'Ultimately, we expect software to again prove deserving of a market premium, driving an eventual rebound,' Wells Fargo said.

'Software business models are far more insulated from severe economic shocks than past downturns,' Goldman said.

The Dow Jones Transportation Average has jumped 8.5% in the past month, compared with a 5.3% gain for the S&P 500.

With the Russian invasion of Ukraine, inflation is going to get even worse.

"Bob is the right leader at the right time for The Walt Disney Company, and the board has full confidence in him and his leadership team,' said Disney chair Sue Arnold.

"After thorough consideration, the Board determined that it was time for a change in leadership," said independent director Harriet Edelman.

"I've learned firsthand that it is indeed fun to do the impossible," said co-founder Ben Silbermann. "And with Bill as our CEO, I know that the fun is just getting started."