Jim Cramer Discussed These 29 Stocks Ahead Of Major AI Event

8. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders In Q3 2024: 76

The Walt Disney Company (NYSE:DIS) is a global media and entertainment giant. It owns and operates television channels, production houses, and theme parks. Like other mega-media companies, The Walt Disney Company (NYSE:DIS) struggled in 2024 from stiff competition from the streaming industry. As a result, its efforts to navigate the troubled waters are key to the share price performance. The Walt Disney Company (NYSE:DIS)’s prominent CEO Bob Iger is currently leading the charge, and his efforts appear to be yielding results as the firm’s streaming division turned a profit for the first time in Q3. Cramer’s comments surrounded the firm’s recent deal with Fubo:

“Right well I’m not sure exactly at whether that’s a needle mover for Disney, just for Fubo. But I do think that Bob Iger. . . .but one of the things that’s certain is that this stock has done absolutely nothing lately. Even as I think the situation has been improving, and improving, and improving. Movies have been terrific. The cruise not. . . .yet, but will be. I think the theme parks starting to do well. I think Iger would tell you that linear’s no longer hurting the situation.

“I think that Disney is a kind of undiscovered gem because of the way Iger’s positioned it. Hugh Johnston, the CFO has had a handle on it. I think that it’s a very rationalized company.

“I think the parks are going to come back in part because I think that Universal’s gonna open a. . . and I think a lot of people are holding back to be able to catch both. Jessica Reif Cohen had an interesting piece talking about how maybe theme parks will not be asterisks anymore when it comes to Comcast. I think that Orlando is going to have a resurgence but you want to wait for that new park. Why would you go down there ahead of that? I think that’s on people’s minds.”