Jim Cramer’s Latest Portfolio: Top 9 Stocks to Buy and Sell

4. Viking Holdings Ltd (NYSE:VIK)

Number of Hedge Fund Investors: 41

Experiential travel and cruise company Viking Holdings Ltd (NYSE:VIK) is one of the stocks Jim Cramer is recommending. When a caller asked him about the stock in a latest program, he said:

“This is a really fine company and will do well for multiple years because they have many ships coming in. Buy Viking.”

Viking Holdings Ltd (NYSE:VIK) operates about 85 vessels and offers unique cruise experiences on major rivers, such as in Europe and the Mississippi, alongside global ocean and expedition voyages. Its primary revenue sources are cruise and land (93%) and onboard & other (7%).

VIK’s demand strength stands out within the travel and leisure industry, driven by both capacity expansion and favorable pricing. In the second quarter, the company saw a 9.1% year-over-year revenue growth, supported by a 6.6% increase in net yields (cruise revenue per passenger cruise day) and an occupancy rate of 94.3%, indicating strong demand despite growing capacity.

Relative to its competitors, such as Norwegian Cruise Line Holdings (NCLH), Royal Caribbean (RCL), and Carnival Corporation (CCL), Viking Holdings Ltd (NYSE:VIK) is expected to grow faster, with a projected growth rate of ~14% over the next 24 months. In comparison, RCL is expected to grow at ~11%, NCLH at ~9%, and CCL at ~7%.

All of this justifies the company’s forward EBITDA multiple of 10.6x, compared to 8.9x for its competitors.