We recently published Jim Cramer Reveals His Trading Strategy For H2 2025 & Discusses These 16 Stockse. The Walt Disney Company (NYSE:DIS) is one of the stocks Jim Cramer recently discussed.
The Walt Disney Company (NYSE:DIS) is one of the largest media and entertainment companies in the world. Its shares are up by 11% year-to-date primarily on the back of 34% in gains made since early May. The Walt Disney Company (NYSE:DIS)’s shares soared after the firm’s second-quarter earnings delivered the holy grail of metrics, streaming subscribers. The numbers saw the firm report 126 million subscribers which was higher than the 123.35 million that Wall Street had penciled in. In his previous remarks about The Walt Disney Company (NYSE:DIS), Cramer discussed how the firm is caught up in the generational divide between stock market investors. Here are his recent thoughts:
“Why doesn’t Hugh Johnson get any credit [for improving performance], the CFO. Well look, the theme park’s now [inaudible]. What’s really interesting is they’re now starting to talk about the cruise ships in 26′. I would have waited until 27′. But I do think that Disney had a great quarter, I think that Hugh Johnson plays a big role and James Gorman is going to play a big role.
“He [Bob Iger] did bring back stability. Stability is working.”
A packed theater of moviegoers watching a blockbuster film produced by the entertainment company.
As for the generational divide, here’s what Cramer said:
“We pivoted to interviewing Bob Iger, CEO of Disney, who traced out his plans now that the company owns all of Hulu. The stock was around $115 when Iger started talking, and by the end of the interview, at least partly by the day, it was at $118 and change. That’s a tour de force performance, the kind of value added this network proudly provides.
I felt great about it, but I could feel the contempt that many younger investors have for what I think is a very strong kind of journalism where we flesh out what really matters to an iconic big capitalization stock that has everything to do with linear television, ESPN, exciting movies, cruise ships, theme parks… Who doesn’t want to know about that? Well, how about the people who just stopped going to Disney World with their parents, and it’s the last place they would ever be caught dead at?”
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Disclosure: None. This article is originally published at Insider Monkey.
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