Today, Michael Hakes - CFA, MBA and Jim Cramer - Mad Money commented about whether JOBY-N, AVT-Q, FICO-N, GOOG-Q, OKTA-Q, DXCM-Q, DRI-N, FDX-N, GIS-N, AZO-N, CART-Q, BC-N, DIS-N, NKE-N, RTX-N, MCD-N, BNS-T, LNR-T, AMZN-Q, ABNB-Q, MA-N, GSK-N, CCO-T, UNP-N, FLTR-L, LLY-N, QCOM-Q, ATZ-T, TMO-N, MS-N, TGT-N are stocks to buy or sell.
The theme parks are doing great, especially in China, but nobody is talking about them. He expects them to be more resilient than the rest of travel and leisure. Does Netflix have a theme park? Disney can afford and has the cash to pay Comcast to buy the rest of Hulu, unlike some investors, and in fact it's one reason he owns Disney. He just added more shares recently. Doesn't believe they will sell ABC; they aren't as desperate as the bears say. Disney is about to play offence.
He's bullish the NFL on YouTube. Big tech like Amazon are getting into live sports because advertisers love it. This NFL/YT deal will be bigger and better than those other sports deals and will be a game-changer for GOOG and yet few notice. GOOG shares are up 56% this year, because digital ads are holding up and Google is basically an ad platform. A revenues grew 3.3% in the last quarter over the previous quarter and beat estimates. Search and YouTube ads both did well. The market is slowly waking up to YouTube's ad revenue power but also subscriptions which give stability to the boom and bust ad revenue stream.
Current share price very cheap.
Earnings reasonable.
Attractive given valuation at this time.
New CEO has been under pressure to prove results to investors.
~5% dividend relatively safe.
Would buy a small amount at this price.