Jim Cramer on Walt Disney: “I Think It’s a Microcosm of the Higher-End Travel Markets”

The Walt Disney Company (NYSE:DIS) was among the stocks on Jim Cramer’s radar on Mad Money as he discussed the upcoming earnings. Cramer expects a good number from the company, as he remarked:

On Wednesday, Disney reports. Alright, and I think it’s a microcosm of the higher-end travel markets… The consumer’s holding strong, and the number could be a good one. Hey, maybe a fresh start for new CEO Josh D’Amaro. Represents the institution well.

The Walt Disney Company (NYSE:DIS) creates and distributes film, television, and streaming content under brands like Disney, Pixar, Marvel, and ABC. The company also operates theme parks, resorts, live entertainment, and merchandise licensing. Cramer mentioned the stock during the Squawk on the Street episode aired on April 1 and said:

Yeah I thought that the Disney was like, take a rain check, but after the rain check it will be good. Disney is not an expensive stock anymore, it sells below 15 times. I feel it also trades with gasoline, so strange as that is.

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