8 Stocks on Jim Cramer’s Radar Recently

6. Alaska Air Group, Inc. (NYSE:ALK) 

Number of Hedge Fund Holders: 45

Answering a caller’s inquiry about Alaska Air Group, Inc. (NYSE:ALK), Cramer commented:

“Well, look, first of all, it’s really well run, so don’t take this the wrong way, but the airlines are wrong to own right here because people think we’re going into a travel recession. I think you’d still go lower.”

Alaska Air Group (NYSE:ALK) offers airline services using Boeing jet aircraft for passenger and cargo transportation. Its subsidiaries include Alaska Airlines, Hawaiian Holdings, Inc., Horizon Air, and McGee Air Services. Diamond Hill Capital stated the following regarding Alaska Air Group, Inc. (NYSE:ALK) in its Q4 2024 investor letter:

“Other top contributors in Q4 included Alaska Air Group, Inc. (NYSE:ALK), Webster Financial and Liberty Media-Formula One. Shares of regional airline Alaska Air rose in the quarter as management provided more details about the company’s recent acquisition of Hawaiian Airlines, which investors received positively.”