Jim Cramer Answers If the Market Has Bottomed and Weighs In On 11 Stocks

5. Delta Air Lines, Inc. (NYSE:DAL)

Number of Hedge Fund Holders: 84

While discussing airlines, Cramer pointed to Delta as the better trade if investors want airline exposure, due to its valuation and relative strength.

Here’s what he said:

“I know that people don’t like the stock but if you want an airline, the one that people are buying, it’s Delta. It’s all the way down to 40. It sells at seven times earnings. People feel that the travel bull market is over. I regard these as what I call trading vehicles. But if you want to trade one; the one you want to trade is Delta, DAL.”

Although Cramer has been cautious on travel and leisure stocks in recent months, he still highlights Delta Air Lines, Inc. (NYSE:DAL) as his standout pick. Here’s what he said last month:

“Now for those of you who haven’t been paying attention, this week Delta Airlines slashed its first-quarter earnings outlook, citing, ‘the recent reduction in consumer and corporate confidence caused by increased macro uncertainty’, which they say drove ‘softness and domestic demand’ in recent weeks. Now for a long time, Delta was the best of the airlines so you really don’t want to hear that kind of commentary from them. Now these guys cut their guidance ahead of an appearance at the JPMorgan Industrials conference on Tuesday.”