10 June Watchlist 👀

 

Today we are watching…

1. Disney (#disney)

Bad news for Disney; its theme parks and hotels won’t reopen before health precautions are eased, and travel restrictions are lifted. It’s a big decision for global visitors to visit Disneyland. UBS analyst John Hudulik expects the masses to wait until the parks don’t require mask-usage and are at their most magical. He also estimates that attendance levels will be about a quarter of what they averaged in 2019, and that assumes a sell-out, you just can’t fit as many people in a resort when they’re obligated to stand two meters apart. The parks division is about one-third of Disney sales. This is very much a long-term stock, not short-term!

2. Twitter (#twit)

The pandemic has revealed many things we didn’t know before about people and the world, including how unique is Jack Dorsey, Silicon Valley CEO of Twitter. He’s already promised the end of office life and called for employees to permanently working from home, and now he’s making Juneteenth a permanent company holiday. Juneteenth is June 19th, the day the Emancipation Proclamation was read, and a day celebrated by the African-American population in 47 states. It looks like Twitter is working its way into the ethical investor’s good books.

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