Disney has a lot of challenges, going to take a while to turn around: Strategist

Yahoo Finance Video
90,801 次觀看・1 年前

Walt Disney CEO Bob Iger may be staying on through 2026, but Thornburg Investment Management Co-Head of Investments Ben Kirby is still steering clear of the stock. "What is very clear is the consumer is slowing and Disney (DIS) is exposed to that," Kirby tells Yahoo Finance Live. Kirby also points to the decline in the linear television business and the cash burn of Disney's streaming business as reasons to not own the stock. Kirby is also cautious on buy now, pay later business due to concerns about the low-end consumer. 

Kirby is more bullish on BioMarin Pharmaceutical (BMRN) and Charles Schwab (SCHW), a company he says can be "resilient even as the economy slows."