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

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'I think the pandemic has given the industry a huge long-term boost,' the 'Mad Money' host said.

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."

 

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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.

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