Investing in stocks is not for the faint of heart. The stock market can be quite volatile and is full of ups and downs. Sometimes your stocks do well, sometimes they don’t. An investor with an appetite for risk can comfortably surf through these ups and downs and an experienced investor knows when to get out before it’s too late. Although investing in stocks is risky, this is probably the only kind of investment that will give you the highest rate of return, when compared to other investment avenues.
There are many companies that are doing well on the stock exchange. Most of these companies belong to industries like information technology, entertainment, artificial intelligence, e-commerce, etc. If we take a closer look at the entertainment industry, you’ll see the big players in this sector are drawing in billions in revenue every year. The size of the US entertainment industry alone is worth 720 billion dollars. The worth of the entertainment industries all over the world combined would be much higher than this. And the products and services produced by this industry is something that is used by every individual, regardless of age. So investing in this sector could be a good choice for an investor.
One of the biggest players in the entertainment business is the Walt Disney Co. The company is an American mass media and entertainment conglomerate. Founded in 1923, this company has established itself as the leader in the animation industry. The company was founded on 16th October 1923 by Disney Brothers, Walt Disney, and Roy O. Disney. The company started out by making silent films before transitioning into animations and cartoons. Its success took off when animator Walt Disney created Mickey Mouse. Mickey Mouse is a cartoon character that is loved by people even today, 92 years after its creation.
Walt Disney Co. now operates through two main segments. The film studio division has film studios like Pixar, 20th Century Studios, Walt Disney Picture, Walt Disney Animations, Marvel Studios, etc. The other segment is involved in television, broadcasting, publishing, streaming services, consumer products, theme park resorts, etc. The television division of Disney owns and operates the ABC network and has channels like ESPN, Disney Channel, National Geographic, etc. The company also provides streaming services through Disney+, Hulu, ESPN+, and Hotstar.
The Walt Disney Co. stock is listed on the New York Stock Exchange as ‘NYSE DIS’. Its recent closing price was $173.43. Analysts are showing good interest in this stock and have given it a consensus ‘buy’ rating, anticipating that Disney+ might topple over Netflix, another streaming giant in the sector. The stock is expected to fall by 6.9% from its current price, so this would be the time to buy the stock. You can check the DIS news at https://www.webull.com/newslist/nyse-dis before investing.