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Portfolio Manager On Disney: Catalyst Is The 'Content, Merchandising Machine That It Is'

Portfolio Manager On Disney: Catalyst Is The 'Content, Merchandising Machine That It Is'

Chris Versace was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Tune in to the daily broadcast live Monday-Friday at 8 a.m. ET here.

Chris Versace, investment expert and manager of the Thematic Growth Portfolio, discussed Walt Disney Co (NYSE: DIS)'s stock during Thursday's edition of Benzinga's #PreMarket Prep.

First, Versace explained that names within his Thematic Growth Portfolio include stocks that stand to gain from "shifting economics, demographics, psychographics (how, where, why businesses consuming), technology, regulatory mandates and other factors."

"We want the best exposure to the tailwinds," he stated.

Related Link: 1 Analyst Still Has Faith In Disney

The Disney Play

Returning to Disney, Versace argued he likes Disney because of the upcoming Star Wars film, along with many other upcoming releases from Marvel and Pixar.

"The catalyst for me is the content, merchandising machine that it is," the investment pro added.

Disney is an investment idea because he can "see the signs posted ahead."

One of the signs that Versace was likely referring to was Disney's agreement with Wal-Mart Stores, Inc. (NYSE: WMT) to feature "Star Wars: The Force Awakens" toys. According to New York Post, Wal-Mart will stock its shelves with 500 products from the highly anticipated film with thousands of additional products available for purchase online.

Technical Versus Fundamental Perspectives

Shares of Disney have seen heavy selling since its most recent quarterly results, and forward looking commentary spooked investors. However, Versace isn't necessary concerned with the technical and focuses more on the fundamentals.

While he does take into consideration some of the technical indicators prior to buying a stock (like Disney), he noted technical analysis is a more useful selling indicator. As an example, he looks to trim positions that are "significantly" higher after looking at the chart for signs the stock has been overbought and ripe for a pullback.

Image Credit: Public Domain

Latest Ratings for DIS

May 2021Morgan StanleyMaintainsOverweight
Apr 2021Wells FargoMaintainsOverweight
Apr 2021Truist SecuritiesMaintainsBuy

View More Analyst Ratings for DIS
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