Grab Disney Under $100 (While You Still Can)

Disney's monster bet is paying off, and LikeFolio data suggests the bullish momentum is only just getting started... [Derby City Daily logo] [Derby City Daily logo] [Grab Disney Under $100 (While You Still Can)]( By Andy Swan As consumers navigate through tighter budgets and an uncertain economy, one thing’s stayed constant: their appetite for memorable experiences. A recent FinTech study confirms a striking trend, revealing more than half of consumers (51%) still prioritize experiences over other discretionary spending. And in this experience economy, one company reigns supreme – providing the ultimate immersive experiences in its theme parks and through its streaming services. The Walt Disney Company (DIS) drew more than 17 million folks to its flagship Magic Kingdom in 2022 alone. Another 16.88 million visitors flocked to its “OG” Disneyland in Anaheim that same year. It’s no wonder Disney’s experiences division is the single biggest profit driver under its expanding umbrella. The company operates seven of the top 10 most-visited amusement parks in the world. And with CEO Bob Iger back at the helm, Disney plans to “turbocharge” its parks profit engine with another $60 billion over the next decade. It’s a bold move aimed at offsetting the more than $11 billion in streaming losses the company has racked up since launching Disney+ in 2019. And spoiler alert: It’s working. [As Disney celebrates its 100th anniversary, LikeFolio data suggests its stock may not stay below $100 much longer...]( [Click here to continue reading]( Until next time, [Andy Swan's signature] [Andy Swan's signature] Andy Swan Senior Analyst, Derby City Insights © 2023 TradeSmith, LLC t/a Derby City Insights. All Rights Reserved. 1125 N. Charles Street, Baltimore, MD 21201 To unsubscribe or change your email preferences, please [click here](. [Terms of Use]( | [Privacy Policy](