Hey there investors, get ready to dive back into the world of Disney! Jim Cramer’s Charitable Trust is making moves, buying 50 shares of DIS at a sweet deal of around $98 each. This purchase will bump up the Trust’s ownership to a 2.63% stake in the portfolio, up from 2.49%. With Disney stocks now below $100, it’s the perfect time to seize this opportunity.
From a technical standpoint, Disney’s stock is hovering around its 200-day moving average, making it a prime buying opportunity. But the real kicker is the valuation – at just 18 times fiscal 2025 earnings, this stock is a steal. Plus, with Disney set to report its fiscal 2024 third-quarter earnings soon, the timing couldn’t be better.
Not convinced yet? Well, how about this – Disney’s upcoming movie releases are set to be blockbusters. From “Moana 2” to the Lion King prequel “Mufasa,” the studio has a lineup that’s sure to bring in the big bucks. And let’s not forget the parks and experiences segment, which is expected to see a rebound in growth. With new cruise ship launches on the horizon, the future looks bright for Disney.
Sure, the direct-to-consumer streaming segment might see some losses in the short term, but with a plan in place to reach profitability this fiscal year, Disney is on the up and up. So, with all these factors in play, we’re giving Disney our top buy-equivalent 1-rating.
And hey, if you’re a subscriber to the CNBC Investing Club with Jim Cramer, you’ll get all the insider info before Jim makes a trade. So, get ready to ride the Disney wave to success – don’t miss out on this magical opportunity!
