Jim Cramer Discussed These 7 Stocks

1. Delta Air Lines, Inc. (NYSE:DAL)

Number of Hedge Fund Holders: 84

Delta Air Lines, Inc. (NYSE:DAL) was mentioned during the episode, and here is what Crmaer had to say:

“Tonight, Delta stock was just absolutely obliterated when the company announced a hideous shortfall citing weakness in both business and consumer. What a dog. So what the heck is going on here?… After Delta news is digested tomorrow and all the travel leisure numbers are cut, it might be too late to sell.

You can buy some low multiple techs and industrials and banks here. We did that for the Charitable Trust today, right into the teeth of the sell-off… Just tonight we heard from Delta that both corporate and consumer customers are weak and it can’t come anywhere near the estimates the analysts were looking for, real big negative for tomorrow.”

Delta Air Lines, Inc. (NYSE:DAL) is an air transportation company that provides both passenger and cargo services across a broad network of domestic and international routes.

While we acknowledge the potential of Delta Air Lines, Inc. (NYSE:DAL) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DAL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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