7 Stocks on Jim Cramer’s Radar

2. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 76

Cramer called The Walt Disney Company (NYSE:DIS) “remarkable”  and while he acknowledged the impact of the LA fires, he posited that the stock will not stay down for long.

“Disney, I turned to Jeff Marks today, it was at $106, I said, when should we buy back that stock that we sold much higher? I think you got a great price today. I think Disney is a remarkable company and people are selling it because of the fires in Los Angeles. I feel horrible about what’s happening in Los Angeles, but I do not think the franchise of Disney is gonna be down for long very much.”

Disney (NYSE:DIS) is a significant player in the global entertainment industry, with activities that include film and TV production, streaming services, and the operation of theme parks. Cramer has been recommending DIS for a while now and in 2024, he commented:

“It’s come down quite a bit. It sells at 18 times earnings. It’s down today because of I think the storms, but you know what? Disney is doing much better than people realize. And it’s about time, people started giving a little more respect. I’m a buyer of it. The analysts are dumping all over it. They’re dumping all over it now. I say buy more Disney.”