5 Stocks to Buy in April According to Jim Cramer

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1. The Walt Disney Company (NYSE:DIS

Number of Hedge Fund Holders: 111  

The Walt Disney Company (NYSE:DIS) is a media and entertainment firm. The journalist investor placed the stock among a basket of travel and leisure firms that were expected to give investors growth at a reasonable price in the coming months as the economy reopened. Cramer underlined that these stocks would benefit regardless of the interest rate hike by the Feds. 

On April 4, Loop Capital analyst Alan Gould kept a Buy rating on The Walt Disney Company (NYSE:DIS) stock with a price target of $165, appreciating the performance of the parks business of the firm that had led to an increase in the estimates for operating income. 

At the end of the fourth quarter of 2021, 111 hedge funds in the database of Insider Monkey held stakes worth $6.9 billion in The Walt Disney Company (NYSE:DIS), up from 101 the preceding quarter worth $9.4 billion.

In its Q4 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and The Walt Disney Company (NYSE:DIS) was one of them. Here is what the fund said:

“The communication services sector was a weak spot in both the benchmark and the portfolio in the fourth quarter. The Walt Disney Company (NYSE:DIS) announced lower than expected streaming subscriber growth to the company’s Disney+ offering, attributable primarily to the content release schedule. The Walt Disney Company (NYSE:DIS) has been ramping up content spending given strong global response to Disney+, although production capability was temporarily impacted by COVID-19. We still believe The Walt Disney Company (NYSE:DIS) is on track to reach the subscriber outlook outlined at its December 2020 analyst day, driven by a very robust slate of content releases, particularly in the 2022–2024 time period.”

You can also take a peek at 10 Micro-Cap Stocks to Buy According to Cathie Wood and Top 10 Stocks to Buy According to Charles Pollnow’s Triple Frond Partners.

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