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

EssayServiceProf.com

On Tuesday, CNBC’s Jim Cramer gave investors a list of stocks he thinks fit Americans’ spending habits after navigating the Covid pandemic for the past three years.

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

Specifically, investors should look to travel, dining, live entertainment and gym stocks, according to Cramer.

Here are his choices:

Journey

Delta Airlines, American airlines and United Airlines

  • “Just be careful and stick to those with good execution, which means staying away from South West Airlines – they are sick after a huge service outage over the holidays,” he said.

Marriott International

  • The stock is still cheap despite its run since late September, according to Cramer.

Hilton around the world

  • “I come to Hilton Worldwide, which is expected to see phenomenal 23% earnings growth this year,” he said.

Airbnb

Cramer said he expects Airbnb’s share price to ultimately reflect the company’s “great” business.

Hertz

  • The car rental company’s earnings estimates for 2023 are too low, according to Cramer.

American Express

  • He said he would be a buyer of the stock at its current level.

Restaurants

Dard Restaurants

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

Starbucks

  • The coffee maker’s mission to become where people spend the most time outside of the home and office is compelling in today’s era of hybrid working, he said.

Sysco

  • Buying stocks of food suppliers is another way to play in the restaurant industry, Cramer said.

Live Entertainment

National Live Entertainment

The business was “growing like a weed,” he said.

Wynn Resorts and MGM Resorts

  • “I love them because they have exposure to both the United States and China,” Cramer said.

VICI properties

  • He said investors could also opt for the casino real estate investment trust for a live entertainment piece in their portfolios.

Bowler

  • Cramer said he likes the bowling center company as a more low-key option for investors.

Gymnasiums

Planet Fitness and Xponential Fitness

  • “I love Planet Fitness, you know that, but you have my blessing to speculate on Xponential Fitness…which is a higher risk, higher reward situation,” he said.

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

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The post Jim Cramer Picks his favorite travel, restaurant, live entertainment and gym stocks appeared first on Pro Articles.



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