Jim Cramer Suggested Buying These 8 Stocks on Weakness

3. Airbnb, Inc. (NASDAQ:ABNB)

Number of Hedge Fund Holders: 54

Airbnb, Inc. (NASDAQ:ABNB) was mentioned during the episode, and here’s what Mad Money’s host had to say:

“When you travel, you need someplace to stay, don’t you? There are two stocks that are roaring in this cycle. Marriott and Airbnb, they just reported excellent numbers. These were cyclical stocks before Covid. Now they’re secular, meaning they seem to have growing, growth no matter what.”

Airbnb (NASDAQ:ABNB) runs a widely recognized platform that links hosts with guests, offering various types of accommodations and experiences. The marketplace is available via both online and mobile platforms. Oakmark Funds stated the following regarding the company in its Q4 2024 investor letter:

“Airbnb, Inc. (NASDAQ:ABNB) is an online marketplace to list, discover and book unique accommodations worldwide. The company benefits from a strong network effect between its guests and hosts. We believe there is a long growth runway as global travel is an attractive market, and alternative accommodations have been taking share. We anticipate Airbnb will drive further growth by creating more valuable services for both sides of its network, which includes the potential for paid placement, which has created significant economic value for comparable market places. In our view, management is aligned shareholders and well qualified to lead Airbnb as the company attempts to capture these growth opportunities. Short-term concerns about the macro travel environment and declining margins stemming from growth investments allowed us to purchase shares at a discount to our estimate of business value.”