Tuesday, November 28, 2023
Homepower lunchPower Play: Leaders in entertainment

Power Play: Leaders in entertainment

The bull market turns seven years old on Wednesday, with the Dow up 160 percent during this rally.

Despite this move, Gerber Kawasaki President and CEO Ross Gerber tells CNBC's "Power Lunch" the market can still move higher from these levels.

"We are very positive on the post-election market, 2017. This is a positioning year and there are some great opportunities," Gerber said.

Read More 'Zootopia' dethrones 'Frozen' during opening weekend

He sees value in two entertainment companies, Disney and IMAX.

"Disney is doing everything right and the Chinese park will sell out in hours at the end of the month. More movie success with Zootopia. IMAX is killing it in China and demand for a premium movie experience is at a high," Gerber said.

IMAX is higher during trading, while Disney is lower.



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