With countless stocks on the rise in 2023, several streaming and entertainment companies have joined them -- beginning a recovery from their steep declines last year. For instance, Walt Disney (NYSE: DIS) , Netflix , and Warner Bros. Discovery have enjoyed stock price growth between 22% and 41% since Jan. 1.
Despite the market's recent upward trend, Disney shares are still down 23% year over year. The company's stock has enjoyed considerable growth in 2023, but it likely still has a mountain to climb before it fully gains investors' trust as a strong buy.
Here's why it's wise to keep a long-term perspective with Disney's stock in 2023.
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Down 23%, Is Disney Stock a Buy in 2023?