The Disney stock price in 2017 is up a solid 8.4%. That easily beats the Dow Jones Industrial Average's gain of 5.9% over the same period.
And Walt Disney Co. (NYSE: DIS) stock is up another 0.8% to $112.63 today (Monday, March 20) after the company's highly anticipated remake of "Beauty and the Beast" smashed box-office records this past weekend. Its $170 million in North American sales makes it the biggest March opening ever and the seventh-biggest opening weekend ever.
Despite the film's success, Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business to discuss the one lingering fault preventing him from recommending DIS stock.
"It's an albatross around their neck and until that gets cleared up, I don't want 'Beauty and the Beast' or any of the other things out there," Fitz-Gerald said.
Here's the biggest problem for the Disney stock price in 2017...