When it comes to streaming companies, there are perhaps no bigger giants than Walt Disney (NYSE: DIS) and Netflix (NASDAQ: NFLX). Walt Disney has had some bumpy few weeks. The company recently reported fourth-quarter 2022 results that saw it miss analyst expectations, and its streaming operation -- which includes Disney+, Hulu, and ESPN+ -- recorded losses of $1.5 billion, more than twice as much for the same period in 2021.
Price hikes, a major theatrical release, and a franchise comes back as a new series for Disney+ this month.
Recession fears have sent the Nasdaq Composite plunging into a bear market. Losses of that magnitude can rattle even the most experienced investors, but there is a silver lining to that historic bear market: The Nasdaq has recovered from every past downturn, and there is no reason to believe this one is any different. With that in mind, the current situation is a once-in-a-decade buying opportunity for patient investors, and excellent stocks like The Trade Desk (NASDAQ: TTD) and Netflix (NASDAQ: NFLX) are trading at attractive valuations.