Topic: How To Invest

Power Growth Investor Hotline – Friday, April 23, 2021

Article Excerpt

WALT DISNEY CO., $183.02, is still a buy. The entertainment and media conglomerate (symbol DIS on New York) is now trading close to its recent record highs. It’s currently up 24.6% from when we first recommended the shares in the December 2019 issue of Power Growth Investor at $146.93. That’s a solid return for our subscribers—considering the stock dropped to as low as $79.07 in March 2020 as the company was forced to close its Walt Disney World Resort theme parks, Resort hotels and Disney Store outlets due to COVID-19. The main reason for the price jump is that flagship streaming service Disney+ is growing at such a rapid rate that the company is on track to meet its worldwide subscriber count goal of 260 million by 2024. Meanwhile, to help spur that growth, Disney this week reached a deal with Sony Pictures to bring new “Spider-Man” movies and other films to Disney’s streaming services and TV networks in the U.S. after they…