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The end of the Disney game is brilliant.
Newton said that, although the stock is clearly overbought here, he notes that the positive momentum continues in May "before we exceed expectations."
"We have just parted from a three year base on a very, very good volume.So, yes, it's overbought in the short term, but any downturn would be a chance to buy this title, ideally of, really, Zone of 120 to 130 dollars ", he declared. "[It’s] really premature to think of selling right now for technical and fundamental reasons. "
Strategic Wealth Partners President and CEO Mark Tepper said the title was "rated to perfection".
"Disney's demand across the roof right now," said Tepper. "Disney + M" really impressed with their $ 6.99 [per month subscription] offer. I did not expect that they would go so low. But, quite frankly, the current stock price is at around $ 137. I will not pursue him. "
Tepper noted that historically, Disney shares traded with a premium of about 7% compared to the broader stock market. But now, it's over 30%.
"A bonus of 7% would give them a price of $ 112. A premium of 40%, which is high, would cost them only $ 145, so there is not much benefit at this level. ", did he declare. "Frankly, a premium of 30 to 40% represents a high risk of taking only one job."
And as the jury still does not know how Disney + will compare to other more established streaming services, Tepper would not be too excited about the stock of Mouse House at these levels.
"We are looking at a five-year cash-flow loss for their streaming operations, and in reality, the overall streaming plan has many inherent risks, but we do not really know how it's going to go. unfold, "he said. "Very good company, but all the hiccups and this thing will go down, so we will not pursue it."
The Disney stock is up more than 25% since the beginning of the year.
Disclosure: Strategic Wealth Partners owns Disney shares for its clients. In addition, Comcast is the owner of NBCUniversal, parent company of CNBC and CNBC.com.
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