Jim Cramer Recently Discussed These 13 Stocks Interest Rates And Recession

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

Number of Hedge Fund Holders In Q3 2024: 57

Delta Air Lines, Inc. (NYSE:DAL) is another mega American airline. Its shares closed 2024 52% higher as the firm benefited from a growth in unit revenue throughout the year. Like United, Delta Air Lines, Inc. (NYSE:DAL) also benefited from a growth in international air travel, with the firm’s premium brand image also benefiting it. The firm is currently expecting its profit per share to grow by 10% over the next couple of years and its capacity to grow by as much as 4% this year. Cramer used Delta Air Lines, Inc. (NYSE:DAL) as a proxy to indicate robust economic performance:

“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 Carl, 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.”