“Monsters University” took in $82 million this past weekend. Will box office success translate into even more success for the stock?
For the 14th time in a row, Disney’s Pixar releases a film that opens number one at the box office. “Monsters University” took in $82 million this past weekend, schooling Brad Pitt and Paramount’s “World War Z”, which came in number two at $45.8 million. “Monsters” take was also double that of number three, “Man of Steel”.
Though “Monsters” were kryptonite to Superman this weekend, Disney has its own stable of superheroes. Last week, the company announced Robert Downey, Jr. will return as the character Iron Man in two sequels of Disney’s “The Avengers”, the third-highest grossing film in history. “The Avengers” brought in $1.5 billion worldwide.
Though Disney is up nearly 23% in 2013 at $62 per share, it’s about 9% off its all-time high back in May. Valued at $126 billion, the company had revenues of almost $43.8 billion in the last twelve reported months and yields a 1.2% dividend.
Will box office success translate into even more success for the stock? We ask Talking Numbers contributors Richard Ross, Global Technical Strategist at Auerbach Grayson, and Enis Taner, Global Macro Editor at RiskReversal.com, to determine if the mouse house is a monster buy or a stark sell.
To hear Ross and Taner discuss the future of Disney, watch the video above.
- Arts & Entertainment