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Barchart
Barchart
Mohit Oberoi

Disney Stock: Buy or Sell Ahead of This Week's Earnings?

Disney DIS Bob Iger Amazon Netflix

Walt Disney Company (DIS) is scheduled to release its fiscal Q3 earnings after the close this Wednesday, Aug. 9. The stock’s price action has disappointed this year, and DIS is trading flat for the period - despite the S&P 500 ($SPX) rising in double digits.

Looking longer term, Disney’s underperformance is not limited to 2023. In fact, its current price levels are not too far above its March 2020 lows – which investors will recall as the time period when stock markets globally crashed in response to the emerging COVID-19 pandemic.

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