They may be in different businesses, but in at least one regard, Walt Disney (NYSE: DIS) and Peloton Interactive (NASDAQ: PTON) are a lot alike at the moment. The entertainment giant's stock is falling after it reported slowing growth of its flagship streaming product, Disney+, while shares of the fitness equipment maker are down in response to a major product recall that dented the company's reputation. Of course, both stocks were already peeling back from peaks hit earlier this year following stellar run-ups in 2020.
Smart investors know these dips are buying opportunities, even if taking such a plunge feels uncomfortable. Both brand names are among the most respected in their respective industries, and will surely survive their current headwinds. If you're interested in buying into either, you're not crazy.
If you've only got room for one consumer discretionary name right now, however, it's got to be Disney.
Source Fool.com