Forget cord-cutters, this stock wins long term

Investing


In his decades of investing, CNBC’s Jim Cramer has never liked the month of September. But this one turned out to be different.

The “Mad Money” host expected waves of hedge fund selling, politically-charged stock declines and negative earnings pre-announcements from companies experiencing a summer slowdown.

But none of those happened. So, with the market’s resilience in mind, Cramer turned to the stocks and events he’ll be watching in the first week of October.

On Sunday, cable customers will discover whether Optimum parent Altice and ESPN parent Disney resolved their programming dispute over Disney’s sports network. If not, Disney is set to black out Altice customers’ access to ESPN.

“Normally I don’t care about these kinds of things, but I believe this might actually crystallize the debate about cord-cutting and the need for certain programming no matter what,” Cramer said.

And Cramer reiterated that he liked Disney’s long-term story.

“I bet [Disney] can overcome the problem of cord-cutting and be able to grow thanks to the tremendous franchises, top-notch programming and amazing theme parks,” Cramer said. “No need to pound the table here right now. However, I think this is a terrific moment to gauge the value of Disney’s programming because we’ll see whether people can live without it.”



Source link

Products You May Like

Articles You May Like

Analyst downgrades big Apple chip supplier due to declining iPhone demand
Hasbro is toymaker most likely to survive post-Toys R Us, analyst says
Child identity theft is a growing and expensive problem
Analyst who nailed Twitter’s sell-off two years ago just upgraded the stock to buy
US companies expect to make deals in Brazil, Mexico

Leave a Reply

Your email address will not be published. Required fields are marked *