On CNBC’s “Trading Nation,” Seema Moody discussed Dow Jones components that can catch up, as the stocks were down more than 10% from their 52-week highs, despite the index hitting a record high this week.
Simpler Trading director of options Danielle Shay said she likes Walt Disney Co (NYSE:DIS) despite the stock being beaten down with theaters, theme parks, hotels, and cruises being hit by the pandemic.
Analysis: Was Barclays’ Disney Downgrade A Bad Call?
Shay said she was still a buyer of Disney as the brand was “not going anywhere.” The company’s streaming service Disney+ has been the “shining star” through the pandemic, she added. The stock had a nice pattern on the weekly chart and could reach fresh highs when things get back to normal.
Price Action: Amgen Inc’s (NASDAQ:AMGN) shares are down 24% from their 52-week highs, while Boeing Co’s (NYSE:BA) stock has lost 23%.
Shares of Intel Corp (NASDAQ:INTC) and Caterpillar Inc (NYSE:CAT) are 19% off their 52-week highs, while Disney’s stock is down 16% from its peak.
