After absorbing the severe market shock of the COVID-19 crisis, Walt Disney (NYSE:DIS) went on to deliver astonishing gains. At its peak, DIS stock breached the $200 level, an all-time high for the company. Fundamentally, Disney offered cheap at-home entertainment, thus commanding a premium during the shelter-in-place days. Though this narrative took a hit following the relaxing of COVID policies, economic pressures make the entertainment giant relevant again. I am bullish on DIS. Launched in November 2019, Disney’s streaming service, Disney+, has already attracted significant attention. Not only did it provide meaningful competition to the streaming arena, the Magic Kingdom offered an unparalleled content library.
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