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Author: Alan LittleDate: 2022-01-10

Disney (DIS) and Papa John’s (PZZA) on Credit Suisse’s top stocks list

Credit Suisse expects Disney+ subscriber growth to “reaccelerate” in fiscal Q1 after naming Disney (DIS) on its top stocks list for January.

Disney (DIS), Microsoft (MSFT), UPS (UPS) and Papa John’s (PZZA) have all been named on Credit Suisse’s list of top stocks for January.

Released on Friday, the bank’s list was compiled based on recommendations from each of its equity analysts, with the latest picks highlighting some of the stocks that investors should keep an eye on as the new year gets underway.

Some of the selections are not surprising, such as Amazon (AMZN) and Microsoft (MSFT), with both currently excelling in their respective industries and offering excellent value for shareholders.

Disney’s inclusion is more interesting as the entertainment and media conglomerate’s shares have slumped 10% during the last three months following its lacklustre Q4 report.

Back in November, Disney said that its streaming service Disney+ only managed to bring in 2.1 million new subscribers, which was some way short of the +9.4 million figure that Wall Street had forecast.

However, things are looking up for Disney+ according to analyst Doug Mitchelson, who expects net subscriber additions to “reaccelerate” in fiscal Q1.

While there are also concerns about the recovery for Disney’s theme parks, Mitchelson said that this has already been “priced in” to stock value.

When combined with “stable” linear trends, DIS could be an option for investors looking to buy into the market this month.

The expansion of Disney+ into new markets across Europe should also be a boost during the remainder of 2022.

That viewpoint is shared by Morningstar analyst Neil Macker, who believes that “robust long-term growth” is on the cards for the streaming service despite its recent setback.

There was a modest rally for Disney in New York on Friday as shares closed up 0.59% at $157.83.

Other stocks on Credit Suisse’s list include Discovery Financial Services (DFS), BioMarin Pharmaceutical (BMRN) and Marvell Technology (MRVL).

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