Surprise, surprise and surprise! This week we got a Disney sentiment surprise. After 5 years of being range bound, The Walt Disney Company (DIS) hit an intra day high of $130. This comes one day after Disney revealed its marketing plan for their new subscription service, Disney+, which is their answer to Netflix Inc. (NFLX).
I expect to see a lot of explosive movements in Dow Stocks to the up side between now and Dec. 31st. Your job will be to invest for the long term in Dow Stocks and exercise patience.
Here is a word of advice about The Boeing Company (BA). The FAA is still putting the pieces of the puzzle together as to what caused the two deadly plane crashes on their 747 Max 8 Jet. Once the full investigation is completed and solutions are found, I expect Boeing to retrace sharply. Right now this means Boeing is “on sale” during this pullback.
Patience is a tool used by long-term investors to achieve great results.
Be smart. Be patient.
Tyrone Jackson
The Wealthy Investor
