Jim Cramer on Marriott: “Love This Stock”

Marriott International, Inc. (NASDAQ:MAR) is one of the travel and leisure stocks Jim Cramer recently talked about. Cramer highlighted the company’s “strong quarter” during the episode, as he commented:

“Not just the airlines. In logic, we’ve seen a nice move from Marriott International, the world’s largest hotel company, up about 14% since the end of October, in part because the company reported a strong quarter in early November. Marriott’s CFO also gave a presentation at an industry conference on November 21st, where he offered an upbeat outlook and said that ‘Leisure has completely and utterly held up exactly where we thought it would be.’ Wow, that’s throughout the year. He added that the government shutdown created some noise for business travel, but he didn’t seem all that worried about it. Love this stock, class by itself, and people were so worried about the shutdowns. It didn’t play a role.”

Photo by Jonathan Kemper on Unsplash

Marriott International, Inc. (NASDAQ:MAR) operates and franchises hotels, residences, and timeshares, ranging from luxury to budget options. Cramer mentioned the stock during the September 17 episode and said:

“The market turned on the travel leisure stocks again. Oh God, they keep doing that, even as I continue to tell you that COVID changed the industry permanently. Marriott was crushed today, which makes no sense at all, especially when American Express was up 3% to hit an all-time high.”

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