I'm Jim Kramer and you're about to hear a sample taken directly from today's CBC Investing Club

morning meeting.

We're now done with earnings.

I want to call it a consolidation day and another, let's say, challenge to people that interest

rates are only going to go down.

They're not.

Interest rates can go up and this is a day that is one of those days where you just say,

okay, let's pick among what we want to buy. And I come back and say, in your excellent write-up, even Disney up three, now we've got to know, as you said to me earlier this morning, Disney tends to go open up and then go down through the day. So you don't want to buy it now. We've seen it too many times.

But this is actually

higher than the open,

so it's a good sign

of some strength name.

But why don't want to buy it now we've seen it too many times but this this is actually

higher than the open so it's a good sign of some of strengthening why don't you go through

disney one for one because i think it's just such a great ride up you did last night maybe

thank you yeah i mean look there were a lot of good things here of course uh they increased

their cost reduction plan to seven and a half billion from five and a half billion very

good to see uh Some of that is cash

content savings, but also SG&A and other expenses. Most importantly, the free cash flow

guidance are calling for $8 billion in fiscal year 24. That's well above estimates. Up from $4.9

billion this past fiscal year, $14 billion operating cash flow.

It hasn't been that high since 2018. And if we were to expand this chart, I mean, Disney was a $110

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