Jim Cramer said Monday it is not too late “to make a big bet” on reopening stocks.
Cramer’s picks include Walt Disney Co (NYSE: DIS), Marriott International Inc (NASDAQ: MAR), Wynn Resorts, Limited (NASDAQ: WYNN), Southwest Airlines Co (NYSE: LUV), and Royal Caribbean Cruises Ltd (NYSE: RCL).
The former hedge fund manager also foresees a rise in business for credit card companies such as Visa Inc (NYSE: V), Mastercard Inc (NYSE: MA), and American Express Company (NYSE: AXP).
Other favorites include Estee Lauder Companies Inc (NYSE: EL), Caterpillar Inc (NYSE: CAT), Nucor Corporation (NYSE: NUE), and Simon Property Group Inc (NYSE: SPG).
The CNBC host advocated that investors latch on to the uptrend in economic recovery stocks but also advised that they should maintain exposure to growth stocks.
Cramer’s travel sector picks all ended the trading day in green on Monday. Royal Caribbean closed 9.33% higher to $86.23.
The bounce in the shares came despite the cruise liner reporting a net loss of $5.8 billion in 2020 as against the income of $1.9 billion a year prior.