Closing Bell Overtime: Disney Earnings Breakdown 2/8/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 8 February 2023
⏱️ 47 minutes
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| 0:00.0 | All right, sir, thank you very much. |
| 0:02.8 | Welcome to overtime. |
| 0:03.8 | I'm Scott Wopney, you've just heard the bells. |
| 0:05.4 | We are just getting started from Post-9 |
| 0:07.6 | here at the New York Stock Exchange. |
| 0:09.3 | And we are moments away from the moment of truth for Disney. |
| 0:13.4 | Its earnings about to hit with so many questions swirling around the future of that company. |
| 0:17.6 | From Bob Iger's strategy moving forward to how he'll deal with that proxy fight from |
| 0:21.6 | investor Nelson Pelt. |
| 0:23.2 | Are Julia Borston, she's going to break in with the details. |
| 0:25.8 | We'll see what happens with the stock, which is up a good amount to start the year. |
| 0:30.3 | We begin though with our talk of the tape where stocks can really go from here |
| 0:34.4 | with even some of the more cautious market watchers suggesting there could be |
| 0:38.8 | more room to run. Let's ask Cameron Dawson what she thinks. She's the chief investment officer for |
| 0:44.3 | New Edge Wealth with me here at Post 9. Bear in mind we're waiting on Disney and I |
| 0:48.9 | know the anticipation for you is high as well as we await this and we see what Bob Iger is going to say of |
| 0:55.2 | course in his first quarter and conference call since returning but the rally itself |
| 0:59.3 | does it feel tired do you think that we have more upside to go? |
| 1:03.6 | We think the next level that the rally could go to would be about that 4,300 that gets you |
| 1:08.7 | back to the August high. |
| 1:10.8 | But then once we would get to 4,300 we'd be trading at 19 and a half times earnings. |
| 1:16.5 | That's really, really expensive unless you have a Fed that's actively easing policy. |
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