Cramer to investors: It's still too early to be speculating in the cruise line stocks

"I say: What did you expect? The cruise lines need money. If you bid their stocks up, as many younger, less-informed investors keep on doing, they're bound to issue new equity. ... They can't afford to pass up that opportunity," Cramer said.

"Doesn't matter how great Carnival or Royal Caribbean or Norwegian might be. I mean, the truth is that right now they're not allowed to set sail because of the pandemic," Cramer said. "Call me crazy, but I'm reluctant to recommend anything that's legally barred from doing its business.

While the operators will have enhanced safety protocols when they do resume, Cramer said prospective investors need to keep an eye on the companies' balance sheets and what they have said about future bookings. The host expressed concerns about Carnival's cash burn, although he said the company has "the best exposure to the rest of the world that's already sailing again."

Yeah! its too early.

Safe to assume jimcramer also wouldn’t have approved of the Jan$60 $RCL calls we bought back in April. cruisersgonnacruise

Wow big jim.. Carnival canceled nov covid 19 cruises

Norwegian Cruise Line won’t even give us our refunds that we deserve!!! I requested a refund for my honeymoon cruise over 5 months now. Many others have tweeted the same issue. Why won’t they give back people’s money? No service was provided. Are they going bankrupt?

Two years too early.

When the time is supposedly right, they’ll already be significantly higher. This is probably a good time to buy them provided one has a 3-5 year view

Still struggling with forex trading or becoming A Profitable trader? I can help you invest in forex, without sending money to anyone, No need to pay for Signals, learn how to invest and generate income all by yourself. Inbox me for more info.📈

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Get long' — Cramer sees coronavirus trends driving stocks higher no matter who wins election'There are enough trends out there, established by Covid, that just say, 'Get long. And the No. 1, of course, is the internet just plowing through,' CNBC's Jim Cramer said on Monday. Surrrre. The market is real real confident. So confident it tanked the day Trump got Covid. jimcramer I agree with that, and we need to be more honest with the stocks. No party wants to see a stock collapse 🤷‍♂️😂, Right? We may have different paths of reaching a particular goal, but no one wants collapse, and collapse itself takes more than a presidential change. Right? You go J-Chill. Tell it like it is. Keep dealing the straight goods.
Source: CNBC - 🏆 12. / 72 Read more »

Cruise Stocks Are Sinking–Again–After Royal Caribbean Reveals It’s Raising A $1 Billion LifelineAmerica's three largest cruise lines made up Tuesday's worst-performing S&P 500 stocks. Dramatik
Source: Forbes - 🏆 394. / 53 Read more »

Dow Jumps 250 Points As Trump Touts Stocks As ‘Greatest Leading Indicator Of Them All’The Dow jumped 250 points today as Trump touts stocks as the 'greatest leading indicator of them all' Proving once again how out of touch he is Only 52% of American own stocks. What about the rest of the nation Clueless It’s going up because Biden is favourite 🤣
Source: Forbes - 🏆 394. / 53 Read more »

'Get long' — Cramer sees coronavirus trends driving stocks higher no matter who wins election'There are enough trends out there, established by Covid, that just say, 'Get long. And the No. 1, of course, is the internet just plowing through,' CNBC's Jim Cramer said on Monday. Surrrre. The market is real real confident. So confident it tanked the day Trump got Covid. jimcramer I agree with that, and we need to be more honest with the stocks. No party wants to see a stock collapse 🤷‍♂️😂, Right? We may have different paths of reaching a particular goal, but no one wants collapse, and collapse itself takes more than a presidential change. Right? You go J-Chill. Tell it like it is. Keep dealing the straight goods.
Source: CNBC - 🏆 12. / 72 Read more »