Disney Is The Stock Of The Day
Welp, it was a Monday, wasn’t it?
But there on my iPhone, a little square kept telling me to take heart. DIS was hopping.
While it settled in at 191.76, today Disney stock hit an all-time high of 194.02.
And, as you might imagine, a whole lot of folks noticed.
Disney stock is the IBD Stock Of The Day, as the media and entertainment conglomerate flashes a buy signal amid hopes that theme parks will fully reopen, while the Disney+ streaming service is poised for its next evolution… a jump in streaming subscribers helped deliver a surprise profit in Q1.
Now, the Star streaming brand is set to launch in Europe tomorrow, CEO Bob Chapek told investors in a conference call after the earnings announcement. It will become a new content brand in Disney+, joining Disney Studios, Star Wars, Pixar, Marvel, and National Geographic.
“We’re doubling down. We’re going after it… Certainly from the European perspective [streaming content is] hitting the mainstream and we are there.”
[Regarding pandemic recovery] Disney is a prominent example of such a company. Its theme parks, cruise ships, and movie studios could see their revenues quickly rebound if the travel and entertainment industries experience a post-COVID boom. Meanwhile, its incredibly popular Disney+ streaming service will likely continue to fuel its growth during the remainder of the pandemic and in the years that follow.
So what’s the rumpus?
Well, Tuesday, Disney Star is set to start. Care to bet where the stock goes? Maybe it will again be the stock of the day?
Of course, my 11.5 shares and I will be watching. As will many, many others.