reports before the market opens on November 13 [11] - Applied Materials Inc. is set to release its Q4 results after the market closes on November 13 [11] Additional Companies Reporting - Other companies reporting this week include Workhorse Group Inc., Beyond Meat Inc., Microvision Inc., and Virgin Galactic Holdings Inc. [4][6][12]

Core Insights - The Walt Disney Company is expected to release its fourth-quarter fiscal 2025 results on Thursday before the market opens, with Wall Street anticipating a mixed report [1] Financial Performance Expectations - Investors will focus on key metrics such as revenue growth, subscriber numbers for Disney+, and overall profitability [1]

Group 1: Hedge Fund Activity - Hedge funds will disclose positions ahead of the 13F deadline, providing insights into their strategies during recent market highs [2][3] - Michael Burry's Scion Capital has disclosed bets against Nvidia and Palantir, indicating a cautious stance on AI stocks [4] - The upcoming filings will reveal whether funds increased their positions during the third quarter or remained cautious due to high valuations, particularly in tech and AI sectors [5] Group 2: Earnings Reports - 90% of S&P 500 companies have reported Q3 earnings, with 82% exceeding profit estimates and 77% surpassing revenue expectations [9] - Walt Disney is expected to report EPS of $1.02 on revenue of $22.78 billion for fiscal Q4, with a focus on guidance and debt reduction [10] - Other companies reporting include CoreWeave, Occidental, Cisco, and Applied Materials, among others [10][12][13] Group 3: Market and Political Developments - The government shutdown is projected to last at least 50 days, impacting market sentiment and economic data availability [15] - President Trump has proposed reallocating federal healthcare funds away from insurance companies to direct payments to the public, suggesting a $2,000 dividend for most Americans [16][17]

Group 1: Government Shutdown Impact - The ongoing government shutdown is affecting investor sentiment, particularly in economically sensitive sectors, with retail stocks down over 7% since October 1 and food-and-beverage ETFs down more than 5% [1] - Historical patterns suggest that disruptions in air travel due to the shutdown may increase the likelihood of a resolution, as seen in previous shutdowns [1] - The lack of government economic data due to the shutdown is contributing to negative consumer sentiment, with JPMorgan's chief global strategist noting that the economy is slowing down but not in recession [1] Group 2: Cisco Earnings Outlook - Cisco Systems is expected to report fiscal 2026 first-quarter earnings with a consensus EPS of 98 cents and revenues of $14.77 billion [1] - Analysts at Morgan Stanley anticipate a revenue beat but caution that guidance may be soft due to the government shutdown and high component costs [1] - Cisco's AI orders exceeded $800 million in fiscal 2025 Q4, indicating strong demand in the data center space, which could support stock performance despite concerns about an AI bubble [1] Group 3: Disney Earnings Expectations - Disney is set to report fiscal 2025 fourth-quarter results, with analysts expecting EPS of $1.05 on revenue of $22.75 billion [2] - The performance of Disney's streaming business, particularly the new ESPN streaming service, will be closely monitored, especially in light of potential subscriber churn related to recent controversies [1][2] - Concerns about the health of the U.S. consumer may impact Disney's theme park and cruise ship bookings, which will be a key discussion point during the earnings call [1][2]

Core Earnings Reports - Walt Disney is set to report earnings on Thursday, following the launch of its ESPN sports app and plans to acquire the NFL network [4] - CoreWeave, an AI data center firm, is expected to report earnings on Monday, with shares having more than doubled since going public earlier this year, driven by partnerships with Nvidia and Meta [3] - Cisco's earnings report on Wednesday comes after the company nearly doubled its AI sales target in the previous quarter [4] - Applied Materials is scheduled to report on Thursday, facing sales restrictions to China [4] Economic Indicators - The small business optimism survey for October will provide insights into how economic pressures are affecting small firms [2] - The monthly federal budget report from the Treasury Department is anticipated to reveal revenue from tariffs [2] - Key economic data releases, including the Consumer Price Index and retail sales for October, are delayed due to the government shutdown [10] Market Context - The trading week will be shortened due to the Veterans Day holiday, with bond markets, banks, and government offices closed on Tuesday, while stock markets remain open [1] - Investors are focusing on corporate earnings reports amid the government shutdown, which is delaying several key economic reports [1][2]

Market Overview - The stock market experienced mixed results in the first full week of November, with the Nasdaq declining by 3%, marking its worst week since April, while the S&P 500 fell by 1.6% [2] - Both indexes found support at their 50-day/10-week moving averages, suggesting a potential rebound in the upcoming busy week [2] Earnings Reports - Cisco Systems is expected to report an 8% earnings gain and a 7% revenue increase in its fiscal Q1 earnings, with a focus on AI data center growth [6] - Walt Disney's Q4 results are anticipated to show an 8% drop in EPS, marking its first earnings decline in at least eight quarters, with park revenue expected at $7.869 billion [8] - CoreWeave is projected to report a Q3 adjusted per-share loss of 40 cents and revenue of $1.286 billion amid significant data center expansions [11] - Sea Limited is expected to see a 200% increase in earnings and a 30% rise in revenue for its third-quarter earnings [13] - Nu Holdings anticipates a 19% revenue gain and a 45% year-over-year jump in earnings, with total assets under management expected to be $57.45 billion [14] Sector Highlights - Valero Energy is positioned well due to low oil prices and steady gas prices driving refinery profits [4] - CrowdStrike is maintaining its position despite a challenging week for tech stocks [4] - RocketLab, AST SpaceMobile, and Firefly Aerospace are set to report earnings, with RocketLab projected to post $151.8 million in revenue and losses of $55.4 million [10] - Oklo, a nuclear startup, is up approximately 470% this year and will report its third-quarter financials, focusing on its first commercial small modular reactor [7] Upcoming Events - Congress is in the spotlight as it works towards resolving the federal shutdown, which could impact the stock market [5] - Netflix is launching its first major in-person attraction, Netflix House, featuring immersive experiences based on its shows [9]

Core Insights - Fans of football and 'Dancing With the Stars' are increasingly using antennas to access broadcasts, indicating a shift in viewing habits towards over-the-air television [1] Group 1 - The trend of using antennas reflects a growing preference for free broadcast options among viewers [1] - This shift may impact traditional cable subscriptions as audiences seek more cost-effective ways to watch popular shows [1] - The rise in antenna usage suggests a potential resurgence in local broadcasting and its relevance in the current media landscape [1]

Core Insights - Disney China collaborates with Shanghai Animation Film Studio to launch a series of animated shorts titled "Zootopia: Day and Night," which serves as a promotional effort for "Zootopia 2" [1][4] - The shorts utilize various traditional Chinese animation techniques, including stop-motion, ink wash, 2D, and paper-cutting, to depict life in "Zootopia" through a Chinese cultural lens [1][3] Summary by Sections - **Collaboration and Cultural Fusion** - The partnership between Disney and Shanghai Animation Film Studio is described as a "dream collaboration" that showcases cultural integration and highlights the "Chinese animation school" alongside contemporary local creative forces [4] - **Short Film Highlights** - "The Dark 'Hao'" features a character inspired by "The Godfather," showcasing a humorous exchange of culinary secrets [3] - "Delicious 'Leopard'" portrays a police officer captivated by local delicacies, using ink wash style to reflect the character's inner joy [3] - "Ticket 'Claw' Rush" depicts a ticket scramble between characters, integrating elements of Chinese martial arts with Disney's humor [3] - "Sleepless 'Meh'" follows a sheep character struggling with insomnia, ultimately leading to a humorous twist on counting sheep [4] - **Background on Zootopia** - The original "Zootopia" film, released in 2016, achieved global box office success exceeding $1.02 billion, with a cumulative box office of 1.538 billion yuan in mainland China [4] - "Zootopia 2" is set to be released in Chinese theaters on November 26, featuring beloved characters Judy Hopps and Nick Wilde embarking on new adventures [4]

Core Insights - The third quarter earnings season has shown a positive trend, with 91% of S&P 500 companies reporting results and an expected 13.1% increase in earnings per share, marking the fourth consecutive quarter of double-digit growth [2][7] Earnings Reports Overview - Major tech and AI companies such as Palantir, AMD, and Supermicro have reported their earnings, contributing to the overall positive sentiment in the market [1][4] - Constellation Energy reported a GAAP earnings per share of $2.97, missing estimates of $3.05, but its revenue of $6.57 billion exceeded expectations [10][11] - Wendy's reported a revenue of $549 million, a 3% decline year-over-year, but earnings per share of $0.24 beat estimates of $0.20 [13][14] - Block's shares fell 15% after reporting earnings that missed expectations, with earnings per share of $0.54 on revenue of $6.11 billion, below estimates [16][20] - Sweetgreen reported a net loss of $0.31 on revenue of $172.3 million, missing expectations, attributed to a slowdown in consumer spending [18][19] Company-Specific Highlights - Airbnb's stock rose 5% as international bookings supported a 9% increase in nights booked, with significant growth in Latin America and Asia Pacific [29][30] - Moderna reported a smaller-than-expected loss of $0.51 per share, with revenue of $1 billion, a 45% decrease from the previous year, driven by declining COVID vaccine sales [38][39] - Under Armour posted a net loss of $0.04 per share on revenue of $1.33 billion, with a forecast of declining revenue for the fiscal year [31][32] - ConocoPhillips raised its full-year production forecast and reported adjusted earnings per share of $1.61, beating estimates [36][37] - E.l.f. Beauty's stock fell over 21% after a disappointing fiscal year outlook, expecting net sales between $1.55 billion and $1.57 billion, below expectations [43][44]