The Week Ahead: Earnings From Disney, CVS Health
Discovery Communications, Eli Lilly, and Marriott also report. Plus, the Fed meets.
Jeremy Glaser: Earnings will start to slow down this week. Disney reports on Thursday. Analyst Neil Macker views shares as undervalued as the firm gets ready to integrate Fox assets into the business. Macker thinks that the firm's loss of satellite TV operator Sky at auction in late September will end up being positive for the company as it gives them the ability to pay down debt at a faster clip and focus on launching their streaming service.
Narrow-moat Discovery Communications also reports on Thursday. That firm is currently focused on its acquisitions of Scripps, and Macker says the firm's valuable content and global reach will help it in navigate a shifting landscape, though shares are fully valued today.
Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.