Karl Snyder was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.
Garden State Securities Chief Market Strategist Karl Snyder discussed Walt Disney Co DIS following its Q2 earnings release.
Even with Disney’s shares up nearly 20 percent year-to-date, Snyder suggested that investors “ride this trend.”
While short-term traders might want to take some profits, however, Snyder noted that for longer-term investors there would be no reason to move out of the name.
Snyder mentioned the trend could turn so investors should not be complacent, yet, as long as the trend continues, investors should “ride that trend.”
Walt Disney recently traded at $112.15, up 1 percent.
Listen to the show here:
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