Douglas C. Lane & Associates' Sarat Sethi bought shares of Walt Disney Co DIS ahead of the company's 2022 Investor Day presentation, which kicked off at 1 p.m. ET Wednesday.
"As more people go to the theme parks, the more the streaming services, more the whole network effect works," Sethi said Wednesday on CNBC's "Fast Money Halftime Report."
As the company's flywheel effect ramps up, so will Disney's earnings power, he said. Sethi said Disney's expanding earnings power hasn't been reflected in the stock price.
See Also: Move Over Disney+: Why Theme Parks Could Be Disney's Real Growth Driver In 2022
DIS Price Action: Disney has traded as low as $129.26 and as high as $203.02 over a 52-week period.
The stock was up 1.86% at $134.16 at time of publication.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
