: Cramer said American Airlines, which is now down 13% month-to-date, according to FactSet, was performing well earlier through the spring and early summer. But it has since pulled back from those highs, he said, adding that many airlines have been feeling the sting of recent consumer weakness.
Cramer acknowledged these industry-wide worries, suggesting investors put money into airlines with "the best international exposure," including American, United and Delta.: Bank of America is down more than 10.50% month-to-date, according to FactSet, in part due to fears of slowing loan growth and new banking regulations, according to Cramer. He added that when the Federal Reserve tightens, Bank of America gets higher net interest margins, which makes them more profitable.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: NBCLA - 🏆 319. / 59 Read more »
Source: CNBC - 🏆 12. / 72 Read more »