The Week Ahead: Earnings From Disney, CVS Health

Jeremy Glaser: Earnings will start to slow down this week. Disney reports on Thursday. Analyst Neil Macker views shares as undervalued as the firm gets ready to integrate Fox assets into the business. Macker thinks that the firm's loss of satellite TV operator Sky at auction in late September will end up being positive for the company as it gives them the ability to pay down debt at a faster clip and focus on launching their streaming service.

Narrow-moat Discovery Communications also reports on Thursday. That firm is currently focused on its acquisitions of Scripps, and Macker says the firm's valuable content and global reach will help it in navigate a shifting landscape, though shares are fully valued today.

CVS Health is seeking to transform itself into one of the most powerful healthcare firms in the country with the acquisition of Aetna. Vishnu Lekraj does warn that they are paying a rich price for the health insurer and that the integration could be tricky, but shares are trading at an advantageous price. The firm reports Tuesday.

Other earning include Marriott and Eli Lilly.

The Fed meets this week, and the market broadly expects them to stand pat on rates. The statement will still be closely watched, and it remains likely the committee will hike at its mid-December meeting.

Stay tuned for our take on these stories.