Disney Stock Extends Rally as New Avengers Doomsday Trailer Drops

Disney stock closed at $106.85 on Friday, up 1.96% for the day and 11.19% over the past month. Marvel Studios premiered a new Avengers: Doomsday trailer at D23 hours earlier. The rally started well before that footage dropped.

Disney reported a strong fiscal third quarter this month, and the shares have climbed steadily since. What Actually Lifted Disney Stock This Month Earnings built most of this move, not Marvel.

Disney’s latest quarter delivered $25.2 billion in revenue, a 7% annual gain, and $5.6 billion in segment operating income. Adjusted earnings per share hit $2.06, up from $1.61. Parks and cruises carried the load with $3.02 billion in operating income.

Streaming lifted the entertainment unit 64%. Sports slipped 17% as programming costs bit. The wider tape helped too. The S&P 500 notched a record high on soft July inflation data, and megacaps traded near their own peaks.