24 C
Dubai
Friday, March 24, 2023
spot_img

Jim Cramer picks his favorite travel, restaurant, live entertainment and fitness stocks

Jim Cramer picks his favorite travel, restaurant, live entertainment and fitness stocks


Jim Cramer explains what's driving travel stocks higher

CNBC’s Jim Cramer on Tuesday offered investors a list of stocks he believes are in line with American spending habits after the Covid pandemic over the past three years.

“The biggest theme is the rise of this ‘life is too short’ mentality. People don’t want to waste time anymore,” he said.

More specifically, investors should focus on travel, dining, live entertainment and gym stocks, Cramer said.

Here are his options:

travel

delta airlines, American airlines and united airlines

  • “Just be careful and stick to those who execute well, which means staying away from Southwest Airlines – they got sick after a major disruption in service over the holidays,” he said.

Marriott International

  • While the stock has been on the rise since late September, it’s still cheap, Cramer said.

Hilton Worldwide

  • “I’ve been working at Hilton Worldwide, and I expect the company to grow revenue 23 percent this year,” he said.

Airbnb

Cramer said he expects Airbnb’s stock price to eventually reflect the company’s “excellent” business.

hertz

  • Cramer said the rental car company’s 2023 earnings forecast was too low.

American Express

  • He said he would buy the stock at current levels.

restaurant

Darden Restaurant

  • Cramer said he likes that the company has higher-end restaurants and has a portfolio that includes Olive Garden, Longhorn Steakhouse and The Capital Grille.

Starbucks

  • In the current era of hybrid work, the coffee maker’s mission is to be where people spend the most time outside of the home and office, he said.

Cisco

  • Buying stakes in food suppliers is another way for the restaurant industry, Cramer said.

live entertainment

Live Nation Entertainment

The company “grew like a weed,” he said.

Wynn Resorts and MGM Resorts

  • “I like them because they have exposure to both the U.S. and China,” Cramer said.

VICI attribute

  • Investors can also choose casino REITs with live entertainment in their portfolios, he said.

bowler

  • Cramer said he likes Bowling Center as a more low-key option for investors.

Gym

fitness planet and Index Fitness

  • “I love Planet Fitness, you know that, but you’ve got my blessing to speculate on Xponential Fitness … it’s a higher risk, higher reward situation,” he said.

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

Jim Cramer picks his favorite travel, restaurant, entertainment and gym stocks

Jim Cramer’s Investing Guide

click here to download Jim Cramer’s Investing Guide Helping you build long-term wealth and invest smarter, for free.



Source link

Related Articles

Empower creators and fans with a powerful Web3 entertainment ecosystem

The entertainment industry is known for its daunting barriers to entry, with a handful of studios and networks dominating the green-lighting process...

26 years later, Jennifer Aniston meets ‘Friends’ child star Mae Whitman

Jennifer Aniston wowed fans with a surprise...

Tom Cruise shuns Will Smith to protect his ‘reputation’ in Hollywood

Tom Cruise has reportedly been keeping his...

BTS Jimin Appears Solo on ‘The Tonight Show With Jimmy Fallon’

BTS member Jimin makes his solo debut...

Eurovision 2023: Finale to be screened in cinemas for the first time

steven mcintoshentertainment reporter11 minutes agoMeanwhile, the European Broadcasting Union (EBU) confirmed that it has chosen TikTok to livestream the match and release exclusive...

Latest Articles