Cramer calls this stock a 'coiled spring' and a bet on a travel recovery without buying airlines

CNBC2021-07-14

Investors who want to bet on the return of Americans traveling abroad after a coronavirus-driven halt can do so without buying airline stocks, CNBC’s Jim Cramersaid Wednesday. Instead, Cramer pointed ...

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Comments

1000010101O
2021-07-15
1000010101O
Like
Shan_2021
2021-07-15
Shan_2021
Will international travel happen soon !!
Jonas199555
2021-07-15
Jonas199555
[What]
- Research:
  okay
ML808
2021-07-15
ML808
Really?
- ML808:
  don't know
- jacksoncheng:
  no idea
SYEN
2021-07-15
SYEN
Comment like
- SYEN:
  Comment
- R_Trader:
  comment back please
sickeninglim
2021-07-15
sickeninglim
Wow

Leave a comment

186

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Can you imagine when you get international? That’s the stock to own. You buy it now,” anticipating more overseas travel in the coming months, Cramer said on“Squawk on the Street.”\n“I do believe that that is the stock to buy if you believe Europe is going to come back,” the“Mad Money”host added.\nLast month, the European Unionmade it easier for Americans to travel to its 27 member countries by adding the U.S. to itssafe travel list. Previously, nonessential travel had been restricted due to the coronavirus pandemic.\nMajor airlines havebeen working to add back lucrative trans-Atlantic routes, hoping to capture the pent-up demand from U.S. residents hankering for a vacation abroad.\nIt is also good for American Express. 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The stock traded just under $173 apiece Wednesday, narrowly below its all-time high of $174.76 on July 7.\nEven so, Cramer said he likes the set-up for investors, as more travel restrictions ease and people feel more comfortable with the level of coronavirus risk.\n“I still think American Express, which has got a great chart, is a coiled spring,” Cramer 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