Jim Cramer Highlighted Buying Opportunities in 13 Stocks

1. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 76

Starting his list of solid buying opportunities in the stock market these days, Cramer mentioned The Walt Disney Company (NYSE:DIS) and said:

“This morning, for instance, Disney reported. It was a terrific quarter, theme parks, much better than expected, movies, fantastic, TV sports, real positive but there was this one line involving Disney’s streaming property. When it raised prices, there were some churn and subscribers dropped by 1%. Oh no, the genius traders said to themselves, Netflix had no churn when it raised prices, so let’s bury this stock. These wise men and women sold Disney down into oblivion, not thinking about two things.

One, Netflix is a beast, the best of the best without compare. And two, Netflix doesn’t have parks or cruise ships or even a fraction of Disney’s intellectual property. I bet that in a few weeks, people will forget why they sold Disney stock down, and the stock, it will be higher.”

The Walt Disney Company (NYSE:DIS) manages a wide range of businesses, including film and TV production, streaming services, and theme park operations. Cramer has been bullish on the stock for some time and in January, he commented:

“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.”

While we acknowledge the potential of The Walt Disney Company (NYSE:DIS) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. 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. This article was originally published at Insider Monkey.