October 9th, Weekly Update

This week we are looking at the potential of Disney offers and why you should buy as soon as possible. Back when the writers strike started (May 2nd) Disney’s stock was sitting a bit higher than $100, then immediately dived into the $80 dollar range. The reason the stock offers so much potential is the writer strike is over, so Disney is back to their release schedule. Once big name movies such as Star Wars and Avengers release, the stock price is destined to rise. The business side of Disney is facing some purposeful and non purposeful shake ups; Disney is looking to sell a part of ESPN, and potentially sell Hulu as a whole. Not only that, but Bob Iger the CEO of Disney announced a plan to spend $60 Billion dollars to expand their cruise line and amusement parks which have been their most profitable assets in recent years (with exception of Covid). As for non purposeful shakeups, Billionaire activist Nelson Peltz is seeking to receive multiple board seats which would in turn give him major sway in the company’s future. In Spite of this, Disney seems to have a bright future ahead of them and would be a great buy at the current price of $84.70.