What Investors Need To Know When Disney And Coinbase Report Earnings This Week

Photo: courtesy of Coinbase. Photo by Free-Photos from Pixabay.

On Friday, Lido Advisors' Gina Sanchez and Blue Line Capital's Bill Baruch discussed the top stocks to watch going into earnings this week, on CNBC's "Trading Nation."

The Walt Disney Co (DIS) has been a core holding of Lido Advisors for quite some time, Sanchez told CNBC. "This is a company that hit an absolute home run with Disney Plus," she said. While Disney waits for its park revenue to come back, Disney Plus creates lucrative opportunity for Disney to bring new content to the market, Sanchez said.

Coinbase Global Inc (COIN) traded down about 50% from the highs it made during its IPO on April 14, Baruch told CNBC. He thinks Coinbase has "flushed out" all of the negativity surrounding the stock at this point. The timing of the IPO wasn't great because it was about the same time that Bitcoin (BITCOMP) began its decline, he noted.

Baruch told CNBC that he expects good earnings and guidance from Coinbase when the company reports earnings next week. He thinks the stock can rally to $290 or $300 per share in the short-term, he said.

Price Action

Disney was up 0.63% last week, while Coinbase was up 9.16% for the week. Shares of Disney have been trading recently at around $177.13, while shares of Coinbase have trading at around $258.26.