The Walt Disney Company (DIS) – bought @127, it went up to $183 in 8 weeks = 44% return

We recommended the stock back in November, 2020 as a great long-term value play, and as one of our favorite picks in the Entertainment industry. We noted that the price was facing strong resistance around the $125 mark and that a break above that level would serve as a great buying opportunity for our followers. We recommended for our clients to wait for the break before committing fully to the stock and opening their long positions. The anticipated break to the upside occurred shortly thereafter and stock moved 44% higher in less than 8 weeks. The stock is part of the XLC, which tracks the US telecommunication and media & entertainment components of the S&P 500 index. XLC offers exposure to the Communication Services sector that was defined by the September 2018 changes to the Global Industry Classification Standard (GICS). The fund includes all members of the former telecom sector (expanded to include internet service providers), as well as media & entertainment companies previously classified in the consumer discretionary or tech sectors. This latter industry group includes many heavyweights such as Facebook, Alphabet, Netflix, and Disney. Through our correlation-confirmation approach we compared XLC’s price performance to the XLK Technology Select Sector SPDR ETF, and used the strong and positive 10-year correlation of 90% between the two indices in order to validate our market recommendations.

Link to the article: https://www.dowexperts.com/full-stock-report-walt-disney-co-dis/

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