Jim Cramer Put These 8 Stocks Under the Microscope

2. Delta Air Lines, Inc. (NYSE:DAL)

Number of Hedge Fund Holders: 84

Noting the current strong travel demand, a caller asked if Delta Air Lines, Inc. (NYSE:DAL) was a buy and Cramer replied:

“I do prefer United to Delta. The group is really under a lot of pressure right now, but I think that they’re going to have a very strong summer. I would hold on.”

Delta Air Lines (NYSE:DAL) is an airline company that provides air travel and cargo services, operating a broad range of domestic and international routes. In January, commenting on the company, Cramer said:

“But I’m [inaudible] with Ed Bastion this morning, the CEO of Delta, 25 years he said it’s never been this good. I thought I would never see United over one hundred. Nine times earnings. You know… I want to be more negative. But the thing I’m negative on, is something which just says, you know what, economy’s still hiring. I gotta take recession off the table. Isn’t that terrific?…

I wanna see things that are good for earnings. And when I get them, I’m not gonna say, you know what, I am seller of Delta because Ed Bastion doesn’t know what he is talking about. Ed Bastion does know what he’s talking about. In profitability, yes we may not pay as much for profitability, but I would have thought that if the Fed were really, really as nervous as they seem, that Delta would have had not a blow out number, but a disappointment. And they didn’t.”