Stock Market Sell-Off: Is Disney a Buy?
Over the past 12 months, a stock market sell-off has affected multiple companies as a rise in inflation has spooked investors. The entertainment industry was hit particularly hard, with households worldwide tightening budgets and cutting down on discretionary spending.
As a result, Walt Disney (NYSE: DIS) shares have plunged 41% year to date. The company enjoyed a significant boost in revenue from a reopening of its theme parks in 2022. However, heavy investment in its relatively recent streaming venture considerably decreased its earnings.
Despite market declines, Disney's stock looks like a stellar buy this December in the run-up to the new year. Here's why.
Source Fool.com
