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The Market Glance for February 5: Walt Disney Expands Mobile Gaming Reach

Asif Imtiaz Feb 05, 2018

With the Fed’s forecast of a slowdown in labor market in 2018, investors will be keen to observe how the JOLTS job openings figure turn out in December. Also, positive corporate earnings data from Q4 2017 and year-over-year growth in earnings from some large-cap companies will dominate the news cycle this week.

The Walt Disney Company (DIS ) will release their Q4 2017 earnings this week and investors will be keen to see what management might say during the earnings call regarding the plan to expand their reach in the gaming industry. Although DIS didn’t comment on what type of games they will be releasing, they announced their collaboration with PerBlue and three other mobile developers on a new lineup of mobile games.

Besides the labor market data like the JOLTS figure and weekly unemployment claims, there will be hardly any major economic data releases this week, so expect the market to remain calm early in the week. However, if some of the large-cap companies beat earnings estimates, like in the past few weeks, the bullish run in the equities markets should continue.

Check out last week’s Market Glance here in which investors focused on Apple’s earnings call and their plan to create 20,000 American jobs.

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