Disney Wants You to Start Gambling

Joseph Hogue
•October 27th, 2023
DESCRIPTION
Disney stock could be getting a bump in growth and the share price. I'll show you the catalysts for shares of Disney and why you need to invest now. 📊 33% Discont - Portfolio Tracker and Investing Spreadsheet! [Community Discount Code] https://mystockmarketbasics.com/spreadsheetdiscount
Disney stock has been a dog for more than two years and investors have lost a LOT of money. That could be changing soon with three catalysts I'm watching in the stock. Theme park revenue is rebounding and still has a long way to go to its 150 million attendance record, adding billions to revenue. Disney-plus is one of the best streaming services and Disney has the content to keep subscribers.
More than any of this though is the potential for billions in revenue from the new ESPN Bet app that will launch next month. This partnership with Penn will move Disney into the fast growing world of sports betting and could pop the shares higher.
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Stock Market News and Research used in this video:
Credit to The Wall Street Journal for breaking the story on Disney’s partnership with Pen and the upcoming gambling app https://www.wsj.com/business/media/disney-agonized-about-sports-betting-now-its-going-all-in-70b31f3b
Disney shares price valuation and other research from Morningstar https://www.morningstar.com/stocks/xnys/dis/quote
The 10 Stocks Millennials Cannot Live Without https://www.youtube.com/watch?v=zGi3MBew6Ew
10 Stocks GenX Investors are Buying Now https://youtu.be/qZrUGshxKqk?si=PuJjs4h-r9CgotGZ
Disney Investor Relations page https://thewaltdisneycompany.com/investor-relations/
Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through dividend stocks, investing and ways to make more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.

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