‘Load Up,’ Says Jim Cramer About These 2 Airline Stocks

One bright spot for investors last week was the unexpectedly strong GDP print. The figure rose 2.6% and outpaced the 2.3% forecast. But perhaps the most significant data point was the Fed’s own inflation gauge, which fell from 7.3% to 4.2%. While market watchers expect the Fed to raise rates again in its November meeting, there is some speculation that the central bank may start slowing down its rate hike policy as early as December.

In response to all of this, markets jumped on Friday. The S&P 500 gained more than 2.4%, and the Dow Jones added almost 200 points.

Looking at the market’s reaction, Jim Cramer, the well-known host of CNBC’s ‘Mad Money’ program, says: “This market’s trading like [this] week we’ll see some real signs that the Fed’s winning its war on inflation, and they can, therefore, ease up on the rate hikes going forward… I wouldn’t be at all surprised if the market got it exactly right.”

While investors are seeing a clear ray of hope on the horizon, the risk of recession remains high. Given these conditions, Cramer is recommending two airline stocks for investors, as he sees travel in a ‘recession resistant’ position. In his words, “People aren’t shifting from online to in-person shopping. They’re going places. They’re doing things.” The result is strength for the travel industry as the post-COVID consumer wants to get out and about. And that translates to hot travel demand.

So let’s take a closer look at the airline stocks Cramer is recommending. We’ve opened up the TipRanks database to pull their latest stats, and we’ll add in recent commentary from the Street’s analysts. Both are Buy-rated, and both show double-digit upside potential. Here are the details.

Delta Air Lines, Inc. (DAL)

The first Cramer Pick we’re looking at is Delta Air Lines, one of the largest ‘legacy carriers’ in the airline industry. Delta, based in Atlanta, Georgia, operates some 4,000 daily flights to more than 275 destinations around the world, including more than 500 weekly flights to various European destinations. The…


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