Carnival Corporation & plc (NYSE:CCL) is one of the stocks that was on Jim Cramer’s radar. Cramer explained why the stock is “exciting to people,” as he said:
“The AI theme lost its luster, didn’t it? Buyers moved on to other, more exciting areas. That consumer’s resurgence out of nowhere, that’s an exciting story. For example, it’s ignited retail, anything connected to discretionary spending, and that’s what drove, say, the stock of Carnival, almost 10 points higher today on greater numbers that it released just this morning. And also by the way, they reinstated the dividend. I’ve always been partial to cruise lines because they’re so inexpensive, and Carnival Corp offers a real bargain. That’s one of the reasons why the stock is exciting to people.”
Photo by Stephanie Klepacki on Unsplash
Carnival Corporation & plc (NYSE:CCL) runs cruise lines and offers vacation trips. The company also manages ports, hotels, lodges, and tours that support its cruise business. During the October 17 episode, a caller asked about the stock, and Cramer stated, “I’m a buyer of Carnival. Let me throw in that I like Royal too.”
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Disclosure: None. This article is originally published at Insider Monkey.
