NEW YORK (TheStreet) -- Shares of Disney (DIS) were climbing in early morning trading on Thursday after Bernstein analyst Todd Juenger said Bernstein is "surprisingly" open to Disney acquiring Netflix (NFLX) .
"I read the piece. I thought it would have been more important if [Disney CEO] Bob Iger had said he'd be open-minded," quipped TheStreet's Jim Cramer on CNBC's "Squawk on the Street" Thursday morning.
Cramer noted that even with "a lot of good news" surrounding Netflix, the stock has stalled. "Maybe today it catches a bid," he suggested.
Cramer said that this type of analyst note plays a part in readying Disney shareholders for a potential deal. But Cramer said he is not sure that Netflix is a must-have for Disney.
"I felt that Disney had a good quarter and that they necessarily didn't need to do anything. They have some great openings coming up. They have a great movie slate," Cramer stated.
A new Star Wars movie, a second Guardians of the Galaxy movie and a new installment of the Fast and Furious franchise headline the Disney 2017 box office.
"I talked to owners of movie theaters, and they think Disney could drive 2017, so I'm surprised that [Iger] has to do something," Cramer said.
Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B.
Disney's strengths such as its growth in earnings per share, revenue growth, notable return on equity, expanding profit margins and good cash flow from operations outweigh the fact that the company has had lackluster performance in the stock itself.
You can view the full analysis from the report here: DIS
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.