Why Disney is a Good Buy

Here is Jim Cramer’s guidance on owning Disney: What’s going right
There’s a lot going well for Disney, including robust demand at its U.S. theme parks that helped that segment’s operating income exceed Wall Street’s expectations. There’s also the success of “Doctor Strange in the Multiverse of Madness” on the Marvel film’s opening weekend.

“They made $400 million plus [globally] on a movie. They are doing so well,” Cramer said. “People decided Disney wasn’t any good, and they seized on McCarthy who, frankly, is like maybe one of the great CFOs and she says it’s ridiculous — ridiculous — that people think she guided [subscribers] down.”

McCarthy confirmed that Disney still expects Disney+ subscriber additions to be stronger in the second half of the year than the first of the year. But because first-half growth exceed expectations, the CFO explained, that second-half growth may not look as strong, relatively speaking, compared to Q1 and Q2 combined.


And meanwhile Disney is back up to $107.39/sh.