Jim Cramer Recently Commented On These 12 Stocks

4. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 108

During the recent episode, Cramer discussed that the investors who dropped The Walt Disney Company (NYSE:DIS) due to various worries ended up not making money.

“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.”

Disney (NYSE:DIS) is a major name in entertainment. The company produces and distributes movies and television content, runs streaming platforms, and operates theme parks and resorts in different parts of the world. It also delivers sports content and organizes live events.