Disney downgraded. What a ...
The S&P is down 1.31% now. Trades at 2015. The market got rocked when an analyst at CTIG downgraded Disney to a sell. This on day after the opening of Star Wars. What a ..... PS Boeing was also downgraded.
The analyst sees the stock going down on ESPN which he expects will be a drag on earnings going forward as television watching habit change and ESPN loses the cable subscriber viewers. He sees a price target of $90. The stock is trading down $3.50 to 108.50.
The S&P technically, is once again looking grumpy after it broke back below the 100 day MA at the 2028.14 level. The close from last Friday came in at 2012.37. The low for the week stalled on Monday near the 50% retracement level of 1991.74.
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