Media and entertainment company The Walt Disney Company (DIS) struggled with changing CEOs, the high cost of streaming, and other macroeconomic headwinds in 2022. DIS’ stock lost approximately 44% last year, marking its biggest annual decline since 1974. The stock is expected to plunge further this year due to continued macroeconomic turbulence.
Given its bleak prospects, investors could avoid this risky entertainment stock in 2023. Various reasons why I am bearish on DIS are discussed in this piece.
