Cramer's 'Mad Money' Recap: Banking on the Boomers
As 78 million self-indulgent baby boomers start thinking about retiring, we need to begin thinking about where they are going to be spending their money and time, Jim Cramer told viewers of his "Mad Money" TV show Friday.
Today he said he's focusing on retirement and looking at the best-of-breed travel and leisure stocks that should make people money. Although many might find retirement boring, he assured his viewers that it could make them money.
When the threat of terrorism is high, Four Seasons gets smacked down because Wall Street thinks people stop traveling during this time. The company performed badly over the past year because of worries about terrorism and competition from rival Ritz-Carlton. But you can't keep a good company down, and that's why Cramer believes people can buy Four Seasons on weakness as the baby boomers start to retire.
When a caller asked about a midlevel hotel play that the budget-conscious baby boomer might use, Cramer suggested Marriott (MAR - commentary - Cramer's Take), although it is not a best-of-breed play, he said.
Also, Starwood Hotels & Resorts (HOT - commentary - Cramer's Take) is a stock Cramer believes is on its way to best-of-breed status, he said. With its St. Regis brand, Starwood can rival Four Seasons, and charge a lot more money, he said, adding that although Starwood isn't best of breed yet, it is well on its way in terms of making money.
Today he said he's focusing on retirement and looking at the best-of-breed travel and leisure stocks that should make people money. Although many might find retirement boring, he assured his viewers that it could make them money.
When the threat of terrorism is high, Four Seasons gets smacked down because Wall Street thinks people stop traveling during this time. The company performed badly over the past year because of worries about terrorism and competition from rival Ritz-Carlton. But you can't keep a good company down, and that's why Cramer believes people can buy Four Seasons on weakness as the baby boomers start to retire.
When a caller asked about a midlevel hotel play that the budget-conscious baby boomer might use, Cramer suggested Marriott (MAR - commentary - Cramer's Take), although it is not a best-of-breed play, he said.
Also, Starwood Hotels & Resorts (HOT - commentary - Cramer's Take) is a stock Cramer believes is on its way to best-of-breed status, he said. With its St. Regis brand, Starwood can rival Four Seasons, and charge a lot more money, he said, adding that although Starwood isn't best of breed yet, it is well on its way in terms of making money.
posted by Stock Administrator @ 2:43 AM
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