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NEW YORK (TheStreet) -- Disney's (DIS) new Tomorrowland movie may have bombed at the box office over the Memorial Day weekend, but TheStreet's Jim Cramer says that's no reason to avoid the company's stock.

Cramer, who manages the Action Alerts PLUS portfolio, was speaking on CNBC's"Mad Dash" segment before the opening bell Tuesday.

There was nice weather over the weekend, Cramer noted, suggesting that may have kept potential viewers out of the theaters.

"It was so beautiful out," he said. "What, am I supposed to go the movies?"

There was also competition for consumers' attention from hockey's Stanley Cup playoffs and some pro basketball playoff games, Cramer said.

Cramer said Disney's stock wouldn't go down significantly on the Tomorrowland results. Shares of the entertainment company were down 89 cents, or 0.8%, at $109.37 midmorning Tuesday.

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DIS data by YCharts

Cramer also discussed Party City (PRTY) , noting that several Wall Street firms had positive assessments of the stock, although he added that Goldman Sachs had a neutral rating on it.

Analysts at Deutsche Bank initiated their coverage of the party-supply retailer Tuesday with a buy rating.

Shares of Party City were changing hands at $21.89, up 9 cents, or 0.4%, midmorning Tuesday.

Private equity firm Thomas H. Lee Partners took Party City public last month in what Cramer's "Mad Dash" partner, David Faber, described as a "deleveraging" IPO.

At the time of publication, Cramer's Action Alerts PLUS had no positions in stocks mentioned.