- Guests have so far been very "cooperative" with new safety measures (like temperature checks and face coverings) at Disney's (NYSE:DIS) Magic and Animal Kingdom, which reopened on Saturday in Orlando, Florida.
- "There's a lot of trust here, both from our cast members and our guests, and we’ve got a responsibility to deliver on that trust," said Josh D'Amaro, chairman of Disney's Parks, Experiences and Products segment.
- He declined to give specific ticketing numbers, but revealed that guests are booking reservations to visit Disney's parks and resorts as far out as 2021.
- Shares of the entertainment giant climbed over 2% on Friday and about 6% week to date, as the company prepared to reopen (Epcot and Hollywood Studios unlock their gates on July 15).
- "Technically speaking, it is something to own," said Mark Newton of Newton Advisors regarding DIS shares. "We all know the market is forward-looking. If we have, in fact, seen the worst and we can see, at least, lower rates of curves and things flattening out, then I think the stock likely is going to be good to own at least into the fall and potentially into year end."
- "A move above $128 could open things up for a move up to 140-150, which is between 17% and 26% higher than where Disney is now," but "we have to watch for any move under 107 if things don't materialize as expected. For now, I do like the stock, and I would own it for the weeks ahead."
- "We would be invested in Disney. In fact, we own this in our all-cap value portfolio," added Chad Morganlander, senior portfolio manager at Washington Crossing Advisors. "We believe that due in part to the coronavirus, we're path-dependent on a therapeutic as well as other medical treatments."