Jim Cramer on Marriott: “Love This Stock”

“Not conscionable the airlines. In logic, we’ve seen a bully determination from Marriott International, the world’s largest edifice company, up astir 14% since the extremity of October, successful portion due to the fact that the institution reported a beardown 4th successful aboriginal November. Marriott’s CFO besides gave a presumption astatine an manufacture league connected November 21st, wherever helium offered an upbeat outlook and said that ‘Leisure has wholly and utterly held up precisely wherever we thought it would be.’ Wow, that’s passim the year. He added that the authorities shutdown created immoderate sound for concern travel, but helium didn’t look each that disquieted astir it. Love this stock, people by itself, and radical were truthful disquieted astir the shutdowns. It didn’t play a role.”

Photo by Jonathan Kemper connected Unsplash

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

“The marketplace turned connected the question leisure stocks again. Oh God, they support doing that, adjacent arsenic I proceed to archer you that COVID changed the manufacture permanently. Marriott was crushed today, which makes nary consciousness astatine all, particularly erstwhile American Express was up 3% to deed an all-time high.”

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READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.