10 Stocks on Jim Cramer’s Radar

8. The Walt Disney Company (NYSE:DIS)

Cramer mentioned that he is looking forward to The Walt Disney Company’s (NYSE:DIS) expanding cruise line.

“Thursday, we hear from Disney. Now, there’ve been so many good things happening at Disney, but they keep being obscured by weaker theme park numbers, which I think will get stronger. The company’s expanding its Disney cruise line business. That’s right. Really what I’m focused on right now: [the] new ship’s about to have an inaugural voyage as well as several more behind it. Can the cruise expansion actually move the needle though? You know what? As it gets bigger, the answer will be yes and it’ll be a proper needle.”

Disney (NYSE:DIS), a global leader in the entertainment industry, continues to expand its reach across various sectors. In recent developments, Disney Cruise Line introduced its newest ship, the Treasure, which made its U.S. debut at Port Canaveral in Florida on Tuesday morning. The Treasure becomes its third vessel based at the port, joining the Disney Fantasy and Disney Wish. Starting on December 21, 2024, the ship will begin its regular seven-day sailings from Port Canaveral, offering a year-round schedule of cruises to destinations.

This new addition to the fleet is part of Disney Cruise Line’s larger expansion strategy. In August 2024, Disney (NYSE:DIS) announced plans to add four more ships to its award-winning fleet, with deliveries scheduled between 2027 and 2031. These upcoming ships will bring its total fleet size to 13, further solidifying its presence in the cruise industry.

While details regarding the ship names, designs, and specific itineraries are still under development, the addition of these new vessels marks a significant growth phase for the cruise line. In the second quarter, the cruise line’s 5 vessels achieved an impressive occupancy rate of 97%.