CNBC’s Jim Cramer on Tuesday gave investors a list of stocks he believes fit the spending habits of Americans after weathering the Covid pandemic over 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.
Specifically, investors should look at travel, restaurants, live entertainment and gyms, Cramer says.
Here are his picks:
Travel
Delta Air Lines, American Airlines and United Airlines
- “Just be careful and stick to the ones with good execution, which means stay away.” Southwest Airlines – they are sick after the big breakdown of the holiday service,” he said.
Marriott International
- Shares are still cheap despite being traded since late September, according to Cramer.
Hilton Worldwide
- “I was stopping by Hilton Worldwide, which is expected to have a phenomenal 23 percent earnings growth this year,” he said.
Airbnb
Kramer said he expects Airbnb’s stock price to eventually reflect the company’s “great” business.
Hertz
- The rental car company’s earnings estimates for 2023 are too low, Cramer says.
American Express
- He said he would be a buyer of the stock at current levels.
Restaurants
Darden 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 the place where people spend the most time outside of the home and office is compelling during the current era of hybrid work, he said.
Cisco
- Buying stocks of food suppliers is another way to play the restaurant industry, Cramer said.
Live entertainment
Live Nation Entertainment
The company is “growing like a weed,” he said.
Wynn Resorts and MGM Resorts
- “I like them because they have exposure to both the U.S. and China,” Cramer said.
VICI Properties
- He said investors could also go with a live-game casino real estate investment trust in their portfolio.
Bovlero
- Cramer said he likes the bowling alley company as a low-key option for investors.
gyms
Planet Fitness and Exponential Fitness
- “I like Planet Fitness, you know that, but you have my blessing to speculate on Exponential Fitness … which is a higher risk, higher reward situation,” he said.
Disclaimer: Cramer’s Charitable Trust owns Starbucks stock.
