The Walt Disney Company (NYSE:DIS) is one of the 15 stocks that Jim Cramer recently talked about. Acknowledging that their investment in the stock did not make them money, a caller inquired if they should sell The Walt Disney Company (NYSE:DIS). In response, Cramer said:
“No, no. I think Disney’s finally getting its feet right. I think that it had some management turnover. They’re getting things, I like a lot of the things that Iger’s doing now… I want you to stay. If anything, I’d like you to buy more…. Remember, we don’t care where a stock came from, we care where it’s going to. I think it’s going higher.”
A packed theater of moviegoers watching a blockbuster film produced by the entertainment company.
Walt Disney (NYSE:DIS) creates and distributes a wide range of entertainment content as it operates streaming platforms, manages themed resorts, and sells consumer products. The company is also using its intellectual property across media, merchandise, and experiences. Additionally, Cramer favored the company stock even a few months ago, as he said in a February episode of Mad Money:
“You need someplace to go, don’t you? I keep hounding you to buy the stock of Disney because it’s doing so well. Yet all people seem to care about is that some weak link in the cable business that I think is gonna pick up this quarter anyway. Theme parks, yes, they are expensive, but it doesn’t seem to stop people from going to them.
We go to a cruise… a Disney cruise or buy the stock of Royal Caribbean, keeps beating the numbers and beating numbers and beating numbers. Again, the cruise lines haven’t been cyclical since Covid.”
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Disclosure: None.