The Week Ahead: Disney, Snap, and Chipotle Earnings on Tap
Earnings seasons rolls on during a quiet week for economic data.
Jeremy Glaser: Earnings will continue to roll in this week.
The big story in media in the last couple of months was Disney's announcement that it is buying much of 21st Century Fox. Morningstar's Neil Macker thinks the deal will help better position the already strong production studios at Disney and help the firm compete in a changing media landscape. Both Disney and Fox will report this week.
Snap and Twitter earnings are on tap. Both firms have been working, to mixed success, to find their place behind market leader Facebook. User growth and ad rates will be closely watched in both reports.
Chipotle remains in recovery mode after a series of food safety incidents, according to Morningstar analyst R.J. Hottovy. The firm, which will release results on Tuesday, is now looking for a new leader who could take more aggressive steps to accelerate the turnaround.
Other earnings include CVS Health, BP, General Motors, and ADM.
It's a quiet week on the data front, with the ISM services index and the job openings report due.
Stay tuned for our take on these stories.
Jeremy Glaser has a position in the following securities mentioned above: DIS. Find out about Morningstar’s editorial policies.