Is it time to buy Disney? Two market pros make their case for and against the stock

Disney beat Wall Street expectations for its first-quarter earnings , but it was its vast restructuring plan that stole the headlines. With CEO Bob Iger back at the helm, Disney is seeking to make a "significant transformation" of its business by reducing expenses and putting the creative power back in the hands of its content creators. This includes a plan to reorganize its business into three segments, while also slashing $5.5 billion in costs.

" "In the meantime, you can buy many stocks in the consumer discretionary sector that don't have the heavy lifting of a restructuring. They still have America's best brands, and the products are reasonably valued," he added. But Jason Ware, chief investment officer at Albion Financial Group, remains bullish on Disney. He believes the company is a "great business" and investors should take a long-term view.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Disney stock gains as Bob Iger's earnings return produces a beat despite Disney+ disappointmentDisney Chief Executive Bob Iger returned to the earnings stage Wednesday and delivered a big beat, largely thanks to improving financial results at $DIS’s theme parks, but Disney+ subscribers declined more than expected.
Source: MarketWatch - 🏆 3. / 97 Read more »

Disney stock soars as Iger plans 7,000 job cuts in return to earnings stageBob Iger returned to Disney's earnings stage and delivered a big beat, largely thanks to theme parks, but Disney+ subscribers declined more than expected.
Source: MarketWatch - 🏆 3. / 97 Read more »

STOCK MARKET NEWS: Disney job cuts, Musk responds to Twitter outage, Toyota profitDisney shares rise on job cuts and earnings beat. Twitter suffers outage. PepsiCo earnings on tap. Affirm Holdings shares plunge. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. Cathie Wood said Ark Innovation is the new NASDAQ. 🤣🤣🤣🤣🤣
Source: FoxBusiness - 🏆 458. / 53 Read more »