Can Disney Stock Stay Above $100 This Time?
A strong earnings report sends Disney stock into triple digits, but investors have seen this story before.
Overview
It's a tale as old as time, as they say in Walt Disney's (NYSE: DIS) Beauty and the Beast.
The beauty? Disney does something that makes it attractive to Wall Street. It could be another box office blockbuster, general market appreciation that content is king, or -- as investors saw Wednesday morning -- a blowout financial update. The stock price leapt its way out of the high double digits, landing north of $100.
Details
Then comes the beast. It could be a theatrical flop, slowing turnstile clicks at its theme parks, or just the general frustration with Disney's tendency to fall back into single-digit revenue growth. It may feel like a recurring dream that turns into a nightmare, but this is the fifth consecutive calendar year Disney shares have hit triple digits, only to buckle below $100 later in the year.
Source
Originally published at www.fool.com.