Jim Cramer Discusses 17 Stocks And Blasts Zero Day Options

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3. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders In Q3 2024: 76

The Walt Disney Company (NYSE:DIS) is one of the most iconic media and entertainment companies in the world. Throughout the year, the firm has struggled with the headwinds impacting the broader media industry. These headwinds include dropping asset values of legacy media assets and struggles in the online streaming market due to Netflix’s dominant position. For The Walt Disney Company (NYSE:DIS), this saw a 22% operating income drop in Q1 which came due to an 8% revenue drop. However, the firm appears to be turning things around successfully. During Q3, its streaming division delivered a profit ($47 million) for the first time. Cramer is also optimistic about The Walt Disney Company (NYSE:DIS) as he mentioned Morgan Stanley’s Benjamin Swinburne naming the stock as his firm’s 2025 top entertainment pick:

“Watch for Disney. Disney is getting big in the cruise line business. And when they get to twelve ships it will begin to impact their bottom line. I think Disney’s come down enough here that you should be a buyer aggressively. $111, it’s pulled back nicely from its high and it’s a great buy. Because they’ve got great film schedule.

“That Swinburne piece was ignored because the market was very bad that day. I felt bad, he did a lot of work on that. I think he probably went home and said, you know what I did so much work and no one cared.”

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