5 Blue-Chip Stocks at All-Time Lows

1. The Walt Disney Company (NYSE:DIS)

Market Cap: $152.2B

While The Walt Disney Company (NYSE:DIS) hasn’t seen its all-time low (yet), the media giant’s stock did fell to a nine-year low in August. The Walt Disney Company (NYSE:DIS) has been facing deep-rooted troubles as its theme parks and Marvel Studios business face challenges. Disney+ is also facing tough competition in a market that is fast becoming saturated with major players fighting to get new subscribers. The Walt Disney Company (NYSE:DIS) recently announced an increased investment plan for its Disney Parks, Experiences and Products business. Some analysts believe The Walt Disney Company (NYSE:DIS) stock is a long-term buy as the company is expected to turn its business around in the months and years to come.

Raymond James recently started covering The Walt Disney Company (NYSE:DIS) with an Outperform rating. The firm’s analyst Ric Prentiss said:

“The traditional media sector is in a transition period from the very profitable but secularly declining linear business to the more difficult and competitive but secularly growing streaming business, further impacted by COVID-19’s impact on movie theater attendance, a cyclical advertising downturn, broader macroeconomic concerns, plus both a writers’ and actors’ strike.”

Diamond Hill Large Cap Strategy made the following comment about The Walt Disney Company (NYSE:DIS) in its Q2 2023 investor letter:

“Our bottom contributors in Q2 included health insurance company Humana, biopharmaceutical company Pfizer and global entertainment company The Walt Disney Company (NYSE:DIS). Disney’s Bob Iger returned to the CEO’s seat in November 2022, replacing Bob Chapek, who left following a turbulent tenure. As a result of disappointing quarterly results and incremental commentary suggesting a more inline strategy with other media, the market has become less confident that Iger will achieve a turnaround by the end of his 1.5- year contract. We continue to believe Disney has a unique collection of assets and owns some of the best content among all media companies. Their ability to monetize this content across many platforms — studio, theme park, toys, streaming — is incredibly valuable; thus we remain investors.”

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