Jim Cramer says groups of bonds are ‘too poisonous to touch’ after Dow tanks 1,000 points

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Cramer announced Monday’s empty to be “day one” for a journey industry. Norwegian Cruise Line, Royal Caribbean Cruises and Carnival Corp, a latter of that had a boat underneath imperative quarantine in Japan, fell about 9%. The bonds are also down double digits form a day a WHO announced a open health matter a tellurian puncture on Jan. 30.

“[Vacationers] do not wish to be stranded on a journey boat in a center of a pandemic. The [forecast] numbers have to come down,” Cramer said.

The casino bonds of Wynn Resorts and Las Vegas Sands, that have bearing to China’s gambling industry, are also in “nightmarish” territory, Cramer said. He highlighted Penn National, however, as an interesting batch to collect adult as a domestic and sports gambling play in a arise of a sports betting tie-up with Barstool Sports.

Airlines are also disposed to some-more guess cuts, due to an approaching decrease in general transport as a novel pathogen spreads over China. The appearing guess cuts will take those bonds lower, Cramer said.

U.S. carriers have dangling flights to China and Hong Kong. With some-more cases display adult in South Korea, Iran and Italy, a attention might face some-more headwinds.

“I wouldn’t hold a hotel name here, generally a hotels with lots of bearing to China or Chinese tourists,” Cramer said. “Those all need to be sole even with their bonds already down a good deal.”

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