Disney: The One Stock I Am Buying and Holding Forever
In this video, I talk about three reasons Disney (NYSE: DIS) is a must-buy and a stock to own forever. With the parks reopening at close to full capacity, you can expect a great third quarter from Disney. And that's what makes it one of the best stocks to buy right now, in my opinion. Disney also ranks third in the top 100 most powerful brands in 2020 and fifth on the list of most loved brands.
Disney's revenue is already at higher levels than before COVID-19. This year's second-quarter revenue came in at $15.61 billion, which is 4.6% higher than Q2 revenue in 2019, which was $14.92 billion.
With summer around the corner, we can expect Disney's parks to be full almost every day. That will translate into very strong Q3 numbers. But it's no secret that Disney vacations become increasingly expensive each year. According to a new Insider poll, people who make less than $75,000 per year are the most likely to consider visiting Disney destinations, and people with a yearly income between $150,000 and $199,999 were the least interested. So there's fear of Disney pricing out their most loyal fans. As of now, there are no signs of this happening but it's something to consider. And as we exit the pandemic, wouldn't it be better to lower prices to attract more fans?
Source Fool.com
