The start of December is testing this Teflon stock market. Wall Street’s open is looking rough for Tuesday after U.S. President Donald Trump said a China trade deal might have to wait until after the 2020 election. That came after the worst day for stocks in eight weeks.
We best just move on, to the call of the day, from Ross Gerber, president and chief executive of Gerber Kawasaki. Gerber told this column in March that Disney DIS, -0.63% would dominate over Netflix NFLX, -1.48% with its new streaming app. Up 37% for the year to date, the entertainment giant has been one of the best S&P 500 performers this year, making his call a smart one.
And for 2020, he’s sticking to that. “I think Disney upside could be another 20% to 25% from here. That’s still our biggest bet by far,” he told MarketWatch.
