We recently published 8 Stocks Jim Cramer Talked About. Royal Caribbean Cruises Ltd. (NYSE:RCL) is one of the stocks Jim Cramer recently discussed.
Royal Caribbean Cruises Ltd. (NYSE:RCL) factored into the discussion after co-host Carl Quintanilla mentioned a peer cruise ship company. While Cramer started the year by being quite optimistic about cruise ship stocks, in this appearance, he linked their performance with Americans struggling with spending:
“When we had Royal on, Jason Liberty, people were saying, listen, be careful here. Because what’s happened is that they’re not filling up their cruise lines as fast. They have, there’s bad rush at the end of fill. A lot of people said ahh, but it’s still good but the stock has not had a single good day since, well maybe there’s been one or two. But this group has lost its lustre. This was the last big travel group. And you don’t want to see them lose. And this again is what I’m thinking, government shutdown. There’s also this notion of this malaise notion, Jimmy Carter malaise. David, there are people who are just, they’re not spending.”
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Disclosure: None. This article is originally published at Insider Monkey.