Disney Stock: More Upside Potential Ahead after Magical Q3

Disney stock is fresh off a great third quarter led higher by Parks and its streaming platform Disney+. As the firm’s segments fire on all cylinders again, count me as unsurprised if the firm can surge into a recession.

Shares of media kingpin and video-streamer Disney (DIS) have been on quite a tear of late, soaring off their June lows. Undoubtedly, the stock was oversold and was long overdue for a relief bounce on the back of numerous catalysts I pointed out in prior pieces. Theme parks are flexing their muscles again, and recentDisney+ numbers were far better than feared. Indeed, there’s hope that the company’s third quarter is just a hint of what’s to come for the House of Mouse going into year’s end.