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Recently, CNBC’s Jim Cramer updated his ranking of major media stocks, with Fox taking the top spot, followed closely by Disney. This shift in rankings was prompted by recent industry developments, including the end of a proxy fight at Disney and ongoing takeover talks at Paramount.
According to Cramer, Fox is a solid choice with a resilient stock and potential growth during an election year. Disney, on the other hand, has seen a surge in its stock price due to a proxy fight victory, but questions remain about the company’s future direction. Paramount and Warner Bros. Discovery face challenges with their balance sheets and market performance, making them more uncertain investments.
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Disclaimer: The CNBC Investing Club Charitable Trust holds shares of Disney.
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