Shares of entertainment kingpin Disney (DIS) are down 12% year-to-date. With COVID-19 cases weighing down the firm's parks business, it has undoubtedly been the perfect storm. The latest weakness in Netflix's (NFLX) subscriber growth numbers sent further shockwaves through the industry. Still, investors were already bracing themselves for more muted growth over at Disney+, even in the face of a pretty strong content lineup for 2022. So much for streaming woes already being baked in. I'm bullish on Disney stock. Netflix's Quarterly Flop Drags Down Disney Stock Netflix CEO Reed Hastings admitted competition in the space was a reason for slower subscriber growth numbers and a weaker outlook.
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Walt Disney (NYSE:DIS)
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Walt Disney (NYSE:DIS)
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