Disney reported revenue that fell short of analysts estimates' for its fiscal third quarter.  However, it raked in positive earnings, beating expectations. For the three months ending in June, the entertainment company’s revenue fell -42% year-over-year to  $11.78 billion, below analysts’ expectation of $12.4 billion .(Analysts’ estimates are those based on FactSet poll). As of the quarter end, Disney had 57.5 million Disney+ subscribers, 8.5 million ESPN+ subscribers and 35.5 million total Hulu subscribers. The company’s total Direct-to-Consumer and International revenues grew +2% to $3.97 billion. Parks, Experiences and Products segment revenue dropped -85% to $983 million.

Disney has new things lined up for its direct-to-consumer business.  The entertainment behemoth announced a new streaming offering, which will be distributed under its Star brand, and to be launched in calendar 2021. The new service is a "general entertainment offering” and rooted in content Disney owns: ABC Studios, Fox TV, FX, Free Form, 20th Century studios, and Searchlight, according to CEO Bob Chapek.In 29 of 65 cases where DIS's Stochastic Indicator exited the oversold zone, the price rose further within the following month.

In some cases the global health crisis has helped boost sales, especially for a number of online retailers and other companies that benefit from people working at home.If you look at the services offered by these three companies, and if you think about what is happening within the industries they serve, you would be right to assume that Zillow has fared much better than TripAdvisor or Yelp in the last four and a half months. TripAdvisor serves the travel industry and travel has slowed to a crawl as a result of the virus.

On Monday, Twitter Inc.  said  that a Federal Trade Commission complaint over data security could lead to a loss of up to $250 million for the company. The social networking company revealed that it received a draft complaint from the FTC on July 28 alleging violations of the company’s 2011 consent order with the FTC and the FTC Act.The allegations are over the company’s use of phone number and/or email address data provided for safety and security purposes for targeted advertising during periods between 2013 and 2019.

Virgin Galactic  posted a wider-than-expected second quarter loss. The space flight company’s net loss for the quarter came in at -$63 million, or -30 cents a share, compared to the -26 cents a share loss expected by analysts polled by FactSet.In the year-ago quarter, the company had a loss of -$41 million, or -23 cents a share. Virgin Galactic said that it continued to make progress on its test flight program, including conducting two successful glide flights from Spaceport America.

BP  posted a second-quarter loss and announced halving of its quarterly dividend.However, the energy company also announced plans on cost cutting and a drive to go green. The London-based company’s second-quarter underlying replacement cost profit, which it uses as a proxy for its net earnings, came in at a record loss of -$6.7 billion for the second quarter.

Microsoft Corp.   shares fell Tuesday, after  potential suitors surfaced with respect to the planned sale of TikTok's U.S. operations over the coming weeks. News broke Friday that U.S. President Donald Trump ordered that Chinese app Tiktok should divest its U.S. operations amid concerns over data privacy linked to its China-based owners, ByteDance, following an investigation by Committee on Foreign Investment in the United States. On Sunday, Microsoft said that it's looking at buying TikTok's U.S. business. Tiktok has been downloaded over 175 million times in the U.S. alone and has 1 billion global users.Tickeron's analysis proposes that the odds of a continued Uptrend are 67%. Following a 3-day Advance, the price is estimated to grow further.

They also hiked  the price target to $135 from $105 per share.  Bernstein’s optimism on the company follows Qualcomm’s announcement last week that it had resolved a long-standing legal dispute with Chinese mobile device maker Huawei. Also analyst Stacy Rasgon noted, "In the meantime, even in the middle of a pandemic the 5G content story is mostly supporting things, and hope remains for a cyclical recovery next year.The odds of a continued Uptrend are 66%. The Aroon Indicator entered an Uptrend today.

Life insurance companies mainly sell policies that pay a death benefit as a lump sum upon the death of the insured.Life insurance firms may also sell long-term disability policies that help to replace the insured’s income if they become sick or disabled. Over the last week the life insurance group has been one of the worst performing groups in terms of stock returns.

As of today, it has infected fifteen million people and killed over six hundred thousand.As a trader, it’s difficult to wrap your head around because technical analysis alone cannot accurately predict market behavior during conditions like we are currently experiencing.

Wingstop reported second-quarter earnings that surpassed analysts’ expectations. The restaurant chain specializing in chicken wings raked in earnings of 39 cents a share, from 17 cents in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings per share of 30 cents. The company’s revenue increased +36% year-over-year to $66.1 million, compared to FactSet analyst consensus of $62.5 million. "We benefited from a steadfast focus on expanding our digital business and leveraging delivery to make it seamless for fans to access … wings, fries and sides," Chief Executive Charlie Morrison said in a statement. Wingstop announced its dividend of 14 cents a share, +27% higher than the 11 cents last quarter.The odds of a continued Uptrend are 80%. Bearish Trend Analysis The RSI Indicator appears to be shifting from an Uptrend to a Downtrend.

Marijuana company Aphria  reported a fiscal-fourth-quarter loss amid the coronavirus pandemic. For the quarter ended May 31, the Canadian  company experienced a loss of -C$98.8 million (US$74 million), or -39 Canadian cents a share, compared to FactSet analyst consensus called for a loss of -3 cents a share.In the year-ago quarter, profit came in at C$15.8 million, or 5 cents a share. Revenue rose +18% year-over-year to C$152.2 million in the latest quarter.Million. The average selling price of adult-use cannabis, before excise tax, fell 4.4% to $5.23 a gram from $5.47, primarily due to a change in sales mix and price reductions in key markets to solidify market share, according to Aphria. According to Tickeron, APHA's Aroon indicator reaches into Uptrend on July 28, 2020 For traders, this could mean going long on the ticker or exploring call options in the next month.

Shopify Inc.  reported second quarter earnings that beat expectations.  The e-commerce company’s  earnings for the three months ending in June came in at 29 cents per share per share, surpassing the Street consensus forecast of 1 penny per share.That compares to a loss of 26 cents per share over the same period last year. Total revenues surged +97% year-over-year to $714.3 million, while gross merchandise volumes more than doubled to $30.1 billion. Monthly recurring revenues was $57 million as of June 30, a 21% increase year-over-year. According to Tickeron, SHOP enters an Uptrend as Momentum Indicator exceeded the 0 level on July 27, 2020 This indicator signals that SHOP's price has momentum to move higher, since its current price moved above its price 14 days ago.

Many of the top pharmaceutical companies are working on a vaccination for COVID-19.The global pandemic has certainly changed the fortunes for a number of companies and the attention is obviously warranted. We don’t have a vaccine yet and there is definitely a race on between big pharma companies to produce a viable vaccine.

We are in the heart of the second quarter earnings season and we have already heard from a number of big tech companies.At least the reaction from investors has been negative. Earnings results will continue to roll in this coming week and the telecom equipment industry will be in the spotlight.

Pharmacy store chain Walgreens Boots Alliance Inc.  announced that Stefano Pessina will step down from his role as CEO after five years at the company.He will become executive chairman instead. “I want to thank our team members around the world for their extensive achievements in the last five years, as we have fulfilled our purpose to help people lead healthier and happier lives,” said Pessina.

Google   is extending its work-from-home mandate for employees until at least next July, according to the Wall Street Journal which  cited sources familiar with the matter. “To give employees the ability to plan ahead, we’ll be extending our global voluntary work from home option through June 30, 2021 for roles that don’t need to be in the office,” Google CEO Sundar Pichai wrote in a memo to employees seen by CNN.In 28 of 35 cases where GOOGL's price crossed above its 50-day Moving Average, its price rose further within the subsequent month.

Biotech company Biogen received a double upgrade to an overweight rating from analysts at Morgan Stanley.P/S Ratio (3.31) is also within normal values, averaging (1243.63). The Tickeron PE Growth Rating for this company is 68 (best 1 - 100 worst), pointing to slightly better than average earnings growth.

Amazon.com  got price target hikes from several analysts. The coronavirus pandemic has boosted the company’s performance, as consumers stuck at home are doing their shopping online. Bank of America boosted its price target on the e-commerce company’s shares to $3,280 from $3,000.“Covid-19 and the stay-at-home response for many consumers should result in substantial revenue upside in Q2, with the company’s burgeoning grocery business likely a key driver,” Wedbush analyst Michael Pachter wrote. Pachter  further wrote, “despite our optimism on top-line performance in Q2, we need to see the profitability trends and operating leverage (if any) highlighted in Q2 results and Q3 guidance (and potentially beyond) before we adjust our EBITDA estimates for future periods”. Accoridng to Tickeron, AMZN  is in Downtrend: its price expected to drop as it breaks its higher Bollinger Band on July 09, 2020 This price move signals that AMZN may fall back below the higher band and

Twitter posted a wider-than-expected second-quarter loss. The social networking behemoth’s  adjusted loss in the quarter was 16 cents a share – a result worse than the breakeven per share that analysts polled by FactSet had been expecting.  Revenue of $683.4 million fell from the year-ago quarter’s $841.4 million, and was also below  analysts’ forecasts of $701.6 million. The company’s ad revenue suffered a -23% decline year-over-year.