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Disney+ must succeed for the sake of the stock, investor says ahead of earnings

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Disney+ must succeed for the sake of the stock, investor says ahead of earnings $DIS (via TradingNation)

One investor is looking farther out than Disney's fourth quarter for proof of execution, however.

While Tepper acknowledged that Disney's current level — $131.27, as of Wednesday's close — was a "great" entry point for buyers and at the "low end" of his firm's fair-value range for the stock, Disney+ will be key in determining where the stock goes from here.

 

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Disney earnings, jobless claims, Bank of England rate decision: Three things to watch on ThursdayWe'll get earnings from Disney, jobless claims and an interest rate decision from the Bank of England on Thursday. What about $TBI? Ahead of the Disney earnings call today, we took a look at Americans' thoughts of disneyplus. 22% of US adults say they're likely to subscribe and that number has doubled over the last 6 months. Full story: mkmfitzgerald
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