Jim Cramer Is Focused on These 15 Stocks This Week

5. Viking Holdings Ltd (NYSE:VIK)

Cramer said that Viking Holdings Ltd (NYSE:VIK) stock is worth buying pre and post-earnings.

“Okay, I’ll give you something that might be worth buying, both before and after earnings. It’s Viking. Yes, Viking Holdings. The cruise stocks have been fantastic, haven’t they? This one’s a little behind the others, even if it’s had a big run. I buy more on Monday.”

Viking Holdings (NYSE:VIK) is a prominent player in the passenger shipping and transport sector. In addition to passenger transport, it also engages in tourism, offering passengers a range of tour experiences and related activities. In September, the company celebrated a significant achievement with the Viking Yi Dun’s return to China, marking the ship’s first voyage from Shanghai to Hong Kong (Shenzhen).

This voyage was not only a symbolic return but also introduced new itineraries that offer domestic sailings along China’s coast. These itineraries feature rarely-visited destinations and ports that are exclusively accessible to the company, providing international travelers with unique access to places that have never before been offered to them.

The company recently released its financial results for the third quarter and it reported a total revenue of $171.9 million, marking an 11.4% increase compared to the same period in 2023. In addition, adjusted EBITDA rose by 15.3%, reflecting improvements in operational efficiency and financial performance. The company also achieved a notable turnaround in profitability, reporting net income of $374.8 million for the third quarter, a substantial recovery from a net loss of $1,238.2 million in the same quarter of the previous year.

Viking Holdings (NYSE:VIK) Core Products have seen strong demand for the upcoming seasons. As of November 3, 2024, 95% of the Capacity Passenger Cruise Days (PCDs) for the 2024 season had already been sold, and for the 2025 season, 70% of the capacity has been booked.

Torstein Hagen, Chairman and CEO, commented on the company’s strategy, noting that with the 2024 season’s capacity largely sold, Viking’s sales and marketing efforts have now shifted focus toward the 2025 season and beyond. Leah Talactac, CFO, echoed this sentiment, highlighting the strong sales momentum and the positive trends in both booking volumes and rates for future seasons.