Jim Cramer Says Wait A Little & Discusses These 11 Stocks

2. Airbnb Inc (NASDAQ:ABNB)

Number of Hedge Fund Holders In Q4 2024: 54

Airbnb Inc (NASDAQ:ABNB) is a technology company that enables travelers to rent out properties. Like other stocks, the shares have struggled in Q1 due to the impact of potential economic headwinds on the travel industry. Airbnb Inc (NASDAQ:ABNB)’s shares have lost 24% since mid-February after having gained 14.5% after the firm’s latest earnings report. Cramer has long complained about the downturn in travel stocks impacting the firm’s shares. Here’s what he said about Airbnb Inc (NASDAQ:ABNB):

“Well, I know that there’s a lot of questions about going out to dinner and going out to dinner, the restaurants that charge too much, not good. The travel boom. Many people feel is over. . .if it’s the airlines, AirBnb has still held up relatively, but Marriott has started to come down. This group is rolling over, but it’s a little self-fulfilling in the sense that you know David, once you get, one of them down, people just say I’m getting out all of them.”