Walt Disney earnings preview

What happened: Walt Disney will report its fiscal second-quarter results on May 10, marking the first earnings call under new CEO Josh D'Amaro. Jim Cramer expects strong results, likening Disney to a "microcosm of the higher-end travel markets." Disney's dividend cut in 2020 was strategic, prioritizing theme park investments to protect long-term cash flows.

Market impact: Disney's earnings will influence the broader entertainment and travel sectors. A positive report could boost stocks in these areas, while a miss might lead to a repricing of Disney's valuation. Disney's streaming platforms and intellectual property also impact competitors like Netflix and Warner Bros. Discovery.

What to watch next: Disney's earnings call on May 10 will provide insights into park attendance, streaming subscriber growth, and the impact of inflation on consumer spending. Additionally, Warner Bros. Discovery's earnings on May 18 will offer a competitive perspective on the media landscape.