Hope everyone had a great weekend,
The market pummeled me on Thursday and Friday, thus I didn’t feel like writing a Stock Talk. It’s about 11 am CT here and the market is doing very well up about 1.5%. Today I am looking at $DIS trading at $110/share. Disney is about 25% away from its All-time high now ($140), and it’s arguably been one of the hardest hit stocks because of the pandemic. Recently with Florida and California’s cases rising there has been huge concern about the theme park reopening dates being moved back. Disney Land in California actually has already moved their reopening date back. Disney World in Floirda, which is supposed to reopen in mid-July, is concerned as well. Along with that Disney owns ABC and ESPN, which hope to have the NBA back come July 30th. The NBA will be playing their games at Disney World, again if Florida recloses this is bad.
However, I remain optimistc and seeing $110 excites me as I believe it is distress right now and will rebound back to the $130 level come August!
Good luck with your trading today.
