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Disney reviews strong progress throughout all main segments. (0:15) Uber Q1 gross bookings bounce 25%. (1:20) Oil swings sharply as prescient brief commerce attracts scrutiny. (2:00)
That is an abridged transcript of the podcast:
Our prime story thus far, Disney (DIS) is rallying after posting strong progress throughout all main segments.
Income rose 7% yr over yr, with positive aspects in Experiences (+7%), Leisure (+10%), and Sports activities (+1%).
Leisure progress included a 4% profit from the Fubo transaction, together with greater subscription and affiliate charges and subscriber positive aspects. Experiences was pushed by stronger home park spending and better cruise exercise following the launch of the Disney Future. Sports activities benefited from greater efficient charges and the NFL transaction, partially offset by continued linear TV subscriber declines.
Trying forward, Disney expects whole section working earnings of about $5.3B in FY26 and EPS progress of roughly 12% to round $6.64, in keeping with consensus. The corporate is concentrating on a minimum of $8B in share repurchases.
Searching for Alpha analyst Max Greve mentioned the quarter was sturdy however not sufficient to silence skeptics, noting Sports activities stays pressured by linear declines and that the important thing query is whether or not Parks can keep away from a recessionary hit whereas new CEO Josh D’Amaro reinvigorates the studio pipeline.
Amongst energetic shares, Uber (UBER) is greater after first-quarter gross bookings rose 25% to $53.7B, topping estimates. The corporate guided second-quarter bookings to a midpoint of $57B, barely above forecasts.
Corning (GLW) is surging after saying a long-term settlement with Nvidia (NVDA) to broaden optical connectivity capability by 10x. The businesses plan three new U.S. manufacturing crops, with Corning boosting home fiber capability by greater than 50%.
Tremendous Micro Laptop (SMCI) jumped on Q3 outcomes and steering, although analyst response was measured. J.P. Morgan mentioned demand and margin restoration are encouraging, however governance issues and AI server pricing dynamics restrict additional upside at present ranges.
In immediately’s buying and selling, oil has swung sharply. WTI (CL1:COM) moved from above $100 per barrel to under $90 in morning commerce earlier than stabilizing close to $95.
Conflicting reviews round a possible U.S.–Iran deal have saved merchants on edge.
The Kobeissi Letter famous that just about 10,000 contracts — about $920M notional — traded shortly earlier than headlines that the 2 sides had been nearing a 14-point memorandum. Crude dropped greater than 12% inside hours, leaving the brief place with an estimated $125M acquire.
On the financial entrance, forward of Friday’s jobs report, ADP mentioned April personal sector employment rose 109K, inside the 85K–120K forecast vary.
Pantheon Macro cautioned in opposition to overreading the print, noting that whereas it’s the strongest preliminary estimate in over a yr, ADP and official payroll information typically diverge.
“The reacceleration implied for April could merely be noise,” the agency mentioned.
And in different information of notice, GameStop (GME) CEO Ryan Cohen defended his proposed eBay (EBAY) acquisition in an interview with TBPN, arguing the deal may offset dilution by boosting earnings.
Cohen mentioned eBay is overstaffed and overspending, pointing to roughly $5.5B in working bills on what he described as an $11B asset-light enterprise.
“I may run that enterprise from my home,” he mentioned. “It doesn’t want 11,500 workers.”
He prompt as much as $2B in potential value cuts and mentioned significant modifications may very well be carried out rapidly.
“There’s no sense of urgency at that firm,” he added.
