Jim Cramer Warns of a 36% Market Drop & Reviews These 9 Key Stocks

5. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund holders: 108

The Walt Disney Company (NYSE:DIS) operates theme parks, media networks, and entertainment studios. Cramer expressed his concerns about consumer spending on high-cost vacations like Disney during a time of broader economic anxiety, but warned investors against selling in a panic. Here’s his view:

“I mean, look, my charitable trust owns Disney. I was looking great. And now I feel like, well, wait a second, if it’s a big family and they have to pay $20,000 for five days, well, they are going to cancel. And the airlines are demonstrable about that. But I don’t I still think when you’re talking to people at home, do they sell Disney at $81? You know what? Right now, Disney could go to $70. I don’t know. But what happens if it goes to $90 two years from now and you sold it at $80 and you never got back in? There is a cost to not being able to get back in.”