Jim Cramer Says He is a Buyer of Carnival Corporation

Carnival Corporation & plc (NYSE:CCL) is one of the stocks Jim Cramer recently covered. During the lightning round, a caller asked Cramer’s thoughts on the stock, and he replied, “I’m a buyer of Carnival. Let me throw in that I like Royal too.”

Carnival Corporation & plc (NYSE:CCL) runs cruise lines and offers vacation trips. The company also manages ports, hotels, lodges, and tours that support its cruise business. When a caller asked for Cramer’s advice on the stock during the August 12 episode, Cramer responded:

“No, no, no, no, no. You just, you can’t wait. You can’t wait with these stocks. They’re momentum stocks. But I agree with you, they’re bargain stocks too. Royal Caribbean, people were like saying, well, listen, I’m going to wait a little more for Royal Caribbean to go down. And did you see that stock today? I mean, the people today were saying, what was I doing waiting? Here’s what you do… You go and you buy, say, even for Royal Caribbean or Carnival, let’s buy, let’s buy four or five, if you want to buy 200 shares, let’s buy 50, okay? And then see if it comes down. But you get your 50.”

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Disclosure: None. This article is originally published at Insider Monkey.