5 Important Developments From Last Week That Could Push Disney Stock Higher
Macroeconomic uncertainty, supply chain issues, and rampant inflation have weighed on the stock market in recent months, pushing the S&P 500 and the Nasdaq Composite into bear market territory. Disney (NYSE: DIS) hasn't been spared amid the carnage: Its stock is down by 49% from the peak it hit late last year.
Investors looking for reasons to buy Disney in the wake of that plunge need look no further than recent headlines, which show a number of promising, high-profile developments coming from every corner of its vast empire, including theme parks, cruise ships, streaming video, and even in the C-suite. These updates suggest that the House of Mouse is setting the stage for a remarkable turnaround when the markets begin to recover. Here are five recent developments that could help put the magic back in Disney stock -- and sooner than you might think.
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Source Fool.com
