Was Jim Cramer Right About These 23 Stocks?

17. Carnival Corporation & plc (NYSE:CCL)

Number of Hedge Fund Holders: 56

Cramer remained constructive on Carnival Corporation & plc (NYSE:CCL) but noted competitive pressures that surrounded the company during that period:

“Royal Caribbean has pulled away from the pack. Can Carnival catch up? I think it’d be hard not to.”

Since then, Carnival Corporation & plc (NYSE:CCL) has risen by 16.63%.

Cramer talked about the stock again on the latest episode on the 14^th of March, saying that it stands a chance to perform if it is not targeted by the relatively new administration:

“Finally, on Friday, we hear from Carnival, the cruise line. Cruise lines are flagged outside of the U.S., which has made them the target of the Commerce Department. I wonder if Commerce Secretary Howard Lutnick picks this day to lay into Carnival. If not, I think that the group’s been strong even as the stocks have been awful of late. We know the business isn’t weak and therefore, Carnival stock could be ready to roll as long as it’s not attacked by the administration.”