Jim Cramer looks at what Disney CEO Bob Iger is doing well and what he needs to work on post-Peltz

Published Tue, Apr 23 202411:40 AM EDT

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. The S & P 500 and the Nasdaq were working on back-to-back strong gains following a six-session losing streak that ended Monday. Bond yields flipping negative Tuesday after multimonth lows in April manufacturing activity also lent support to stocks. It's a big week of Treasury auctions, with 2-year notes for sale Tuesday at 1 p.m. ET. Positive earnings supported stocks, and Club name Danaher knocked it out of the park. Shares of the life sciences and diagnostics company jumped 6.5% on the news. Jim Cramer said Tuesday that Danaher could rally Wednesday, too, as bears on the stock jump in. Members check your email inboxes and texts for our in-depth Danaher earnings commentary coming out in a couple of hours. Wells Fargo raised its Disney price target to $141 per share from $128. The analysts said in a note late Monday that Disney CEO Bob Iger and management can focus on execution now that the Nelson Peltz fight for board seats is over. Parks are doing well, they said, adding that streaming should see upside from the company's efforts to stop password sharing. Jim said a password-sharing crackdown worked for Netflix . However, Jim did say Disney needs a box office hit, and he believes the stock would have been higher — around $125 per share — had Peltz gotten on the board. It rose more than 1% on Tuesday, to a little over $113 per share. (Jim Cramer's Charitable Trust is long DHR, DIS. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.