This story was originally published here.
This year’s price action on the Disney (NYSE:DIS) stock chart has been just as volatile as the roller coaster track on Mr. Toad’s Wild Ride at Disneyland.
However, for those who have been able to power through the nausea from all of the back-and-forth action, DIS stock has climbed back from some of the losses it was sitting on in March.
Unfortunately, the stock’s bullish momentum has been temporarily halted thanks to the resurgence of confirmed novel coronavirus cases across the United States. Now DIS sits at the No. 6 spot in the Best Stocks contest.
Empty Theme Parks Hurt DIS Stock
DIS continues to be negatively impacted by social-distancing guidelines.
For a while, it looked like the U.S. economy was opening back up and consumers were starting to embrace a new sense of normalcy. DIS took full advantage of this trend by announcing it would be reopening its theme parks in both California and Florida in July.
Sadly, tightening government restrictions and nervous employees have delayed theme park reopenings indefinitely.
This negative surprise has been a blow to the company. Why? Disney’s U.S. and international theme park and hotel business is currently responsible for more than 34% of the company’s revenue and 37% of the company’s earnings. We had hope these numbers would be able to rebound during the second half of 2020, but we’re not confident of that anymore…
Editor's Note: Click here to keep reading.
VIDEO: The electric car battery demo breaking the Internet
A new type of battery is taking the Internet by storm.
When you see what it can do you might not believe what you are seeing is real.
Insiders are calling a “paradigm shift” in energy technology…
A “forever battery” that will usher in the next great energy revolution.
Even going so far as to call it the “Jesus Battery” because the properties it exhibits are so miraculous.
Forbes calls it simply, “The battery that could change the world.”
Already, the world’s biggest auto makers are inking blockbuster deals to get this new type of battery into their fleets as soon as possible—General Motors… Ford… Toyota… BMW… Volkswagen… Honda… Mitsubishi… Mercedes… Nissan… Hyundai… Audi… and Porsche…
Even leading oil corporations like BP and Exxon are bracing for the impact it’s about to have on society and are now making huge investments.
What is this new battery exactly, and what is it capable of?
Editor, Matt McCall’s Investment Opportunities
P.S. Right now the world’s most influential businessmen are storming this red-hot technology right now, while it’s still in its infant stages: Microsoft Founder Bill Gates, Amazon founder Jeff Bezos, China’s richest man and Alibaba founder Jack Ma, and Facebook founders Mark Zuckerberg & Dustin Moskovitz just to name a few. Click here for the full story.