3 Reasons Why Disney Stock Will Bounce Back in 2023
Walt Disney (DIS) shares have fallen below USD90 again, trading below where they were when Bob Iger was reintroduced as CEO six months ago.
According to The Motley Fool, these are the three (3) reasons why Disney stock will bounce back in 2023:
1. Disney is dominating the box office again.
Disney's "The Little Mermaid" was the top draw at the movies this weekend. Disney films have been responsible for 5 of the 6 strongest domestic opening weekends since November.
2. Disney+ is finally approving on the bottom line.
Disney+ has posted back-to-back quarters of sequential improvement for its operation loss and just scored its first year-over-year improvement on that front in more than a year.
3. Theme parks have been a breathtaking ride.
Disney's theme-parks segment is generating record operating results these days.
Walt Disney Co (DIS) closed at USD87.82 (-0.53%) yesterday. Trade them in a fraction from USD0.87 (0.01 units).