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'Fast Money' Recap: Disney Deserves to Go Higher

NEW YORK ( TheStreet) -- Walt Disney (DIS - Get Report) shares were falling in after-hours trading on Tuesday after a revenue miss.

Despite the miss, Guy Adami said on CNBC's "Fast Money" TV show that Disney posted a big EPS beat and was a "screaming buy" if the broader market moves higher.

Karen Finerman said Disney deserves a premier valuation because it's a premier company. Finerman, who owns the stock, said she's impressed with the synergy of the company, which has many different businesses, some of which are functional and some not.

Dan Nathan noted that Disney shares traded well into earnings, down about 1%.

For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."

3 Stocks I Saw on TV

CNBC reporter Julia Boorstin, who was on the Disney conference call, said the company was making gains at the theme parks after getting rid of discounting and returning to normal pricing. She said Disney also has plans to lauch a new broadcast channel in Japan and continues to repurchase stock. She also said the company reported a mid-teen percent gain in scatter pricing in advertising.

Tony Wible, an analyst with Janney Montgomery Scott, said he is neutral on the stock, with a price target of $40. He said the company was plagued by inconsistent results from its studio operations and uncertainty on the ad revenue side. He said he liked Tim Warner Cable (TWC - Get Report) better.

Melissa Lee, the moderator of the show, noted that Apple (AAPL - Get Report) surged to another record high today at $469.75 as scattered reports surfaced today on details of its iTV.

One blog noted that the iTV would include a 42-inch screen, a camera, and access to Netflix, Youtube and iCloud. Another report from Canada noted that the iTV will be controlled by voice via Siri.

Nathan said investors who are long in Apple should protect themselves by buying puts, which are cheap now.

In the wake of today's $40 billion mining deal between Glencore International (GLEN) and Xstrata, Anthony Young, of Dalhman Rose noted everything is in the mining space is in play except for a handful of big names, includng BHP Billiton (BHP) and Rio Tinto (RIO) .
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SYM TRADE IT LAST %CHG
AAPL $112.34 4.29%
CMI $120.90 0.49%
DIS $101.89 2.39%
RHI $51.37 2.93%
TWC $185.26 1.03%

Markets

Chart of I:DJI
DOW 16,351.38 +293.03 1.82%
S&P 500 1,948.86 +35.01 1.83%
NASDAQ 4,749.9790 +113.8740 2.46%

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