We recently compiled a list of the Jim Cramer Is Focused on These 15 Stocks This Week. In this article, we are going to take a look at where Viking Holdings Ltd (NYSE:VIK) stands against the other stocks Jim Cramer is focused on this week.
Jim Cramer, the host of Mad Money, recently addressed some of the major events for Wall Street this week, focusing on earnings reports and investor days of various companies. With post-election jitters affecting the market, he warned investors to proceed with caution, as uncertainty looms over the economic landscape.
Cramer referred to Trump’s unpredictable nature, saying, “He is mercurial. Turns out he’s capricious.” Reflecting on the mood among investors, Cramer remarked that many were asking themselves, “What were we thinking?” as they processed the aftermath of the election.
He also noted the unsettling impact of Trump’s appointments to key administration positions, saying that “heads are turning” in response to some of these picks, and suggested that investors might soon feel the air leaving the post-election optimism that had initially lifted the market.
Cramer went on to caution that while there are certainly opportunities in individual stocks, especially in the wake of Trump’s policies, many stocks are still trading at levels far above where they were just a few months ago. He explained:
“Look, I’ve told you that there are many pitfalls with individual stocks when it comes to Trump 2.0. Most of them are buying opportunities but with stocks still up so much from a few months ago, you can’t be too eager to buy the dips.”
READ ALSO Jim Cramer on Microsoft and Other Stocks and Jim Cramer’s Best Performers List: Top 10 Stocks
Despite new stocks sparking interest, Cramer emphasized that he needed more time to assess market conditions before making any significant moves. He expressed a preference for waiting, stating that he doesn’t like to buy stocks only to watch them decline immediately after, a scenario he feels is likely if he rushes in too soon.
Cramer concluded by summarizing his outlook on the market, saying:
“So let me give you the bottom line: Even though the post-Trump rally hangover has been vicious, it still hasn’t taken most of the market down to levels where I think it makes sense to buy. Now, I just gave you some nuggets. I think they could be golden, but I think it’s more important to prepare yourself for better opportunities, at least in the near future.”
Our Methodology
For this article, we compiled a list of 15 stocks that were discussed by Jim Cramer during the episode of Mad Money on November 15 and listed the stocks in the order that Cramer mentioned them.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
An aerial view of a luxurious cruise ship, surrounded by the blue horizon.
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.
Overall VIK ranks 5th on our list of stocks Jim Cramer is focused on this week. While we acknowledge the potential of VIK as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than VIK but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
