
CNBC’s Jim Cramer on Tuesday gave investors a list of stocks he believes fit the spending habits of Americans after navigating the Covid pandemic for the past three years.
“The biggest issue is the rise of this ‘life is too short’ mentality. People don’t want to waste time anymore,” he said.
More specifically, investors should look at travel, restaurant, live entertainment and fitness stocks, according to Cramer.
Here are their picks:
Trip
delta airlines, american airlines Y united airlines
- “Just be careful and stick to the ones with good execution, which means stay away from southwest airlines – are sick after a big holiday service failure,” he said.
- The stock remains cheap despite its run since late September, according to Cramer.
- “I’ve been hanging around Hilton Worldwide, which is expected to have a phenomenal 23% profit growth this year,” he said.
Cramer said he hopes Airbnb’s share price will eventually reflect the company’s “excellent” business.
- The car rental company’s profit estimates for 2023 are too low, according to Cramer.
- He said he would be a buyer of the shares at their current level.
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.
- The coffeehouse’s mission to become the place where people spend most of their time outside of the home and office is compelling during today’s era of hybrid work, he said.
- Buying shares of food providers is another way to play the restaurant industry, Cramer said.
live entertainment
The company is “growing like a weed,” he said.
- “I like them because they are exposed to both the United States and China,” Cramer said.
- He said investors could also opt for the casino’s real estate investment trust for a play of live entertainment in their portfolios.
- Cramer said he likes the bowling company as a more low-key option for investors.
gyms
Planet Fitness Y Xponential Fitness
- “I like Planet Fitness, you know that, but you have my blessing to speculate on Xponential Fitness … that it’s a higher risk, higher reward situation,” he said.
Disclaimer: Cramer’s Charitable Trust owns Starbucks stock.
