$Disney (DIS.US)$ Disney now has the ability to monetize its...

$Disney (DIS.US)$ Disney now has the ability to monetize its content without intermediaries. However, for the next few weeks, DIS stock will have to suffer along with all other crowd companies. The income streams from their parks still need the world to stay open. The new omicron version of the Covid-19 virus poses a threat to that progress.

Nevertheless, I still favor more upside from here than downside risk. This dip in DIS stock is viable into its support levels around $140 per share. Logically, investors should give management the benefit of the doubt. This company has gone through many transformations, but the leadership has always been very strong. If the stock markets are higher in the future, then Disney is also in the lead pack.

Statistically, it’s not easy to evaluate the stock based on its traditional metrics. The disruptions from the pandemic were too significant and clouded the ratios. Total revenue still shows progress, which is impressive under these conditions. Net income is now but a sliver of what it used to be. But at least they are back into a positive $2 billion run rate. In 2019, it was five times larger. Therefore, they still have much recovering to do before they go back to normal.