These 5 Stocks are Skyrocketing Today

1. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 112

Shares of The Walt Disney Company (NYSE:DIS) rallied over 10 percent before the opening bell today as investors cheered the return of former chief executive officer Bob Iger. The entertainment giant reappointed Iger as CEO on Sunday and the development came as a surprise for many.

Iger, who retired last year, will immediately replace the current CEO Bob Chapek. Iger has tons of experience as he has served The Walt Disney Company (NYSE:DIS) for more than four decades.

He plans to lead The Walt Disney Company (NYSE:DIS) for two more years. Nevertheless, Iger is returning at a time when the company is facing a lot of challenges. As of Friday’s closing, Disney stock was down more than 40 percent on a year-to-date basis.

Meanwhile, The Walt Disney Company (NYSE:DIS) is also preparing for cost cuts to steer through an uncertain economic environment. Moreover, the company’s latest quarterly financial report disappointed investors as both adjusted earnings and sales fell short of expectations.

You can also take a peek at 10 Best European Dividend Stocks To Invest In and 12 Best Consumer Staple Stocks.