Jim Cramer Discusses These 13 Stocks & Says Calm Down Everyone

3. Airbnb Inc (NASDAQ:ABNB)

Number of Hedge Fund Holders In Q4 2024: 54

Airbnb Inc (NASDAQ:ABNB) is a real estate technology company that allows property owners to rent out their property. A large portion of the firm’s hypothesis is tied to the travel industry. After Monday’s stock market selloff, Cramer commented on the shares in line with the broader travel industry as he lamented that the ‘bull market’ in travel stocks appeared to be over. To wit, Airbnb Inc (NASDAQ:ABNB)’s shares are down by 9% year-to-date on the back of a 26% drop since mid-February. Here’s what Cramer said about the firm:

“Look, travel’s been the biggest engine, okay. It’s been the biggest engine of the economy in the last six months. And you can hurt it. I mean we obviously got, we also had some terrible instances with planes. But you can hurt travel and travel’s really, I mean AirBnB there’s negative comment out today from one of the analysts. Saying you know that February was bad. We know that the airlines just spoke, not that good. Someone upgraded Expedia yesterday, saying things were fine. But I do think that when you take the best bull market we have and you put chinks in it, we should then scramble. We scramble. Because we are running out of places that have bull markets.”