Jim Cramer on These 7 Travel and Leisure Stocks

5. JetBlue Airways Corporation (NASDAQ:JBLU)

Number of Hedge Fund Holders: 33

JetBlue Airways Corporation (NASDAQ:JBLU) provides air transportation services. Cramer noted that airline stocks have fallen sharply by 35 to 40% in the past few weeks, which he believes could present an appealing opportunity. Despite the sizable drop, he maintained that the overall news about the industry is not as bad as it may initially seem.

Discussing JetBlue Airways (NASDAQ:JBLU), he commented, “Jet Blue also rallied about 4% Tuesday after the low-cost airline reaffirmed its first-quarter outlook. That was surprising.” Furthermore, in January, Cramer noted:

“There’s still some laggard, haggard companies out there that can act like skunks at a profits party. That’s what JetBlue was today with its terrible earnings and outlook that caused that stock to lose over 25% of its value in a single session. Still, one more reason why I always like to say I’d rather own shares in the worst cruise line than the best airline.”