Shanghai Disneyland is the first park to reopen after 3.5 months of being closed. The park will require social distancing, masks, and only allow 24,000 visitors at a time compared to its standard 80,000 capacity.
Disney (DIS - Free Report) is hoping that a successful reopening in Shanghai will enable them to reopen more of these cash cows around the world. Disney Parks make up a substantial portion of the business’s bottom-line, with Park, Experiences, and Products accounting for roughly 40% of the firm’s profits.
Parks’ closures had a $1.4 billion impact on the firm’s March quarter earnings, and analysts are predicting that pandemic could cost Disney’s parks $5 billion in 2020.
The company is eager to reopen its theme parks. Shanghai’s park reopening is a trail-run for the rest of Disney’s 12 global parks.
Disney shares are down 26% for the year, but once more parks are scheduled to reopen, I suspect this stock will see a strong rebound.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Shanghai Disneyland is the first park to reopen after 3.5 months of being closed. The park will require social distancing, masks, and only allow 24,000 visitors at a time compared to its standard 80,000 capacity.
Disney (DIS - Free Report) is hoping that a successful reopening in Shanghai will enable them to reopen more of these cash cows around the world. Disney Parks make up a substantial portion of the business’s bottom-line, with Park, Experiences, and Products accounting for roughly 40% of the firm’s profits.
Parks’ closures had a $1.4 billion impact on the firm’s March quarter earnings, and analysts are predicting that pandemic could cost Disney’s parks $5 billion in 2020.
The company is eager to reopen its theme parks. Shanghai’s park reopening is a trail-run for the rest of Disney’s 12 global parks.
Disney shares are down 26% for the year, but once more parks are scheduled to reopen, I suspect this stock will see a strong rebound.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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