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Hold Your Nose And Buy Disney?

June 28, 2023

Is it time to just hold your nose and buy Disney down here?

Sector rotation has been working.

The laggards are catching a bid.

Is Disney the next stock that money is going to rotate into?

Whenever in doubt, zoom out.

That's how I learned it.

Disney is one of those names that many investors wish they bought over the years when they had the chance.

Look at the long-term chart:

If support is going to come in, wouldn't this be where that would happen?

Sentiment is down in the dumps with all the "woke" stuff they've been struggling with. And the stock has suffered accordingly.

So with prices down near former support, all within a massive long-term uptrend, and sentiment towards the company as bad as I can remember, is now the time?

What do you think?

Feel free to chime in here.

We love to hear from you.

JC