The Walt Disney Company (NYSE:DIS) is one of the stocks Jim Cramer recently talked about. During the episode, a caller asked if the stock is a buy, sell, or hold. In response, Cramer said:
“I think Disney’s a hold, and I say that because… I think it’s too cheap to give away, but I felt higher prices that I just wanted to say, you know what? This thing could go to $95. Maybe I take a look at it there, but it doesn’t have the earnings. It had a quarter that everyone thought was good, and it was just hated. What happens if it has a not great quarter? I say look out.”
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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. During the November 13 episode, Cramer highlighted the company’s earnings and following market reaction. He commented:
“Over the past few weeks, it looks like the experiential economy ain’t what it used to be… Finally, for one last example, well, you know what we sold today? We sold Disney. And that’s a stock that I, and I’m going to put this in, sadly own for my Charitable Trust. Disney tumbled nearly 8% today in response to the company’s latest quarter, which they reported before the open. As we told investing club members, we think that’s a pretty extreme reaction to what was overall a decent set of numbers. Disney posted a top-line miss and a bottom-line beat with solid guidance for this year ahead.
But this certainly wasn’t a great quarter by any stretch of imagination. And those who think it is… You gotta be a little more circumspect. While most of the weakness was on the media side of things, their domestic experience business also came up short, that’s parks and cruises. For the year ahead, Disney’s fiscal 2026, management said they expect the experiences division to put up operating income growth in the high single digits, but they also said that it would be ‘weighted to the second half of the year.’ So even Disney seems to anticipate a near-term soft spot.”
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Disclosure: None. This article is originally published at Insider Monkey.
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