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Week ahead on Wall Street

Video Credit: Reuters Studio - Duration: 01:07s - Published
Week ahead on Wall Street

Week ahead on Wall Street

Media earnings take center stage on Wall Street next week, as investors hear reports from Disney, Viacom and CBS.

Fred Katayama reports.

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Media companies hog the spotlight next week on Wall Street.

Look for Disney to post higher revenue when it reports its quarterly results Tuesday.

The Mouse House can credit its box office smash, "Avengers: Endgame" for some of that.

But profit could drop due to spending on its digital services business that's set to take on Netflix in the streaming wars.

Phoenix Financial Services chief market analyst, Wayne Kaufman: SOUNDBITE: PHOENIX FINANCIAL SERVICES CHIEF MARKET ANALYST, WAYNE KAUFMAN (ENGLISH) SAYING: "More and more people around the globe watching content.

The guy who owns the library of content; he's really the king.

So I think short term, Disney may have some issue with expenses in building out the whole thing, but longer term, I really think they're in the catbird's seat." On Thursday, expect Viacom to also report a rise in revenue.

It'll likely get a lift from higher fees paid by U.S. cable and satellite operators.

On the analysts conference call, investors will be looking for word on the status of merger talks with its sister company, CBS, which also reports results Thursday.

Many investors want them to get back together again so they can better compete against Netflix.

On the economic front, investors will get the latest on inflation at the wholesale level.

Look for producer prices in July to edge higher for the third straight month.



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