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.

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Source Fool.com