DIS Is A Buy - InvestingChannel

DIS Is A Buy

Disney (DIS) – a stock that I have successfully shorted this year – reported 1Q22 earnings Wednesday afternoon and now looks like a buy to me. Overall revenue was +30% year over year led by Parks & Experiences which is benefitting from economic reopening and easy comps. Media & Entertainment revenue was +10%. Disney+ added 8 million paying subscribers in the quarter to reach 137.7 million. Segment Operating Income was +50% and Adjusted Diluted EPS $1.08. With a meaningful low in sight and DIS’s fundamentals holding up, the stock presents a nice way to play a rally in my opinion (along with Palantir (PLTR) and Shopify (SHOP)).

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