Disney Gave Investors 60 Billion Reasons to Buy

By Neil Rozenbaum – Sep 21, 2023 at 10:15AM

NYSE: DIS

Walt Disney

Market Cap

$207B

Today's Change

(-0.04%) -$0.04

Current Price

$112.73

Price as of April 26, 2024, 4:00 p.m. ET

Disney stock is down over 60% since its 2021 highs. Is DIS stock a buy now?

In this video, I will be talking about Disney (DIS -0.04%), specifically the announcement that will see the company invest $60 billion in its Disney parks, experiences, and products segment over the next 10 years. I will explain in this video why this is good news for long-term investors.

*Stock prices used were from the trading day of Sept. 19, 2023. The video was published on Sept. 21, 2023.

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Walt Disney. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.