What to Watch When Disney Reports Earnings and Lyft's New Waymo Partnership

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It's been a wild ride in the markets. 

Here's what investors need to know about Disney's (DIS) - Get Report earnings and Lyft's (LYFT) - Get Report new partnership with Alphabet's (GOOGL) - Get Report Waymo.

Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts Plus portfolio, broke down what he's watching when Disney reports earnings and why he likes Lyft's partnership with Waymo.

Disney's Earnings Report

Disney is set to report earnings after the bell Wednesday, May 8. 

The company is expected to report earnings per share (EPS) of $1.57. 

Disney is Real Money's Stock of the Day. For more coverage on Disney and what investors should keep their eyes on ahead of the earnings report, head on over to Real Money.

Lyft's Partnership with Waymo

On Tuesday, Lyft and Waymo announced a partnership through which Lyft customers will be able to hail rides from self-driving Waymo cars. Initially, the partnership covers just 10 cars -- each with a "safety driver" on board -- in the Phoenix area, where Waymo recently launched a driverless taxi service for select consumers.

Marks said that he likes the partnership, but not because of Lyft. 

Marks says that he thinks that this could highlight the benefit of Waymo, since it's been largely ignored.

Related. Wall Street Remains Optimistic About Disney Amid 2019 Stock Surge

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