Jim Cramer on Walt Disney: “They Will Make a Ton of Money”

The Walt Disney Company (NYSE:DIS) is one of the stocks in Jim Cramer’s game plan for this week. During the episode, Cramer called the company “iconic” and remarked:

“On Wednesday morning, we hear from a couple of iconic companies reporting that I like, Disney and McDonald’s. Now the former has just, well, I gotta tell you, it’s moved up very nicely, but it’s starting to give back some of those gains. I think Disney+ will be good. Old-fashioned TV led by sports gotten a little better. Theme parks continue to hum. Start paying attention to cruises. They will make a ton of money.”

Jim Cramer on Walt Disney: "They Will Make a Ton of Money"

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Walt Disney (NYSE:DIS) creates and distributes film, TV, and streaming content under brands like Disney, Marvel, Pixar, and ESPN. In addition, the company operates theme parks, resorts, cruises, and licensed merchandise businesses. During the July 15 episode, when a caller inquired about the stock, Cramer replied:

“Okay, Disney’s had a real rip-snorting rally from the bottom, but it’s still only up 6.8%. It’s got a good movie slate coming, only sells at 20 times earnings, and the theme parks are doing incredibly well. I think the answer is absolutely. I think it’s a very good long-term holding and I encourage you to buy it right here, right now.”

While we acknowledge the risk and potential of DIS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DIS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.