7 Stocks to Buy Now and Avoid a Summer Swoon in 2021 - 1 of 7

#1 - Walt Disney Company (NYSE:DIS)

The Walt Disney logo

At some point, I’ll get tired of recommending the Walt Disney Company (NYSE:DIS) as a stock to buy. That day is not today. On a list of stocks that should avoid a summer sell-off, Disney is one of the first to come to mind.

From a technical standpoint, despite being up 44% in the trailing 12 months as of June 3, 2021, the path hasn’t always been true north for Disney. At many times during the pandemic, the bears briefly seized control. But my bullishness on Disney is not strictly from a technical standpoint.

Prior to the pandemic, my bullish outlook on Disney was on the whole being greater than the sum of its parts. During the pandemic the company’s streaming service, Disney+, carried a heavy load. Now it won’t have to carry the load by itself. And I imagine that investors will quickly begin to see the magic return to DIS stock including, perhaps, a reinstatement of the dividend that they suspended at the onset of the pandemic.

About The Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations. Read More 

Current Price: $175.33
Consensus Rating: Buy
Ratings Breakdown: 22 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $201.19 (14.8% Upside)

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