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Is Disney a Must Own Stock?

As Disney gets set to report earnings tonight and on the heels of a blockbuster weekend for Disney's "Captain America: Civil War" the Halftime Report experts debated whether the mouse house is now a must own stock.

The stellar performance of "Captain America" is just the latest in a string of hits for the company including Zootopia, The Jungle book, Inside Out and Star Wars. Despite the strong box office performance - and a robust pipeline - fears over the decline in ESPN viewers has overshadowed the box office success. The stock is still down 13% since CEO Bob Iger first raised concerns about the ESPN franchise in August of 2015.

Despite the concerns, Josh Brown is bullish on the stock saying "this has the best five year runway going forward of any media company out there...it's my favorite of the media names."

Pete Najarian agrees that it's a buy here believing there has been an overreaction to the cord cutting. He also argues investors are overreacting to the idea of who is going to be taking over when Bob Iger steps down: "This is not a guy who has to step down. He set out a plan. We are still looking years down the line before this is going to occur."

Joe Terranova on the other hand wasn't so convinced it's a screaming buy here: "I don't know where the next $5-$10 in this stock is. There are a lot of issues out there." He believes investors will get a better entry point into the name moving forward: "I think you probably get it at some point in the mid-to-lower 90s again."

Trader disclosure: On May 9th the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Halftime Report" were owned by the "Halftime Report" traders:

Josh Brown: Long AAPL, BABA, CORE, DE, DNKN,GE, LNKD, SAM, SHAK, TWTR, XLE

Jon Najarian: Long CHS, DIS, ECA, NFLX, PEP, PFE, RAX. Long Calls BAX, DHR, FIT, GDX, GRPN, LVS, MDLZ, MSFT, QCOM, XOM, YHOO, YNDXLong Puts BHI, NKE, NOV

Pete Najarian: Long AAPL, BAC, BMY, CSCO, DIS,DISCA, GE, KMI, KMI.A, KO, LUX, MRK, PEP, PFE, SAVE, VIAB, ZIOP Long Calls: AAL, AGN, AKS, AMJ, COP, EGO, EWZ, HAIN, HBAN, JD, KATE, KBH, KMI, LLY, MSFT,MT, NLNK, SLV, SPG, TCK, UAL, YHOO Long Puts: FCX, NOV, PBR, VLO

Joe Terranova: Long AMG, DPZ, FB, VIRT, VRTS, XLE JUNE PUTS