Yahoo Finance Video
Disney (DIS) shares are sliding after the company reported mixed second quarter results. Rockland Trust Vice President and Portfolio Manager Anthony Forcione joins Catalysts to discuss how shareholders are reacting to the news and what's in store for the company's future. "At the end of the day, I think the market probably wanted a little more and was a little bit worried about sequential guidance in their theme parks," Forcione says about Disney's dip following its earnings report. Despite the mixed results, he tells Madison Mills, "the longer-term opportunity is still there," pointing to the overall growth of the company's direct-to-consumer segment of its entertainment business. He adds that while Disney's parks and cruise businesses slowed, they still "provide a very, very unique experience to consumers" that should not be overlooked. "I have no concerns over this business over the longer term," Forcione says, explaining that there are "tremendous opportunities for expansion and invigoration in terms of new attractions," on the horizon. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl