Jim Cramer Discusses Discretionary Spending Through Carnival Cruise Insights

Carnival Corporation & plc (NYSE:CCL) is one of the stocks on Jim Cramer’s game plan this week. Cramer mentioned the company during the episode and said:

“Finally, Friday, we have a bunch of good reads on a slew of different industries. Carnival Cruise will tell us about discretionary spending. You don’t have to go on a cruise if you don’t want to.”

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. During the lightning round of the October 17 episode, Cramer said he is a “buyer” of the stock. The Mad Money host stated, “I’m a buyer of Carnival. Let me throw in that I like Royal too.”

In addition, it should be noted that Cramer commented on the industry while mentioning the stock during the September 26 episode, as he remarked:

“Now, we got a game plan. Let’s get to it. On Monday, we’ve got reports from two oddly important companies, Carnival and Jefferies. Carnival, along with the rest of the cruise industry, has been in super bull market mode ever since the end of COVID. Can it continue? I actually think so, led by Royal, by the way, because consumers know that cruises are relative bargains when it comes to leisure travel.”

While we acknowledge the potential of CCL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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