Here's My Top Stock to Buy Right Now
With the S&P 500 now only down 3% in 2020 after recovering much of its pullback during the coronavirus market crash, it's getting more difficult to find stocks that still look like bargains. But there may be one surprising compelling buy investors are overlooking -- none other than media giant Walt Disney (NYSE: DIS).
Many investors have been spooked by the pandemic's impact on Disney's theme parks and sports networks, leaving shares trading 22% lower than they were at the beginning of the year. While the company will undoubtedly face some near-term challenges as consumers spend more time at home, and sports struggle to regain the importance they had in the media before the coronavirus pandemic, the stock may be oversold -- particularly given the company's momentum in other areas that are benefiting from lockdowns and travel restrictions.
Walt Disney-owned Hulu and Disney+ could be major catalysts for the company in 2020. Image source: Hulu.
Source Fool.com
