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

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4. Royal Caribbean Cruises Ltd. (NYSE:RCL)

Number of Hedge Fund Holders In Q4 2024: 58

Royal Caribbean Cruises Ltd. (NYSE:RCL) is the penultimate cruise ship stock on our list. Like its industry peers, the firm has benefited from the growth in demand for cruise holidays by Americans. In his previous remarks, Cramer explained that a softer dollar and pent-up pandemic demand drove cruise stocks up to create value at a price. Over the past year, Royal Caribbean Cruises Ltd. (NYSE:RCL)’s shares have gained 92% to make them a standout in the sector. Like its peers, they also dropped in February following worries about the Trump administration’s potential to end tax exemptions for the sector. 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!”

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