CNBC’s Jim Cramer on Tuesday provided investors with a list of stocks he believes fit American spending habits after weathering the Covid pandemic for the past three years.
“The biggest theme is the rise of the ‘life is too short’ mentality. People don’t want to waste time anymore,” he said.
More specifically, investors should look to travel, restaurant, live entertainment and gym stocks, Cramer said.
Here are his choices:
trip
delta airlines, american airlines When united airlines
- “Be careful and stick to the high-performance ones. Southwest Airlines –They are sick after a major holiday service breakdown,” he said.
Marriott International
- Cramer said the stock remains a bargain despite the rally since the end of September.
Hilton Worldwide
- “I’m coming to Hilton Worldwide and they’re expecting an incredible 23% profit growth this year,” he said.
Airbnbs
Cramer said he hopes Airbnb’s stock price will ultimately reflect the company’s “great” business.
hertz
- According to Cramer, the rental company’s revenue projections for 2023 are too low.
american express
- He said he would be a buyer of the stock at current levels.
restaurant
Darden Restaurants
- Cramer said he likes that the company owns fine dining and has a portfolio that includes Olive Garden, Longhorn Steakhouse and The Capital Grille.
Starbucks
- The coffee maker’s mission to be where people spend most of their time outside their homes and offices is compelling in the current era of hybrid work, he said.
Cisco
- Buying stakes in food suppliers is another way to compete in the restaurant industry, Cramer said.
live entertainment
live nation entertainment
The company is “growing like a weed,” he said.
Wynn Resorts When MGM Resorts
- “I like them because they’re exposed to both the US and China,” Kramer said.
VICI property
- He said investors can also utilize casino real estate investment trusts for live entertainment play in their portfolios.
bolero
- Cramer said he likes bowling center companies as a more discreet option for investors.
Gym
planet fitness When exponential fitness
- “I love Planet Fitness. As you know, it’s my blessing to speculate on Xponential Fitness… This is a high-risk, high-reward situation,” he said.
Disclaimer: Cramer’s Charitable Trust owns shares of Starbucks.
