Jim Cramer Highlighted 12 Stocks and Tariff Panic

8. Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Number of Hedge Fund Holders: 64

Discussing the possibility of cable TV offering better value, Cramer pointed out Warner Bros. Discovery, Inc. (NASDAQ:WBD) and said:

“Talk about strange leadership, an outfit called CouponCabin has put out a survey showing that cord cutting may finally be cooling. Now that ignited the stocks of Fox and Warner Brothers Discovery, big win. Big, big winners. The reason? Rising prices for streaming services means that cable TV is a better value. Makes sense and of course, there’s no tariff exposure. See the theme?”

Warner Bros. Discovery (NASDAQ:WBD) is a media and entertainment company. It produces and distributes films, TV shows, and streaming services. The company offers a broad range of content on different platforms. Longleaf Partners Fund stated the following regarding the company in its Q4 2024 investor letter:

“Warner Bros. Discovery, Inc. (NASDAQ:WBD) – Media conglomerate WBD was a detractor in the quarter and the year. We exited our position during the quarter to reallocate capital to opportunities with stronger qualitative and quantitative characteristics. In retrospect, WBD represents an error of commission as noted above. Our original thesis did not fully account for the company’s leverage and growth challenges in its linear TV and studio businesses. Adding insult to injury, the stock price has gone up since our exit, fueled by rumours of a potential linear TV business deal with Comcast. While this development offers some validation of WBD’s strategic assets, it is tempered by significant insider selling following the recent stock price increase. Time will tell if our decision to sell was the right one, but our focus remains on seeking investments that are growing and on offense.”