Business

Jim Cramer says he likes these 3 travel stocks

In this article

CNBC’s Jim Cramer on Friday recommended three stocks investors should add to their portfolios to take advantage of hot travel demand.

Here are his picks:

Cramer named travel as one of five recession-resistant market leaders that are emerging, while tech stocks have been hammered during earnings season. 

Part of the reason tech companies have suffered recently is because the economy isn’t in “lockdown mode” due to Covid anymore, according to Cramer. 

He highlighted Amazon’s most recent quarterly results as an example. The company missed Wall Street expectations on third-quarter earnings and issued a soft fourth-quarter sales forecast on Thursday. 

“People aren’t shifting from online to in-person shopping,” he explained. “They’re going places. They’re doing things.”

Work-from-home plays are also unlikely to work in the current market, Cramer added. He warned that auto stocks are another potential casualty of the changing economy, since they’re still dealing with supply constraints from the height of the pandemic.

“That must change, or the stocks will languish,” he said.

Disclaimer: Cramer’s Charitable Trust owns shares of Disney.

Jim Cramer’s Guide to Investing

Click here to download Jim Cramer’s Guide to Investing at no cost to help you build long-term wealth and invest smarter.

Sign up now for the CNBC Investing Club to follow Jim Cramer’s every move in the market.

Disclaimer

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer’s world? Hit him up!
Mad Money TwitterJim Cramer TwitterFacebookInstagram

Questions, comments, suggestions for the “Mad Money” website? madcap@cnbc.com

Products You May Like

Articles You May Like

Consumers may soon get access to a share of $8.8 billion in Inflation Reduction Act home energy rebates
Procter & Gamble sales disappoint as price hikes slow down
Here are some tips for homebuyers to save on costs with newly built homes, experts say
Biden makes another push for tuition-free community college. Here’s why it may work this time
Most people on weight loss drugs are spending less on restaurants and takeout, survey says

Leave a Reply

Your email address will not be published. Required fields are marked *