wall street put walt disney dis and microsoft msft under the microscope this week and while the verdicts were mixed were continuing to stick with these club holdings for the long run raymond james resumed coverage on microsoft setting an outperform buy rating with a 300 price target on the cloud stock which represents a 26 upside on its shares based on thursdays market close microsofts stock closed down 194 on friday at 23290 a share in a separate note bank of america lowered revenue and earningspershare estimates for disneys fiscal fourthquarter earnings set to release in november on lower projected disney net adds lower content sales and licensing revenue and theme park closures due to hurricane ian disneys stock closed out friday down 32 at 9433 a share while we acknowledge the macro pressures that disney temporarily faces we still like the underlying fundamentals of the entertainment giant yesterday we even scooped up 25 shares of disney to take advantage of an oversold market in an uncertain economy were sticking with highquality companies with brand recognition and customer loyalty and disney and microsoft definitely fit the bill heres a deeper look at the research what analysts say microsoft analysts at raymond james said microsofts long track record and breadth of product offering position it as a competitor that can take share in the fastgrowing software market despite a slowing economy the investment bank breaks down its thesis on microsoft in three main points microsoft is strongly positioned in public cloud gaming and digital advertising markets the company has the ability to scale due to years of investment the software leader can leverage existing relationships with enterprise software customers and its brand recognition while the report acknowledged that microsoft isnt immune to the consequences of a potential recession the risk has been mitigated because enterprise customers are set to increase spending on information technology it the analysts note in fact the report cites a recent gartner survey that found 43 of chief investment officers plan to increase it spending compared with 17 who intend to decrease it disney analysts at bank of america lowered disneys fourthquarter revenue estimates to 217 billion down from a previous estimate of 222 billion but included a caveat that the banks underlying trends remain solid in a difficult economy the bofa research note highlighted the return of international visitors and increased theme park and cruise ship capacity as tailwinds that could help offset slowing consumer demand on streaming the bank expects domestic subscriber growth on disney to accelerate and believe advertising demand to be robust bofa retains a buy rating on shares of disney but lowered their price objective or an estimate of where the stocks price could be heading to 127 in another research note needman set a hold rating on disney shares while the firm maintained its revenue estimates for the quarter at 212 billion it lowered its operating income estimate by 29 to 19 billion the bank also lowered its operating earningspershare estimate for the fiscal fourth quarter by 45 to 035 a share needman analysts explained they prefer to hold off on disney until they see peak streaming spending and a return on capital from streaming investments the clubs take while consumer demand has slowed we are not changing our investment thesis on disney theme parks are a very profitable part of the company that present a longterm opportunity as the entertainment giant continues to monetize popular franchises like marvel furthermore the upcoming launch of the disney adsupported tier and the companys plans to incorporate espn into its streaming network will likely support revenue growth meanwhile we like microsoft because it has an edge in cloud computing as companies continue to invest in cloud services we think microsofts top line should continue to hold up even as businesses tighten their budgets while the company missed on its top and bottom lines in its fourthquarter earnings  released jul 26 microsofts strong cloud business saw revenue climb by 20 to 209 billion moreover microsoft was able to return 124 billion in cash to shareholders a 19 increase yearonyear we dont own the tech giant for its dividend but we see its ability to deliver cash to shareholders as a testament to its overall business strength jim cramers charitable trust is long msft 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 trusts 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 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