Jim Cramer on Carnival Corporation: “Never Told Anyone Not to Buy It”

Carnival Corporation & plc (NYSE:CCL) was among the stocks Jim Cramer discussed as he said that the Iran peace negotiations could trigger an oil glut, cool inflation, and pull interest rates down. Cramer called it “pretty lucrative,” as he remarked:

Not a lot of corporate news next week, but still enough to parse. One of the more ridiculous elements of stock research is the endless pecking order shifting in the cruise lines. You know, I’ve been consistent. I like Viking because of its upscale model, okay, no kids, no gambling. But I recognize that all the cruise lines are well-run. When Carnival reports, we might get our first inkling of what their future looks like with lower fuel costs, and perhaps more important, what actually happened with fuel and with destinations that were deemed off limits. Remember, [of] all the cruise lines, Viking has the best pricing power, but they can all generate really good fares. Carnival’s been pretty lucrative. Never told anyone not to buy it.

Photo by Stephanie Klepacki on Unsplash

Carnival Corporation & plc (NYSE:CCL) runs cruise lines and offers vacation trips. The company also manages ports, hotels, lodges, and tours that support its cruise business.

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