1. 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 commonly discussed stocks on Jim Cramer’s morning show. The host believes that the firm’s upcoming quarterly earnings can deliver a positive surprise. He has also remained optimistic about The Walt Disney Company (NYSE:DIS)’s streaming business and the firm’s theme parks. Cramer’s latest remarks about the firm wondered about the recent selling pressure on the stock and praised The Walt Disney Company (NYSE:DIS)’s management:
“Disney was down hideously today. And I found myself saying . . .why are they selling it. So you dig, you dig, you dig, you speak to Hugh Johnson, you get a little back and forth, and then you realize, maybe they’re selling it because it’s wrong to sell.”
“They are looking at a particular line, in this case Disney+. No but Disney+ was, I mean there are many, many lines. And one of the things that’s happened is . . . there might be twelve important lines. One was bad. Disney+ because they decided they had a little bit more churn because they raised numbers. And then people say well wait a second, Netflix doesn’t have churn. And all I can say is, Netflix is a beast. And if you’re gonna go up against Netflix, you’re gonna make a comparison to Netflix, I mean that’s like making a comparison to 27 Yankees. Don’t do it.”
“[when Faber pointed out that Disney+ subs were falling] But at the same time I think Bob Iger would say, how many ships does Netflix have? How are the Netflix theme parks doing? I thought the theme park was supposed to . . hurricanes, everything was supposed to be. . .the gods turned on them. Obviously not the fires, it wasn’t this quarter. And I say, you know what, that’s a good business. Now Netflix doesn’t need it, cause Netflix walks on water. I mean Netflix is incredible. But when I look at what Disney’s doing, I say jeez you know, I thought that theme parks were too expensive. Obviously not.”
“They use Salesforce by the way, and they’re getting a lot more out of an individual customer. By the way, Hugh Johnson, formerly at PepsiCo, he runs a conference call, that says to me, what a pro. These guys are pros. I like that.”
DIS is a stock Jim Cramer recently discussed. While we acknowledge the potential of DIS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than DIS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure. None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
