Barclays analyst Kannan Venkateshwar cautioned Netflix is 'on a path' to add 2.7 million subscribers — significantly less than the 4.5 million the company has projected. Read More...
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Down 40% in This Bear Market, Can Walt Disney Recover in 2023?
Shares of Walt Disney (NYSE: DIS) are down 39.8% since the S&P 500 market index peaked on Jan. 3, 2022, according to data from S&P Global Market Intelligence. When media-streaming rival Netflix (NASDAQ: NFLX) reported weak fourth-quarter results and suggested that its ever-skyrocketing subscriber count might shrink later in the year, some investors saw red flags for the streaming media sector as a whole. Disney’s stock fell 6.9% that day.
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