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

Giles Coghlan LLB, Lth, MA Financial Source

Disney reported earlier this month that advertiser interest has been strong for the new-ad-supported Disney+ tier. Furthermore, the appointment of former Chairman & CEO Bob Iger as Chief Executive has been welcomed by many as a positive move sending shares sharply higher on the news. So, does this mean that things are looking good for Disney shares?

The seasonals are certainly strong at this time of year with 12 gains in 15 years over the November 24 to December 31 period. With a win rate of over 80% is now the time to buy into Disney magic?

Major Trade Risks: The main risk here is that the Fed keeps hiking rates aggressively and that is going to be the biggest risk for US stocks generally. Also, previous patterns do not guarantee future patterns.

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Author

Giles Coghlan LLB, Lth, MA

Financial Source

Giles is the chief market analyst for Financial Source. His goal is to help you find simple, high-conviction fundamental trade opportunities. He has regular media presentations being featured in National and International Press.

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