Disney Stock Has a Lot to Prove This Week
There are a lot of reasons to get excited about Walt Disney (NYSE: DIS) as it gears up to post results for its fiscal fourth quarter on Wednesday afternoon. There is growing momentum for its theme parks, movies, and even its recently restarted cruise line operations. Disney+ continues to be a rising star in the premium streaming market despite getting ready to blow out the two candles on its birthday cake later this week.
Expectations are high, but somewhat surprisingly the stock is not. Disney is in much better shape than it was a year ago, but the stock is still trading 2% lower year to date through Monday's close. A strong report on Wednesday would naturally get the House of Mouse out of the red.
Image source: Disney.
Source Fool.com
