Walt Disney (ticker: DIS) stock took quite a round trip in 2020. After dropping some 40% in the first three months of the year, it has more than doubled since—and unexpectedly ended the year with a 25.3% gain. The rapid growth of Disney’s streaming services—and their future potential—far outshined a near-perfect storm for the rest of the company’s businesses during the Covid-19 pandemic. With movie theaters and theme parks closed, sports seasons shortened and delayed, and television and film production disrupted, it’s no surprise that Disney’s revenues tumbled, earnings went negative, and the dividend was shelved in 2020. During the most severe months of global Covid-19 lockdowns in the calendar second quarter, the entertainment conglomerate’s sales were 42% lower than they were a year earlier and its quarterly net loss totaled nearly $5 billion.