The trading week ending on Friday, June 22nd, was another busy week for stocks that attempted to advance in the face of tariffs against China. In the media sector investors eagerly await the resolution of the Walt Disney Company as it seeks to purchase 21stCentury Fox and all its assets. This purchase would make Disney a media giant. Disney’s attempt to buy 21stCentury Fox is all about keeping up with Netflix (NFLX) and its market domination. Once Disney (DIS) shares go over $110 per share, Wealthy Investor members will have a clear buy signal.
NFLX was clearly the big winner this week, as it advanced sharply, moving into Q2 earnings.
I expect the next 6 weeks to be very fruitful for long-term investors as second quarter earnings are revealed. If you stay disciplined your long-term investments will appreciate substantially.
Stay focused on your longer-term goals!
Tyrone Jackson
The Wealthy Investor
