Jim Cramer Says “Disney’s a Hold”

DIS +1.01%

The Walt Disney Company (NYSE:DIS) is one of the stocks Jim Cramer recently talked about. During the episode, a caller asked if the stock is a buy, sell, or hold. In response, Cramer said:

“I think Disney’s a hold, and I say that because… I think it’s too cheap to give away, but I felt higher prices that I just wanted to say, you know what? This thing could go to $95. Maybe I take a look at it there, but it doesn’t have the earnings. It had a quarter that everyone thought was good, and it was just hated. What happens if it has a not great quarter? I say look out.”

Photo by Adam Nowakowski on Unsplash

The Walt Disney Company (NYSE:DIS) creates and distributes film, television, and streaming content under brands like Disney, Pixar, Marvel, and ABC. The company also operates theme parks, resorts, live entertainment, and merchandise licensing. During the November 13 episode, Cramer highlighted the company’s earnings and following market reaction. He commented:

“Over the past few weeks, it looks like the experiential economy ain’t what it used to be… Finally, for one last example, well, you know what we sold today? We sold Disney. And that’s a stock that I, and I’m going to put this in, sadly own for my Charitable Trust. Disney tumbled nearly 8% today in response to the company’s latest quarter, which they reported before the open. As we told investing club members, we think that’s a pretty extreme reaction to what was overall a decent set of numbers. Disney posted a top-line miss and a bottom-line beat with solid guidance for this year ahead.

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Disclosure: None. This article is originally published at Insider Monkey.