“I’d also get long,” says trader Brian Kelly.
Only trader Dan Nathan is skeptical. “The stock is trading at 12 years highs,” he reminds. “There are better places to put money to work than Disney.”
Looking at the numbers, Disney posted fiscal second quarter earnings of $1.1 billion and a 6 percent increase in revenue to $9.629 billion.
Analysts had expected the company to report earnings excluding items of 55 cents a share on $9.56 billion in revenue, according to a consensus estimate from Thomson Reuters.
In case you’re wondering, these results do not include results from Disney's blockbuster superhero movie "The Avengers," which set an industry record on May 6 by grossing $207.4 million in ticket sales over its first weekend.
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Trader disclosure: On May 8, 2012 , the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Karen Finerman is long AAPL; Karen Finerman is short AAPL; Karen Finerman is long BAC; Karen Finerman is long JPM; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long RIMM; Karen Finerman is long HPQ; Karen Finerman is long AVP; Karen Finerman is short SPY; Karen Finerman is short IWM; Karen Finerman is short MDX; Brian Kelly is long WFC; Brian Kelly is long T; Brian Kelly is long VZ; Brian Kelly is long ADM; Brian Kelly is long USG; Brian Kelly is short KRONE; Brian Kelly is short FTSE 100 Futures; Dan Nathan is long jan 450 puts AAPL; Dan Nathan is long BAC MAY 7 PUTS; Dan Nathan is long C JULY 32/27 PUT SPREADS; Dan Nathan is long MS MAY 16/15/12 PUT FLY; Dan Nathan is long IBM JULY 200/185 PUT SPREADS; Dan Nathan is long RIM JAN 20/25 CALL SPREAD; Stephen Weiss is short MT; Stephen Weiss is short CMI; Stephen Weiss is short JCP; Stephen Weiss is short NFLX; Stephen Weiss is long AIG; Stephen Weiss is long JPM; Stephen Weiss is long QCOM
For Anthony Scaramucci
Nothing to Disclose
For John Brynjolfsson
Nothing to Disclose
For Barton Crockett
Lazard Capital Markets LLC makes a market in DIS
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