Jim Cramer’s 2024 Portfolio: 5 Latest Stock Picks

3. Walt Disney Co (NYSE:DIS)

Number of Hedge Fund Investors: 89

Jim Cramer remains bullish on Walt Disney Co (NYSE:DIS) despite the challenges and tough competition Walt Disney Co (NYSE:DIS) is facing.

Recently, Cramer said about Disney:

“We own the stock for the charitable trust, and stay tuned.”

Madison Sustainable Equity Fund made the following comment about The Walt Disney Company (NYSE:DIS) in its Q3 2023 investor letter:

“During the quarter, we sold our positions in Bristol-Myers Squibb and The Walt Disney Company (NYSE:DIS).  The Walt Disney Company is facing a difficult and uncertain transition in its core media business assets including the ESPN business and other linear media assets. These media assets are cash generative but face secular decline as consumers are cutting their expensive cable subscriptions and moving to alternative streaming options. This has resulted in a decline in operating profits for the media division. The media business has long-term fixed costs related to its sports broadcasting agreement with multiple sports leagues which will further pressure profits during this transition.”