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Jim Cramer's 'Off the Charts': Media Stocks Have Room to Run

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Media stocks were in the spotlight during Tuesday's "Off the Charts" segment on Jim Cramer's Mad Money program. Media stocks as a whole have risen 13% on average since the market bottomed in mid-February, but the good times can't continue for forever, can they?

Like many things involving the stock market, the answer is complicated. So Cramer brought in Bob Lang, founder of ExplosiveOptions.net as well as being the technical star in the three-man team behind TheStreet.com's Trifecta Stocks newsletter, to identify the media stocks that will continue to rally.

"Let's start with Disney (DIS - Get Report) , which helped precipitate the big decline in this group last August, when they reported a pretty good quarter with one piece of hair on it -- weaker-than-expected ESPN subscriber forecast, and the whole media edifice got pancaked," Cramer said.

The stock went into free fall after reporting a steep decline in ESPN subscribers during the quarter ended in November. It rebounded the next month following the release of the highly anticipated...


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