#1 - Walt Disney Company (NYSE:DIS)
At some point, I’ll get tired of recommending the Walt Disney Company (NYSE:DIS) as a stock to buy. That day is not today. On a list of stocks that should avoid a summer sell-off, Disney is one of the first to come to mind.
From a technical standpoint, despite being up 44% in the trailing 12 months as of June 3, 2021, the path hasn’t always been true north for Disney. At many times during the pandemic, the bears briefly seized control. But my bullishness on Disney is not strictly from a technical standpoint.
Prior to the pandemic, my bullish outlook on Disney was on the whole being greater than the sum of its parts. During the pandemic the company’s streaming service, Disney+, carried a heavy load. Now it won’t have to carry the load by itself. And I imagine that investors will quickly begin to see the magic return to DIS stock including, perhaps, a reinstatement of the dividend that they suspended at the onset of the pandemic.
About Walt Disney
The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.
Read More - Current Price
- $112.03
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 19 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $123.58 (10.3% Upside)
