Jim Cramer Discussed 9 Stocks for This Week’s Game Plan

2. United Airlines Holdings, Inc. (NASDAQ:UAL)

Number of Hedge Fund Holders: 54

United Airlines Holdings, Inc. (NASDAQ:UAL) is a major provider of air travel services, offering both passenger and freight transportation. Here’s what Mad Money’s host had to say about the company:

“Speaking of awesome quarters, we should get a first-class blowout from United Airlines, which is riding this incredible wave of airline profitability. When United reports after the bell, I think shareholders will be rewarded with a huge beat as the company’s benefiting from a lack of planes and a lack of competition that allowed ticket prices to go ever higher. As you know, not so good for consumers or the Consumer Price Index, but tremendous for shareholders. United, one of the best performers in the S&P 500 last year was at $38 back in August. Today, it closed at $107 bucks.”

Additionally, Cramer recently expressed his amazement at the performance of United Airlines (NASDAQ:UAL), calling it “simply astounding.” He explained that, for the first time in his career, he witnessed a trade transform into a long-term investment. Cramer pointed out that the turning point for the airline came when it began reducing capacity, notably cutting back 3% of its promised midyear capacity. He said he was initially stunned by this move, but it ultimately played a key role in the company’s impressive stock growth. He added:

“Oh, and get this, United still sells for less than eight times this year’s earnings. It can actually power higher. It might be a good buy. I would wait for a 5 to 8% pullback.”