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Package Name: Computer Industry StocksRecommended Positions: Long
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Disney Stock Prediction: Strong Box Office Performance Is A Tailwind For Disney
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First. DIS Stock Prediction
Summary:- In spite of a hacker threat that Disney’s latest Pirates of the Caribbean film was stolen and was held for ransom, the movie is topping U.S. and international box office charts.
- Pirates of the Caribbean: Dead Men Tell No Tales’ four-day U.S. gross sales is $77 million. The global release also took in $208.4 million.
- Movies are not Disney’s major revenue generators, but their success or failure usually influences the stock more than the Parks & Recreation division.
- The Studio & Entertainment segment, which covers movies, delivered 28.17% growth last year. It was the best performing division of Division.
- DIS has positive market trend algorithmic forecasts. They are signaling a buy for Disney’s stock.
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