Should You Buy Disney Stock In Spite of Delta Variant Concerns?
With the delta variant of COVID-19 spreading around the world and prolonging the pain of the pandemic, it feels a little like Walt Disney (NYSE: DIS) is back in a sort of no man's land all over again. It's not just that renewed pandemic fears could put a damper on Mickey and friends' gradual theme park reopening and box office normalization. COVID-19 continues to alter consumer activity, and in-person experiences -- what was once Disney's marquee segment -- may not be the same again for a long time.
The business need not be perfect to make this stock a buy, though. In fact, Disney has severely underperformed the S&P 500 since the start of 2020 (thanks, in no small part, to the stock's 2% decline so far this year compared to a nearly 20% gain for the index). But the Magic Kingdom proved on its last earnings call there are still plenty of reasons to invest for the long haul -- delta variant or not.
Image source: Getty Images.
Source Fool.com
