Why Walt Disney Co. (DIS) is a must-own stock in the current market situation?

The Walt Disney Company is a diversified international family entertainment and media enterprise. It operates through a few different segments: Media Networks, Parks, Experiences and Products, Studio Entertainment and Direct-to-Consumer and International (DTCI). Founded back in 1923 by Walt and Roy Disney, the company has got almost 100 years of history in producing quality content and making families and children happy all around the globe. Walt Disney’s products include: television, publishing, films, music, video games, amusement parks, broadcasting, and radio and web portals. The company has become a global leader in the sector it operates and that has been reflecting on its share price performance especially in the past few years. The stock had been up 50% since the end of 2016 until early 2020 and there has been a clear uptrend going on the stock during that period of time. Yet, 2019 has definitely been the best year for Disney so far with the stock rising 35%, beating the market’s benchmark S&P 500 and its 28% gain during that period of time.

The market has been in a very strong bullish rally throughout 2019, but that is not the only reason as to why the company managed to deliver such strong financial results and the stock price has spiked up so much. There has been a new major factor for Disney’s growth – the company’s new service – Disney+ (Disney Plus).

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