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The Zacks Analyst Blog Highlights: Disney and IMAX

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For Immediate Release

Chicago, IL - October 22, 2015 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Disney(DIS) and IMAX ( IMAX ).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .

Here are highlights from Wednesday's Analyst Blog:

Can Star Wars Save Disney (DIS)?

Tracey Ryniec and David Bartosiak, Stock Strategist at Zacks Investment Research, debates Disney's ( DIS ) future as its movie division, led by the upcoming re-launch of the Star Wars franchise, and the amusement parks are performing well, but its media business, including ESPN, is struggling.

Did you already buy tickets for Star Wars: The Force Awakens even though it isn't out for almost 2 months?

If you did, you aren't alone as Fandango is reporting that first day ticket sales for the movie, which is out Dec 19, were the highest in its history, surpassing the original Hunger Games advance ticket sales by a factor of 8. Other ticket vendors, including those in the United Kingdom, were reporting similar numbers. Tickets sales to see the movie in IMAX ( IMAX ) theaters also set a new 1-day record, beating out the likes of the Dark Knight Rises and The Avengers .

With its parks, Disney also has something to look forward to when Shanghai Disneyland opens in 2016. It has also recently raised season pass ticket prices at Disneyland in Anaheim to control demand, especially during peak tourist season around the winter holidays. Disney is expected to add Star Wars land in the next several years, as construction begins in 2016, which will add even bigger crowds.

But in its media business, the story isn't so rosy. The company has been laying off employees at ESPN, including many of its top tier on-air talent, to try and trim costs as the cable landscape changes.

Estimates for fiscal 2015 and fiscal 2016 have been inching higher but Disney is only expected to see 9% earnings growth next year.

It's also not cheap, with a forward P/E of 19.

David examines the chart to see if investors should expect a break out or a break down in the shares.

Are Tracey or David fans of buying the stock right now? Can Star Wars Save Disney? Click here to find out.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>

About Zacks Equity Research

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Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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DISNEY WALT (DIS): Free Stock Analysis Report

IMAX CORP (IMAX): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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