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Jim Cramer of CNBC made a recommendation on stocks at two of the most recognizable amusement parks in the United States on Monday.
After facing problems of attendance for a few years, the "Mad Money" facilitator stated that he was ready to give his blessing to Cedar Fair and Six Flags because both Companies had been able to view the results sold in their latest earnings reports.
Cedar Point has a portfolio of over a dozen water parks, hotels and amusement parks, including Cedar Point in Sandusky, Ohio. Six Flags offers almost double the number of attractions, but both companies have generated almost the same amount of business over the last year, Cramer noted.
"If you're looking for an income, look no further than amusement parks.It's a natural place to go," he says, "but if you choose one of these parks it should be cheaper, more expensive – Cedar Fair … which, in my opinion, is a better choice than Six Flags. "
Get all his thoughts here
What to fear?
Traders are working on the floor on the New York Stock Exchange.
Brendan McDermid | Reuters
The bond market may have scared investors last week, but quarterly corporate reports help Wall Street maintain some confidence, Cramer said.
The host invoked the results of Walmart, Nvidia and Estee Lauder as the reason.
the added nearly 250 points to continue its rebound after the worst trading day of the year following a reversal of the yield curve. the and both climbed more than 1% during the session.
"I've explained over and over again: you have a better reading of the economy by listening to conference calls from big companies," said Cramer, "and these calls have revealed that the consumer. .. is alive and in good health. "
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The state of the American consumer
A pedestrian passes in front of a Target store in Chicago, Illinois.
Scott Olson | Getty Images
Cramer said that the American consumer is booming and that retailers can woo their customers if they have two goals: a strong digital presence or an off-price format.
Stores that can not offer a good online shopping experience or sell discounted products are "doomed" or "stuck in a slow decline like Macy's," said the host.
Online sales in the United States exceeded in-store sales for the first time in history last February, .
"These days, the consumer is addicted to comfort," he said. "If there is not a remarkable digital presence or incredible bargains, take a pass."
Go further here
Cramer: the reason why investors should own Microsoft
During Cramer 's lightning party, the host of "Mad Money" comments in no uncertain terms his choice of shares of the day.
Microsoft Corp .: "I want you to own Microsoft. [CEO] Satya Nadella did a remarkable job. "
Boeing: "In fact, to tell you the truth, I would withdraw my initial investment and let the rest work.I know it's a problematic time for Boeing, but the fact is that even if they close the production line, reflecting some of that, so take the money you put and that is all. "
Ferrari: "Well, you know, my wife is a Lamborghini person, but I have to tell you that RACE behaves remarkably well, I'm a buyer, Dave!"
Disclosure: The Cramer Charitable Trust holds shares in Microsoft and Nvidia.
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