The baton was passed down to the travel and leisure names from the holdings-at-home stocks, Jim Cramer told Mad Money viewers Tuesday. But it’s not too late to take advantage of the switch, added Cramer, as many of these stocks are just getting started.
Tuesday we heard from a number of retailers, including Walmart ((WMT) – Get the report, Home Depot ((HD) – Get the report and Macy’s ((M.) – Get the reportAll of this told us that consumers are doing America’s favorite thing to do, shopping. And while Home Depot stocks fell 1%, Cramer only proves that consumers are moving from spending on their homes to spending on everything else. Most interesting, however, was Macy’s, which told investors that luggage was one of the hottest categories this quarter.
So Cramer said it was time to buy Norwegian Cruise Line Holdings ((NCLH) – Get the reportwho eventually got permission to sail again. He also recommended Wynn Resorts ((WYNN) – Get the report as a play about Las Vegas and Walt Disney ((DIS) – Get the report that will benefit from the reopening of movies, theme parks and cruises.
Cramer was also optimistic about AMC Entertainment ((AMC) – Get the report and Airbnb ((ABNB) – Get the report following the company’s recent secondary offering of shares. Beauty is also a hot category with Ulta Beauty ((ULTA) – Get the report Make Cramer’s list with Estee Lauder ((THE) – Get the report.
As for the rest of the market, it remains difficult to read, with the exception of cybersecurity which is all the rage. One stock that isn’t particularly hot is AT&T. ((T.) – Get the reportThat fell 5.8% as shareholders rebelled against the company’s decision to cut its dividend to fund the Warner Media spin-off.
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At the time of publication, Cramers Action Alerts PLUS held a position in WMT, DIS.