DIS - Forget Disney: Buy and Hold This Magnificent Streaming Stock Instead
2024-01-28 04:15:00 ET
Everyone knows Walt Disney (NYSE: DIS) . Its TV networks, streaming services, and theme parks are popular among consumers. The company has been dealing with lots of changes in the past couple years, though, as CEO Bob Iger tries to focus on getting back to growth and improved profitability.
The market doesn't like this uncertainty. Consequently, shares of this top media and entertainment business dropped 46% in the past three years (as of Jan. 24), compared to the 27% gain of the S&P 500 .
Investors might be thinking of buying Disney in the hopes things can turn around, which could lead to huge returns. But it's a better idea to consider another streaming stock .
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Forget Disney: Buy and Hold This Magnificent Streaming Stock Instead