"Royal Caribbean (RCL)'s Come Down Too Much," Says Jim Cramer

We recently published 16 Latest Stocks on Jim Cramer’s Radar. Royal Caribbean Cruises Ltd. (NYSE:RCL) is one of the stocks Jim Cramer's radar.

Cramer discussed cruise ship operator Royal Caribbean Cruises Ltd. (NYSE:RCL) in the context of the experiential economy. While the firm’s shares have lost 15% over the past month, Cramer has discussed the firm recently, particularly since the stock’s recent troubles started after Royal Caribbean Cruises Ltd. (NYSE:RCL)’s fiscal third-quarter earnings report was released on October 28th. Commenting on the results, Cramer defended the firm and remarked that “their actual numbers really weren’t all that bad.” However, he added that Royal Caribbean Cruises Ltd. (NYSE:RCL) might have suffered due to its fourth-quarter revenue outlook. While analysts had expected the firm to guide fourth quarter profit-per-share at $2.89, the actual guidance stood between $2.74 to $2.79. Here are Cramer’s latest thoughts about Royal Caribbean Cruises Ltd. (NYSE:RCL):

“I think the experiential economy has taken a bit of a hit. . .I think that Royal Caribbean’s come down too much, I kind of like that. But the experience right now, people are saying woah, I mean, everyone’s saying woah. And I’m gonna come out and say, no woah very soon. For the companies that are very good executors because there’s a lot of money still around and we’re gonna get away from the negative moment of the government shut down soon.”

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