3 Things to Watch in the Stock Market This Week
Virus outbreak fears helped push stocks lower even as earnings season ramped up last week. Both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) lost more than 2% to dip into negative territory so far in 2020.
Earnings reports are likely to dominate investor attention again over the next few trading days, so let's look at a few highly anticipated reports from Disney (NYSE: DIS), iRobot (NASDAQ: IRBT), and Twitter (NYSE: TWTR).
The sharp rally in Disney's stock price over the past few months has mostly come from surging investor enthusiasm about its pivot toward selling its content directly to consumers. On Tuesday, the entertainment giant will finally provide some hard numbers that either confirm that early optimism or reduce Wall Street's expectations. Investors will be following subscriber additions to see if the positive trend continued past the initial launch period. Just as importantly, we'll get an idea of how valuable the service is to consumers if Disney reveals metrics such as cancellation rates and streaming engagement.
Source Fool.com