Shares of Walt Disney (NYSE: DIS) took flight Thursday morning, jumping as much as 11.8%. As of 11:59 a.m. ET, the stock was still up 6.7%. The catalyst that sent the media company higher was its quarterly financial results,

DIS' competitive pressure and high valuation warrant investor caution for the fourth quarter of fiscal 2024, despite iconic brand strength and impressive media assets.

Checking in on Walt Disney (DIS) stock before the entertainment giant reports fiscal fourth-quarter earnings results

Disney is silencing the skeptics after a rough couple of years. Investors won't have to wait for three years to see the media stock thrive. It has two major movies coming out this quarter -- Moana 2 and Mufasa: The Lion King -- that could rival this summer's one-two punch at the box office.

Disney (DIS) stock popped after the company announced an earnings beat and a promising outlook. CFO Hugh Johnston told Yahoo Finance, "The magic is back at Disney." Senior Reporte