Camping and RV stocks are 'back in a big way,' Jim Cramer says

Camping WorldCramer offered a mea culpa for not spotting the bullish turn in the RV market early on. The industry had a tough year in 2018, given outsized supply, he said. He suggested that "camping is back in a big way" now, due to consumer fears of catching the coronavirus in hotels and other vacation establishments.

"Camping ... is the perfect Covid vacation" and "you can still practice social distancing, especially if you've got an RV," he said. "One of these things lets you shelter in place and travel at the same time." When LCI Industries last reported quarterly results, executives said that business bounced back much more strongly than anticipated. Camping World also told what Cramer considered an "incredibly bullish story" during its earnings call almost a month ago as the company embarks on a strategy to attract nontraditional consumers.

The host does, however, worry that a recession could spell bad news for luxury-based businesses such as RVs. "I say keep an eye on Thor and Winnebago. Thor reports next Monday and Winnebago reports on the 17th," he said. "I think you can buy them if they sell off going into earnings, but otherwise, you should withhold judgment, and I do like Camping World."

All the Parks and area for them have been packed for years during summer. What do they plan to do with them ? Maybe live in them.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

'The stock market doesn't care about social justice': Jim Cramer - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. but apparently, the mkt doesn't care about PRICE DISCOVERY. WHAT BULLSHIT, WHAT FRAUD. Keep printing that money suckers
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »

Cramer says the stock market's move is 'about the reopening' and protests could delay itJim Cramer said on 'Squawk on the Street' that Wall Street will be focused on a crucial week for U.S. businesses even as protests have led to curfews and store closures. Cramer bought into the garbage he saw on TV... again Congo health ministry confirms at least 4 new ebola Deaths in city It’s about the fed
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

Jim Cramer on Wall Street's relation to George Floyd protests: 'The market has no conscience'The 'Mad Money' host worries how the nationwide protests, which he generally supports, could impact the fight against coronavirus. Jim Cramer needs to study history. And trump just declared war on America! BlackLivesMatter Live footage from CNBC
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »