As part of the plan, Amazon has agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian.Technologyread more
The plan will allow Medicare to negotiate lower prices on as many as 250 drugs and apply those discounts to private health plans.Health and Scienceread more
Hedge fund titan Leon Cooperman said he's concerned about a shift to the left in the political landscape, which could harm the economy and the stock market.Delivering Alpharead more
Microsoft has new services that can provide gaming revenue on top of console sales.Technologyread more
Nelson Peltz and David Taylor, once adversaries over the direction of Procter & Gamble, met Thursday as allies taking a victory lap for the company's stunning turnaround.Delivering Alpharead more
More than half of the patients have been younger than 25 and 16% are younger than 18, CDC principal deputy director Anne Schuchat said.Health and Scienceread more
Billionaire investor Leon Cooperman on Thursday said he believes that the Federal Reserve is "screwing the savers."Delivering Alpharead more
President Donald Trump on Thursday filed a lawsuit against Manhattan District Attorney Cyrus Vance Jr. and his longtime accounting firm Mazars.Politicsread more
Trian Partners co-founder and CEO Nelson Peltz explained to CNBC on Thursday the backstory to his firm's position in struggling General Electric.Delivering Alpharead more
Here's a look inside Apple's flagship Fifth Avenue Store, known as the "cube," in New York City. It reopens on Friday and has been closed since 2017 for renovations.Technologyread more
Jim Cramer considers Disney to be the greatest American growth story of all time. It has gone from being a hit-or-miss stock, to the one that portfolio managers demand to have in their funds.
Before Bob Iger took over as the CEO 10 years ago, Disney was a much different story. It would have a good movie once in a while, followed by a weak movie, then strong theme park attendance followed by not so strong numbers.
Iger has now transformed the company, taking its share value to $101 from $15 in just six years. He also added tens of billions in market capitalization on top of that.
How did this CEO manage to transform Disney so quickly?
One word—consistency. In fact, Cramer thinks the consistency is so strong that Disney acts more like a packaged goods company than anything else. Ultimately, the consistency reduced risk for the company in creative ways. An example is when Disney made use of seamless technology that allowed the parks to efficiently handle more guests.
Iger also opportunistically took advantage of franchises to grow value. Cramer compared Disney to a packed goods company like Procter & Gamble. They are similar, except instead of selling grooming supplies and hair products, it sells Mickey, Minnie, Spiderman and the biggest one—"Frozen."
The difference between P&G and Disney? While both companies have built a reputation on franchises, P&G's growth has stalled and Disney keeps on growing. Just take a look at the Star Wars trailer; it has already been watched 123 million times!
"Disney's just got too many irons in the fire not to give it a super high, premium multiple on its earnings. Disney's franchises are too powerful, its parks too well-run, its capitalization of its characters too rigorous to bet that it's going to sputter now," said the "Mad Money" host.
Given the fact that Disney is up $7 in one day, Cramer is not willing to chase the stock at these levels. There is simply too much market volatility at the moment, and he thinks investors will have a better chance in the future.
However, the "Mad Money" host does think this is absolutely a must own stock for your portfolio.
"Remember, between now and next year when China's them park opens, this will be the stock that everyone wants to own," said Cramer.
Read more from Mad Money with Jim Cramer
Cramer Remix: Calling on Walter White
Cramer: Surprising earnings season winners
Kinder CEO looking for mergers, $75 oil
"Consider Disney a collectible; it's not a trade it's a keepsake, it's a gift that keeps giving thanks to the hard work and insight of Bob Iger—one of the most remarkable and unpretentious executives of all time," said Cramer