$Walt Disney(DIS)$ Heading into today, shares of the entertainment company had lost 2.5% over the past month, lagging the Consumer Discretionary sector's gain of 2.72% and the S&P 500's gain of 4.63% in that time. Walt Disney will be looking to display strength as it nears its next earnings release, which is expected to be May 11, 2022. On that day, Walt Disney is projected to report earnings of $1.22 per share, which would represent year-over-year growth of 54.43%. Our most recent consensus estimate is calling for quarterly revenue of $20.27 billion, up 29.84% from the year-ago period. It is also important to note the recent changes to analyst estimates for Walt Disney. These revisions help to show the ever-changing nature of near-term business t

Didi Global(DIDIY) is up 14% today on news that a probe into its cybersecurity practices has ended. The company has been targeted by Chinese authorities since it held an initial public offering (IPO) in New York last year. The end of the regulatory probe lifts a cloud of uncertainty that had been hanging over DIDIY stock. Shares ofDiDi Global(OTCMKTS:DIDIY) rose 14% earlier today on news that the Chinese ride hailing and delivery company has been hit with a$1 billion fine. This signals the end of a regulatory investigation into DIDIY stock and its cybersecurity practices, and allows it to start adding users to its platform again.According to multiple media reports, authorities in Beijing want Didi Global to pay $1 billion for committing data breaches. While no company wants to pay a fine,

Chinese stocks recently saw significant panic selling as investors raised concerns about a range of issues. Now contrarian investors stateside are taking a closer look at undervalued Chinese stocks. Soaring Covid-19 cases and talks of delisting Chinese equities in the U.S. have put pressure on a large number of stocks. In addition, the heavy hand of the state imposing penalties on tech companies have continued. As a result, China’s benchmark CSI 300 Index has fallen 16% year-to-date, while the Hang Seng China Enterprises Index has declined more than 12% over the same period. As such, undervalued Chinese stocks offer compelling buying opportunities for risk-tolerant investors. The recent Covid-19 outbreak has led to lockdowns in Shanghai and other parts of the country, posing a significant

Shares ofSoFi(NASDAQ:SOFI) stock are in the green by 4% today after areportfrom theThe Washington Postsaid the White House was nearing a decision to cancel at least $10,000 of student loan debt per borrower. Sources close to the matter said the debt forgiveness would“apply to Americans who earned less than $150,000” in 2021. The debt forgiveness would also apply to married couples filing jointly who earned less than $300,000 last year.However, White House spokesman Vedant Patel called the report “inaccurate.” Patel stated the following: “No decisions have been made yet. But as a reminder, no one has been required to pay a single dime of student loans since the president took office.” Patel did not outright deny the report, but instead said the decision is still up in the air. Meanwhil

Nio (NYSE:NIO) was gradually resuming the production of its electric vehicles (EVs). The Covid-19 restrictions in the last few weeks resulted in work stoppages at a number of Nio’s suppliers. This restricted the supply of new auto parts. Supply chain issues aren’t exclusive to Nio. Tesla’s (NASDAQ:TSLA) Shanghai manufacturing facility has been offline since late March. Shanghai has been the epicenter of the latest Covid-19 outbreak. Nio’s facility in Xinqiao, about 300 miles from Shanghai, was less affected. NIO stock has had difficulty meeting analyst expectations for deliveries due to these supply chain issues. The demand for the company’s products is there, but production constraints have limited the number of vehicles sold. I believe these disruptions for sure would impact second quart

$Starbucks(SBUX)$ What happened Shares of Starbucks(SBUX-0.29%)had a tough time this week. A change at the upper echelons of management came with a fair amount of drama. So what Former Starbucks CEO Kevin Johnson announced last month that he was retiring from the chief executive chair, effective April 4. Johnson has been at Starbucks for 13 years, serving the past five years as CEO. Howard Schultz, who has served as CEO on two previous occasions, returned to the big chair until a permanent replacement can be found. Schultz didn't waste any time making a mark on the company, announcing that he would suspend its stock-repurchase program, planning to invest more in its baristas and stores. This was a stark reversal from a pledge Starbucks made in O

At a time when most stocks are falling and very few are rallying, one way investors can make money isby shorting stocks. Even though the market — amid fears of continued high inflation, rising interest rates and slowing growth — has thrown out much of the bathwater (along with some babies), there’s still some dirty water remaining. In other words, there are still many highly overvalued companies that will have trouble staying afloat, giving investors a multitude of good stocks to short.A number of Cathie Wood’s favorites and former favorites, for example, continue to generate rising losses and have excessive valuations.And although most pandemic-era darlings have cratered, some are still way too expensive. Meanwhile, cryptocurrencies have tumbled and are likely to sink much further. The st

Speaker Nancy Pelosi recently met withTaiwan Semiconductor(TSM) Chairman Mark Liu. In Taiwan, the two discussed the Chips and Science Act. Shares of TSM stock are down over 30% year-to-date. Taiwan Semiconductor(NYSE:TSM) stock is in full focus following Speaker Nancy Pelosi’svisitwith Chairman Mark Liu. In Taiwan, the two discussed the $280 billionChips and Science Act, which includes $52 billion in funding for the semiconductor industry. The act encourages chipmakers, like TSM, to build foundries in the U.S. It will also provide a four-year 25% tax credit as an incentive, as well as the authorization of grants and loans. TSM is currently in the process of building a plant in Arizona that is expected to go online in 2024.So, does Pelosi have a stake in TSM stock? Let’s get into the detail

Down 30% year-to-date and almost 41% over the past year, shareholders could use some good news from the entertainment conglomerate. Unfortunately, the tea leaves suggest its results will be a mixed bag. If you’re thinking of buying Disney stock to benefit from an earnings bump, there’s one reason it could happen and another why it probably won’t. In Normal Times, DIS Stock Would Jump on News Disney operates two business segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The former include ABC Television, ESPN, 50% of A+E Television Networks, ESPN, Disney’s movie studios including Twentieth Century Studios, Marvel, Pixar, and Lucasfilm, and of course, its direct-to-consumer (DTC) streaming business including Disney+ and ESPN+. In

The markets are volatile due to the ongoing geopolitical tensions and the recent interest rate hike. However, some overseas investments are gaining appeal thanks to the latest news coming out of China. For the first time in a while, companies in that market can catch their breath. There are reports that China might be easing regulations, signaling a major shift in policy. Hence, China tech stocks are making the rounds once again.China has the world’s largest population, a rapidly growing middle class, and over 1 billion internet users. The Chinese tech sector is huge, with 301 unicorn companies (startups worth over $1 billion) and some of the most innovative companies in the world.It’s one of the reasons for Beijing’s heavy-handed stance on the Chinese tech sector. But things are changing