CNBC’s Jim Cramer on Tuesday gave investors a list of the things he believes are the right things for Americans to spend money on after going through the Covid pandemic for the past three years.
“The biggest theme is the rise of the ‘life is too short.’ People don’t want to waste their time anymore,” he said.
In particular, investors should focus on travel, restaurants, live entertainment and sports, according to Cramer.
Here are the options:
Delta Air Lines, American Airlines and United Airlines
- “Just be careful and stick to the ones with good behavior, which means stay away Southwest Airlines – is sick after the big holiday break,” he said.
- Stocks are still cheap despite the run since late September, according to Cramer.
- “I’ve been coming to Hilton Worldwide, which is expected to grow by 23% this year,” he said.
Cramer said he expected Airbnb’s stock price to ultimately reflect the company’s “risky” business.
- Estimates for the rental car company’s earnings in 2023 are very low, according to Cramer.
- He said that he would be the current buyer of the property.
- Cramer said he likes that the company has high-end restaurants and has a portfolio that includes Olive Garden, Longhorn Steakhouse and The Capital Grille.
- The coffee maker’s goal of being a place where people spend more time outside of the home and office is difficult in today’s era of hybrid services, he said.
- Buying shares of food retailers is another way to look at restaurants, Cramer said.
Live Nation Entertainment
The company is “growing like a weed,” he said.
Wynn Restaurant and MGM Restaurant
- “I like them because they meet the US and China,” Cramer said.
- He added that investors can also go with the Real Estate Investment trust’s casino for live entertainment in their properties.
- Cramer said he likes the Bowling Center company as a low-cost option for investors.
Planet Fitness and Exponential Fitness
- “I love Planet Fitness, you know that, but you have my blessing to consider Xponential Fitness … which is high risk, high reward,” he said.
Disclaimer: Cramer’s Charitable Trust owns shares of Starbucks.