CNBC's Fast Money Pros Like Disney And Nike

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CNBC's Pete Najarian has been a shareholder of Walt Disney Co DIS and like many other long-term bulls, he has been adding to his position over the years.

During Wednesday's "Fast Money Halftime Report" segment, Najarian explained why he hasn't been a seller of the stock, especially at a time when some Wall Street analysts were throwing in the towel.

Najarian argued Disney is a "cash-flowing machine" characterized by its "incredible content" and not the declining subscriber base at its ESPN unit.

"No, it's not all about ESPN," he said. "Even if they are struggling, there are other areas of Disney that are doing extremely well."

Najarian went on to point that Disney generates enough cash flow to not only finance its dividends, but also its stock buyback program. As such, the company remains in "very, very solid shape" and supports the stock moving higher.

Nike's 'Mojo' Is Back

Jim Lebenthal was next to give his take on a stock pick: Nike Inc NKE.

According to Lebenthal, Nike is getting its "mojo" back despite a poor earnings report that consisted of a "low quality" earnings beat and "not great" guidance. However, after falling around 7 percent in one day, he found the stock trading at an attractive level.

"It bounced right off of that bad news, it's got its 'mojo' back," he said. "Nothing hurts it."

See Also:

The Cord-Cutting Trend Is A Myth, New Survey Finds

Nike's North American Future Orders Down 'Shocking' 9%

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Posted In: CNBCFast MoneyMediadisneyESPNFast Money Haltfime ReportPete Najarian
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