Bulletin
Investor Alert

New York Markets Close in:

Aug. 10, 2020, 6:30 a.m. EDT

Why Walt Disney Stock Should Be On Your Watch List

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Walt Disney Co. (DIS)

or Cancel Already have a watchlist? Log In

Aug 10, 2020 (Baystreet.ca via COMTEX) -- The Walt Disney Company /zigman2/quotes/203410047/composite DIS -0.61% has been a magical stock to own for long-term investors, However, the past few years have not been kind to the Disney empire. Concerns around how the company's media division (mostly its ESPN assets) were previously the talk of the town.

However, the obvious focus has now shifted to COVID-19 related concerns around the company's core theme parks, cruise lines, and movie/entertainment businesses as well, for obvious reasons.

These headwinds have put Disney stock back into the "amazing forever company at a reasonable price" category. However, with questions of whether additional downside may be on the near-term horizon, picking an entry point is made trickier. The stock price volatility we have seen with Disney is likely to continue as expectations around ow long this pandemic will continue, and whether we can expect a second wave shift on a daily basis.

That said, this volatility offers a unique buying pathway that otherwise may not have ever presented itself. The reality that one can pick up one of the most dominant entertainment stocks on the planet with perhaps the greatest stable of brands and intellectual property ever for an unbelievably low price relative to historical standards makes many long-term investors excited.

I do see additional downside on the horizon but will keep Disney stock on my watch list and consider adding below US $100/share.

Invest wisely, my friends.

COMTEX_369157709/2559/2020-08-10T06:30:25

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/203410047/composite
US : U.S.: NYSE
$ 124.63
-0.77 -0.61%
Volume: 9.34M
Sept. 30, 2020 3:58p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$226.61 billion
Rev. per Employee
$295,532
loading...

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.