Jim Cramer and Bob Lang Discuss Consumer Luxury Goods
In this segment of Off the Charts, Jim Cramer looks at some of the top names in consumer luxury. We’re not talking about private jets and diamond jewelry, though! Using Bob Lang’s analysis, he discusses the consumer luxury goods charts of companies that specialize in motor homes, cruises, snowmobiles and timeshares.
Strong stock performances in the high-end consumer discretionary space show the broader U.S. economy “may be in better shape” than investors are led to believe, CNBC’s Jim Cramer said Monday.
“These kinds of stocks only work when the consumer’s willing to spend and banks are willing to lend,” the Mad Money host said.
For example, timeshare company Marriott Vacations Worldwide has been grinding higher ever since it bottomed in early August at around $86 per share, Cramer said. It could be ready to make a run higher to around $120 per share and then perhaps even higher to an all-time high of $145 a share.
Motor home manufacturer Winnebago, which reported a blowout quarter last week that sent its stock flying, also recently cleared $40 per share all the way to $51, Cramer said.
Watch the video to learn more about these consumer luxury goods charts.