Disney (DIS) stock can't seem to catch a break these days, with shares immediately plunging following the release of an underwhelming quarter that saw waning growth numbers in its streaming service Disney+. Undoubtedly, Disney is a reopening play, with its amusement businesses at ground zero of COVID-19's impact, but with a high-growth stay-at-home business in Disney+. With the first Omicron cases popping up in the U.S., Disney stock seems to be punished as the company was a pure lockdown play, now that the Disney+ hype has died down. I think it's a mistake to think Disney's streaming growth prospects will lag forever.
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Walt Disney (NYSE:DIS)
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Walt Disney (NYSE:DIS)
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From Jan 2021 to Jan 2022 Click Here for more Walt Disney Charts.