{"id":31549,"date":"2019-05-09T11:13:38","date_gmt":"2019-05-09T16:13:38","guid":{"rendered":"https:\/\/insights.tradestation.com\/?p=31549"},"modified":"2019-05-09T11:13:38","modified_gmt":"2019-05-09T16:13:38","slug":"good-news-shrugged-off-earnings-this-week","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2019\/05\/09\/good-news-shrugged-off-earnings-this-week\/","title":{"rendered":"Good News Shrugged Off: Earnings This Week"},"content":{"rendered":"\n
Investors are looking past good quarterly results and punishing stocks that missed estimates.<\/p>\n\n\n\n
In the last week, companies like Walt Disney (DIS), Allergan (AGN), Electronic Arts (EA) and KLA Tencor (KLAC) beat estimates, only to drift or fall. The tepid response comes amid fears about a renewed trade war with China, plus buyer fatigue after four months of solid gains<\/a>.<\/p>\n\n\n\n DIS, for instance, couldn’t have done much better than it did, with top and bottom-line results pushing ahead of estimates. Several interesting forces seem to be at work in the Magic Kingdom.<\/p>\n\n\n\n First, everyone’s excited about its new streaming-video service<\/a>. After all, that’s why DIS is up 15 percent in the last month. (It’s the best performer in the Dow Jones Industrial Average over that period.)<\/p>\n\n\n\n