Jim Cramer, CNBC’s Squawk on the Street host, recently discussed various stocks amid US-China trade tensions and the devastating impact of the California wildfires on the services industry. Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is one such stock that has garnered attention from the analyst.
Cramer highlighted the bear-bull indicator, which showed a low bull indicator since June 2022 and a high bear’s indicator since September 2022, reflecting a level of confusion and negativity in the market. He also pointed to the alcoholic beverages industry, stating that beer sales are down and hard liquor stocks are struggling due to moderation.
The analyst attributed this shift to consumers opting for fewer drinks instead of more. Cramer expressed concern over the pricing strategies adopted by liquor companies, warning that they will eventually face significant losses if they fail to adapt to changing consumer behavior.
In addition to Norwegian Cruise Line Holdings Ltd., other stocks on Jim Cramer’s watchlist include several AI and technology companies. However, for investors seeking a promising AI stock with lower valuation, the analyst recommends checking out the cheapest AI stock.
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Source: https://finance.yahoo.com/news/jim-cramer-norwegian-cruise-line-200201344.html