3 Top U.S. Stocks to Watch in July
As the summer heats up, stimulus checks, the partial or complete reopening of most states, and a significant drop in new jobless claims reported by the Labor Department all make things look more upbeat for mid-2021. Some companies are well-positioned to make the most of America's return to relative normality. The Walt Disney Company (NYSE: DIS), Camping World Holdings (NYSE: CWH), and Amazon (NASDAQ: AMZN) all have bullish momentum in the current economy and are among the enterprises you might want to keep an eye on.
While its shares are priced less than 10% below their all-time high, set earlier this year during the stock market frenzy of the spring, Walt Disney has some genuinely good things going for it right now. Its worldwide theme parks completed reopening by mid-June, taking a major step toward bringing this income stream back online. As the company's 2020 annual report described, the "most significant impact of COVID-19 on fiscal 2020 operating results was an estimated detriment of approximately $6.9 billion on operating income at our Parks [...] due to revenue lost as a result of the closures or reduced operating capacities." With half the year still to go, pent-up demand should win Disney at least several billion for its top-line as people return to Disneyland and other attractions.
Disney's successful hybrid release of Black Widow, the latest Marvel Studios' superhero movie, foreshadows ongoing growth for Disney. By showing the film in physical theaters and streaming it on Disney+ Premier, "the Mouse" boosted its gains higher. Disney+ Premier earned $60 million, the American box office added $80 million of ticket sales, and international in-theater screenings raked in $78 million for an estimated $215 million opening weekend total.
Source Fool.com
