Shortly after the opening bell, we will be selling 150 shares of Disney at roughly $115. Following Wednesday's trade, Jim Cramer's Charitable Trust will own 750 shares, decreasing its weighting to about 2.2% from about 2.7%. We're letting go of some Disney shares ahead of its earnings report on Thursday before the opening bell. We're also downgrading our rating to a 2. We're not making a call on the upcoming results, but we would like to have more wiggle room in the position just in case the stock trades down when the numbers come out. Many analysts, in their previews of the quarter, have written positively about Disney ahead of earnings, despite noise around DTC cancellations stemming from the temporary suspension of "Jimmy Kimmel Live!" On experiences, there's been a lot of chatter about
We're trimming and downgrading this stock ahead of earnings
CNBC4 hrs ago
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