Did you miss last night's "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways:
Since its peak in 2015, the stock of Walt Disney (DIS) - Get Report has been one of the most controversial around, with investors fretting over whether cord-cutting millennials are tuning out of ESPN.
That's why when you see two analysts both upgrade and downgrade the stock at the same time, it's time to jump in and debate both sides of the story, Cramer said.
According to bulls, shares of Disney could see $134 a share based on 2018 estimates for 14% earnings growth. They felt the ESPN worries were already baked into the share price, but the company's 2018 film schedule, which includes two "Star Wars" and one "Avengers" movie, will be spectacular. Then there are Donald Trump's proposed tax cuts, which could bolster earnings even further.
The bear case says it's too early to bet on a 2018 move higher, as Disney's CEO, Bob Iger, will be stepping down and no successor has yet to be named.
Cramer said he agrees that the loss of Iger is worrisome, but he sides with the bulls that shares of Disney, trading at just 16 times earnings, are too cheap to ignore.
Cramer is updating his investment club members about five core stocks: Cisco (CSCO) - Get Report , Apple (AAPL) - Get Report , General Electric, Magellan Midstream (MMP) - Get Report and Dow Chemical (DOW) - Get Report . Don't you want to know what they're saying? Get a free subscription to Action Alerts PLUS.
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At the time of publication, Cramer's Action Alerts PLUS had positions in CSCO, AAPL, MMP and DOW.