15 Stocks on Jim Cramer’s Radar

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5. Carnival Corporation & plc (NYSE:CCL)

Number of Hedge Fund Holders: 55

Acknowledging that they recognize that Cramer considers Royal Caribbean Cruises best of breed, a caller inquired about Carnival Corporation & plc (NYSE:CCL). Cramer replied:

“Look, I know, you correctly nailed me and my view, which is that Royal Caribbean’s the best. I frankly just have to own best of breed. I know that may make me into someone who’s hidebound. I might miss some good stocks. Carnival’s good, but Royal Caribbean is great…”

Carnival Corporation (NYSE:CCL) provides leisure travel services through a variety of cruise brands, including Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises, and Cunard. On June 5, Citi analyst James Hardiman increased the price target on CCL from $25 to $28 and maintained a Buy rating.

The firm pointed to recent web traffic and pricing analysis that showed improvement from April to May, calling it a positive shift after some softness in April data. Citi noted that pricing remains steady, suggesting cruise operators are showing restraint, especially with most capacity already booked through 2025.

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