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

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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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1000010101O
·2021-07-15
Like
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Shan_2021
·2021-07-15
Will international travel happen soon !!
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Jonas199555
·2021-07-15
[What]
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1
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- Research:
  okay
  2021-07-15
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ML808
·2021-07-15
Really?
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4
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- ML808:
  don't know
  2021-07-15
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- jacksoncheng:
  no idea
  2021-07-15
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SYEN
·2021-07-15
Comment like
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6
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- SYEN:
  Comment
  2021-07-15
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- R_Trader:
  comment back please
  2021-07-15
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sickeninglim
·2021-07-15
Wow
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4
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TitaniumHand
·2021-07-15
X
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RyanLJW
·2021-07-15
Ok
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nicoyh
·2021-07-15
nice
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Bustylibra
·2021-07-15
Nice ! Like and comment please
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4
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- SThang:
  Done!
  2021-07-15
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KailashN
·2021-07-15
Good! Like please
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3
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- Skylar217:
  Ok
  2021-07-15
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- KailashN:
  Thanks
  2021-07-15
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Manfreak
·2021-07-15
Goood
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vcvcbc
·2021-07-15
Tell me your opinion about this news...
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vcvcbc
·2021-07-15
Tell me your opinion about this news...
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vcvcbc
·2021-07-15
Pro
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vcvcbc
·2021-07-15
Pro
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vcvcbc
·2021-07-15
Hihi
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cherylpeanut
·2021-07-15
cool stuff
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cherylpeanut
·2021-07-15
cool stuff
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XWB
·2021-07-15
Ok
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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. While travel is important for American Express in general, cross-boarder payments have higher margins than domestic ones.\nIn its first-quarter earnings report, released in April, American Express CEO Stephen Squeri said the company was seeing positive signs around domestic travel, “increasing our confidence” that the recovery will continue.\nHowever, Squeri said at the time, “Card member spending, excluding travel and entertainment categories, was 11 percent higher on an FX-adjusted basis than it was in the first quarter of 2019, and continues to represent the majority of spend on our network.”\nAmerican Express is set to release second-quarter results July 23, which may offer more insight into recent travel spending trends.\nShares of American Express are up around 43% year to date and more than 80% in the past 12 months. 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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