Walt Disney’s shares have a magical seasonal pattern ahead of them with no losses in 10 years between June 22 and July 14. The average return has been a healthy 3.64% and the maximum profit has been 5.72% in 2021. Also, the pattern has been quite steady over the seasonal period with similar gains each year. Will Walt Disney shares gain again this time between June 22 and July 14?

In their last revenue report, Walt Disney’s revenue grew by 23% for the quarter and 29% for the last 6 months. Disney’s parks and resorts are generally seen to be operating without significant COVID-19 capacity restrictions, but some of the cruise ship operations are still impacted. However, Disney+ subscribers grew to 137.7mln from 134.4mln expected. Will these fairly robust earnings help support the strong seasonal trend?

Major trade risks: Any return to COVID-19 lockdowns or a significant drop in Disney+ subscribers will negatively impact this outlook.

 


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