Jim Cramer Reveals 12 Stocks Investors Should Monitor Closely

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8. Marriott International Inc. (NYSE:MAR)

Number of Hedge Fund Investors: 54

Jim Cramer highlighted that Goldman Sachs has initiated coverage of the popular Marriott International Inc. (NYSE:MAR) with a “buy” rating. He emphasized that Marriott International Inc. (NYSE:MAR) is often seen as a top choice for investors, especially during times of interest rate cuts.

“Goldman started coverage of the much-loved Marriott with a buy. This is always the go-to name on an interest rate cut.”

Marriott International Inc. (NYSE:MAR)’s positive outlook is supported by strong Q2 2024 earnings of $6.1 billion, reflecting a 15% increase from last year, along with a net income of $1.2 billion driven by high travel demand and increasing occupancy rates. The post-pandemic travel boom, which includes both leisure and business travel, benefits Marriott International Inc. (NYSE:MAR)’s diverse brand portfolio, helping it reach more customers.

The growth of Marriott International Inc. (NYSE:MAR) Bonvoy loyalty program, with more members and partnerships, encourages customer retention and repeat bookings. Additionally, Marriott International Inc. (NYSE:MAR) is strategically expanding in high-growth markets like Asia and the Middle East, which should boost future revenue.

Marriott International Inc. (NYSE:MAR)’s commitment to sustainability appeals to environmentally conscious travelers, and its ability to adapt to market trends, such as remote work and extended stays, positions it well for the future. Recent announcements of new hotel openings and investments in digital services to enhance guest experiences further strengthen Marriott International Inc. (NYSE:MAR)’s leadership in the hospitality industry, making it an attractive investment opportunity.

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