Disney stock rises as Kimmel monologue racks up social media views

Walt Disney DIS.N shares rising 1.1% after co returns Jimmy Kimmel to late-night television, ending his suspension following controversy over political remarks
Kimmel’s return monologue on Tues night draws nearly 19 mln views on YouTube and Instagram by early Wed afternoon, but ABC affiliates in major markets did not air show due to ongoing backlash

DIS was also under pressure from Kimmel's fans, some of whom canceled subscriptions to co's streaming services Disney+ and Hulu

Following Kimmel's remarks last week, U.S. Federal Communications Commission Chairman Brendan Carr threatened an investigation of ABC

DIS stock up about 2% YTD, lagging S&P 500 .SPX, which is up 13%
DIS recently traded at 17x expected earnings, well below 5-yr avg forward PE of 27