Jim Cramer on Walt Disney: "We Like That Entertainment"

The Walt Disney Company (NYSE:DIS) is one of the 17 stocks that Jim Cramer commented on. The Mad Money host showed a bullish sentiment toward The Walt Disney Company (NYSE:DIS) during the episode as he said, “Walt Disney, sneaking up through the 113 level. We like that entertainment.”

Walt Disney (NYSE:DIS) creates and distributes film, TV, and streaming content, manages sports media platforms, and provides consumer experiences through theme parks, resorts, and merchandise. The company also licenses its intellectual property across several media, products, and entertainment services. Here is what Cramer had to say about the company in May:

“Look, these things occur every day around here. Think about what happened to the stock of Disney in the last few months… A month ago, it was at $82…. People were buzzing about how the theme parks are too expensive. The sports entertainment’s too expensive. The movies are either too woke or not woke enough, depending on who you ask. You never heard anyone say, did it got the right amount? Now, one month later, Disney’s at $112 pretty much in a straight line.

The company reported a terrific quarter. Turns out people are willing to pay top dollar for the theme parks. The sports deals are making plenty of money. And I guess the movies, well, let’s say they hit the Goldilocks level, not too much, not too little. Same company, just written off by the pessimists, the ones who gave up on all that excellent expertise and intellectual property, think of the money that they didn’t make.”

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