5 Best Dow Stocks To Buy Now

4. Walt Disney Co (NYSE:DIS)

The number of funds bullish on Walt Disney Co (NYSE:DIS) went up by seven to 112 between June and September and the aggregate value of their holdings surged to $8.98 billion from $6.82 billion. Among these funds, David Shaw’s D E Shaw is one of the most bullish, having raised its stake more than threefold to 6.59 million shares, ranking on the third spot behind Fisher Asset Management and Philippe Laffont’s Coatue Management, which own 9.50 million shares and 9.43 million shares, respectively.

Walt Disney Co (NYSE:DIS)’s shares have gained 17% so far this year, staging a recovery from a massive drop in the first months caused by the pandemic that shut down the company’s parks, resorts, and cruises. However, the companys’s streaming service, Disney Plus, which was launched in November, has been seen as a smashing success. At the beginning of December, Walt Disney Co (NYSE:DIS) held its Investor Day event, where it announced that Disney Plus had hit 86.8 million subscribers, which represented an 18% growth from the previous month. This is impressive as when the service was launched, the company set a projection of 60 million to 90 million subscribers by 2024.

Currently, Disney has a forecast of 230 million to 260 million subscribers by 2024, while for its entire family of streaming services, which also includes ESPN Plus and Hulu, it anticipates to reach between 300 million to 350 million. Walt Disney Co (NYSE:DIS) plans to add more content and has raised the cost of the service by $1.00 to $7.99.