As far as blue-chip. large-cap companies that could form a cornerstone or pillar of one’s investment portfolio go, I’ve long touted Walt Disney Company (NYSE:DIS) as one of the best choices for long-term investors for some time. Despite relative underperformance compared to other names in the technology sector and other high-growth areas of the economy, Disney’s stock price has performed very well of late, making new highs in recent days and giving the company a market capitalization of more than $275 billion.
I expect this performance to continue for some time as investors look past this pandemic toward a brighter future in 2022 and beyond. The arrival of new vaccines and a return to normal will most certainly be welcomed by experience-focused companies like Disney that rely on entertaining its clientele in person. The company’s theme parks, cruise operations, and hotels business has suffered greatly in this pandemic, and recent news around the timeline of when we should see new vaccines is very encouraging to investors.
This is a stock that has indeed become more expensive in recent months, so I would encourage investors to keep this company on their watch list if one missed out on the buying opportunity the pandemic provided. In particular, I’d recommend investors watch the company’s investor event on December 10 for more details on what can be expected from the media and entertainment giant in the quarters to come.
Invest wisely, my friends.
