Walt Disney Co.'s DIS "Black Widow" brought in $80 million in box office sales and generated another $60 million through the Disney+ streaming service in its first weekend.
What Happened: During CNBC's "Fast Money Halftime Report" on Monday, Cerity Partners' Jim Lebenthal said he added to his position in Disney.
Disney is a reopening play with its theme parks and studios, but it also has its Disney+ streaming platform, Lebenthal said.
Disney+ did well during shutdowns, but it will continue to do well amid the reopening, he added.
Lebenthal said he is looking for stocks that have consolidated or corrected and Disney fits the bill. The stock has pulled back from its highs in March, he said, adding that he thinks it is ready to trend higher again.
Why It Matters: JPMorgan analyst Alexia Quadrani reiterated Disney with an Overweight rating and a price target of $220. The analyst sees the current price of Disney stock as a favorable entry point for long-term investors.
DIS Price Action: Disney has traded as high as $203.02 and as low as $113.37 over a 52-week period.
At last check Monday afternoon, the stock was up 4.15% at $184.38.
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