Market Overview

Cramer Shares His Thoughts On Carnival And American Airlines


Jim Cramer has two stocks in the transportation and leisure group on his radar: Carnival Corp (NYSE: CCL) and American Airlines Group Inc (NASDAQ: AAL).

Carnival: Another 'Unbelievably Good' Quarter

Carnival Corp reported ahead of Thursday's market open another "unbelievably good" quarter yet investors are "yawning" at the report, Cramer said.

Carnival not only reported a top-and-bottom line beat, but perhaps more encouraging, bookings for the coming quarter remain incredibly strong, Cramer noted. In addition, low oil prices is a "huge" benefit for the company which makes the stock even more attractive and should be a consideration on any dip.

Carnival's stock fits in with Cramer's "selfie generation" theme in which customers take cruises partly to post selfies of themselves on social media platforms.

American Airlines: 'Odd' Development

Qatar Airways wants to acquire a 10 percent stake in American Airlines but this is an "odd" move, Cramer noted.

Doug Parker, American Airlines CEO, is among one of the most outspoken airline executives against unfair business practices from Gulf and Middle East airlines, Cramer explained. In fact, United Arab Eremites' national airline visited the U.S. in February in a trip that could be viewed as a "peace offering." While Eremites airline pledged to support more than one million jobs in the U.S., Qatar hasn't followed suit.

As such, Qatar's interest is in fact "one of the oddest stories" in quite some time.

"This is oil and water," Cramer continued. "They do not mix."

But before jumping to any conclusions, Cramer said he would like to hear from Parker for what the company's CEO has to say about the potential investment.

Related Links:

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Posted-In: Airliners Cruise Cruise Stocks qatar airways Selfie Generation Jim CramerMedia


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