Here are three solid-investment production company stocks.
The Walt Disney Company (NYSE: DIS)
If you’re looking for epic returns on a high-profile stock, Disney is the one to buy.
Currently trading around $112, this hot stock continues to pull its weight in the entertainment industry.
There’s no doubt that Disney holds the number-one slot for brand recognition. The company also gained momentum by outperforming both first- and second-quarter expectations. Will the third quarter follow suit? Stay tuned.
Q3 estimates are targeted at $13.2 billion, and even if the company merely meets those expectations, they’re still golden.
Bottom line: Disney brings the masses to movie theaters. The company’s acquisition of Lucasfilm in 2012 basically guarantees the continuation of this trend.
How about current box office draws? In May, superhero smash hit Avengers: Age of Ultron had the second-largest box office opening in the history of filmmaking. The film earned $1.4 billion worldwide.
Of course, Frozen didn’t hurt Disney’s bottom line, either.
Analysts predict that the Disney company, overall, will bring in $52.6 billion in 2015. If estimates are accurate, this represents a year-over-year growth of 7.7%.
Will Walt Disney’s legacy last forever? At this rate, it sure looks like it.