'Avengers: Endgame' could supercharge Disney shares, says expert $DIS (via TradingNation)
div > div.group > p:first-child"> Shares of the entertainment giant rocketed to an all-time high of $137.24 per share on Thursday ahead of opening weekend for "Avengers: Endgame," the final chapter in a four-film franchise featuring characters from across the Marvel universe. The film is expected to break numerous box-office records, including the best-selling opening weekend in history and the fastest movie to reach $1 billion in ticket sales.
Newton said that while the stock is clearly overbought here, he sees the positive momentum continuing into May"before we top out." Strategic Wealth Partners President and CEO Mark Tepper, on the other hand, said the segment that the stock was"priced for perfection." Tepper noted that, historically, Disney shares have traded at a roughly 7% premium to the broader stock market. But, now, it's more than 30%.
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