Monday, June 20, 2016
Disney May Be A Great Long Term Buy, For Now Stuck In Trading Range - TheStreet
Published on 20 Jun 2016Disney's latest Pixar film 'Finding Dory' was a hit in its debut weekend as expected but TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer says 'it won't be enough to move the needle.' It's driven by the 'skinny bundle' or pared down cable package and ESPN. There will continue to be an ongoing tug-o'-war between the belief that Disney's hit films will be enough to overshadow a decline in ESPN viewers impacted by the skinny bundle. Cramer says Disney is a great long term buy though it's stuck in a trading range between $93 and $100.