Jim Cramer on Carnival Corporation: “Let’s Buy”

Carnival Corporation & plc (NYSE:CCL) is one of the stocks on Jim Cramer’s radar. When a caller asked if they should wait to invest in the stock, Cramer replied:

“No, no, no, no, no. You just, you can’t wait. You can’t wait with these stocks. They’re momentum stocks. But I agree with you, they’re bargain stocks too. Royal Caribbean, people were like saying, well, listen, I’m going to wait a little more for Royal Caribbean to go down. And did you see that stock today? I mean, the people today were saying, what was I doing waiting? Here’s what you do… You go and you buy, say, even for Royal Caribbean or Carnival, let’s buy, let’s buy four or five, if you want to buy 200 shares, let’s buy 50, okay? And then see if it comes down. But you get your 50.”

Carnival Corporation & plc (NYSE:CCL) operates cruise lines and related leisure travel services under brands such as Carnival Cruise Line, Princess Cruises, and Holland America Line. The company also operates port destinations, hotels, and other travel-related assets.

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Disclosure: None. This article is originally published at Insider Monkey.