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

5. Carnival Corporation & plc (NYSE:CCL)

Number of Hedge Fund Holders In Q4 2024: 56

Carnival Corporation & plc (NYSE:CCL) is another cruise ship operator that has enjoyed favorable tailwinds in its industry. Its shares have gained 52.5% over the past year as the firm benefited from strong advance bookings in 2024. However, in 2025, Carnival Corporation & plc (NYSE:CCL)’s stock is down by 7%. The stock dropped by 11% in February and turned the year’s gains into red after investors sold the shares worrying that President Trump would cancel tax exemptions enjoyed by the cruise ship 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!”