'Fast Money' Recap: Disney Deserves to Go Higher

NEW YORK ( TheStreet) -- Walt Disney ( DIS) 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) better.

Melissa Lee, the moderator of the show, noted that Apple ( AAPL) 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) .

He said the takeover candiates included Cliffs Natural Resources ( CLF) and Freeport McMoRan ( FCX).

Asked about the high price Freeport would command, Young said he could envision a scenario where there would be separate bids for Freeport's riskier and safer assets.

Commenting on the ongoing dispute between Walgreen ( WAG) and Express Scripts, Deborah Weinswig, a retail analyst for Citigroup, said CVS Caremark ( CVS) stands to gain. He said the dispute will give CVS to step up its service levels and "pour on sunshine on customer service."

Weinswing also said retailers like Target ( TGT) and Walmart ( WMT) stands to benefit.

Lee shifted to the upcoming Caesars Entertainment IPO, which has been priced at $9. David Bain, managing director at Sterne Agee, said the IPO represents an attempt to dip into equity market and get a public valuation for future offerings. He said it's not a good deal for investors unless they assume the domestic economy is going to come roaring back.

Bain said Caesar's is being valued at the same level as Wynn Resorts ( WYNN), Las Vegas Sands ( LVS) and MGM Resorts ( MGM) but is saddled with a lot of debt and no exposure to Macao.

Finerman questioned the depressed pricing level of the stock and how it is being set up to allow shareholders to divest their shares.

Lee brought in Wall Street Journal reporter Greg Zuckerman to talk about the California State Teachers' Retirement System $500 million infrastructure bet. He said CALSTRS is teaming with an Australian firm called Industry Funds Management in an investment in the IFM's Glolbal Infrastructure Fund.

According Zuckerman, the wager is considered one of the largest one-time investments in infrastructure assets like utilities, roads and ports.

He said CALSTRS could be looking to be making its own direct investments in infrastructure assets of state and local governments that are in financial trouble.

In the final trades, Seymour said he would be a seller of the mining names. Adami liked Robert Half ( RHI). Finerman said she would take some money off the table in Cummins ( CMI). Nathan said he would take some money off Apple and buy some cheap downside puts.

-- Written by David Tong in San Francisco.

>To contact the writer of this article, click here: David Tong.

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