Disney's Rebounding, but Investors Are Really Lovin' This AI Stock
Investors continued to find the stock market attractive on Thursday morning, even in the wake of several days of significant gains. After having spent so much of the year being pessimistic about the economy and the environment for businesses, market participants seem to have shifted their attitude and started to see the prospects for better times ahead. stock index futures were generally higher early Thursday.
The Dow Jones Industrials looked primed for a modest gain to start the day, and an upward move from Walt Disney (NYSE: DIS) was a key catalyst for the early advance. Yet even though Disney's financial results gave shareholders some much-needed optimism about the media and entertainment giant's long-term promise, the gains in that stock paled in comparison to those that AppLovin (NASDAQ: APP) shareholders enjoyed. Here's what you need to know about both stocks.
Shares of Disney rose 4% in premarket trading early Thursday. The entertainment giant reported results for its fiscal fourth quarter ended Sept. 30, and despite ongoing worries about the fundamentals of the video streaming business, Disney was able to put in a strong showing in that highly competitive industry niche.
Source Fool.com
