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

3. Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Number of Hedge Fund Holders In Q4 2024: 58

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)’s shares closed 2024 28% higher as they benefited from high occupancy rates early during the year. In Q2 2024, the firm’s occupancy was 106%. Its revenue grew by 11% during Q3, and in anticipation of growing demand, it grew its capacity by adding a new ship capable of ferrying more than 3,500 guests in September. Cramer was appreciative of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in his previous remarks, as he shared that despite high debt levels in the industry, the firm was capable of making a large payment that was due soon. Here are his latest comments about Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH):

“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!”