Walt Disney (NYSE: DIS) continues to be a market laggard. Shares of the media giant are trading lower in 2023, a sharp contrast to the general market that's been rallying this year. 

Things aren't as bad as Disney's stock chart might suggest. Its business is holding up better than bears think. There are catalysts that could get the House of Mouse back on track. Let's take a closer look at why bargain hunters may want to consider adding Disney to their portfolio at this time. 

Disney stock briefly topped $200 to hit all-time highs in early 2021, fueled primarily by excitement for the fast-growing subscriber base at Disney+. The premium streaming service is largely the reason why the shares have been cut by more than half. Investors ignored the mounting losses to get Disney+ off the ground, but it's a new narrative these days. The Disney+ helmed direct-to-consumer segment saw its operating loss widen from $1.7 billion in fiscal 2021 to more than $4 billion last year. The negative trend is finally starting to reverse. 

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Source Fool.com