We know you’re busy on OpenTable Inc (NASDAQ:OPEN) for a last minute party-of-12New Year’s Eve reservation that the Mexican restaurant already quadrupled margarita prices for. Wall Street had a slow Monday, but the Dow Jones Industrial Average rose 26 points for its 51st record high of 2013 — and markets will be closed Wednesday for New Year’s Day while you’re mid-hangover.
1. Disney pops up to all-time highIt didn’t take Tinkerbell to sprinkle some serious magic on this stock. Shares of The Walt Disney Company (NYSE:DIS) popped 2.5% to an all-time high Monday after investment firm Guggenheim upgraded its projections for the stock price in 2014. Well played, Walt.
Why are analysts excited for Mickey? Movies. The Walt Disney Company (NYSE:DIS)’s animated hit, Frozen has enjoyed nearly $500 million in ticket sales worldwide, and the Thor sequel (though it will never be better than The Dark Knight — never) brought in $629 million. Add to that promotional products and rides for each movie, and both flicks are already crushing Wall Street’s expectations. We assume Minnie got a big Christmas gift this year.
The takeaway is that The Walt Disney Company (NYSE:DIS) is already having a year that even Goofy would drink cognac to — the stock is up 51% in 2013, mostly driven by theme-park success. Disney parks are expected to bring in $15.7 billion next year, and a new Disneyland is opening in Shanghai in 2015. Someone get us to Splash Mountain ASAP.
Crocs, Inc. (NASDAQ:CROX) is going Wall Street. The company that became famous for its foam go-anywhere clogs was popular only with weird Tim Tebow types. That business was limited. Now they’re expanding to make clothes and even office shoes. The stock was down 40% in the past 18 months, though. This cash injection from Blackstone will be used to buy back shares to increase the value of each stock out there. They’re losing their CEO, but they’re getting some new big shots on the board of directors.At first, Blackstone’s shares will be like bonds, returning 6% dividends guaranteed every year. But then there’s the kicker — if the stock price rises above $29, they can covert to regular stock shares. Blackstone also gets two board-member seats, since it’s now a 13% owner of Crocs. Blackstone knows how to make paper look sexy … even in Crocs, Inc. (NASDAQ:CROX).
3. Pending-home sales nudge up
According to the National Association of Realtors, the number of home-hungry Americans who inked contracts for houses last month inched up by 0.2%, just short of expectations. These pending-home sales, along with other housing data, have had a pretty stellar year already.
The article Crocs and Disney Rule the Dow’s 51st Record of 2013 originally appeared on Fool.com.
Fool contributors Jack Kramer and Nick Martell have no position in any stocks mentioned. The Motley Fool recommends OpenTable and Walt Disney and owns shares of Crocs and Walt Disney.
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