DIS-missing Worry About Disney Stock?
It’s not exactly the best month (quarter, year, hour) to talk about Disney stock.
No. No, it is not.
However, even though the price is down from its yearly high, monthly high, and well, any semblance of high, some analysts feel like peaks are ahead on the horizon.
Emphasis on “feel.”
Prior to the pandemic, there was much optimism surrounding Walt Disney (NYSE:DIS) and its various segments. But with the vacation, cruise, sports, and movie industries virtually coming to a standstill, that sentiment changed. The Disney+ streaming service, however, has people talking about the company again.
With many of its businesses still early in recovery mode, the streaming service is what bullish investors are focusing on. Besides being the one shining portion of the business during the pandemic, there’s another good reason for the attention. Since 2018, the direct-to-consumer and international business segment that includes streaming services has become much more important.
The addition of Hulu streaming TV and the initial success of the ESPN+ and Disney+ streaming services emphasized the focus on these segments.
However, The Motley Fool admitted that Disney’s overall recovery lags behind the rest of the market. That said, Smith predicts a return to Disney dividends as “hampered business segments begin to reaccelerate.”
Personally, as an owner of 11.5 shares, I bought during last week’s low. And, since I have no choice, I am optimistic about an upturn.
Finally, though, I think the (impending) opening of Disneyland (and hopefully negative trends for COVID-19) will be the impetus for any upward trend in terms of DIS growth.
Here’s hoping that the coming days provide more reason to be feeling confident about The House of Mouse.