Jim Cramer Discusses These 12 Stocks & Trump DOJ’s Action Against Health Insurance Companies

7. Viking Holdings Ltd (NYSE:VIK)

Number of Hedge Fund Holders In Q4 2024: 51

Viking Holdings Ltd (NYSE:VIK) is a cruise ship company that is part of the broader industry enjoying tailwinds from an uptick in travel. Its shares have gained 84% since being listed last year. Viking Holdings Ltd (NYSE:VIK) had booked 70% of its 2025 capacity by November last year. In his previous remarks, Cramer has pointed to a stronger US dollar benefiting the firm. However, its stock fell by 3.6% after Treasury Secretary Lutnick hinted that President Trump might remove tax exemptions for the industry. Here’s what Cramer said:

“Kind of shocking to say, one of the greatest groups in this market has been the cruise lines. It has just become, remarkable comeback, and this is the long on money, short on time. Meaning, let’s find the bar again and travel. . . These all got clocked. Why? Because Howard Lutnick, the new Commerce Secretary said that President Trump might wanna be able to get rid of the, their inability to pay tax. They don’t pay tax. Again, what I keep referring to is, Congress passed an actual codified section . . . saying that their income is not taxable! So you know, you need to get Congress to check off. Now, Citi in its note does say to make these changes we believe President Trump would need to focus on the cruise industry. But I’m implying that if the President does focus, then it gets rid of Congress. Now, look, maybe I’m outmoded. I have been focused on Congress cause that’s the way our country has, since, I don’t know, like Jefferson. But everything’s new! This needs Congressional approval. I don’t know how else he can do it!”