Jim Cramer Likes Carnival Corp And Walt Disney Co

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On CNBC's Mad Money
, Jim Cramer spoke about an amazing turnaround in
Carnival CorpCCL
. He is a buyer of the stock, but he would like it even more on a pullback. Cramer explained that various incidents like Ebola virus scare, Costa Concordia tragedy, Arab Spring and a tragic Japanese Tsunami had a negative impact on the stock price, which bottom in October last year. In less than six months the stock traded 6 months higher, which is an impressive recovery. The company reported a great quarter a week and a half ago, which has established it as a permanent resident on a new high list.
Carnival Corp
has benefited the most from a decline in crude oil, but Cramer thinks that a recovery in Caribbean and Chinese market has also played a crucial part. Cramer also likes
Walt Disney CoDIS
. He thinks that it would be a good idea to buy the stock and hold it for five years.
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Posted In: CNBCMediaJim CramerMad Money
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