Jim Cramer on Viking Holdings: “That Is My Favorite”

Viking Holdings Ltd (NYSE:VIK) is one of the travel and leisure stocks Jim Cramer recently talked about. Cramer called it his favorite during the episode, as he remarked:

“Finally, as I looked over the S&P 500’s top gainers today, I noticed that three of the top five gains came from major cruise line companies. I thought this strange. Royal Caribbean, Norwegian Cruise Line, Carnival, all up about 6%. But that again is part of what you buy after a Fed cut if you think the consumer’s better than you think. Let’s also not forget about Viking Holdings, the river cruise company that’s not included in the S&P 500. That is my favorite. Viking’s held up much better than the three majors this year because it’s more focused on older, wealthier travelers. The whole group’s been roaring for the past couple weeks, in part because everyone recognized that the Fed is still our friend and the shutdown didn’t really matter.”

Viking Holdings Ltd (NYSE:VIK) runs passenger travel services and provides river, ocean, and expedition cruises. Cramer discussed the company stock’s performance for the year during the October 21 episode. He said:

“Lately, we’ve heard a lot of handwringing about how demand for travel is finally tapering off, but not all forms of travel are created equal. Some of them are more equal than others, and that’s why the cruise lines have been holding up incredibly well. They represent tremendous value. Take Viking Holdings, that’s the parent of Viking Cruises, which is the world’s leading river cruise play. So far, this stock’s up more than 155% since it came public, roughly a year and a half ago, including a 39% gain year to date. At these levels, Viking’s within striking distance of its all-time high.”

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