5 Best Seasonal Stocks to Buy Now

1. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 109     

The Walt Disney Company (NYSE:DIS), together with its subsidiaries, operates as an entertainment company worldwide. The firm features on the list of best seasonal stocks to invest in. On September 29, the company announced that it would be beginning a phased reopening of the famous theme park in Florida after closing it for two days in light of the impact of Hurricane Ian. The reopening would mean variable hours for the Disney World and Disney Springs, per the firm. 

On May 12, investment advisory RBC Capital kept an Outperform rating on The Walt Disney Company (NYSE:DIS) stock and lowered the price target to $176 from $210. Analyst Kutgun Maral issued the ratings update. 

At the end of the second quarter of 2022, 109 hedge funds in the database of Insider Monkey held stakes worth $3.2 billion in The Walt Disney Company (NYSE:DIS), compared to 113 in the previous quarter worth $5.2 billion.

In its Q2 2022 investor letter, Oakmark Funds, an asset management firm, highlighted a few stocks and The Walt Disney Company (NYSE:DIS) was one of them. Here is what the fund said:

“The Walt Disney Company (NYSE:DIS) is one of the most beloved consumer companies in the world. Its media business has a rich library of intellectual property, which provides a powerful engine for creating new content across the Disney, Pixar, Marvel, and Star Wars brands. This content also contributes to the success of Disney’s theme parks, which generated nearly half the company’s earnings and grew more than 10% annually in the decade prior to the pandemic. Shares have fallen nearly 50% over the past year as investors worried about the company’s ability to transition its media business to a direct-to-consumer streaming world. This transition has required management to make investments in its Disney+ streaming service that are depressing profitability today. However, we believe these investments will ultimately produce attractive returns as Disney+ continues to grow subscribers and increase pricing over time. As a result, we were able to purchase shares at a substantial discount to our estimate of intrinsic value.”

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