On CNBC's "Fast Money Halftime Report," Jim Lebenthal said there's more room for Walt Disney's DIS theme parks and studios to re-open and each of those should be positive for the stock. He expects Disney to trade in the mid-$130s in short order.
Lebenthal also commented on ViacomCBS Corporation VIAC, which like Disney was initiated as a Buy at Goldman Sachs. He said ViacomCBS is really undervalued on the basis of its streaming business.
Shannon Saccocia said Netflix Inc NFLX is saving money right now because it can't produce new content, so therefore all the concerns we heard at this time last year about the amount of money that Netflix is going to have to pay to continue to build its library are going to come back.
She thinks the international business is going to be important because it's an easy way to monetize existing content. Saccocia sees the stock as a little pricey right now, but she thinks it could continue to appreciate through the earnings call.
Related Links:
Pretty Chill: Netflix Stock Hits All-Time High As Subscribers Hit Multi-Year High
Why Goldman Sachs Is Bullish On Disney And CBS, But Bearish On Fox And AMC
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