With Disney+ growth showing signs of slowing, and a new COVID variant threatening to bring back restrictions at major parks, the house of mouse just cannot catch a break. Although a stealth outbreak is the last thing the economy needs as the U.S. Federal Reserve begins to tighten further in its fight against inflation, I don't think Disney's other parks will suffer the same fate as that of Shanghai Disneyland. Bottom Line on Disney Stock With COVID surging again in time for spring, it appears that the reopening trade is off the table.