Cramer: Pixar’s 'Dory' Not Enough to Move The Needle
Disney's latest Pixar film 'Finding Dory' was a hit in its debut weekend as expected but Jim Cramer says 'it won't be enough to move the needle.'
Disney's (DIS) - Get Report latest Pixar film 'Finding Dory' was a hit in its debut this past weekend but TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer says 'it won't be enough to move the needle. In terms of Disney's stock, ' it's driven by the 'skinny bundle' or pared down cable package and ESPN,' said Cramer. He added there will continue to be an ongoing tug-of-war between the belief that Disney's hit films will be enough to overshadow a decline in ESPN viewers impacted by the skinny bundle. Cramer says Disney is a great long term buy though it's stuck in a trading range between $93 and $100.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
