Despite Friday's broad rally, the S & P 500 was headed for its second straight weekly pullback. That would mark the first time since April that the benchmark has posted consecutive one-week declines. Earlier this week, both the S & P 500 and Nasdaq Composite had their worst days since late 2022 — as investors turned away from mega-cap tech and put their money towards small-caps and other cyclical areas of the market.
DIS's unique library and franchises have transformed it into a streaming company, and we're bullish on long-term DTC profitability ... Long term, Disney is a growth company with arguably the best IP," analyst Steven Cahall wrote in a Wednesday note. Chipotle is another name that could be due for a rebound, given its RSI of 26.8.
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