CNBC’s Jim Cramer provided investors on Tuesday with a list of stocks he believes fit Americans’ spending habits after navigating the Covid pandemic for the past three years.
“The biggest theme is the emergence of this ‘life is too short’ mentality. People don’t want to waste their time anymore,” he said.
More specifically, according to Cramer, investors should pay attention to stocks in travel, restaurants, live entertainment and gyms.
These are his choices:
To travel
Delta Airlines, US airlines and United Airlines
- “Just be careful and stick with those with good execution, i.e. stay away from Southwest airlines — they’re sick after a massive break in the holiday service,” he said.
Marriott International
- According to Cramer, despite the run since late September, the stock is still cheap.
Hilton worldwide
- “I’m reeling at Hilton Worldwide, which is expected to have phenomenal earnings growth of 23% this year,” he said.
Airbnb
Cramer said he expects Airbnb’s share price to eventually reflect the company’s “great” business.
Hertz
- The car rental company’s profit estimates for 2023 are too low, according to Cramer.
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 more expensive restaurants and has a portfolio that includes Olive Garden, Longhorn Steakhouse and The Capital Grille.
Starbucks
- The coffeemaker’s mission to become the place where people spend most of their time away from home and in the office is compelling in today’s era of hybrid work, he said.
Sysco
- Buying stock of food suppliers is another way to game the restaurant industry, Cramer said.
Live entertainment
Live Nation Entertainment
The company is booming, he says.
Wynn Resorts and MGM Resorts
- “I like them because they are familiar with both the US and China,” Cramer said.
VICI properties
- He said investors can also go to the casino real estate investment trust for a live entertainment game in their portfolios.
Bowlero
- Cramer said he likes the bowling center business as a more low-key option for investors.
Gyms
Planet fitness and Xponential fitness
- “I like Planet Fitness, you know that, but you have my blessing to speculate on Xponential Fitness…which is a riskier, higher reward situation,” he said.
Disclaimer: Cramer’s Charitable Trust owns stock in Starbucks.
