Jim Cramer’s Lightning Round: 7 Stocks Under the Spotlight

5. Alaska Air Group, Inc. (NYSE:ALK)

Number of Hedge Fund Holders: 28

Cramer advised to stay with Alaska Air Group, Inc. (NYSE:ALK) and said, “They are so good, this is their moment. I think you have a total winner, I would stick with it.”

Alaska Air (NYSE:ALK) runs airline services, providing scheduled air travel for both passengers and cargo using Boeing jet aircraft. In April 2022, Cramer commented on the company and said:

“There’s always a bull market somewhere and right now it’s flying at 30,000 feet high. My favorites are the two most profitable, that’s [Delta Air Lines] and [Alaska Air Group].”

However, he pointed out that this high level of recognition makes it difficult for the company to exceed expectations, which in turn impacts its ability to generate significant upside surprises. As a result, Cramer observed that the stock actually declined slightly from the price it was trading at at that time. Since April 2022, the stock is up over 22%.