There’s a Lot to Like About Disney Stock
The entertainment institution has a ridiculously broad reach in society and a variety of offerings with positive expectations and catalysts
Disneyland has traditionally been described as the “happiest place on earth.” As it turns out, investors in Disney stock (DIS) should be feeling a lot of joy as well given all of their positive assets and catalysts.
Currently trading at $194.77 a share, Disney stock is already up about 11% so far in 2021. This comes despite a global pandemic that has shuttered and inhibited their typically thriving theme park locations. However, few companies can boast the broad range of diverse products and resources of the entertainment giant and so with the stock already trading at or near all-time highs, the future looks bright because of the litany of catalysts that could potentially keep the needle moving on the price for some time to come.
Rosy-cheeked optimism about the future of Disney stock doesn’t imply that it’s a perfect commodity with a guaranteed trip to the moon. Like other companies, they also have shortcomings (Significant lost revenue during the pandemic and debt to name two) but for the purposes of this piece we will focus on the positives, which are in abundance.
