Home Forex Time for Disney Magic (DIS Stock)? [Video]

Time for Disney Magic (DIS Stock)? [Video]

by SuperiorInvest

Disney announced earlier this month that advertiser interest in the new ad-supported Disney+ tier is strong. In addition, the appointment of former chairman and CEO Bob Iger as CEO was welcomed by many as a positive move that sent the stock soaring on the news. So does this mean things are looking good for Disney stock?

Seasonality is certainly strong this time of year with 12 gains in 15 years between November 24th and December 31st. With a win rate of over 80%, is now the time to buy some Disney magic?

Main business risks: The main risk here is that Fed aggressively keeps rates rising and that will be the biggest risk for the US supplies usually. Also, past patterns do not guarantee future patterns.

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