Cramer's Morning Take: Disney 8/6/25

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Jim Cramer (0:49)

Hey, it's Cramer and this is my morning take on the market from today's CNBC Investing Club morning meeting. Today, we have a day where we're getting a lot of companies that are reporting and the people who are reporting and taking action on the reports haven't gotten it right. But let me give you the first, the top line here. We are oversold. We had a nice bounce on Monday. We gave up a little bit on Tuesday. Today seems like a day devoted only to the hottest stocks in the universe, and to the Palantirers and to the shop buyers. I interviewed Harley Finkelstein, my old friend up in Canada. What we have to do is try to help people make money by looking at the stocks that are being left behind by this headlong rush to the go-go stocks like a Palantirer. And we own a lot of them, and they are opportunities.

Jeff Marks (1:35)

Yeah, I think that's really been the theme throughout earnings season is that there have been a lot of beaten raises. However, if maybe the full beat isn't passed through to the raise, or maybe it was a little bit below the so-called buy side expectations, the stocks aren't getting rewarded. Now, that doesn't mean the company is doing something wrong. It just means in the short term that the stock just isn't going up. But I think as long as the companies are doing the right things over the long term, finding ways to create value, expand margins, grow revenue, then I think you'll be fine. And I'm looking at Disney this morning, which was a good quarter, a nice beat, 14 cents on EPS. I know the reps missed. It was a very small number. But really good things from DTC with the operating income, inflecting experiences. Everyone was worried about Epic taking share, but still, experience is better than expected. Theme park attendance, flat, but customer spending more, so you got a nice lift there. And they raised the full year guide by 10 cents. I know it's not 14 But still, these are good management here with Hugh Johnson, CFO, Bob Iger, CEO.

Jim Cramer (2:48)

I went back and forth with Hugh Johnson this morning, and we were marveling because they... Look, I worked with Hugh very closely when he was at PepsiCo, and the stock has fallen precipitously since he left. And we would sometimes go over, and he would say, what do you think? I said, oh, jeez, great quarter. He said, yeah, we're thinking great quarter. Well, you know what? That's what's happened here. We both, in the calm of things, when looking at the stock being down, we're like saying, how can people not even... How can people even make a decision until they figure out how great, literally how great the NFL decision, the deal was? So I think this is the kind of thing where you definitely have an opportunity to buy some. And what you would do, and people are new, let's say you want to buy 100 shares, buy 50 right here. And then tomorrow, you'll get a lot of analysts who will raise numbers and say good things. So let's say you buy 50 here and then you buy 50 say at 112 and get a nice position on. That's how you get a good basis. Good basis is often the most important thing you can have when you're investing. Start your day with my out book on the market every morning. Visit cnbc.com/morningtake to become a CNBC Investing Club member at a special rate today.

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