CNBC’s Jim Cramer on Thursday updated his ranking of major media stocks.
CNBC's Jim Cramer on Thursday updated his ranking of major media stocks, putting Fox at the top of the list, followed closely by Disney."The proxy fight at Disney came to an end yesterday, with Disney fending off legendary activist investor Nelson Peltz's bid for two board seats. There's also a lot of activity with Paramount, which has been engaged in complex takeover talks for weeks now," he said.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyFox: Cramer called Fox a"good, solid choice" because its stock hasn't run too much and its latest quarter was"surprisingly resilient." He also noted the company will likely do well during an election year.
Disney: The media giant's stock has roared recently, in large part due to its proxy fight, Cramer said. But he questioned whether the boardParamount: Cramer said Paramount was an"enigma." He noted that it has a poor balance sheet, but David Ellison's Skydance Media could be in talks to acquire the company, Reuters
Warner Bros. Discovery: Like Paramount, Warner Bros.' doesn't have a good balance sheet, Cramer said, with its most recent quarterJim Cramer says the AI buzz is far from a bubble — the game has yet to startsolar eclipse
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