Is Disney Stock a Buy This Month?
Walt Disney (NYSE: DIS) shareholders had high hopes for the entertainment giant coming into 2021 as sales began to rebound from an awful pandemic year. But they were disappointed, as Disney stock has tumbled 18% so far this year, at the same time as the S&P 500 has increased 23%. Many investors are looking forward to a new year with more growth opportunities. Should you wait until then to buy in? Or is Disney a buy this month?
Disney's name is synonymous with entertainment. It owns 12 global theme parks plus resort areas and cruise lines, providing some of the most prized vacation destinations for families. It also produces many of the biggest blockbuster films, including many under other studio names that viewers may not realize fall under the Disney umbrella. It also owns the rights to many studio franchises that furnish both its studio arm and parks segment with seemingly endless sales opportunities -- think the Frozen movies, and Star Wars. Some recent examples include both a new Star Wars ride and a new Avengers experience in Disney theme parks. As long as the creatives at headquarters keep dreaming up new titles, films are churned into various forms of cash creation that keep the company chugging smoothly along.
Image source: Walt Disney.
Source Fool.com
