Jim Cramer Put These 8 Stocks Under the Microscope

4. United Airlines Holdings, Inc. (NASDAQ:UAL)

Number of Hedge Fund Holders: 86

A caller wondered why people are not buying United Airlines Holdings, Inc. (NASDAQ:UAL) at $140 and Cramer replied:

“I am a buyer. I am a buyer of United Airlines. I know it’s down 15% but it became again, a momentum stock. I think you’re right. I think it’s cheap. The travel thesis is strong. If I had to pick up some United Airlines, I’d buy some here then wait till around $70 and buy the rest. That’s what I’ve been doing for the Charitable Trust when I see stocks just like this.”

United Airlines (NASDAQ:UAL) is a provider of air travel services and offers transportation for both passengers and cargo. In February, Cramer noted the turnaround in the airline industry and suggested buying UAL:

“Old hands like me are used to seeing the airlines collapse once or twice a decade. Not anymore. You don’t need to think this went through. You just need… the obvious. You go, go buy United, it’s up 10% year-to-date.

I think it can challenge its old high of $116 given that people seem to want to travel no matter what. We’re well past the initial post covid boom here. I think it can absolutely justify paying eight times earnings for United.”