If you were watching our special CNBC Investing Club event you heard it live about how we want to buy more shares of Disney (DIS) and so after you get this message we are going to add 75 shares of the stock to the Charitable Trust.
The shares were lower as we started the special and we wanted to take action.
We think Disney is way overly hated because of worries about the pandemic and management.
See the video above for a replay of our Disney trade call and reasoning behind the move from our special event just now.
Bottom line: When you have an iconic franchise like Disney and you can buy it 50 points below where it’s been, we say you start buying some.
The CNBC Investing Club is now the official home to my Charitable Trust. It’s the place where you can see every move we make for the portfolio and get my market insight before anyone else. The Charitable Trust and my writings are no longer affiliated with Action Alerts Plus in any way.
As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Typically, Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If the trade alert is sent pre-market, Jim waits 5 minutes after the market opens before executing the trade. If the trade alert is issued with less than 45 minutes in the trading day, Jim executes the trade 5 minutes before the market closes. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. See here for the investing disclaimer.
