Weekly Points – 5 Things To Know In Investing This Week
Portfolio Pulse from Gary Brode
This week's investment news highlights include the potential end of disinflation due to rising oil prices, the falling Japanese yen, the possibility of a Bitcoin ETF following a lawsuit win by Grayscale, Disney's lack of shareholder value creation over the past decade, and mixed data on unemployment. The news suggests potential impacts on the stocks of Grayscale Bitcoin Trust (GBTC) and Disney (DIS).
September 13, 2023 | 6:09 pm
News sentiment analysis
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NEGATIVE IMPACT
Despite owning lucrative franchises like Star Wars and Marvel, Disney (DIS) has not created shareholder value in nearly a decade, largely due to the declining value of ESPN.
Disney's lack of shareholder value creation over the past decade, despite owning lucrative franchises, suggests that the company's stock may not be performing as well as expected. The declining value of ESPN, a major asset for Disney, could be a significant factor in this. This could potentially have a negative impact on Disney's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Grayscale Bitcoin Trust (GBTC) won a lawsuit against the SEC, which may lead to the creation of a Bitcoin ETF. This could increase institutional demand for Bitcoin, potentially driving up its price.
The court's ruling in favor of Grayscale could lead to the SEC approving a Bitcoin ETF. This would allow institutional investors easier access to Bitcoin, potentially increasing demand and driving up the price. This would likely have a positive impact on GBTC's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80