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Jim Cramer Says Don’t Dump Airline Stocks Now, Trim Oil

June 22, 2023
in Trade Tube
Reading Time: 1 min read
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Jim Cramer answered viewers’ social media questions from the floor of the New York Stock Exchange Friday and said now is the time to buy airline stocks, even with the recent bump up in oil prices. A viewer asked about dumping Alaska Air (ALK). Cramer said stocks like United Continental (UAL) will have easy earnings comparisons, and he added that he really likes stock of Delta (DAL). Cramer also said oil is overbought, and Action Alerts PLUS is trimming some of its positions in oil stocks. Another viewer asked whether the decision by Netflix (NFLX) to raise its prices would impact quarterly results. One viewer asked if Apple (AAPL) ends the year above or below $110 a share. ‘I don’t care,’ said Cramer, who added, ‘own Apple.’ Cramer was asked for a suggested price to get into Skyworks Solutions (SWKS). ‘Skyworks is very difficult, because once they break, they break for a while,’ said Cramer. Cramer said the stock is inexpensive, and he thinks the stock should bounce. Finally, Cramer was asked about Boston Scientific (BSX)as a long term play. He responded that the stock, along with Medtronic(MDT) and Edwards Lifesciences (EW), are all really good investments. You can send Cramer questions via his Facebook (FB) page, and on Twitter (TWTR), follow him @JimCramer and send your questions with #CramerQ.

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