Walt Disney
In November 2020, Walt Disney reported a loss of $2.4 billion after coronavirus forced the company to shut its theme parks, one of its major profitable businesses. To say that the pandemic has affected the entertainment industry is clear, but thankfully, stock experts see the sector’s resurrection.
Analysts predict Disney will come back with a bang in 2021, and Matrix Capital Management has bet on the company by adding another 2.2 million shares to its stake in the third quarter of 2020. This accounts for 6.9 percent of Waltham, Massachusetts-based firm’s holdings.
