Jim Cramer Talked About These 11 Stocks Recently

3. Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Number of Hedge Fund Holders: 33

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is a global cruise company that operates under the brands Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. Discussing the company, Cramer said:

“Plus, the cruise companies like Royal Caribbean, Norwegian, and Carnival have become incredibly disciplined about not adding too much capacity at once, which makes the industry much more resilient than it was before Covid whipped them in shape. They used to have too many ships coming online all the time.”

Cramer discussed Norwegian Cruise (NYSE:NCLH) during CNBC’s Mad Dash in May 2024 and mentioned that the company shared a compelling story about its success while it appeared on Mad Money, noting that bookings are full. Cramer highlighted that initially, the stock had not caught much attention, but then, firms like Melius and Mizuho upgraded it, with Mizuho urging investors to buy Norwegian Cruise.

Cramer pointed out that it’s remarkable how people have seemingly forgotten that the cruise industry was at the epicenter of COVID, and now, the value of cruising is finally resonating with the public. He added:

“They still have a huge amount of debt, and you would say, listen, there’s too many turns, they need to pay a lot down, and I would say Norwegian Cruise has a payment this year that they have no problem making, and this one is the cheapest one relative to debt.

So it is an exciting company, because they have this, you know, they go worldwide, it’s not Norwegian… Norwegian’s got this management that is telling a great story without the stock moving yet. … I think that Norwegian’s a very good call.”