Why investors should be looking for thematic trades in this environment, and everything else to watch in markets on Monday, August 8, 2022.
Ever since Walt Disney (NYSE: DIS) launched Disney+ in late 2019, there's been lots of speculation about if and when it will overtake Netflix (NASDAQ: NFLX) as the world's most popular streamer. At the time of this writing, Netflix has approximately 220 million customers, while Disney+ has north of 137 million.
Shares of The Walt Disney Company (NYSE: DIS) are due for some volatility over the next week. The entertainment juggernaut will announce fiscal Q3 results after the market closes on Wednesday, Aug. 10, and expectations are muted heading into that report. Wall Street wasn't pleased to see that segment hemorrhage cash, even though subscriber growth remained strong.