Here’s how much money you’d have if you invested $1,000 in Disney 10 years ago
Disney is bringing back two fan favorites in order to “improve the guest experience” at its Florida parks, the company said.
Starting Jan. 9, 2024, date-based tickets, the Walt Disney World Resort’s standard ticket option, will no longer require guests to make an additional reservation at specific theme parks. Currently, guests undergo a two-step process when buying standard tickets, which involves purchasing admission to the resort on a specific day and making an additional reservation to enter a specific theme park.
However, a theme park reservation may still be required for other admission types, including non-dated tickets, Disney said.
Additionally, beginning Jan. 9, 2024, Disney is bringing back its popular dining plan option for guests who stay at Disney Resort hotels and purchase vacation packages with the company.
“We know our guests — and families in particular — have missed dining plans, which offer guests the convenience and peace of mind of pre-paying for their meals and snacks,” Disney said in its announcement.
This comes as Disney reports its fiscal second-quarter results, which revealed revenue generated by its parks, experiences and products division increased by 17% to $7.7 billion during the quarter. Theme parks accounted for about $5.5 billion of that revenue.
What this means for investors
Disney reported its fiscal second-quarter earnings after the bell on May 10, and ended the trading session down about 1% to close at $101.14 per share. During after hours trading, shares slipped.
For the quarter, Disney reported revenue of $21.82 billion, which slightly beat the $21.78 billion anticipated by analysts, according to Refinitiv. The company also reported adjusted earnings per share of 93 cents, which was in line with analysts’ expectations.
Here’s how much money you’d have as of May 10 if you had invested $1,000 in the company one, five and 10 years ago.
If you had invested $1,000 into Disney a year ago, your investment would be worth about $939 as of May 10, according to CNBC’s calculations.
If you had invested $1,000 into Disney five years ago, your investment would have increased slightly to $1,023 as of May 10, according to CNBC’s calculations.
And if you had put $1,000 into Disney a decade ago, it would have grown to about $1,655 as of May 10, according to CNBC’s calculations.
When it comes to investing, do your due diligence
Remember, the market is unpredictable and there’s no guarantee that high-performing stocks will continue to do well in the future. For most investors, a more hands-off strategy tends to make sense, rather than attempting to select individual stocks.
If you’re interested in beginning your investment journey, a popular place to start is with the S&P 500, which is a market index that tracks the stock performance of about 500 large, publicly listed U.S. companies.
To do this, experts typically recommend investing in an exchange-traded fund (ETF) or a mutual fund that aims to mirror the performance of an index like the S&P 500. This can be a great way to introduce diversity to your portfolio and spread your investment across a wide variety of companies.
As of May 10, the S&P 500 declined by around 3% compared with its value 12 months ago, according to CNBC’s calculations. On the other hand, the index has surged by nearly 52% since 2018 and increased by about 153% since 2013.
Sudburians invited to provide thoughts on city plan to attract investment
Residents are invited to attend one of two virtual open houses to provide feedback on the draft employment lands community improvement plan.
CIPs are a sustainable community planning tool used by municipalities to revitalize areas of a city or community through programs, grants and incentives. Under the Planning Act, CIPs can be undertaken for environmental, social or economic development reasons.
Through its various CIPs, the city has developed a number of financial incentives that are available to any proponent within the CIP area.
The City of Greater Sudbury’s new employment lands CIP will support projects that strengthen and diversify the community’s industrial sectors through increased employment and investment. Eligible projects can receive significant tax increment-based grants to offset the increased taxes driven by higher property values at project completion.
This is the first economic development-driven CIP in the city’s history that is focused on investment attraction and expansion.
The proposed CIP includes a tax increment equivalent grant (TIEG) available to support industrial development. The highlights include:
- Applications are prioritized based on construction value, number of jobs created or retained, location.
- TIEGs range from a three-year, five-year, seven-year or 10-year span.
- The incentive is available for any location within Greater Sudbury.
- Targeted industries include clean tech, life science, and film and television; however, projects from other sectors with potential for economic development and job creation are eligible to apply.
- Applicable projects must have a base construction value of at least $1 million.
The program may be combined with other incentive programs offered by the city or other levels of government.
The first open house takes place on June 13 from 2:30-3:30 p.m. at greatersudbury.ca/employmentcip1. The second public consultation takes place on June 14 from 5-6 p.m. at greatersudbury.ca/employmentcip2.
For more information, including drafts of the proposed CIP, go to overtoyou.greatersudbury.ca.
Is AGNC Investment's Stock a Buy? – The Motley Fool
Times are tough in the mortgage space right now. Rising interest rates led to a collapse in mortgage originations, and mortgage-backed securities have been out of favor among investors for the past 15 months or so. Mortgage real estate investment trusts (mREITs) were beset by declining asset values and have had to cut dividends. These factors explain mREITs’ massive share price underperformance since the Fed started hiking rates last year.
Under these circumstances, is AGNC Investment (AGNC 0.62%) — the best known mortgage REIT — a buy?
Mortgage REITs are different than traditional REITs
Most REITs invest in physical properties like office buildings, malls, or apartment complexes, and then lease out space to tenants. It is an easy-to-understand business model. Mortgage REITs use a different model: Rather than investing in properties, they invest in real estate debt — in other words, mortgages. Instead of collecting rent payments, they collect interest payments. In many ways, they look more like banks or hedge funds than landlords.
AGNC Investment focuses on mortgage-backed securities (MBS) that are guaranteed by the U.S. government, so it has minimal credit risk. If a borrower fails to pay their mortgage, the government ensures that AGNC Investment gets paid on its investment. These securities tend to pay low interest rates because of the government guarantee — low risk equals low returns. This means that mortgage REITs generally must borrow a lot of money to turn a bunch of securities that pay interest rates in the mid-single-digit percentages into dividend yields in the teens.
Mortgage-backed securities are under pressure
Over the past year, mortgage-backed securities have underperformed Treasuries as benchmark interest rates were raised. You can see the effect in the chart below, which looks at the difference between the prevailing mortgage rate and the yield on Treasuries. The higher the line goes, the greater the underperformance (“widening MBS spreads” in trader parlance) and the higher the risk of a dividend cut.
The underperformance of mortgage-backed securities results in the book value per share of mREITs declining, which puts them at risk of needing to cut their dividends. There have been three main drivers of MBS underperformance recently:
- The Fed’s ongoing policy of fiscal tightening.
- The exit of the Fed as a regular buyer of the securities.
- The supply of mortgage-backed securities from banks that saw big regional banks get into trouble because they held MBS that were underwater.
AGNC Investment held onto its portfolio of MBS, so their declines in value will translate into higher returns going forward. On the first-quarter earnings conference call, Chief Executive Officer Peter Frederico said that the expected return on its portfolio was a percentage in the mid-teens, and asserted that the company can support its dividend. That said, AGNC cannot ignore declines in book value per share, so, at some point, it might have to cut the dividend if mortgage-backed security underperformance continues.
The dividend is no sure thing
Investors who look at AGNC Investment now are probably going to be attracted to its dividend, which yields 15.2% (based on its current share price and recent distributions). However, the continuation of payouts at that level is no sure thing. The stock trades at a premium to book value per share. However, with the MBS spread increasing, its book value per share is probably declining. With mortgage REITs, it is important to remember that book value per share is a moving target.
Mortgage-backed securities are the cheapest relative to Treasuries they have been since the mid-1980s. There is no doubt that valuations are attractive. The problem is that the fortunes of AGNC Investment are tied to Federal Reserve policy, and while most strategists believe the central bank is near the end of its rate-hiking period, that is no sure thing either. Investors considering buying AGNC for the dividend should keep all of that in mind.
5 Best Growth Stocks to Invest in Now, According to Analysts – June 2023 – TipRanks
Growth stocks are enjoying huge gains in 2023 so far due to the hype surrounding artificial intelligence and expectations of a slowdown in interest rate hikes. Further, recent economic data reflects slowing inflation and a decrease in the yield on long-term government bonds. Interestingly, this makes for a favorable scenario for growth stocks.
To help investors choose the best growth stocks from the entire universe, TipRanks offers a Stock Screener tool. Using this tool, we have shortlisted five stocks that have received a Strong Buy rating from analysts, and whose price targets reflect an upside potential of more than 20%. Also, they carry an Outperform Smart Score (i.e., 8, 9, or 10) on TipRanks. Lastly, these companies’ revenues have witnessed a strong compound annual growth rate over the past three years.
According to the screener, the following stocks have the potential to grow and are analysts’ favorites.
Sudburians invited to provide thoughts on city plan to attract investment
World Economy Latest: Weak Trade Shows China’s Economy Is Struggling – Bloomberg
Mortgage Transfers Pick Up as a Way to Beat Rising Rates
Silver investment demand jumped 12% in 2019
Iran anticipates renewed protests amid social media shutdown
Search for life on Mars accelerates as new bodies of water found below planet’s surface
Economy15 hours ago
People in China are so worried about the economy they’re asking for divine intervention
Media15 hours ago
How to Grow Your Business With Social Media
News15 hours ago
No Pleasing Everyone
Economy16 hours ago
Are we in a recession right now? What economists have to say
News14 hours ago
Are Canadian wildfires under control? Here’s what to know.
News13 hours ago
Global help arrives as Quebec fights ‘historic’ fires
News19 hours ago
Air Canada issues: Passengers to be compensated
Media19 hours ago
Judge in FTX bankruptcy rejects media challenge, says customer names can remain secret