Should You Sell Disney Stock Before the End of 2022?
Walt Disney (NYSE: DIS) stock isn't just down nearly 60% from its all-time highs. Shares of the Magic Kingdom have recently sunk below where they were in early 2020 (when theme parks were completely closed down) and sit at similar levels as in late 2014 (after Disney acquired Lucasfilm but before new Star Wars movies began coming out).
That means that for some eight years now, Disney stock has been dead money sitting in long-term shareholders' portfolios. Returning CEO Bob Iger is taking back the reins of a pumpkin past midnight. Surely it's time to sell Disney, right? Let's see.
Disney is in all sorts of good and bad company this year. Many quality businesses have been clobbered by the bear market, dragged down first by the U.S. Federal Reserve's record interest rate hikes and now by growing risk that those rate hikes could send the world into a recession.
Source Fool.com
