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- HelloleahHelloleah
  ·2021-06-22
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  Will Disney Stock Split This Year?
  Disney's stock split history is reviewed for the possibility of a repeat this year.Its financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.The Walt Disney Company could consider another stock split to "get more people in the stock.". Readers may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company has had nine stock splits, three betwee
  Will Disney Stock Split This Year?
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- HelloleahHelloleah
  ·2021-06-22
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  5 things to know before the stock market opens Tuesday
  Here are the most important news, trends and analysis that investors need to start their trading day
  5 things to know before the stock market opens Tuesday
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17:08","market":"us","language":"en","title":"Will Disney Stock Split This Year?","url":"https://stock-news.laohu8.com/highlight/detail?id=1186919064","media":"seekingalpha","summary":"Disney's stock split history is reviewed for the possibility of a repeat this year.Its financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.The Walt Disney Company could consider another stock split to \"get more people in the stock.\". Readers may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company  has had nine stock splits, three betwee","content":"<p><b>Summary</b></p>\n<ul>\n <li>Disney's stock split history is reviewed for the possibility of a repeat this year.</li>\n <li>Its financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.</li>\n <li>If the consensus estimates come true, the share price of DIS has much room to head north in line with the EPS growth.</li>\n <li>The Walt Disney Company could consider another stock split to \"get more people in the stock.\"</li>\n</ul>\n<p><b>Has Disney Stock Ever Split?</b></p>\n<p>Readers may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company (DIS) has had nine stock splits, three between 1985 and 2000, and six prior to 1980.</p>\n<p><img src=\"https://static.tigerbbs.com/fd38f0d03c0480c1f6728aa9e8dd5cfb\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p>\n<p>On the other hand,<i>Stock Split History</i>and<i>Yahoo Finance</i>both reflect eight stock splits in Disney's history. However, the exercises in 1962 and 2007 seem more like bonus issues than stock splits. The first \"split\" for DIS stock was dated December 18, 1962. This was a 103 for 100 split, meaning that a shareholder with 100 shares of DIS pre-split will subsequently own 103 shares.</p>\n<p><img src=\"https://static.tigerbbs.com/98283a2c39510a381b9f91cdc416f6f8\" tg-width=\"274\" tg-height=\"329\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source:StockSplitHistory.com</i></p>\n<p>As with all corporate matters, investors should refer to the official announcements to be sure. From Walt Disney's website under the Investor Relations section, the company provided a neat table under the Frequently Asked Questions [FAQs]. The table showed only seven past stock splits that happened between 1956 and 1998. This meant that DIS stock has not split for over two decades. Also, it shows that Walt Disney does not consider the 103 shares for 100 shares and 1,014 shares for 1,000 shares as stock splits.</p>\n<p><img src=\"https://static.tigerbbs.com/a398b378fd1cb185e5fe95cbaf2513d7\" tg-width=\"640\" tg-height=\"232\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: The Walt Disney Company</i></p>\n<p><b>Is Disney Stock Going To Split Again?</b></p>\n<p>Tesla (TSLA) and Nvidia (NVDA) were among the prominent few companies that underwent stock splits recently. When Tesla announced itsfirst-ever stock spliton August 11 last year, the stock jumped from a pre-split price of $1374.4 to as high as $1585 the next day before closing at $1554.75. TSLA went on to clock further gains the rest of the month, appreciating over 80 percent by the end of August 2020.</p>\n<p>Nvidia announced in May that its decision to do afour-for-one stock splitwas approved by the board. Its shares were trading above $500 before the announcement and are priced around $750 currently. Nvidia justified the proposed stock split as enabling its shares to become \"more accessible to investors and employees.\"</p>\n<p>The share price of Disney is currently around $172. It hit a high of $203.02 on March 8, 2021. Even at the peak, the share price was a fraction of what TSLA and NVDA were trading at prior to their stock split announcements. As such, is there an impetus for Disney?</p>\n<p>Well, the last time Disney had a stock split was July 9, 1998, and the pre-split share price was only $111. Apart from one stock split in 1973, the last six stock splits were done when its share price was below $200. A quote often attributed to Mark Twain goes: \"History doesn't repeat itself, but it often rhymes.\" It is probably timely to consider Disney could conduct a fresh stock split as its stock heads back towards $200.</p>\n<p>Disney's Valuation And Prospects Support A Stock Split</p>\n<p>The Walt Disney Company appeared to be heading for disaster when the COVID-19 pandemic struck last year. Its Disneyland theme parks and hotels around the world had to be shut for extended periods. Its cruise line and retail stores had to close for business as well. Its movies couldn't be shown as theaters were shut while film and TV productions had to be halted too.</p>\n<p>The challenges that the House of the Mouse faced were unprecedented. In the second fiscal quarter of 2020, its adjusted EPS fell to $0.60 a share from $1.61 a year earlier primarily due to the suspended operations.</p>\n<p>The management took proactive steps during the second quarter of 2020 to enhance Disney's liquidity position by issuing $6 billion of term debt. A week after the quarter ended, it issued another $925 million in term debt. In terms of net financial debt, however, Disney managed to hold steady and did not exceed the peak of above $50 billion following the addition of debt load to its balance sheet from the 21st Century Fox acquisition in 2019.</p>\n<p><img src=\"https://static.tigerbbs.com/cbd5da32f627c04144c275782ef135e7\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"></p>\n<p>Although Disney's debt level remains elevated at 28 percent, its debt-to-assets remained close to its five-year average at around 25 percent. It is also comparatively lower than its industry peers. ViacomCBS (VIAC)(VIACA) has a debt-to-assets of 32.5 percent while Comcast (CMCSA) has a debt-to-assets of 37.2 percent. Netflix (NFLX) doesn't own any attraction parks but it has the highest debt-to-assets of 38.8 percent.</p>\n<p><img src=\"https://static.tigerbbs.com/7ff01b9033cebf8c5e4fb15976c0d266\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p>\n<p>Looking at the debt-to-equity ratio, The Walt Disney Company is also the lowest among its peers. This suggests that Disney's capital structure could be conservative in its approach to debt relative to the industry.</p>\n<p><img src=\"https://static.tigerbbs.com/c53bbfa821e92f67b05ae6c4a418bad0\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p>\n<p>However, dividend investors may have been disappointed with the decision of Disney's Board to forego the payment of dividends last year. Its last payment of $0.88 per share was on January 16, 2020, for those who had the shares on the record date of December 16, 2019.</p>\n<p><img src=\"https://static.tigerbbs.com/86b599e7a38c7af0abe617f3e95e54a5\" tg-width=\"640\" tg-height=\"446\" referrerpolicy=\"no-referrer\"></p>\n<p>Bob Chapek, the Chief Executive Officer of Disney, said during the Credit Suisse 23rd Annual Communications Conference held on June 14 that the Board of Directors is prioritizing thefunding of its Direct-to-Consumer[DTC] business. He added that dividends will be \"a part of our long-term capital allocation strategy, for sure.\"</p>\n<p>Chapek also revealed what the board is considering:</p>\n<blockquote>\n \"...they'll take into account what they’ve taken into account in the past, which is, what's our strategic investment outlook, where our alternative uses of capital and what are those priorities? What our financial leverage look like coming out of COVID? What the operating environment look like in terms of the release of restrictions that we've got that might constrain our business going forward, or at least give us some time to actually ramp back up to full operating mode, if you will? And what's really just the overall recovery of our businesses across the entire enterprise?\"\n</blockquote>\n<p>For now, Disney's financials are constrained. Its free cash flow is at a depressed level historically, primarily due to the weak cash from operations which in turn is due to the low revenue. The cash from operations on a trailing-twelve-month basis is at a multi-year low of $4.3 billion. Its new star division, Disney+, is unable to singlehandedly lift the company from its pandemic-impacted operations.</p>\n<p><img src=\"https://static.tigerbbs.com/501540384c7735541ed0eeb33116a073\" tg-width=\"640\" tg-height=\"447\" referrerpolicy=\"no-referrer\"></p>\n<p>Nevertheless, Wall Street analysts are not perturbed by the short-term difficulties faced by Disney. The consensus EPS estimate for the fiscal period ending September 2025 is $8.72, implying a sub-20 times forward P/E, a sharp drop from the one-year forward P/E of 72 times. It's thus likely that the share price would rise to bring the P/E ratio above the \"bargain\" sub-20 times level, increasing the justification for a stock split.</p>\n<p><img src=\"https://static.tigerbbs.com/f33bdfa14f2e1f94d872349194cef3d1\" tg-width=\"640\" tg-height=\"281\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: Seeking Alpha Premium</i></p>\n<p><b>Additional Justifications For A DIS Stock Split</b></p>\n<p>Given that one of the reasons for doing a stock split is to bring the share price much lower than the current level, double-digit pricing certainly fits the bill. A rhetorical repeat of a 3:1 stock split would bring the share price of Disney to around $57, making it look affordable psychologically, even though it is meaningless from the valuation angle.</p>\n<p>On the other hand, it appears that Disney prefers the prestige of a larger share price, given that it has long resisted a stock split (the last one being over 20 years ago). The management of Disney might regard DIS stock's elevated share price as a reflection of its achievements, especially considering the challenges during the pandemic. A stock split bringing the share price substantially lower has the reverse effect, making the company look less accomplished compared to, say, Amazon.com, Inc. (AMZN) with its quadruple-digit share price.</p>\n<p>At the same time, while we recognize that calling a stock \"expensive\" based on the absolute price might sound silly, it is not uncommon to come across comments lamenting that tickers with share prices in the high triple-digits are \"expensive\" and those with single-digit share prices are \"bargains\".</p>\n<p>Given the option of purchasing partial shares provided by certain brokerages, the impetus to do a split is further diminished. However, judging from the cryptocurrency market, the notion that the price levels do have an effect on investors' mentality shouldn't be dismissed. For instance, the much lower-priced Dogecoin (DOGE-USD) appears to be more favored whether by short-term traders or longer-term investors compared to Bitcoin (BTC-USD).</p>\n<p><img src=\"https://static.tigerbbs.com/efb4b1d5343c9d189af17f7d9d72de30\" tg-width=\"640\" tg-height=\"446\" referrerpolicy=\"no-referrer\"></p>\n<p>Another oft-mentioned reason that companies do stock split is to improve their chances to enter the Dow Jones Industrial Average, one of the oldest and the most commonly followed equity indices. This is because the Dow is a price-weighted measurement stock market index and a high-priced component would skew the index.</p>\n<p>However, The Walt Disney Company is already a Dow component since May 6, 1991. Hence, this would not be a motivation. Nevertheless, those who trade options may welcome a stock split as it makes the option contracts more affordable.</p>\n<p>Whether a DIS stock split would happen this year is another big question. Fundamentally as I discussed earlier, it's a matter of time investors regain confidence in Disney's growth potential. Chart-wise, however, doesn't look good for Disney stock. Its gap in December last year has yet to be filled.</p>\n<p>At the same time, there appears to be a tail-end formation of a head-and-shoulder pattern, a bearish sign. Investors may wish to consider the mentioned factors instead of just looking at a potential jump should Disney announce a stock split.</p>\n<p><img src=\"https://static.tigerbbs.com/eee7ab6b1236c4ed57d19afc78319174\" tg-width=\"640\" tg-height=\"247\"><i>Source: Yahoo Finance</i></p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will Disney Stock Split This Year?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill Disney Stock Split This Year?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 17:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435877-will-disney-stock-split><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nDisney's stock split history is reviewed for the possibility of a repeat this year.\nIts financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435877-will-disney-stock-split\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼"},"source_url":"https://seekingalpha.com/article/4435877-will-disney-stock-split","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1186919064","content_text":"Summary\n\nDisney's stock split history is reviewed for the possibility of a repeat this year.\nIts financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.\nIf the consensus estimates come true, the share price of DIS has much room to head north in line with the EPS growth.\nThe Walt Disney Company could consider another stock split to \"get more people in the stock.\"\n\nHas Disney Stock Ever Split?\nReaders may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company (DIS) has had nine stock splits, three between 1985 and 2000, and six prior to 1980.\n\nOn the other hand,Stock Split HistoryandYahoo Financeboth reflect eight stock splits in Disney's history. However, the exercises in 1962 and 2007 seem more like bonus issues than stock splits. The first \"split\" for DIS stock was dated December 18, 1962. This was a 103 for 100 split, meaning that a shareholder with 100 shares of DIS pre-split will subsequently own 103 shares.\n\nSource:StockSplitHistory.com\nAs with all corporate matters, investors should refer to the official announcements to be sure. From Walt Disney's website under the Investor Relations section, the company provided a neat table under the Frequently Asked Questions [FAQs]. The table showed only seven past stock splits that happened between 1956 and 1998. This meant that DIS stock has not split for over two decades. Also, it shows that Walt Disney does not consider the 103 shares for 100 shares and 1,014 shares for 1,000 shares as stock splits.\n\nSource: The Walt Disney Company\nIs Disney Stock Going To Split Again?\nTesla (TSLA) and Nvidia (NVDA) were among the prominent few companies that underwent stock splits recently. When Tesla announced itsfirst-ever stock spliton August 11 last year, the stock jumped from a pre-split price of $1374.4 to as high as $1585 the next day before closing at $1554.75. TSLA went on to clock further gains the rest of the month, appreciating over 80 percent by the end of August 2020.\nNvidia announced in May that its decision to do afour-for-one stock splitwas approved by the board. Its shares were trading above $500 before the announcement and are priced around $750 currently. Nvidia justified the proposed stock split as enabling its shares to become \"more accessible to investors and employees.\"\nThe share price of Disney is currently around $172. It hit a high of $203.02 on March 8, 2021. Even at the peak, the share price was a fraction of what TSLA and NVDA were trading at prior to their stock split announcements. As such, is there an impetus for Disney?\nWell, the last time Disney had a stock split was July 9, 1998, and the pre-split share price was only $111. Apart from one stock split in 1973, the last six stock splits were done when its share price was below $200. A quote often attributed to Mark Twain goes: \"History doesn't repeat itself, but it often rhymes.\" It is probably timely to consider Disney could conduct a fresh stock split as its stock heads back towards $200.\nDisney's Valuation And Prospects Support A Stock Split\nThe Walt Disney Company appeared to be heading for disaster when the COVID-19 pandemic struck last year. Its Disneyland theme parks and hotels around the world had to be shut for extended periods. Its cruise line and retail stores had to close for business as well. Its movies couldn't be shown as theaters were shut while film and TV productions had to be halted too.\nThe challenges that the House of the Mouse faced were unprecedented. In the second fiscal quarter of 2020, its adjusted EPS fell to $0.60 a share from $1.61 a year earlier primarily due to the suspended operations.\nThe management took proactive steps during the second quarter of 2020 to enhance Disney's liquidity position by issuing $6 billion of term debt. A week after the quarter ended, it issued another $925 million in term debt. In terms of net financial debt, however, Disney managed to hold steady and did not exceed the peak of above $50 billion following the addition of debt load to its balance sheet from the 21st Century Fox acquisition in 2019.\n\nAlthough Disney's debt level remains elevated at 28 percent, its debt-to-assets remained close to its five-year average at around 25 percent. It is also comparatively lower than its industry peers. ViacomCBS (VIAC)(VIACA) has a debt-to-assets of 32.5 percent while Comcast (CMCSA) has a debt-to-assets of 37.2 percent. Netflix (NFLX) doesn't own any attraction parks but it has the highest debt-to-assets of 38.8 percent.\n\nLooking at the debt-to-equity ratio, The Walt Disney Company is also the lowest among its peers. This suggests that Disney's capital structure could be conservative in its approach to debt relative to the industry.\n\nHowever, dividend investors may have been disappointed with the decision of Disney's Board to forego the payment of dividends last year. Its last payment of $0.88 per share was on January 16, 2020, for those who had the shares on the record date of December 16, 2019.\n\nBob Chapek, the Chief Executive Officer of Disney, said during the Credit Suisse 23rd Annual Communications Conference held on June 14 that the Board of Directors is prioritizing thefunding of its Direct-to-Consumer[DTC] business. He added that dividends will be \"a part of our long-term capital allocation strategy, for sure.\"\nChapek also revealed what the board is considering:\n\n \"...they'll take into account what they’ve taken into account in the past, which is, what's our strategic investment outlook, where our alternative uses of capital and what are those priorities? What our financial leverage look like coming out of COVID? What the operating environment look like in terms of the release of restrictions that we've got that might constrain our business going forward, or at least give us some time to actually ramp back up to full operating mode, if you will? And what's really just the overall recovery of our businesses across the entire enterprise?\"\n\nFor now, Disney's financials are constrained. Its free cash flow is at a depressed level historically, primarily due to the weak cash from operations which in turn is due to the low revenue. The cash from operations on a trailing-twelve-month basis is at a multi-year low of $4.3 billion. Its new star division, Disney+, is unable to singlehandedly lift the company from its pandemic-impacted operations.\n\nNevertheless, Wall Street analysts are not perturbed by the short-term difficulties faced by Disney. The consensus EPS estimate for the fiscal period ending September 2025 is $8.72, implying a sub-20 times forward P/E, a sharp drop from the one-year forward P/E of 72 times. It's thus likely that the share price would rise to bring the P/E ratio above the \"bargain\" sub-20 times level, increasing the justification for a stock split.\n\nSource: Seeking Alpha Premium\nAdditional Justifications For A DIS Stock Split\nGiven that one of the reasons for doing a stock split is to bring the share price much lower than the current level, double-digit pricing certainly fits the bill. A rhetorical repeat of a 3:1 stock split would bring the share price of Disney to around $57, making it look affordable psychologically, even though it is meaningless from the valuation angle.\nOn the other hand, it appears that Disney prefers the prestige of a larger share price, given that it has long resisted a stock split (the last one being over 20 years ago). The management of Disney might regard DIS stock's elevated share price as a reflection of its achievements, especially considering the challenges during the pandemic. A stock split bringing the share price substantially lower has the reverse effect, making the company look less accomplished compared to, say, Amazon.com, Inc. (AMZN) with its quadruple-digit share price.\nAt the same time, while we recognize that calling a stock \"expensive\" based on the absolute price might sound silly, it is not uncommon to come across comments lamenting that tickers with share prices in the high triple-digits are \"expensive\" and those with single-digit share prices are \"bargains\".\nGiven the option of purchasing partial shares provided by certain brokerages, the impetus to do a split is further diminished. However, judging from the cryptocurrency market, the notion that the price levels do have an effect on investors' mentality shouldn't be dismissed. For instance, the much lower-priced Dogecoin (DOGE-USD) appears to be more favored whether by short-term traders or longer-term investors compared to Bitcoin (BTC-USD).\n\nAnother oft-mentioned reason that companies do stock split is to improve their chances to enter the Dow Jones Industrial Average, one of the oldest and the most commonly followed equity indices. This is because the Dow is a price-weighted measurement stock market index and a high-priced component would skew the index.\nHowever, The Walt Disney Company is already a Dow component since May 6, 1991. Hence, this would not be a motivation. Nevertheless, those who trade options may welcome a stock split as it makes the option contracts more affordable.\nWhether a DIS stock split would happen this year is another big question. Fundamentally as I discussed earlier, it's a matter of time investors regain confidence in Disney's growth potential. Chart-wise, however, doesn't look good for Disney stock. Its gap in December last year has yet to be filled.\nAt the same time, there appears to be a tail-end formation of a head-and-shoulder pattern, a bearish sign. Investors may wish to consider the mentioned factors instead of just looking at a potential jump should Disney announce a stock split.\nSource: Yahoo Finance","news_type":1},"isVote":1,"tweetType":1,"viewCount":85,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129699452,"gmtCreate":1624370250976,"gmtModify":1703834686891,"author":{"id":"3586984205866765","authorId":"3586984205866765","name":"Helloleah","avatar":"https://static.tigerbbs.com/8820b8ccba755b8429af04446f2c61b6","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586984205866765","authorIdStr":"3586984205866765"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129699452","repostId":"1174887682","repostType":4,"repost":{"id":"1174887682","pubTimestamp":1624363756,"share":"https://ttm.financial/m/news/1174887682?lang=&edition=fundamental","pubTime":"2021-06-22 20:09","market":"us","language":"en","title":"5 things to know before the stock market opens Tuesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1174887682","media":"cnbc","summary":"Here are the most important news, trends and analysis that investors need to start their trading day","content":"<div>\n<p>Here are the most important news, trends and analysis that investors need to start their trading day:\n\nWall Street looks steady after comeback rally; GameStop pops\nFed chief Powell set to testify ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/22/5-things-to-know-before-the-stock-market-opens-tuesday-june-22.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 things to know before the stock market opens Tuesday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 things to know before the stock market opens Tuesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 20:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/22/5-things-to-know-before-the-stock-market-opens-tuesday-june-22.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Here are the most important news, trends and analysis that investors need to start their trading day:\n\nWall Street looks steady after comeback rally; GameStop pops\nFed chief Powell set to testify ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/22/5-things-to-know-before-the-stock-market-opens-tuesday-june-22.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://www.cnbc.com/2021/06/22/5-things-to-know-before-the-stock-market-opens-tuesday-june-22.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1174887682","content_text":"Here are the most important news, trends and analysis that investors need to start their trading day:\n\nWall Street looks steady after comeback rally; GameStop pops\nFed chief Powell set to testify before House panel\nChina’s crypto crackdown continues to knock bitcoin\nEU opens antitrust probe into Google’s advertising unit\nNYC Democrats to vote in Tuesday’s mayoral primary\n\n1. Wall Street looks steady after comeback rally; GameStop pops\nU.S. stock futureswere flat Tuesday, one day after theDowrecovered a big chunk of last week's 3.5% plunge on theFederal Reserve's interest rate hike timetable shift. The 30-stock averagejumped 586 points, or nearly 1.8%, to start the week. TheS&P 500gained 1.4%, sitting within 1% of its record high. TheNasdaqwas Monday's relative underperformer with a 0.8% advance.\nGameStop shares jumped 9% in the premarket after the video game retailer and original meme stocksaid it completeda previously announced sale of 5 million common shares, raising more than $1.1 billion. GameStop said it will use the proceeds for general corporate purposes as well as for investing in growth initiatives and maintaining a strong balance sheet.\n2. Fed chief Powell set to testify before House panel\nThe10-year Treasury yieldhas bounced around since last week's Fed-driven spike and Monday's brief dip to February lows. The 10-year yieldticked lowerTuesday to around 1.47%. Fed ChairmanJerome Powellgoes before a House panel in the afternoon, and investors will be looking for more clues on policymakers' inflation outlook boost and indications of two rate increases in 2023.\nIn prepared testimony, Powell said the economy is growing but faces continued threats from the Covid pandemic. He also noted thatinflation has risen notablybut repeated price pressures will be transitory. The Fed has kept short-term lending rates anchored near zero, while buying at least $120 billion of bonds each month.\n3. China's crypto crackdown continues to knock bitcoin\nBitcoinfell about 3% Tuesday,trading above $31,000. China's renewed crackdown on the cryptocurrency industryhas wipednearly $300 billion in value off the total digital currency market since Friday. While Beijing expanded its closures of bitcoin mining operations, China's central bank urged financial institutions not to provide services related to crypto activities. Bitcoin has plunged more than 50% from its all-time high in April near $65,000.\n4. EU opens antitrust probe into Google's advertising unit\nThe European Commission on Tuesdayopened a new antitrust investigationintoAlphabet's Google, looking into whether the tech giant favors its own online display ad technology services. As part of the probe, the EU's executive arm will be assessing the restrictions Google places on the ability of advertisers, publishers and other third parties to access data about user identity and user behavior. Earlier this month, the French competition authority fined Google $262 million for abusing its market power in online ads.\n5. NYC Democrats to vote in Tuesday's mayoral primary\nDemocratic voters in New York Citygo to the pollsTuesday to pick their party's mayoral nominee. Eight candidates — including former presidential candidate Andrew Yang and perceived front-runner Eric Adams — are hoping to replace Democratic MayorBill de Blasio, who can't run again because of term limits. Tuesday's Democratic primary, whose winner will be heavily favored in the November general election against the GOP's nominee, will be the city's first time usingranked-choice voting. Voters will list their preferences in order for up to five candidates. Official results may not be announced for weeks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":50,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}