Schaeffer's Top Stock Picks for '25

Disney Stock Struggles on Heels of Shanghai Park Closure

Analysts were brimming with optimism ahead of today's news

Managing Editor
Jan 24, 2020 at 8:59 AM
facebook X logo linkedin


The impact of the fatal coronavirus is at it again, this time forcing the closure of Walt Disney Co's (NYSE:DIS) Shanghai park, in an attempt to curb the rapid spread of the highly contagious illness. Asia has been slammed by the disease this week, causing a dip in stocks worldwide, though last night markets mostly recovered after-hours in response to the World Health Organization (WHO) decision not to declare a public health emergency. This morning, DIS is down 0.7% in electronic trading. 

The Dow component yesterday pulled back to the supportive 80-day moving average, and remains an impressive 28% higher year-over-year. The 80-day's line of support also coincides with the equity's $140 level, seemingly ready to step in and cushion the shares again today amid the park-closing setback. 

Analysts weren't phased coming into today's trading. Specifically, 12 of 15 sport a "buy" or "strong buy" recommendation, while the remaining three carry a tepid "hold" and zero "sells" on the books. Plus, the stock's average 12-month price target of $157.76 comes in 10% above Thursday night's close.
 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?